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Tokenization: Transforming Finance and Elevating the Role of Accounting and Audits

Withum

As tokenization gains momentum, the role of accounting and audits becomes increasingly vital in ensuring transparency, accountability, and trust in these emerging technologies. Every token transfer and ownership change is recorded transparently, creating a comprehensive audit trail.

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The Auditor’s Opinion

Withum

Audited financial statements are a cornerstone of the financial markets. Tonight I will conduct my second Auditing class session of this semester at Fairleigh Dickinson University, and I will be teaching what the auditor’s opinion means and what auditors do to arrive at their opinion. They must be registered with the PCAOB.

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Monday Morning Accounting News Brief: EY Morale Is Suffering After Layoffs; Ignoring Audit Quality? | 3.11.24

Going Concern

PwC, an accounting firm formerly known as PricewaterhouseCoopers, tabulates the votes for the Academy Awards. Instead, this election will bring with it one of the most coveted jobs in audit land — the head of the UK arm of accountancy giant PwC, which has kicked off the process to find a successor to its current chief, Kevin Ellis.

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Your Firm and Your AI Future

CPA Practice

Source: [link] Enhanced Financial Reporting and Auditing : AI will improve financial reporting and auditing processes. Additionally, AI will automate audit procedures, improving efficiency and reducing the risk of human error. AI can also reduce errors and improve efficiency, leading to cost savings for accounting firms.

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How firms can create inclusive workplaces to retain LGBTQ+ accountants

ThomsonReuters

Perceived lack of support driving exodus of LGBTQ+ accountants Firms are seeing a higher attrition rate among LGBTQ+ accountants, with the research indicating that as high as 20 percent of departing professionals left the industry due to a lack of DEI.

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AICPA News – Sept 2023

CPA Practice

AICPA News is a roundup of recent announcements from the American Institute of Certified Public Accountants. The practice aid, Accounting for and Auditing of Digital Assets , is intended to provide nonauthoritative guidance on how to account for and audit digital assets under U.S.

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The Importance of an Accurate Balance Sheet

Basis 365

If you need to have a financial statement audit done, think you will need a financial statement audit in the future, will be attempting to raise significant funding, or plan to exit your business, you will want to ensure that your financial statements are prepared by following generally accepted accounting principles (GAAP).