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Friday Footnotes: PCAOB Demands More Tedious Paperwork From Firms; PwC Partners Retire Early; KPMG Redeems Itself? | 11.22.24

Going Concern

We’ve already had success with technology such as bots and robotics process automation. Talent Accountants ramp up offshoring to bring down costs [ Financial Review ] We’re doomed. Although we’re at the beginning stages of using AI in finance, we believe there’s a lot of potential.

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Forvis Mazars Adds Technology Consulting Practice to Serve Construction Clients

CPA Practice

Forvis Mazars, LLP, one of the largest public accounting and consulting firms in the United States, is bolstering the services it offers clients in the construction industry through the launch of its Construction Technology Services consulting practice. 1 following a previously announced acquisition of assets.

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Time-saving APIs make data visibility possible for Baker Newman Noyes

ThomsonReuters

In fact, 70% of businesses that added automation to their accounting processes reported a stronger ROI. But how your firm applies APIs depends on your specific workflow and solution set. This speaks to the flexible nature of APIs and the need to personalize an approach that works best for your firm.

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Friday Footnotes: Inside PwC Cheating; Audit Market Monopoly; AI Anxiety | 12.15.23

Going Concern

There’s a reason the Big Four firms often schedule key staff up to 3,000 hours annually for hundreds of dollars (or GBP) per hour. As 2024 approaches, Ignition’s latest survey reveals accountants will face what we’re calling triple threats: too much work, too few people and too late to move on tech.

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Blockchain in accounting – what does the future hold?

Reckon

The blockchain technology behind these developments can of course be used for a multitude of pursuits and will transform the underpinning technology behind a lot of existing technology and services. Blockchain accounting is one such service. What is blockchain technology? This is where blockchain differs.

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Eliminate Manual Work and Accelerate Accounts Receivable

CPA Practice

In this how-to guide on “Automating Your Payment Strategy from Engagement-to-Cash,” you will unlock the secrets of effective automation and learn how to eliminate manual work across the payment cycle. See how top accounting firms have reduced Days Sales Outstanding (DSO) and saved time by modernizing their payment workflow.

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Accounting firms: your guide to outsmarting the UK talent shortage

Accounting Insight

Get inspiration from this Top Accounting Firms to Work For , which contains a helpful list of the criteria against which staff judge employers. Invest in technology Younger candidates are digital natives – if it can be automated, it should be. Perhaps you work in an appealing niche or take on challenging projects.