article thumbnail

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.

audit 174
article thumbnail

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.

audit 59
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Marketing for accounting firms: individuals vs. small businesses

ThomsonReuters

You can do this online through blogs, white papers, webinars, and podcasts, or offline through speaking engagements and networking opportunities. Use case studies, white papers, and other educational content for marketing purposes. Prevent audits. You can also offer your help if they get audited by the IRS.

article thumbnail

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. – Thomson Reuters: Can indirect tax automation help businesses that have paid significant amounts under audit recently or on a recurring basis, or are consistently filing refund claims?

article thumbnail

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. This is especially true in accounting and finance roles. Through this newfound efficiency, in-house tax teams can speed up the financial close process, improve audit readiness, and ultimately save both time and money. The time to act is now.

article thumbnail

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.

article thumbnail

7 Ways Traditional FP&A is Being Challenged by Data

Anders CPA

Finance teams tend to get stuck in the world of spreadsheets and struggle with fragmented information. Then, once or twice a year, you’re in a mad rush to reconcile all of this and figure out what you did wrong – or what you must do to pass an audit or do your taxes. #2: Download our Next-Generation FP&A White Paper.