Withum

AUGUST 2, 2023

On July 25, 2023, the Office of Fraud Enforcement and National Fraud Counsel of the IRS hosted a webinar on the Employee Retention Credit (ERC) and discussed the current landscape of enforcement for tax professionals. If you want a more robust analysis of these rules, read our article here or watch our ERC Audits on-demand webinar.

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ThomsonReuters

DECEMBER 8, 2023

Jump to: How AI is transforming audit AI-Assisted Decision Making in Thomson Reuters Cloud Audit Suite Ready to transform audit? How AI is transforming audit Traditionally, auditors have heavily relied on manual processes to uncover risk in financial statements and business operations.

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audit auditor financial statements Technology 98

CPA Practice

JULY 16, 2024

AuditBoard , a cloud-based platform transforming audit, risk, compliance, and ESG management, has launched new of out-of-the-box, self-assessment tools that enable internal auditors to easily assess and streamline conformance with the new Institute of Internal Auditors (IIA) Global Internal Audit Standards that go into effect January 9th, 2025.

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auditor audit Washington Manufacturing 105

TaxConnex

AUGUST 8, 2023

Under audit, an otherwise exempt sale will be deemed taxable without such documentation. Review your records as an auditor would by looking for exemption certificates that align with exempt transactions. Because that standard is ambiguous, you want to show auditors that you have solid business processes around exemption certificates.

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auditor audit Sales Tax 130

Going Concern

DECEMBER 19, 2023

445 professional staff — 93 percent auditors and seven percent tax and advisory — participated in answer sharing during mandatory, open-book internal training assessments between 2016 and 2020. auditing curriculum. Here’s what happened. So we kinda already knew there was some cheating going on over there.

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auditor audit CPA Government 118

ThomsonReuters

NOVEMBER 2, 2023

It also revises the definition of significant risk so that auditors will be focused on where the risks lie on a spectrum of inherent risk. As auditors, it’s important to understand how to effectively apply SAS 145 to ensure compliance and enhance the overall audit process. Enhance audit documentation.

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auditor audit Government Account 105

Withum

MAY 26, 2022

This on-demand webinar will outline the changes and updates that affect employee benefit plan audits, including management’s assessments that a Section 103(a)(3)(c) audit is appropriate for, how the new audit report will look like, and the required representations from management to the auditor. View Slide Deck.

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audit auditor 52

ThomsonReuters

JUNE 6, 2022

When you can flag changes in accounting, auditing, and tax that clients didn’t know about, and help them manage commercial impacts with innovative solutions, then you’re well on your way to gaining their trust. But how do you stay current on accounting and auditing standards when there are new developments happening all the time?

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accounting standards Account accountant accounted 142

Cherry Bekaert

NOVEMBER 6, 2023

In the second episode of Cherry Bekaert’s Cost Accounting Standards (CAS) podcast series, Eric Poppe , a Managing Director in Cherry Bekaert’s Government Contracting Industry practice, is joined by Jeff Annessa , a Senior Manager in the Firm’s GovCon practice who spent 13+ years with DCAA and held various positions such as Quality Manager, Supervisory (..)

accounting standards 110

accounting standards cost accounting Account accountant 110

CPA Practice

JANUARY 9, 2024

The Institute of Internal Auditors (The IIA) – the internal audit profession’s leader in standards, certifications, education, research, and technical guidance worldwide – has released new Global Internal Audit Standards. Specific guidance to assist internal auditors in the public sector and for small internal audit functions.

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audit auditor CPA Education 64

Cherry Bekaert

AUGUST 9, 2023

The Defense Contract Audit Agency (DCAA) recently released its Fiscal Year 2022 Report to Congress. By law, the DCAA is required to submit an annual report detailing the DCAA’s activities for the previous year. If you have any questions specific to your situation, we are available to discuss your situation with you.

