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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. And of course, save paper. Auditors can also use artificial intelligence to dig up even more evidence. Always treat the auditor with respect and dignity.?Assign

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Audit talent development: The ultimate strategy for recruitment, retention and firm growth

ThomsonReuters

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.

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4 questions to drive your audit firm’s evolution

ThomsonReuters

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. Automation tools can help streamline processes , reduce inefficiencies, and free up human auditors to focus on higher-value tasks.

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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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Knowing when it’s time to update your accounting technology

ThomsonReuters

Is their current technology a drain on efficiency and profitability? As outlined in the Thomson Reuters white paper “ Mind the gap: Identifying gaps in your software this tax season ,” there are several indicators to help firms determine if their accounting technology is outdated and in need of a refresh.

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The value of audit certification and what it means for tax firms

ThomsonReuters

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.

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Modernizing tax management in an omnichannel retail landscape

ThomsonReuters

A lot of companies are in situations of unknown unknowns,” she says, “where they don’t even realize they have nexus and they end up finding out in painful ways when auditors come knocking.” Auditors typically request data encompassing several years, Davis notes, but large retailers may be processing millions of transactions per day.

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