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Forensic AI Accounting: A New Era of Proactive Fraud Monitoring is Coming

CPA Practice

Accountants, comptrollers, auditors and investigators cannot review every movement of every penny across thousands of transactions and countless accounts. Forensic accounting investigations dig deeper into records but still only cover a fraction of transactions while carrying a hefty price tag.

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New Approaches to Audits Gain Ground

CPA Practice

As accounting firms begin 2023 they have one thing top of mind — how to effectively recruit and retain talent. accountants and auditors have left their jobs in the past two years, a 17 percent decline, and the dwindling number of college students coming into the field can’t fill the gap.”

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Friday Footnotes: CPA Exam Scares Accounting Majors Away; EY Loses Fees in China | 5.12.23

Going Concern

Talent Why Graduates Aren’t Hot on Accounting Careers: Low Starting Pay, Onerous Testing [ Wall Street Journal ] For Connor Verrett, an economics major and entrepreneurship minor at Washington & Lee University who expects to graduate this month, that roadblock was among the factors he considered in eschewing an accounting career. “It

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Friday Footnotes: EY Cancels Christmas; A Very Sucky PwC Report; Should We Tax Robots? | 12.23.22

Going Concern

UK companies brace themselves for escalating battles with auditors [ Financial Times ]. UK companies are gearing up for conflicts with auditors next year as economic and political uncertainty add to the difficulty of signing off accounts and forecasting financial outlooks. Current rules don’t require this. Name checks out.

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