ThomsonReuters

JULY 25, 2023

A recent article from Thomson Reuters, “ Baker Tilly’s Michele Donohue Makes the case for Automation in Tax Practice ,” discusses the benefits of automation in tax practice, as well as the role of artificial intelligence. Let’s take a look.

tax preparation 98

tax preparation Technology Tax accounting firms 98

ThomsonReuters

APRIL 30, 2024

In the world of accounting audits, accuracy and completeness are paramount. Auditors rely on data review to ensure the reliability and integrity of financial statements. This is where technology can help. Trend analysis and predictive analytics provide insights into financial performance and future outcomes.

auditor 52

auditor audit Technology financial statements 52

CPA Practice

APRIL 7, 2023

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. Technology also gives staff real-time access to their data, from anywhere at any time.

accounting firms 139

accounting firms CPA Technology Account 139

CPA Practice

APRIL 3, 2023

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. Technology also gives staff real-time access to their data, from anywhere at any time.

accounting firms 135

accounting firms CPA Technology Account 135

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. Meanwhile, generative AI is fast becoming a go-to tool for teams responsible for creating financial reports, tax documentation and more.

Technology 52

Technology CPA cpa firm accounting and finance 52

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. Financial statements (i.e.,

audit 59

audit auditor Account accountant 59

CPA Practice

JANUARY 17, 2024

By Ane Ohm, LeaseCrunch As we step into 2024, it’s crystal clear: leveraging technology and software is an absolute must for any organization eyeing substantial growth. Auditing information spread across multiple sheets becomes laborious and prone to human error.

Technology 59

Technology Account accountant accounted 59

ThomsonReuters

JULY 8, 2021

The good news is technology can now support consistent, accurate, automated global reporting and alleviate local issues related to language translation and country-specific tax rules, document formats and filing requirements, and generally accepted accounting principles. _. Support comprehensive audit trails.

Technology 98

Technology accounting and finance general ledger accounting principles 98

MyIRSRelief

APRIL 29, 2024

These firms understand the unique challenges faced by LA’s diverse entrepreneurial landscape, from tech startups in Venice Beach to established family-run restaurants in Koreatown. Technology and Innovation: LA’s tech scene is booming, with startups and established companies developing cutting-edge solutions.

Tax 130

Tax bookkeeping Account accountant 130

ThomsonReuters

JANUARY 8, 2024

Automation of routine tasks One of the most significant ways AI has revolutionized the tax and accounting profession is through the automation of routine tasks. However, with the advent of AI-powered software, these tasks can now be automated, freeing up valuable time for professionals to focus on higher-value activities.

Tax 101

Tax Account accountant accounted 101

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 85

audit accounting and finance Virginia auditor 85

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

Cherry Bekaert

MAY 11, 2023

Protecting Your Start-up Begins With Understanding Your Business’s Risks Technology companies in the start-up stage have a seemingly never-ending list of to-dos to ensure business success. So, what can early-stage technology companies do now to protect themselves for the future?

Technology 98

Technology Non-Profits payroll tax payroll 98

SkagitCountyTaxServices

MARCH 15, 2023

To keep your business operating optimally, you have to prioritize regularly checking in on the state of affairs — especially the financial side of things. One way to do that: the continuous audit. But one of the last things tech can do, if ever, is change the ownership’s mindset about a business process like auditing.

audit 52

audit auditor Technology financial statements 52

ThomsonReuters

SEPTEMBER 19, 2023

When it comes to the tax and accounting space, AI can essentially do the work of a human professional in preparing an individual’s tax returns or auditing a business of virtually any size. Automation of repetitive tasks. ” The post AI and job security: Will technology replace tax professionals? Scary, right?

Technology 52

Technology Tax tax preparation tax return 52

Going Concern

NOVEMBER 6, 2023

The industry-first exercise will combine the consulting, risk, tech consulting, and deal advisory practices of the three regions of the consulting giant into KPMG India, the people said. In 2018, Veritas Capital, which invests in businesses at the intersection of government and technology, acquired the U.S.

audit 90

audit Account accountant accounted 90

Accounting Insight

NOVEMBER 29, 2022

Accounts payable automation, also known as AP automation or invoicing automation, is the process of automating accounts payable processes and activities while collecting the critical data required to make smart decisions, improve efficiency, and grow your business. Reconciling bank statements. As real-time?

Accounts Payable Automation 52

Accounts Payable Automation accounts payable Technology accounting firms 52

ThomsonReuters

OCTOBER 24, 2023

One of the biggest challenges facing the the tax profession today is the increasing amount of data that must be processed to prepare financial statements. With the right technologies in place, they can improve efficiencies, mitigate risk, better serve internal stakeholders, and ultimately drive greater profitability.

Technology 52

Technology Tax corporation tax accounting and finance 52

Going Concern

FEBRUARY 27, 2023

“IRS tech is so ‘archaic’ the agency struggles to find people to work it” from The Washington Post : The Internal Revenue Service, which funds nearly everything the federal government does, uses information technology that is creaking with old age. Yet that is what the IRS deals with every day.” Go forth and account.

Technology 100

Technology Account accountant accounted 100

CPA Practice

OCTOBER 23, 2023

Time saved on financial processes and reporting One way to easily show value to clients is to show how much time is being saved on administrative-level work by implementing new technologies, with AI capabilities. Firms can use technology to help automate financial processes and reporting.

Technology 115

Technology audit Expense Management CPA 115

CPA Practice

SEPTEMBER 28, 2023

Transcript (Note: There may be typos due to automated transcription errors. Randy Johnston 00:04 Welcome to the Technology Lab. Tankersley, CPA.CITP, CGMA 02:11 You know, I think that just like we’ve seen a lot of technology automation that’s come out for tax people. Use the podcast player below to listen.