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audit auditor Government public accounting 97

LSLCPAs

JULY 17, 2024

LSL Webinar “Back to Basics | Mastering Accounts Receivable Reconciliations,” presented by Amber Haston and Samantha Asbra led you through what a reconciliation entails, a step-by-step approach to performing AR reconciliations efficiently and accurately each year, and best practices for documentation and audit preparation.

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Accounting Insight

AUGUST 3, 2023

ACCA (the Association of Chartered Certified Accountants), the Chamber of Auditors for Uzbekistan (COA) and the National Association of Accountants and Auditors of Uzbekistan (NAAAU) have signed a deal to work together. The MOU – which initially runs for three years – will promote international standards in accounting and auditing.

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auditor Account accountant accounted 52

ThomsonReuters

MAY 10, 2023

The AICPA’s Auditing Standards Board has issued SAS 145 to provide additional guidance on a number of audit-related topics. In this third blog, we’ll examine balancing the scope of an audit with the complexity of an entity’s activities. In other words, it tells auditors where to focus.

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audit auditor Account accountant 52

Airbase

DECEMBER 6, 2023

Speaking with Michael at a recent Ascent webinar, Alex explained the challenges Doximity faced with procurement and how Airbase has helped. A cleaner audit trail: Airbase’s ability to automatically create an audit trail for every transaction is essential for Doximity — and their auditors appreciate it. “Our

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NetSuite NetSuite Integration accounting and finance AP Automation 130

CPA Practice

MARCH 9, 2023

The internal audit profession faces stiff competition for talent, especially talent capable of addressing a broadening array of risk topics and well-versed in emerging technologies that can drive the function into the future, according to Protiviti’s 2023 Next-Generation Internal Audit Survey.

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audit Technology auditor accounting firms 52

ThomsonReuters

MAY 2, 2023

In this second post, we’ll dig into ensuring audit quality. Specifically, we’ll look at the need for auditors to maintain professional skepticism and document their work thoroughly to improve audit effectiveness and efficiency. In other words, how did the auditor identify a risk of material misstatement?

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audit auditor financial statements Account 52

Going Concern

MAY 13, 2024

On June 4, Cherry Bekaert is holding a Employee Retention Credit updates webinar. We have further clarified that this responsibility provides the foundation for an objective and independent audit. She’s spent more than two decades at AT&T, steadily working her way up to the C-suite from a role as an accounting manager.

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Oregon Account accountant accounted 96

CPA Practice

AUGUST 28, 2024

Fieldguide Insights Fieldguide, the AI platform for audit and advisory firms, recently launched Fielguide Insights, the first end-to-end analytics solution for CPA and consulting firm leaders. 2024 Award Finalists AuditFile Advanced AI The company that was first to bring audits into the cloud continues innovating by bringing AI into audits.

Technology 124

Technology accounting firms Account accountant 124

Cherry Bekaert

JULY 30, 2024

Brendan was previously a Divisional Administrative Contracting Officer (DACO) at the Defense Contract Management Agency (DCMA) and Jeff has spent over 13 years with the Defense Contract Audit Agency (DCAA), while also holding positions such as quality manager, supervisory auditor and field audit office manager.

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accounting standards cost accounting Account accountant 64

Going Concern

FEBRUARY 9, 2024

IRS warns tax professionals to be aware of EFIN scam email; special webinars offered next week [ IRS ] The IRS warned that scammers are posing as tax software providers and requesting EFIN documents from tax professionals under the guise of a required verification to transmit tax returns. The sessions will begin Feb.

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ThomsonReuters

APRIL 24, 2023

At the core of every audit is the identification and assessment of risks of material misstatement, which is critical given the potential impact on a company’s financial position. It also revises the definition of significant risk so that auditors will be focused on where the risks lie on a spectrum of inherent risk.

