Going Concern

APRIL 1, 2022

ARB’s auditor Messrs BDO voluntarily resigns after failure to reach agreement on proposed increase of audit fees [ The Edge ] Expect to see a lot of this going forward: ARB Bhd on Friday (April 1) announced its auditor Messrs BDO PLT (BDO) has voluntarily resigned. Chinese and U.S.

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CPA Practice

DECEMBER 11, 2023

Source: [link] Enhanced Financial Reporting and Auditing : AI will improve financial reporting and auditing processes. AI-powered algorithms will analyze large datasets and identify anomalies and potential risks more precisely, leading to more accurate and reliable financial statements.

Technology 124

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Snyder

NOVEMBER 22, 2022

Simplify accounting job with accounting software. The benefits you’ll receive with accounting software. Basic accounting and its secrets. The definition of accounting sounds pretty simple: it’s a process of recording every transaction happening in your business. The Fantastic Four of accounting.

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Ryan Lazanis

NOVEMBER 9, 2022

Some parts might need automation, but overall accounting jobs will still require a human being in order to properly do the task. It’s no longer a question of “will accounting be automated”, but more a question of “how much” 8 Benefits of Accounting Automation.

Technology 98

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ThomsonReuters

JANUARY 18, 2024

Additionally, depending on the type of firm, accountants may be involved in more advisory-centric responsibilities, such as analyzing financial data and providing clients with strategic guidance and recommendations on how to reduce costs and boost profitability. Accountant vs. CPA vs. tax preparer: What are the differences?

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Accounting Seed

MARCH 29, 2023

However, a flexible accounting system will provide for other groupings. A historical aging report is used for audit purposes. Street Definition A report that showed which customers you should have firebombed for not paying at the end of a specific Accounting Period. A historical aging report is used for audit purposes.

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Going Concern

JANUARY 20, 2023

Practice Management How firms use stay interviews to boost retention [ Journal of Accountancy ] Job interviews have long been an essential part of the hiring process. But now, some public accounting firms are turning the lens on themselves.

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Going Concern

JUNE 14, 2024

The move has caused ructions within the accounting and consulting firm, with one senior figure familiar with the discussions saying that while the issue has not yet risen to the level of “tensions”, it is regarded by some within the network as a “problem”.

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Going Concern

NOVEMBER 3, 2023

How will AI affect accounting jobs? Thomson Reuters ] While 51% of accounting professionals believe that ChatGPT and generative AI should be applied to tax, accounting, and audit work, opinions are divided about the usefulness of AI tools. I think I was 26 years old,” he added.

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Going Concern

MAY 27, 2025

More than two decades ago we blew the whistle at Enron and WorldCom, industry giants whose spectacular falls revealed two of the largest accounting fraud scandals in American history. The proportion of audits requiring significant improvements remained stable at 10%, the report said. We know the destruction that fraud causes.

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