ThomsonReuters

NOVEMBER 29, 2023

This, in turn, puts tax departments at greater risk for even more audits and stiffer penalties. During the webinar, panelists discussed ways to reduce risk, avoid audits and potential penalties, and explore solutions to the challenges ahead. It can help under-resourced departments manage audits effectively.

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Accounting Today

SEPTEMBER 11, 2023

The Internal Revenue Service will need to tread carefully with how it uses AI amid growing questions about the reliability of the technology.

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Withum

MARCH 8, 2024

Let’s explore five key features that make the NetSuite ERP system a game-changer for in-house accounting. Its built-in audit trails, tax management capabilities and real-time monitoring tools ensure you can maintain high compliance standards and quickly adapt to regulatory changes.

NetSuite 59

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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.

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Withum

FEBRUARY 26, 2024

Obstacles/Benefits of Proof-of-Reserves Some potential obstacles of proof-of-reserves include: The cost and resources required to perform regular audits to prove reserves. The potential for errors or discrepancies to be found during the audit process could lead to negative consequences for the organization.

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Accounting Today

MARCH 14, 2024

This new standard changes the game for auditors to make risk assessments even more effective.

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CPA Practice

SEPTEMBER 27, 2023

According to the survey, 85% of accounting professionals who provide CAS agree that automation improves the quality of financial data because it offloads manual tasks that could result in errors—like data entry and expense coding—and helps provide the necessary reporting and auditing for advisory.

accounting firms 122

accounting firms Technology Gaming accounts payable 122

Going Concern

JULY 11, 2022

That’s how much Tanvi Shah made in audit before she decided to quit Big 4 for good and make her social media side hustle a full-time gig. This post brought to you by RAID: Shadow Legends, one of the biggest mobile role-playing games of 2019 and it’s tota–oh wait, never mind, wrong post. £3,000 ($3,600) a month.

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Going Concern

MARCH 11, 2024

New York Times wrote a piece on people who bet on the Oscars and included this bit: Because the outcomes of sports games are unknown before the matches, allowing bets on them is considered less risky than bets on awards shows, whose results are decided in advance. Who watches the watchmen—or, in Fortune 500 terms, who audits the auditors?

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CPA Practice

AUGUST 9, 2023

AuditClub, the Audit Service Center for CPA firms and companies, has launched a new alliance model designed to connect tax and non-attest accountants with AuditClub One assurance professionals to improve service delivery options to clients. “In

audit 52

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Going Concern

FEBRUARY 16, 2023

with the PCAOB, the Financial Reporting Council across the pond has been busy at work inspecting audit firms with a fine-toothed comb and handing out fines like beads at Mardi Gras (Financial Times calls it “swift with the stick”). This sudden heavy hand on the part of audit regulators couldn’t possibly be more ill-timed.

audit 78

audit auditor Gaming Technology 78

ThomsonReuters

JANUARY 3, 2023

What’s more, having additional time to unplug and pursue personal interests outside of work can actually improve audit quality , according to 2021 research by the American Accounting Association. Depending on the size of the firm and engagement, audit teams can have as many as seven professionals. According to the findings: .

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CPA Practice

JULY 19, 2023

The centralized dashboard empowers CPA firms of all sizes, providing seamless navigation across the audit and tax landscape. The Gateway dashboard is a game-changing, robust portal for tax, accounting and advisory professionals, delivering a consistent and singular client experience.” HubSync Co.,

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Going Concern

JUNE 9, 2022

The rumor mill got fired up a mere 14 days ago when the Wall Street Journal reported EY was considering splitting its audit and advisory arms (pesky regulators and conflicts of interest and whatnot). This is the weirdest game of tag ever. Well, we might have that answer. You’re it! No, you’re it!

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CPA Practice

APRIL 24, 2024

AuditBoard, a cloud-based platform transforming audit, risk, compliance, and ESG management, says its powerful artificial intelligence capabilities are now generally available. AuditBoard AI has been a game-changer for me and my team,” said Melissa Pici, Senior IT Audit Manager at Syniverse. “I

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Accounting Insight

NOVEMBER 29, 2022

Furthermore, manual processes make it difficult to maintain an audit trail that can help identify the cause of errors and prevent them from happening again. PROVIDING AUDIT TRAILS FOR ALL TRANSACTIONS PROCESSED THROUGH THE SYSTEM. The complete audit trail enables teams to easily review every transaction.

Accounts Payable Automation 52

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Accounting Insight

MARCH 19, 2024

Introducing Inflo, who have been leading accounting firms’ evolution by modernising audit practices. Inflo is at the forefront of transforming the auditing profession. System Stability and Security: Increasing audit system stability and security for peace of mind. How did you get started?

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FraudFiles

DECEMBER 10, 2021

You are being audited. Blame and shame have no place in a tax audit. The task at hand is getting through the audit in a way that achieves the best possible result for the business. Focus on getting through the audit and using better records retention procedures in the future. They invoke fear, panic, and sometimes anger.

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TaxConnex

JULY 6, 2023

Now let’s look at how some companies have tried to game the system – and what to do so you don’t have to run that risk. One way that jurisdictions can discover your company’s nexus is through audit – and not just an audit of you.

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ThomsonReuters

APRIL 2, 2024

Newsletter Top Reads – Tax Professionals Join us each month as we explore the role and impact of AI on tax, accounting, and audit professionals. As fans and stakeholders, we must demand transparency and accountability to preserve the integrity of the games we love.

