ThomsonReuters

JANUARY 24, 2023

This starts with solid reporting by company management and presents a significant opportunity for auditors. Why are ESG audits important? According to CAQ, auditors, especially public company auditors, are ideally positioned to enhance reliability of ESG reporting.

audit

ThomsonReuters

FEBRUARY 23, 2024

Jump to: Why is it important to be proactive toward sales tax audits? How can my company prepare for a potential sales tax audit? How can tax technology help when defending an audit? When and how should tax systems be upgraded? Why is it important to be proactive toward sales tax audits?

audit

ThomsonReuters

MARCH 19, 2024

What if a sales tax audit needs to be appealed? What happens after the audit, win or lose Sales tax audits may be an unfortunate fact of corporate life, but not all audits are the same. There are generally two issues that drive a sales tax audit assessment , ” Bobby says. How should you prepare for an audit defense?

audit

ThomsonReuters

MARCH 20, 2024

Tax professionals involved in omnichannel retail industries face an unprecedented number of challenges these days. Calculating sales tax across different retail channels is complex due to various regulations, frequent changes in product data, and outdated systems, especially with increasing sales volume and shrinking budgets.

Retail

ThomsonReuters

JANUARY 16, 2024

How mobile apps meet client expectations Streamlining your 1040 source document collection According to a recent survey by Protiviti and The Institute of Internal Auditors (IIA) , almost 75% of respondents, including 82% of technology audit leaders, view cybersecurity as a high-risk area, and with good reason.

audit

ThomsonReuters

JULY 11, 2023

Firms are faced with the external challenges of meeting new client demands, increasing compliance pressures, and tax law changes. Bureau of Labor Statistics projects the employment of accountants and auditors to grow 6% from 2021 to 2023, with the average number of annual openings around 136,400. According to Revelio Labs Inc.,

Technology

ThomsonReuters

AUGUST 24, 2021

To build a persuasive business case for sales tax software , professionals need to explain how automating certain tax functions and improving reporting and analysis will benefit the company as a whole. In other words, don’t tell your CEO why tax software is a wise investment – show them.

Technology

ThomsonReuters

MAY 23, 2024

By paving the way for auditors at every stage of their career, our expert-led sessions deliver practical, pertinent content in a captivating and accessible format. This empowers your auditors to work more efficiently from any location, leading to improved client service.

audit

ThomsonReuters

SEPTEMBER 26, 2024

Lack of efficiency Like most industries, auditors struggle to do more with less. Harnessing AI-powered tax research for straightforward answers in everyday language – just as if you were speaking directly to a trusted subject matter expert. appeared first on Tax & Accounting Blog Posts by Thomson Reuters.

audit

ThomsonReuters

JANUARY 12, 2023

Historically, auditors spent weeks out in the field holed up at the headquarters of the company undergoing an audit. The sooner auditors can begin reviewing documents, the better. In a remote audit, auditors may not be there to physically check the client’s inventory. Outline the protocols for a secured file sharing site. .

audit

ThomsonReuters

OCTOBER 31, 2023

While 51% of accounting professionals believe that ChatGPT and generative AI should be applied to tax, accounting, and audit work, opinions are divided about the usefulness of AI tools. One of the primary concerns centers on how AI will affect accounting jobs and the career outlook for tax professionals. Can AI do accounting?

accounting jobs

ThomsonReuters

MAY 22, 2024

In fact, the 2021 KPMG Finance And Audit Technology Survey , conducted in partnership with Forbes Insights, found that the majority of finance executives surveyed (80%) believe the cloud is a must have for external auditors. Furthermore, 34% of respondents said the cloud has the potential to dramatically transform the external audit.

accounting firms

CPA Practice

JUNE 29, 2023

Now, Brian claims that he is a recovering auditor, I don’t think you ever get audit blood out of yourself at least listening to him, that’s for sure. And so, you know, I start watching the dollars on a trial balance for a business tax return. How many tax returns? Randy Johnston 00:03 Well, good day. Welcome to Technology Lab.

Technology

ThomsonReuters

SEPTEMBER 30, 2024

What skills will future auditors need to succeed? We started out doing a little bit of everything, so both audit and tax. I have a couple of attorneys on staff and one of my auditors is an attorney. National and regional firms are traveling auditors to death. What skills will future auditors need to succeed?

audit

ThomsonReuters

JANUARY 28, 2025

Blog home Auditors know theres never been a more challenging time to monitor and meet evolving regulatory and professional standards changes. White paper Audit from anywhere: Remote audit best practices for a new era of audit teams Read white paper 3.

audit