Technology 52

Technology accounting software general ledger Account 52

ThomsonReuters

JANUARY 12, 2023

When it comes to cryptocurrency, there are many unknowns around accounting, audit and assurance. This means that crypto audits will certainly be on the rise. . So, what can accountants do to prepare for crypto audits? . Understand crypto technology. AICPA SOC 1 & 2 audited tax software.

audit 52

audit tax preparation Technology tax planning 52

CPA Practice

MARCH 4, 2024

In a recent EY survey , only 19% of the 500 accounting and science, technology, engineering and math (STEM) students surveyed said they believed AI would enable professionals to focus their efforts on judgment and higher-level thinking. The auditor-driven, AI-enabled digital audit Historically, auditors sampled client data manually.

auditor 69

auditor audit general ledger Technology 69

CPA Practice

DECEMBER 11, 2023

A Top Technology Initiative Article – Dec. As we enter 2024, it’s natural to wonder what the future holds for this transformative emerging technology, especially for accountants. As we enter 2024, it’s natural to wonder what the future holds for this transformative emerging technology, especially for accountants.

Technology 124

Technology audit E-commerce accounting principles 124

CPA Practice

DECEMBER 19, 2023

This guide aims to demystify AI for small accounting firms, providing actionable insights into adopting this transformative technology to enhance efficiency, accuracy and value in your services. It’s about leveraging technology to amplify the capabilities and productivity of your accountants and staff.

accounting firms 124

accounting firms Account accountant accounted 124

CPA Practice

JUNE 30, 2023

developer of the award-winning cloud-based audit automation platform, has announced that an integration with Microsoft Azure OpenAI is generally available to AuditFile users. Tailored specifically for accounting professionals, this technology assists users in all attest areas. AuditFile, Inc.,

Technology 52

Technology audit auditor financial statements 52

ThomsonReuters

APRIL 5, 2024

This helps mitigate potential risks, optimize tax strategies, and enhance overall financial performance. Furthermore, interim tax reporting contributes to the accuracy and reliability of financial statements. This process enhances the clarity of the reporting and facilitates easy auditing.

Tax 68

Tax income tax financial statements accounting standards 68

CPA Practice

FEBRUARY 19, 2024

Schell is well-versed in generally accepted accounting practices (GAAP) and generally accepted auditing standards (GAAS), advising C-suite and governing boards, along with other business stakeholders, on a range of compliance risks, accounting pronouncements, audit observations, and technology and process automation.

New Hampshire 64

New Hampshire audit accounting and finance Non-Profits 64

CPA Practice

AUGUST 22, 2023

The advanced reasoning capabilities of GenAI models enable billing teams to automate matching between documents (Order Form / Purchase Order) and/or document against system data (Salesforce CPQ fields / Purchase Order). This results in an amount of risk that can result in a material misstatement in their financial statements.

Account 98

Account accountant accounted NetSuite 98

ThomsonReuters

JUNE 28, 2023

This includes ESG audit support that verifies the effectiveness of controls, as well as activities that identify gaps, assess risks, and develop a recommended plan of action. By helping your clients identify concrete targets that can be measured, you can ensure that their ESG data is practical, auditable, and meaningful.

Tax 98

Tax auditor audit Technology 98

ThomsonReuters

DECEMBER 8, 2023

As technology has evolved, so too has the accounting profession. Generative AI is a type of artificial intelligence technology that can produce various types of content, including text, imagery, and audio. Further, AI enhances the accuracy of financial reporting by reducing the risk of human error. Audit automation.

Account 108

Account accountant accounted Technology 108

Basis 365

FEBRUARY 1, 2024

Whether you're a small startup or a seasoned enterprise, building an optimal accounting system requires careful planning, strategic technology integration, and unwavering commitment to financial discipline. Automated workflows expedite invoice processing and expense reimbursements. Trust only goes so far.

accounting system 59

accounting system Account accountant accounted 59

Going Concern

FEBRUARY 9, 2024

Three of the firms also joined industry efforts to designate accounting as a science, technology, engineering, and math—or STEM—field, according to federal lobbying disclosures. The majority are now using automation for at least some of their operations and this will grow as tech becomes more user intuitive and available.

Technology 82

Technology Colorado audit cpa firm 82

KROST

JULY 15, 2021

The Technology Issue highlights some of the hot topics in the technology industry including Client Accounting Services (CAS), Nonfungible Tokens, the Effect of Upcoming Changes to IRC Section 174 on the Software Development Industry, and more. KROST’s Technology Team: Industry Group Leader – Paren Knadjian, Practice Leader.

Technology 52

Technology CPA Real Estate accounting and finance 52

Going Concern

JULY 28, 2023

Nonetheless, Fulton knowingly laundered Nix’s illegal gambling proceeds by continuing to provide financial services to Nix and providing access to the financial system. “We got this outcome because: we identified US tech two years ago as representing a significant (at least for controversy!) since 2007.

Gambling 82

Gambling audit Technology accounting firms 82

Ryan Lazanis

APRIL 18, 2023

AI in accounting refers to the use of artificial intelligence (AI) technologies, such as machine learning algorithms and natural language processing, to automate and enhance various accounting processes. This includes tasks such as financial reporting, audit and compliance, fraud detection, and data analysis.

Account 96

Account accountant accounted Technology 96

CPA Practice

FEBRUARY 1, 2024

Schell is well-versed in generally accepted accounting practices (GAAP) and generally accepted auditing standards (GAAS), advising C-suite and governing boards, along with other business stakeholders, on a range of compliance risks, accounting pronouncements, audit observations, and technology and process automation.

New Hampshire 52

New Hampshire audit accounting and finance Non-Profits 52