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4 things tax and audit professionals to know about agentic AI

ThomsonReuters

Predictive AI can: Analyze historical data to make forecasts Identify patterns and trends in financial information Estimate future tax liabilities based on past performance Assumes potential audit risk using historical data Generative AI Generative AI creates human-like content based on prompts. Read full press release 3.

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4 things tax and audit professionals need to know about agentic AI

ThomsonReuters

Predictive AI can: Analyze historical data to make forecasts Identify patterns and trends in financial information Estimate future tax liabilities based on past performance Assumes potential audit risk using historical data Generative AI Generative AI creates human-like content based on prompts. Read full press release 3.

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Whitepaper: Elevate Your Firm’s Pricing Strategy. Are You Leaving Money on the Table?

CPA Practice

This white paper provides actionable steps and real-world examples to help you implement new strategies and grow your firm. Discover how to transition to a more profitable, value-based pricing model that increases revenue and client satisfaction.

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How do you audit crypto? It starts with understanding how to report on it.  

ThomsonReuters

Blog home With the introduction of Accounting Standards Update 2023-08, Subtopic 350-60, the landscape for accounting, audit, and assurance of cryptocurrency is evolving. Unique audit risks related to cryptocurrency What is an auditors responsibility in crypto audits? What can accountants do to prepare for crypto audits?

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The Rise of Non-CPAs in CPA Firm Acquisitions

CPA Practice

This white paper explores why non-CPAs are buying firms, the challenges they face, and how they can leverage technology and direct ownership offshoring to build and scale modern CPA practices. The subscription-like nature of tax, audit, and advisory services makes these firms attractive to investors seeking long-term, stable returns.

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AI agents versus RPA: A guide for accountants

ThomsonReuters

The survey also found that nearly half (49%) of respondents said they plan to use technology to boost profits in 2025, and 47% believe that investing in AI should be a top priority for their firms. Analyze market trends, financial data, and tax implications to assist professionals in long-term business and tax planning for their clients.

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How to efficiently file individual income tax returns: A workflow guide for accounting firms

ThomsonReuters

Automated compliance checks in UltraTax CS can help ensure that the tax return adheres to both federal and state tax laws, minimizing the risk of audit. White paper Explore key strategies to help you simplify your tax workflow with confidence and precision in today’s complex tax environment.