Remove insights strategic-board-involvement
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Auditor evaluation deficiencies are more frequent than you think: How to ensure an accurate data review

ThomsonReuters

Data review involves examining financial records, transactions, and supporting documentation to verify their accuracy and completeness. Trend analysis and predictive analytics provide insights into financial performance and future outcomes. It helps auditors identify errors, irregularities, and potential fraud.

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Case Study: Revamping Cybersecurity – U.S. Regional Bank Enhances Cyber Defense Strategy

Withum

The management committee and board of directors needed third-party expertise, including strategic insights and educational support. This exercise incorporated multiple real-world scenarios and involved operational team members responsible for responding to cyber incidents, such as ransomware and phishing.

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Why accounting firms should become business advisors

ThomsonReuters

Business advisory services capitalize on the unique insight of accounting firms to make a profitable shift from serving clients as a once-a-year tax compliance processor to a year-round strategic business advisor. In the end, it’s all about transforming your firm from a tax compliance processor into a trusted, strategic advisor.

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The Impact of a SOC 2 Report on Your Organization Value and Customer Relations

Cherry Bekaert

Conducted by impartial third-party auditors, SOC reports involve a thorough examination of a service organization’s system and data controls. What Do SOC 2 Reports Focus On? Among the three primary types (SOC 1, SOC 2, and SOC 3), SOC 2 is the most widely recognized. This, in turn, can lead to significant cost savings.

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Redefining Tax Strategy Beyond Retirement Savings: Unveiling the Full Potential of Tax Planning

CTP

Think about the impact of strategic deductions, tax credits, and entity selection on a business’s bottom line. You become an indispensable part of your clients’ decision-making process, offering insights that can lead to significant financial wins. However, effective tax planning is a year-round endeavor.

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Transitioning from indirect tax compliance specialists to strategic advisors

ThomsonReuters

Corporate indirect tax professionals have been told for years that they can garner more influence and respect within their organizations by transitioning the indirect tax function from a purely compliance-oriented activity to a strategic advisory role. Understanding the strategic relationship between departments.

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CEOs Can View Operational Resilience as an Advantage

CPA Practice

The report by The Conference Board, developed in collaboration with Agility Recovery and Preparis, recommends that CEOs should take this opportunity to ensure the company has a consistent view of the risks it faces and its state of resilience.