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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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Budgeting for Startups: Investor-Ready Financial Planning

inDinero Tax Tips

Generating financial statements, balance sheets, and income statements to share with investors and lenders. Simplifying tax preparation and compliance. Budgeting Strategies for Startups Financial planning is undoubtedly math-heavy, but there’s an element of creativity as well.

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How can your small size firm use GenAI?

ThomsonReuters

However, AI-powered tools can automate data entry by extracting information from documents like invoices, receipts, and financial statements. This minimizes manual effort, reduces errors, and accelerates tax preparation. If your firm hasn’t yet adopted an AI-powered tax research solution, you’re in luck.

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Decisions 2024: The Opportunities for Accounting Firms Have Never Been Greater

CPA Practice

The Future Of Individual Tax Prep Is Brighter Than Ever While AI has been everywhere in the last few years, practical AI built into traditional platforms is being augmented by platforms to help with productivity. Sifting through what is in the market and coming to market, it is clear that tax preparation will be more profitable than ever.

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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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Friday Footnotes: PwC Scandal Somehow Gets More Scandalous; Deloitte Denied in Court; Withum Embiggens in Florida | 11.8.24

Going Concern

Municipal Messes Delayed audit finds ‘material weaknesses’ in Elton’s finances and procedures [ KPLC (Louisiana)] The town agreed to address such deficiencies including timely adopting an operating budget, hiring someone qualified to prepare financial statements, and submitting required paperwork to the Legislative Auditor’s Office by the due date.

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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."