Gambling 105

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Accounting Insight

APRIL 19, 2024

We are the only platform of our kind that combines systemised processes with data quality audit. Be first to see our new Generative AI Custom XBerts – It’s yet another game-changer that will enable you to create your competitive edge as a practice.

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CPA Practice

AUGUST 30, 2023

But they also overwhelming said it’s boring, it’s stuffy, you do taxes or audit. There’s a lot more to it than doing audit and tax. Clearly the profession has evolved into forensics, you have risk advisory, ESG, internal audit, cybersecurity. But that should be the game plan.” It’s not glamorous.

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Going Concern

SEPTEMBER 15, 2023

Audit Comments Raise Concerns About PCAOB’s Proposal To Expand the Scope of Audits and the Role of Auditors [ JD Supra ] In June 2023, the Public Company Accounting Oversight Board (PCAOB) proposed sweeping amendments to its auditing standards. The administration did not present a budget for Internal Audit during the hearings.

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PYMNTS

NOVEMBER 27, 2019

The ‘Game of Keystrokes’ Strategy. Our work] is a game of keystrokes,” Noymer said. “If The group’s audited financial details and tax returns are posted on their website. “We “Our job is to be very respectful and [understand] that we are stewards of the donors’ dollars,” Noymer said. “If

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TaxConnex

DECEMBER 28, 2023

Weaker state revenue The kind of year it’s going to be for state coffers could greatly influence such future sales tax trends as new levies, tougher nexus thresholds and intensifying audits. If so, watch out for 2024. Digital code” means a key, activation or enabling code that conveys a right to obtain digital goods.

South Dakota 222

South Dakota Sales Tax Louisiana 222

Going Concern

OCTOBER 25, 2022

Anyone who knows anything about games released in the last five years knows that Fallout 76 was a disaster at release and remains the red-headed stepchild of the celebrated Fallout franchise (I say this as someone with 4,000 hours in the game, don’t judge me). Concept art: Who do we call to make this happen? THE FUTURE!

accounting firms 100

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CPA Practice

JANUARY 31, 2024

Top 20 accounting firm Armanino today released Audit Ally, a proprietary tool designed to automate and improve the efficiency of Service Organization Control 2 (SOC 2) examinations for both the client and the auditor.

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Anders CPA

JANUARY 25, 2024

Julie Hiblovic , a partner in audit and assurance who serves as a board member and treasurer for MCHS, nominated the organization. Through tools, education and resources, the organization helps to reduce caregiver stress and ensures their home environment is safe for their loved one living with memory loss.

Missouri 115

Missouri Hospitality Transportation audit 115

Going Concern

SEPTEMBER 29, 2023

KPMG offered video game training to some employees. After creating a video game character, players “travel” around the globe, answering questions about the firm and earning points for every question answered correctly. Players receive instant feedback and a detailed explanation of questions answered incorrectly.

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Withum

NOVEMBER 16, 2023

After a decade of budget cuts and watching audit rates of wealthy taxpayers decline due to fiscal constraints, the IRS announced earlier this year its plans to establish a special unit to focus on large or complex pass-through entities. The IRS audited.4 4 percent of the S Corporation returns for 2012 while auditing less than.05

income tax 69

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Going Concern

JUNE 17, 2022

Although a good chunk of PwC UK’s vacancies are in audit just like every other firm (there is an active and worsening auditor shortage in the US despite 66% of recently-graduated new hires being placed in audit), they’re not getting desperate about it like those other firms.

audit 57

audit Gaming auditor CPA 57

Airbase

APRIL 18, 2023

It also creates a disjointed audit trail and more manual work to gather information in the event of an audit. Controllers need to consolidate spend information and create an airtight audit trail. Guided Procurement creates an audit trail by bringing together all spend information and conversations.

Modern Spend Management 130

Modern Spend Management Spend Management Approval Workflows audit 130

Going Concern

NOVEMBER 28, 2022

Several US audit firms told the Financial Times that they had elevated some or all of their crypto-related clients to the status of “high risk”, triggering a more thorough audit that will take longer and lead to higher bills; some clients could ultimately be dropped altogether. Happy Monday! KPMG UK has announced a £5.5

Account 84

Account accountant accounted Gaming 84

Going Concern

DECEMBER 22, 2023

It is understood that outsourcing would leave the firm less reliant on recruiting additional accountants from the tight labour market, which has seen large audit and consulting firms struggle to recruit new talent. In its ruling, the court said the audit report was so general an investor wouldn’t have relied on it.

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Going Concern

JANUARY 11, 2023

Here ’s a closer look at the RSM class of 2023 by the numbers: 44: The number of new partners and principals in consulting, the most of any service line, followed by 33 in audit and 32 in tax. Technology, Media and Telecommunications; Gaming. 30: The number of new partners and principals who are women, or 27.5% of the class.

Real Estate 82

Real Estate audit Education Tax 82

Going Concern

DECEMBER 6, 2023

TLDR summary of this article from ChatGPT: Big 4 accounting firms introduced paternity leave in 2006, but a recent study finds that many fathers, especially in high-pressure environments like audit firms, hesitate to take advantage of it. We conduct interviews with 13 men in audit firms in France. Not just at audit firms, everywhere.

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ThomsonReuters

OCTOBER 4, 2023

Artificial Intelligence (AI) has become a game-changer, helping accounting firms streamline processes, improve accuracy, and deliver more value to their clients. Auditing : AI-powered audit tools analyze large volumes of financial data quickly and accurately.

accounting firms 111

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