Ryan Lazanis

APRIL 18, 2023

How to Get Started With Accounting Intelligence How AI Was Used to Write This Article What is AI in Accounting? AI in accounting refers to the use of artificial intelligence (AI) technologies, such as machine learning algorithms and natural language processing, to automate and enhance various accounting processes.

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Going Concern

FEBRUARY 17, 2023

The global accounting firm confirmed Wednesday that when its lease is up in November it will move from the Flats to North Point Tower office complex at the corner of East Ninth Street and Lakeside Avenue, across the street from City Hall. He has particular sector knowledge in natural resources, manufacturing, and private equity.

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CPA Practice

JULY 27, 2023

A Top Technology Initiative Article – August 2023, With so much coverage of Artificial Intelligence (AI), ChatGPT, and many trying to be “the expert,” I thought it was past time to turn to help you with your AI strategy. How can AI make you a more effective and efficient accountant? What’s a strategy to get that job done?

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Cherry Bekaert

MAY 3, 2024

Accounting and finance employment is projected to grow 4% from 2022 to 2032, with about 126,500 openings for accountants and auditors each year on average. 1 But attracting and retaining talent is proving difficult for several accounting recruiters and accounting talent acquisition specialists. retirement).

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ThomsonReuters

JANUARY 12, 2023

In addition to helping businesses and individuals follow the required accounting standards and tax laws, accountants are increasingly capitalizing on new ways to utilize their knowledge and experience to make a positive impact on the clients they serve. . Are there different types of auditing in accounting?

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Going Concern

MAY 12, 2023

Talent Why Graduates Aren’t Hot on Accounting Careers: Low Starting Pay, Onerous Testing [ Wall Street Journal ] For Connor Verrett, an economics major and entrepreneurship minor at Washington & Lee University who expects to graduate this month, that roadblock was among the factors he considered in eschewing an accounting career. “It

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Going Concern

MARCH 8, 2024

Audit SEC Settlement Against Auditing Firm Serves as Reminder of Important Independence Rules [ JD Supra ] On February 29, the Securities and Exchange Commission (the SEC) announced that it settled an administrative proceeding against Lordstown Motors Corps’ former auditor, Clark Schaefer Hackett and Co.

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CPA Practice

JUNE 12, 2024

KPMG LLP’s Audit practice is embedding the Databricks Data Intelligence Platform within KPMG Clara, its global smart audit platform that brings together data and analytics, artificial intelligence and automation, collaboration capabilities and audit workflow, to deliver a better audit experience.

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Going Concern

SEPTEMBER 13, 2024

This Week in PCAOB Paper-Pushing US SEC approves new audit quality benchmarks over Republican objections [ Reuters ] Wall Street’s top regulator on Monday gave the nod to new accounting standards set by a watchdog agency, part of an effort to address concerns about the prevalence of poor quality audits. The five-person U.S.

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ThomsonReuters

APRIL 5, 2024

Lastly, interim tax reporting is crucial for complying with accounting standards and regulatory requirements such as FASB Accounting Standards Codification 740-270 Income Taxes (ASC 740). Stay informed and seek professional guidance: Keep abreast of the latest developments in tax regulations and accounting standards.

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CPA Practice

JANUARY 10, 2024

LeaseCrunch LLC , a lease accounting and lease management software provider, has announced a major growth investment from Aquiline Capital Partners LP, a private investment specialist with $10 billion in assets under management that invests across financial services and related technologies.

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ThomsonReuters

JANUARY 12, 2023

Amidst a complex audit environment, today’s accountants have many opportunities to take advantage of technology and specialize in up-and-coming focus areas. Increasingly, businesses are engaging third-party assurance auditors to report on those ESG disclosures. . One of these specialties is ESG audits. . What is ESG?

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ThomsonReuters

APRIL 18, 2023

The accounting profession has faced a profound shift in recent years: from significant regulatory changes to an influx of innovative technologies, to reimagined business models, to an increase in client expectations. The lease accounting standard became effective in 2019 for public companies.

