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The power of Assisted Decision Making in Thomson Reuters Cloud Audit Suite

ThomsonReuters

Jump to: How AI is transforming audit AI-Assisted Decision Making in Thomson Reuters Cloud Audit Suite Ready to transform audit? How AI is transforming audit Traditionally, auditors have heavily relied on manual processes to uncover risk in financial statements and business operations.

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Free Knowledge Growth Webinars

Withum

I am scheduled to present four free webinars primarily for CPAs, but anyone in business that uses financial statements might also find them interesting and insightful. Also, I am presenting an IRA/401k webinar for the general public and not accountants or tax professionals. – Financial Statement Myths.

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SAS 145 early guidance: Enhancing audit quality through improved documentation and skeptical analysis

ThomsonReuters

In this second post, we’ll dig into ensuring audit quality. Specifically, we’ll look at the need for auditors to maintain professional skepticism and document their work thoroughly to improve audit effectiveness and efficiency. In other words, how did the auditor identify a risk of material misstatement?

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Monday Morning Accounting News Brief: Details on Grant Thornton’s PE Deal; What Is ‘Presented Fairly’ Anyway? | 5.13.24

Going Concern

On June 4, Cherry Bekaert is holding a Employee Retention Credit updates webinar. We have further clarified that this responsibility provides the foundation for an objective and independent audit. She’s spent more than two decades at AT&T, steadily working her way up to the C-suite from a role as an accounting manager.

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Taking a closer look at risk assessment under SAS 145

ThomsonReuters

At the core of every audit is the identification and assessment of risks of material misstatement, which is critical given the potential impact on a company’s financial position. It also revises the definition of significant risk so that auditors will be focused on where the risks lie on a spectrum of inherent risk.

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Monday Morning Accounting News Brief: Fear and Loathing at KPMG; FASB? More Like SLOWB; EY, Esq. | 10.31.22

Going Concern

The story is behind a paywall but Law.com says that during a recent Law.com webinar, EY global law leader Cornelius Grossmann said a new EY company, split from its audit business, would focus on largescale clients and projects that are multidisciplinary in nature, with legal services being a key—but not dominant—component.

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How will AI affect accounting jobs?

ThomsonReuters

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. Webinar Discover how generative AI is changing the accounting industry in a new webinar. What is AI automating in accounting?