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The accountant's advantage over technology in fraud prevention

Accounting Today

Their role transcends preparing financial statements; it includes guiding organizational behavior, promoting transparency, and fostering environments where ethical conduct becomes the norm. Accountants are not merely financial technicians; they are protectors of economic integrity. All rights reserved.

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Broker-dealer audit deficiency rates remain high

Accounting Today

And for evaluating audit results, firms did not sufficiently evaluate whether the broker-dealer financial statements were presented fairly in accordance with GAAP. All rights reserved. Paige Hagy Reporter twitter mailto linkedin For reprint and licensing requests for this article, click here.

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Inside GASB's far-reaching agenda

Accounting Today

In late 2023, GASB issued Statement 102 , "Certain Risk Disclosures," requiring state and local governments to provide financial statement users with information about specific risks when circumstances make a government vulnerable to a heightened possibility of loss or harm. That is effective for 2025 financial statements."

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The cost of statutory reporting errors and the need for ESG integration

ThomsonReuters

Thomson Reuters and SAP Drive operational efficiency and tackle crucial tax challenges Read More Benefits of integrating ESG reporting into statutory reporting processes In addition to financial statements, statutory reports can also include information about sustainability or ESG.

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Managing Pillar Two data using ONESOURCE Tax Provision and Orbitax GMT

ThomsonReuters

The global tax landscape is undergoing a significant transformation with Pillar Two, presenting substantial challenges for corporate tax professionals. Navigating these new international tax rules demands more than just diligence; it requires sophisticated technology.

Tax
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AICPA News – July 2025

CPA Practice

Employee Benefits Tax TRP Provide a Revenue Procedure related to Section 305 of the SECURE 2.0 Partnership Tax TRP Remove Treas. 1.6011-18 (Basis Shifting TOI Regulations) from the Income Tax Regulations (26 CFR part 1). Existing regulations contain outdated rules that misrepresent current law.

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What CPAs can learn from a pirate-themed shipping company

Accounting Today

Personality is a differentiator, not a liability Clients dont just hire CPA firms for tax prep or financial statements. They hire professionals they can trust with their confidential financial information — people they enjoy working with. All rights reserved.