TaxConnex
APRIL 28, 2022
In years past, auditors could show up at your door asking to look at your records. Many audits are conducted remotely, and an auditor never visits your office. And of course, save paper. Auditors can also use artificial intelligence to dig up even more evidence. Always treat the auditor with respect and dignity.?Assign
ThomsonReuters
APRIL 19, 2023
While some have expressed concerns that automation may replace human auditors, the reality is that technology is here to enhance the profession rather than replace it. Automation tools can help streamline processes , reduce inefficiencies, and free up human auditors to focus on higher-value tasks.
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ThomsonReuters
JUNE 28, 2023
To do this, auditors must leverage technology and data analytics to innovate and sustain their edge over the competition. In this article, we will explore how using data analytics and automation can help enhance the auditing process, achieve greater operational efficiency, and ultimately set your firm apart.
ThomsonReuters
MARCH 20, 2024
A lot of companies are in situations of unknown unknowns,” she says, “where they don’t even realize they have nexus and they end up finding out in painful ways when auditors come knocking.” Auditors typically request data encompassing several years, Davis notes, but large retailers may be processing millions of transactions per day.
ThomsonReuters
JUNE 16, 2023
Is their current technology a drain on efficiency and profitability? As outlined in the Thomson Reuters white paper “ Mind the gap: Identifying gaps in your software this tax season ,” there are several indicators to help firms determine if their accounting technology is outdated and in need of a refresh.
ThomsonReuters
JANUARY 24, 2023
This starts with solid reporting by company management and presents a significant opportunity for auditors. Why are ESG audits important? According to CAQ, auditors, especially public company auditors, are ideally positioned to enhance reliability of ESG reporting.
Withum
DECEMBER 12, 2023
In fact, a Center for Audit Quality (CAQ) analysis found that 90% of US companies that trusted their non-financial auditing to a publicly traded auditor used the same firm for their financial auditing. Regulation: Many of the world’s most far-reaching climate regulations require assurances from pre-approved third-party auditors.
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