ThomsonReuters

JANUARY 12, 2023

If you work in the professional services sector, you’re well aware of the rise of automation. For those of us in the tax and accounting profession, we’ve witnessed the amazing time savings and efficiency automation can bring—and audit is no exception. . The same holds true for audit technology. .

Technology 52

Technology audit auditor Tax 52

Cherry Bekaert

MAY 26, 2023

As organizations continue to rely on technology to achieve their business objectives, information technology (IT) risks continue to evolve, becoming increasingly complex and challenging to many organizations. While these technologies offer numerous benefits, they also introduce new IT risks that organizations must plan for and manage.

Technology 92

Technology audit auditor Legal 92

CPA Practice

SEPTEMBER 12, 2023

The fourteenth annual Sarbanes-Oxley (SOX) Compliance Survey , conducted by global consulting firm Protiviti, has found that 74% of organizations are seeking opportunities to further enable automation, while 58% reported an increase in hours spent on SOX compliance in the last year. Otherwise, they will struggle to reap the benefits.

Technology 112

Technology audit auditor Government 112

CPA Practice

MARCH 4, 2024

Auditors, like so many others today, are seizing the opportunity to transform how they work by adopting artificial intelligence. The auditor’s human judgment sits at the center of the process, as they use AI to augment their work and elevate the value they can deliver to their clients. By Richard J.

auditor 69

auditor audit general ledger Technology 69

CPA Practice

JULY 9, 2023

the developer of the award-winning cloud-based audit automation platform, has announced aquired Advantage Audit from John Wiley & Sons, Inc. Advantage Audit is an audit planning aid and audit program series designed to help auditors comply with risk-based professional standards in a straightforward and efficient manner.

audit 111

audit auditor Technology financial statements 111

ThomsonReuters

MARCH 16, 2023

There are two forces within an audit team: senior staff and junior staff. For audit team leaders, both are extremely important and bring to the table unique sets of experiences and skillsets that are needed for a modern audit. T he modern auditor must bridge the gap between business insights and innovative technology.

Technology 59

Technology audit auditor Maine 59

ThomsonReuters

APRIL 19, 2023

The accounting and audit profession is undergoing significant changes as a result of the rapid advancement of technology. While some have expressed concerns that automation may replace human auditors, the reality is that technology is here to enhance the profession rather than replace it.

audit 105

audit Technology auditor Start-ups 105

ThomsonReuters

DECEMBER 8, 2023

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.

audit 98

audit auditor financial statements Technology 98

ThomsonReuters

JUNE 28, 2023

In a rapidly changing and increasingly competitive business environment, it is essential for audit firms to stay ahead of the curve and remain competitive. What is the role of innovation in auditing? Innovation is a crucial element of any successful business, and the auditing process is no exception.

audit 98

audit Technology auditor Start-ups 98

CPA Practice

FEBRUARY 9, 2023

AuditClub, the Audit Service Center, and AuditFile, developer of the award-winning cloud-based audit automation platform, will collaborate to combine audit technology with fractional auditors to ease the challenges faced by CPA firms and internal audit teams in performing audits and reviews.

audit 105

audit auditor cpa firm CPA 105

CPA Practice

MARCH 27, 2024

By Gopal Ratnam, CQ-Roll Call (TNS) The National Telecommunications and Information Administration on Wednesday issued a report calling for establishing a system of audits for artificial intelligence systems that would ensure transparency as well as hold tech companies accountable for potential risks and harms. and Josh Hawley, R-Mo.,

audit 85

audit E-commerce Account accountant 85

CPA Practice

JANUARY 23, 2023

With markets changing and capital becoming more constrained by the day, there is a rapidly heightened awareness of the role that due diligence and audits play. Getting there will require not only new technologies — but new approaches to human capital as well, but both are beginning to emerge just at the right time. By Tod McDonald.

audit 124

audit auditor forensic accounting Technology 124

CPA Practice

JANUARY 4, 2024

The automation platform DataSnipper has partnered with on-demand accounting data provider Validis to offer auditors a seamless end-to-end audit testing process. DataSnipper, when integrated with Validis, delivers one audit test workflow to drive significant audit quality and efficiency.

