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The new breed of audit

TaxConnex

Usually, you learn about an audit through a notice or letter from the state or jurisdiction in question with instructions on how the audit will proceed. Many audits are conducted remotely, and an auditor never visits your office. Fear and perception of audits are as tangible as the real examinations. Fear and loathing.

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Ensuring Climate ESG Auditing Excellence: How Your Trusted Accounting Partner Makes the Difference

Withum

Now, regulations, investors and other stakeholders want companies to prove their ESG and climate information is accurate and reliable through audits and assurance. This experience puts them at the top of most companies’ list when considering a firm to perform the third-party audit of their ESG and climate reporting.

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Marketing for accounting firms: individuals vs. small businesses

ThomsonReuters

the potential market available to tax and accounting firms is massive. How to market tax and accounting services. People search online for products and services, including accounting services. A better approach is to build a reputation as an accounting expert. With more than 144.3 million individual taxpayers and 31.7

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Should you consider an automated indirect tax system? 9 key questions to ask

ThomsonReuters

And even if the project gets approved, cross-departmental discussions and support – from accounts payable, procurement, finance, IT, etc. – Wing: Companies that have multiple business systems for billing, purchasing, payroll, and accounting typically got there by stitching piecemeal legacy systems and departments together over time.

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The tortured journey of data: How tax technology speeds up tax compliance, provision, and reporting

ThomsonReuters

Data is king in today’s fast-paced world of finance and tax. In addition, as businesses become more globalized, accountants must be able to account for transactions in multiple currencies,” wrote Benjamin Wann, owner of Asheville, N.C. accounting software, payroll, etc.) based CFO Consultants, in a blog post.

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5 steps to win a business case for an indirect tax technology solution

ThomsonReuters

First, something bad happened — for example, a negative audit, penalties — which raised awareness that time was being wasted on correcting errors, or that pressure from tax authorities to digitize had to be taken seriously. Some other recommendations from respondents: Have a senior sponsor in both Finance and IT.

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7 Ways Traditional FP&A is Being Challenged by Data

Anders CPA

Accounting data, just like data in almost any other context, is a beast that you end up spending a lot of time manually fighting with in order to get any value from it. Finance teams tend to get stuck in the world of spreadsheets and struggle with fragmented information. 1: Excessive Data Availability is Paralyzing.