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ThomsonReuters

JANUARY 18, 2024

Accounting professionals are the financial backbone of a company and, in today’s complex environment, they are increasingly providing clients with strategic and forward-looking guidance. In general, an accountant’s job description includes common accounting tasks such as: Performing risk analysis evaluations.

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Cherry Bekaert

APRIL 3, 2023

Growing Your Business Starts With Evaluating, Governing and Managing Risk Author: Brian Murrow, Managing Partner – Risk & Accounting Advisory Services Naturally, after unfortunate incidents, risk governance and security are on top of mind for many. Technology firms worried about access to cash for basics, such as making payroll.

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Snyder

NOVEMBER 22, 2022

It can be hard to keep up with new opportunities and technologies in our rapidly changing and evolving world, especially in a professional field such as accounting. Accepted accounting principles: Generally Accepted Principles vs International Financial Reporting Standards. Consistency principle. Reliability principle.

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Withum

JULY 11, 2023

By adopting new technologies, mining companies can enhance transparency, improve data quality and minimize greenwashing. Government regulators, financial auditors, potential investors, and acquirers all require robust and transparent ESG data captured directly from mine sites.

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Cherry Bekaert

APRIL 5, 2023

GAAP accounting standards. SOX 404(b) Compliance For accelerated and large accelerated filers, we offer a full suite of turn-key SOX services including ICFR planning and scoping, risk assessments, control testing, external auditor coordination, board reporting and project management.

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Going Concern

JANUARY 20, 2023

“If you just read the headlines around what’s going on, you might think, there’s all kinds of people who know technology out there,” Carmine Di Sibio told Bloomberg in an interview at the World Economic Forum in Davos. But that doesn’t appear to be the case.

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Going Concern

MAY 27, 2022

Splitting auditing and consulting: EY auditors fear a pay cut [ eFinancialCareers ] Many auditors also aspire to move out of audit and into jobs in the more lucrative consulting arms. Exclusive: KPMG to hire 3,500 tech workers to staff newly launched digital products business [ City A.M. TaxTwitter pic.twitter.com/R03dsOeR7D.

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Going Concern

AUGUST 25, 2023

News US Accounting Board Looks Across the Ocean to Fill Hole in Rules [ Bloomberg Tax ] The flood of government aid that helped keep companies afloat during the coronavirus pandemic exposed a hole in US accounting rules: Businesses have no way to record the grants, loans, and tax breaks that bolstered their bottom lines.

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Going Concern

AUGUST 11, 2023

Big Four: AI will augment, not replace, accountants [ Accounting Today ] The Big Four do not intend to replace human accountants with artificial intelligence anytime soon — and even if they wanted to, firm leaders concede the technology isn’t yet at the level where they could contemplate doing so. 15 from Aug.

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ThomsonReuters

DECEMBER 27, 2024

Blog home With the introduction of Accounting Standards Update 2023-08, Subtopic 350-60, the landscape for accounting, audit, and assurance of cryptocurrency is evolving. Unique audit risks related to cryptocurrency What is an auditors responsibility in crypto audits? What can accountants do to prepare for crypto audits?

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Going Concern

OCTOBER 25, 2024

KPMG CEO Paul Knopp Visits Bentley to Discuss the Future of the Accounting Industry [ Bentley University ] Paul Knopp, U.S. accounting undergraduates has dropped to its lowest level in 15 years, and the number of people taking the CPA exam has fallen as graduates opt for high-paying jobs in financial services, tech and other industries.

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Going Concern

JUNE 21, 2024

Local PwC managing partner on how firm is stepping up philanthropic work in Charlotte [ Charlotte Business Journal ] PwC has leaned in more towards the Mayor’s Racial Equity Initiative, a $250 million public-private venture focused on upward mobility through a range of jobs, technology, neighborhood and educational initiatives.

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Going Concern

FEBRUARY 2, 2024

Advocates file FTC complaint against Deloitte over Medicaid eligibility software errors [ Texas Standard ] At least 90,000 Texans were wrongfully removed from Medicaid coverage because of unidentified system glitches last year, though the state was able to restore their care when the problem was identified.

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