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

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 125

audit auditor forensic accounting Technology 125

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

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

Going Concern

MARCH 8, 2024

Audit SEC Settlement Against Auditing Firm Serves as Reminder of Important Independence Rules [ JD Supra ] On February 29, the Securities and Exchange Commission (the SEC) announced that it settled an administrative proceeding against Lordstown Motors Corps’ former auditor, Clark Schaefer Hackett and Co.

audit 82

audit auditor New York Legal 82

ThomsonReuters

APRIL 6, 2023

If you are an accountant working within accounts payable, chances are you’ve got an interest in automation. Automation is key to improve the accounts payable process. An integration automation solution can also streamline the accounts receivable process. What is accounts payable automation?

Accounts Payable Automation 59

Accounts Payable Automation accounts payable Technology Account 59

ThomsonReuters

NOVEMBER 8, 2022

As companies emerge from the COVID-19 pandemic and face subsequent challenges resulting from The Great Resignation, technology has emerged as a necessity for small and large businesses alike. What is accounting technology? . technology?is?the Today, technology has impacted accounting firms in a positive way. Accounting?technology?is?the

Technology 94

Technology Account accountant accounted 94

CPA Practice

DECEMBER 29, 2023

Randy Johnston and Brian Tankersley, CPA, talk about the technology changes and new products they expect to see in the coming year. Transcript (Note: There may be typos due to automated transcription errors.) Intro: Welcome to the technology lab presented by CPA Practice Advisor with your hosts, Randy Johnston and Brian Tankersley.

Technology 59

Technology quickbooks cpa firm CPA 59

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

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

OCTOBER 31, 2023

Usage of the Dynamic Audit Solution continues to grow at a strong pace, with firms having created over 1,000 engagements on the fully integrated, cloud-based solution from the AICPA, CPA.com and Caseware since it launched commercially this past summer. We’re really excited about how that’s going to impact our audit practice.”

audit 40

audit auditor Technology financial statements 40

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

Going Concern

MAY 24, 2024

[link] pic.twitter.com/yegGRtXHFN — Going Concern (@going_concern) May 23, 2024 News PwC faces crisis in China over audit of failed property giant Evergrande [ Financial Times ] The Ls just don’t stop for PwC. However, it was announced to partners at a meeting on Tuesday that Shaw had triumphed in a five-candidate race.

audit 74

audit auditor accounting and finance accounting firms 74

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

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

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 94

audit accounting and finance Virginia auditor 94

ThomsonReuters

SEPTEMBER 18, 2023

Jump to: Laying the foundation for remote audit work Tools that enable remote audit work Maximizing remote audit capabilities Like many facets of tax and accounting, auditing has undergone a significant transformation in recent years driven by rapid advancements in technology.

audit 52

audit auditor Technology financial statements 52

Ryan Lazanis

NOVEMBER 9, 2022

This is my complete guide to accounting automation in 2023. So if you want to: Learn the 8 benefits of automated accounting. Save time by automating your accounting processes. Automate all 15 areas of your accounting. Find out the latest tools to help you streamline and automate your work. Let’s get started.

Technology 98

Technology Account accountant accounted 98

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

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 99

audit Account accountant accounted 99

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

Going Concern

JANUARY 20, 2023

“If you just read the headlines around what’s going on, you might think, there’s all kinds of people who know technology out there,” Carmine Di Sibio told Bloomberg in an interview at the World Economic Forum in Davos. But that doesn’t appear to be the case.

auditor 97

auditor Technology audit financial statements 97

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 104

Technology Account accountant accounted 104

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

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

Going Concern

FEBRUARY 24, 2023

There is an added challenge in the Seattle area, where firms must also compete with big tech companies like Amazon and Microsoft. 9 in 10 Accounting and Audit Firms Struggle to Find Talent [ CPA Practice Advisory ] Sensing a pattern here… What is the fastest-growing challenge facing accounting firms and internal audit departments today?

Technology 104

Technology audit Healthcare auditor 104

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

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

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 116

Technology audit Expense Management CPA 116

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

MAY 29, 2024

Companies can overcome these hurdles by investing in the right resources and leveraging cutting-edge technology. One solution is to invest in digital solutions designed to automate mundane and repetitive tasks, freeing up time for employees to focus on managing customer engagements.

Account 52

Account accountant accounted Technology 52

Withum

MAY 17, 2022

The technology industry is a fast-paced, dynamic environment that requires you to continuously focus on your business operations in a highly competitive market saturated with innovation, disruption, data privacy considerations and even ethical issues. Your accounting team will need ample time to produce these statements. Going public?

Technology 52

Technology audit accounting and finance payroll tax 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