audit 52

audit auditor Technology Account 52

Accounting Today

MARCH 7, 2024

Just as tired pilots and crew members pose risks to flight safety, auditors fatigued from excessive workloads compromise the quality and reliability of audits.

auditor 69

auditor audit Technology 69

CPA Practice

DECEMBER 2, 2023

an award-winning provider of cloud-based audit solutions, has added three new modules to its flagship product, Advantage Audit AI. Advantage Audit AI leverages a patented artificial intelligence engine to optimize and automate the auditing process. AuditFile, Inc., For more information, visit [link].

audit 69

audit Technology auditor cpas 69

Going Concern

DECEMBER 15, 2023

As reported by Canadian Accountant, PwC Canada has already paid Canadian and US audit regulators more than one million dollars in fines, after disclosing widespread sharing of answers by its accountants on internal training tests. Market studies would help drive improvements in the audit market, the FRC said.

audit 109

audit Technology accounting and finance Legal 109

CPA Practice

JUNE 29, 2023

Technologists Randy Johnston and Brian Tankersley, CPA, discuss technology trends for audits. Welcome to Technology Lab. Now, Brian claims that he is a recovering auditor, I don’t think you ever get audit blood out of yourself at least listening to him, that’s for sure. Use the podcast player below to listen.

Technology 52

Technology audit general ledger Start-ups 52

CPA Practice

OCTOBER 10, 2023

However, as tax regulations become more intricate and audit scrutiny intensifies, the demand for accurate tax preparation continues to grow, adding pressure to tax practitioners. Over the past two years, more than 300,000 accountants and auditors have left their positions, marking a 17% decline from the peak of the profession a few years ago.

Technology 105

Technology accounting firms Account accountant 105

Accounting Insight

FEBRUARY 6, 2024

Audit firms struggling to build teams with diverse skill sets that can deliver the audit of the future Investing in technology is a key priority for accounting firms as they move into 2024, while mitigating the ongoing talent shortage and keeping pace with new laws continue to cause challenges for many within the profession.

Technology 45

Technology accounting firms audit Account 45

Going Concern

MARCH 31, 2023

auditors who believe their part of the firm could end up weakened by a deal. EY executives, have emerged as key opponents to the firm’s plan for a worldwide split of its auditing and consulting arms, according to people familiar with the matter. John King and Frank Mahoney, senior U.S. He previously held various tax roles at KPMG.

auditor 104

auditor audit Virginia Technology 104

CPA Practice

DECEMBER 1, 2023

Technologists Randy Johnston and Brian Tankersley, CPA, discuss TeamMate Document Linker for External Audit, a solution from Wolters Kluwer designed for CPAs, saving junior auditors time, strengthening audit quality, and improving auditor satisfaction. Welcome to Technology Lab. SPEAKERS Randy Johnston, Brian F.

Technology 98

Technology auditor audit CPA 98

Menzies

DECEMBER 6, 2023

Importance of an Audit A lot of business owners think audits are much of a muchness, however their quality can vary significantly. The annual audit is occasionally considered as a commodity purchase. Financial reporting council (FRC) The FRC is planning to tighten its ethical standards further to improve audit quality.

audit 52

audit auditor accounting and finance chartered accountant 52

CPA Practice

JANUARY 17, 2023

Eide Bailly sees risk awareness driving growth in sales tax automation. which enabled states to implement economic nexus laws, businesses continue to discover, sometimes through painful audits, that they have unaddressed tax obligations. Auditors are becoming more active. Nearly five years following the U.S. Wayfair, Inc.,

Technology 98

Technology Sales Tax South Dakota 98

ThomsonReuters

JUNE 9, 2023

In today’s rapidly changing business environment, firms need to stay on top of their audit compliance. As disruptive technologies and new regulations are constantly emerging, it can be difficult for businesses to remain compliant. How do you ensure audit compliance? What are the steps to establishing an audit engagement process?

audit 98

audit Non-Profits Technology auditor 98

CPA Practice

APRIL 7, 2023

In 2021, there was a 17 percent drop in employed accountants and auditors from a 2019 peak, according to a Bloomberg Tax analysis. Nearly every financial decision is tied to a financial report, and with many deadlines approaching for annual and quarterly financial statement filings, there’s a pressing need for audited financial statements.

