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The Best Tech for Accounting Firms: The 2024 Tax and Accounting Innovation Awards Announced!

CPA Practice

CPA Practice Advisor has announced the 2024 Tax and Technology Innovation Award winners and finalists. After voting by the awards committee panel each year, the top five products are presented as winners of the Tax and Accounting Technology Innovation Awards. Award winners and finalists are presented alphabetically.

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

CPA Practice

Beyond that, there are other audit tools to consider: Audit Intelligence Analyze : Thomson Reuters is creating an Audit Intelligence Suite, and this is the first product delivered in conjunction with Synergy 2024. AuditBoard : Offers robust risk management and audit automation features.

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Embracing change: Auditors’ views on generative AI

ThomsonReuters

The 2024 Generative AI in Professional Services research conducted by the Thomson Reuters Institute provides a comprehensive overview of the burgeoning role of GenAI across various professional sectors, including legal, tax, accounting, risk, and government. However, these changes happen slowly and are not always used by all firms.”

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Friday Footnotes: The Bravest of Accounting Firms; Oh STFU, CFOs; | 8.09.24

Going Concern

We propose that from now on, all accountant shortage surveys require respondents to share pay figures for roles they're struggling to fill. The university hired accounting firm CliftonLarsonAllen to conduct the independent forensic examination into CapRadio, which is an auxiliary of Sacramento State.

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Accounting Firms Plan Increased Tech Investment Over Next 2 Years

CPA Practice

Investing in technology is a key priority for accounting firms as they move into 2024, while m itigating the ongoing talent shortage and keeping pace with new laws continue to cause challenges for many within the profession. Caseware explores worldwide perspectives within the accounting and audit professions annually.

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Finance Leaders Want Their Organization’s Audit Firm to Use AI—Immediately

CPA Practice

According to a new report from top six accounting firm BDO USA, company finance leaders are expecting technology like artificial intelligence to be used by their external auditors now to enhance their audit engagement and consider it the second-most important factor when choosing an audit firm.

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Audit Supervisors at the PCAOB Want Auditors to Better Supervise Their Auditors

Going Concern

The PCAOB adopted a new audit standard yesterday (AS 1206, Dividing Responsibility for the Audit With Another Accounting Firm ) to ensure that lead auditors are properly supervising the outside auditors they use. PCAOB Adopts New Requirements for Lead Auditor’s Use of Other Auditors [ PCAOB ].

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