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The accountant's advantage over technology in fraud prevention

Accounting Today

According to the Association of Certified Fraud Examiners 2024 Report to the Nations , 29% of fraud cases occur due to a lack of internal controls. All rights reserved. EDT 2 Min Read Facebook Twitter LinkedIn Email Fraud drains billions of dollars from businesses annually, affecting economies around the world.

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Is your firm overpaying for external hires?

Accounting Today

My firms compensation data, collected in 2024 and 2025, shows that accounting firms paid 7% more to bring in outside senior analysts in tax and audit than they paid internal staff in the same positions. All rights reserved. And the spread grew to 8.6% for first-year managers.

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Navigating political changes in the evolving tax landscape

ThomsonReuters

Jump to ↓ The current tax landscape Democratic and Republican Party tax plans Strategic planning amidst tax uncertainty In today’s dynamic political and economic environment, understanding the intricacies of tax policy has become more crucial than ever. election promises further potential shifts.

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Mississippi, Texas storm victims get tax relief

Accounting Today

The current list of eligible localities is on the IRS Tax Relief in Disaster Situations page.) 3 deadline for both states applies to individual income tax returns and payments normally due on April 15, 2025. All rights reserved.

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Broker-dealer audit deficiency rates remain high

Accounting Today

In the 2024 edition of its annual report on broker-dealer audits, the PCAOB found a slight improvement across firms examination engagements year over year. All rights reserved. It found at least one deficiency in 17 (59%) of the 29 examination engagements it reviewed, a decrease of two from 2023.

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The tax department renaissance: Talent shifts and technology innovations

ThomsonReuters

← Blog home The 2024 State of the Corporate Tax Department report by the Thomson Reuters Institute, in collaboration with tax executives, highlights the challenges and opportunities facing tax departments today. Read the full Thomson Reuters Institue 2024 Corporate Tax report.

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Streamlining document security and workflow in accounting

Accounting Today

million in 2024 , this has never been a more pressing issue. All rights reserved. Document security in accounting encompasses protocols for safeguarding records against unauthorized access, data breaches and loss. And with the average cost of data breaches reaching an all time high of $4.88