accounting firms 139

accounting firms CPA Technology Account 139

CPA Practice

FEBRUARY 6, 2024

Investing in technology is a key priority for accounting firms as they move into 2024, while m itigating the ongoing talent shortage and keeping pace with new laws continue to cause challenges for many within the profession. Caseware explores worldwide perspectives within the accounting and audit professions annually.

accounting firms 64

accounting firms Technology Account accountant 64

ThomsonReuters

MAY 12, 2022

What triggers a sales tax audit and how do you reduce the risk of an audit? Almost all companies undergo a sales tax audit at some point. This sales tax audit guide can help indirect tax teams avoid common audit triggers and manage the sales tax audit as smoothly as possible. What is a sales tax audit?

audit 105

audit Sales Tax auditor 105

CPA Practice

APRIL 3, 2023

In 2021, there was a 17 percent drop in employed accountants and auditors from a 2019 peak, according to a Bloomberg Tax analysis. Nearly every financial decision is tied to a financial report, and with many deadlines approaching for annual and quarterly financial statement filings, there’s a pressing need for audited financial statements.

accounting firms 135

accounting firms CPA Technology Account 135

ThomsonReuters

JANUARY 20, 2023

Firms are now turning to audit talent with new skillsets to help them navigate new challenges. New paths for audit talent It isn’t news that the rise of technology caused dramatic changes in the audit profession. More than ever before, today’s audit talent needs more than technical skills.

audit 59

audit auditor Technology CPA 59

CPA Practice

OCTOBER 31, 2023

According to the EEOC, employers are using automated systems (including those with A.I.) 2023, A7859 ) have pending legislation regarding the use of automated tools in hiring decisions. Should human resource and payroll departments be represented for internal/external audits? For example, the “No Robot Bosses Act of 2023” ( L.

Legal 116

Legal audit payroll Technology 116

Ryan Lazanis

MAY 24, 2023

Here is my complete guide to emerging accounting technologies for 2023. In this guide, you’ll learn about the top accounting technology in the profession along with some tips and tricks on how to leverage them. So if you’re looking to leverage software to automate your accounting work, you’ll love this guide.

Technology 98

Technology Account accountant accounted 98

Going Concern

SEPTEMBER 22, 2023

People Ken Miller set to retire after more than three decades of service [ Virginia Tech ] After more than 35 years of dedicated service to Virginia Tech, Ken Miller has announced his retirement. The 2023 Forum on Auditing in the Small Business Environment and on Auditing Broker-Dealers is set for Oct.

audit 99

audit accounting and finance Virginia auditor 99

ThomsonReuters

JANUARY 12, 2023

The primary role of an accountant is to handle a variety of tasks including tax preparation, financial planning and audits. . With advanced technology shifting the way accountants work, many are looking to expand into specialized services that can give them a leg up on the competition. Let’s start from the beginning. .

audit 59

audit auditor Account accountant 59

CPA Practice

APRIL 30, 2024

When you incorporate predictive analytics, generative AI and other advanced technologies into everyday workflows at your CPA firm, you are taking on much more than a technology upgrade. By Steve Saah. However, you don’t have to wait for tomorrow to realize the benefits of AI adoption.

Technology 52

Technology CPA cpa firm accounting and finance 52

TaxConnex

FEBRUARY 27, 2024

For respondents, the staffing struggle also meant curtailing business growth (19.23%), more errors in sales tax calculation (17.58%), more frustration from existing staff (21.43%) and, perhaps scariest, a growing lack of confidence in being prepared for an audit (22.53%). million accountants and auditors in the U.S. There were about 1.65

Sales 222

Sales Tax Account accountant 222

CPA Practice

MAY 22, 2023

Audit partners are pessimistic about the outlook for the U.S. businesses continue to face inflation, cybersecurity risks, and increased regulation, according to the Center for Audit Quality (CAQ’s), Audit Partner Pulse Survey , a biannual survey of US public company audit partners. economy as U.S. Rather, U.S.

audit 98

audit Technology Government Account 98

ThomsonReuters

JANUARY 12, 2023

Amidst a complex audit environment, today’s accountants have many opportunities to take advantage of technology and specialize in up-and-coming focus areas. One of these specialties is ESG audits. . What is an ESG audit? Like any audit, ESG audits can be internal or external. Who performs an ESG audit?

audit 52

audit auditor Technology Government 52