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Knowing when it’s time to update your accounting technology

ThomsonReuters

Is your firm running its gears on outdated accounting technology? In fact, a recent survey by Accounting Today found that half of the firms surveyed said they plan to boost their spending on technology in 2023. However, the survey also found that keeping up with changes in technology is among the top challenges facing firms.

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The new breed of audit

TaxConnex

In years past, auditors could show up at your door asking to look at your records. Many audits are conducted remotely, and an auditor never visits your office. Technology hasn’t just made interstate selling easier. And of course, save paper. Auditors can also use artificial intelligence to dig up even more evidence.

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4 questions to drive your audit firm’s evolution

ThomsonReuters

The accounting and audit profession is undergoing significant changes as a result of the rapid advancement of technology. While some have expressed concerns that automation may replace human auditors, the reality is that technology is here to enhance the profession rather than replace it.

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Tools, technology, and training aid accounting staffing challenges

ThomsonReuters

They are also experiencing an internal struggle to cope with the decreasing talent pool and growing need to use technology to stay efficient. 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.

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Sustaining audit innovation: How to set your firm apart

ThomsonReuters

To do this, auditors must leverage technology and data analytics to innovate and sustain their edge over the competition. In this article, we will explore how using data analytics and automation can help enhance the auditing process, achieve greater operational efficiency, and ultimately set your firm apart.

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The Technology Lab Podcast – Review of Audit Technology Trends – July 2023

CPA Practice

Technologists Randy Johnston and Brian Tankersley, CPA, discuss technology trends for audits. Welcome to Technology Lab. 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. Use the podcast player below to listen.

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Modernizing tax management in an omnichannel retail landscape

ThomsonReuters

Omnichannel’s biggest challenges Robert Kleppel , a partner in KPMG’s indirect tax technology national practice, kicks off the webinar by summing up what he thinks are the most pressing issues facing omnichannel tax professionals today. Learn how tax automation can transform the omnichannel retail experience in our recent white paper.

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