Accounting Today

DECEMBER 26, 2023

The International Ethics Standards Board for Accountants approved an exposure draft on ethics and independence standards for sustainability reporting and assurance and a final ethics standard for tax planning and related services.

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Accounting Insight

MAY 1, 2024

They have the ability to identify anomalies, investigate discrepancies, and apply professional judgement to ensure compliance with accounting standards and regulations. Matters such as tax planning, auditing, and providing specialised financial advice are areas where human accountants excel.

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CPA Practice

MAY 29, 2024

Compliance allows for more accurate financial statements and better decision-making, helping to prevent errors in financial reporting and enabling businesses to make informed decisions based on the latest accounting standards.

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ThomsonReuters

JANUARY 18, 2024

Furthermore, accountants are increasingly focusing on a particular vertical or niche to further boost their competitive edge. Furthermore, because CPAs have a responsibility to the users of the client ’ s financial statements, clients expect CPAs to uphold the profession ’ s rules on independence.

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KROST

APRIL 12, 2022

One of the many benefits of using the FRF for SME framework is that it was designed with business owners in mind, and it forms a meeting point between accrual accounting standards preferred by tax preparers and lenders and real-world business concerns like liquidity and cash flows.

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Anders CPA

FEBRUARY 28, 2024

Accounting software is exceptionally important for transportation businesses and owner-operators alike, but it’s not going to solve every problem. Your accounting management software only adds value if you’re maintaining proper financial records, cash flow statements, tax planning strategies, and forecasting practices.

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ThomsonReuters

JANUARY 12, 2023

The ESG audit standards and framework you choose should fit the specific industry and align with wider company goals. . Two well-known ESG frameworks are the Sustainability Accounting Standards Board (SASB) and the Task Force on Climate-Related Financial Disclosures (TCFD).

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ThomsonReuters

MAY 6, 2021

A discounted cash flow approach is a type of “income approach” or “present value technique,” two terms used frequently in the FASB Accounting Standards Codification®. A discounted cash flow analysis also may be used to support key business decisions, like whether to make a loan, take on debt, or enter into a merger or acquisition.

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ThomsonReuters

NOVEMBER 25, 2024

Disclosure requirements for tax rate changes 4. Consider a tax specialist to help manage complexity 5. Harness the power of AI and cloud-based audit technology Tax planning in a changing political landscape 1. Future tax obligations. Evaluate significant estimates 3.

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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. With the introduction of more concrete accounting standards, this aspect should improve. Current year gains and losses. Transaction matching.

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Going Concern

JUNE 21, 2024

Practice Accounting Guidance for ESG Projects & AI Usage in Auditing [ Resourceful Finance Pro ] In a matter of months, companies will possess first-ever guidelines for environmental credit accounting. Public and private firms will be required to follow one model for marking down projects like carbon dioxide offsets.

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