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auditor audit financial statements Tax 59

Cherry Bekaert

MARCH 18, 2024

Related Resources: Article: Determining Your True Cost for Full Cost Recovery Webinar recording: The True Cost of Grants and How to Maximize Your Cost Recovery – A CPE Webinar Recording View All Podcasts in this Series Questions? Contact Us The post Justify Your Spending — Grant Expenditures appeared first on Cherry Bekaert.

auditor 52

auditor audit Government 52

ThomsonReuters

JANUARY 20, 2022

Sometimes, a plan instructs us to send claims information, which includes protected health information (PHI), to another business associate of the plan, such as a claims auditor or a medical reviewer. Both the PBM and the claims auditor have business associate contracts with the plan. Contributing Editors: EBIA Staff.

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auditor audit Tax Account 52

CPA Practice

SEPTEMBER 10, 2024

A new survey from the Center for Audit Quality (CAQ) reveals that 92% of investors say they rely on critical audit matters when making investment decisions, while 93% say that CAMs play an important role in their analysis of a potential investment.

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audit auditor financial statements Maine 52

ThomsonReuters

MAY 17, 2023

As we complete our examination of the impacts of SAS 145 for tax and accounting professionals, we’ll build on our previous posts on risk assessment , documentation and analysis , and balancing scope and complexity in auditing. In this last post, we’ll look at risks that can arise from the use of IT in accounting and auditing.

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auditor audit Technology Tax 52

CPA Practice

JULY 27, 2023

Similarly, the same is true for Advisory, Audit, Wealth Management, Litigation Support, or any other areas where you routinely provide services. Auditing : Audit engagements require meticulous planning, execution, and review. Unique Insights Organize webinars and guest lectures by industry leaders and subject matter experts.

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Technology audit Education accounting and finance 98

ThomsonReuters

MARCH 20, 2024

These issues and more were discussed by tax and trade experts in a recent webinar hosted by Thomson Reuters “ Empowering retailers to thrive and modernize tax management in an omnichannel landscape.” Auditors typically request data encompassing several years, Davis notes, but large retailers may be processing millions of transactions per day.

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Retail Tax Technology auditor 52

Withum

MAY 21, 2024

Tomorrow night my Auditing Concepts summer school course at Fairleigh Dickinson University starts. I also made this into a webinar that was presented to over 5,000 accountants in two presentations in April 2023 for CPAacademy.org. I then provide a 10-minute break which is usually after 1 hour and 50 minutes.

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financial statements audit auditor public accounting 59

ThomsonReuters

OCTOBER 31, 2023

While 51% of accounting professionals believe that ChatGPT and generative AI should be applied to tax, accounting, and audit work, opinions are divided about the usefulness of AI tools. Webinar Discover how generative AI is changing the accounting industry in a new webinar. What is AI automating in accounting?

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accounting jobs accountant jobs accounts jobs Account 52

ThomsonReuters

AUGUST 24, 2021

Watch our free on-demand webinar, Building a business case for indirect tax automation. For example, external audits are typically triggered by reporting errors, incorrect tax calculations, or anomalies – such as issued resale certificates or non-remission of use tax – that invite regulatory scrutiny.

Technology 52

Technology Sales Tax audit 52

Cherry Bekaert

JUNE 28, 2024

Some vendors may require a site audit to be performed above and beyond the VRA. By spending more time monitoring the third-party relationship through VRA and audits, organizations can better identify and address emerging risks before they become major issues.

Technology 59

Technology Legal auditor audit 59

CPA Practice

OCTOBER 12, 2023

Lots of people are talking about it, lots of webinars and so forth. And in August, they announced a product called teammate document linker for external audit. They think it will, you know, help with higher audit quality and according to the audit quality standards kicking in very very soon. A very fine extraction tool.

Technology 111

Technology quickbooks accounting and finance Legal 111

CPA Practice

SEPTEMBER 26, 2023

Teams can finalize numbers in specific account areas and perform proactive variance analysis each period rather than reactive analysis during the audit. Audit Trails : A podcast-style interview offering a fresh perspective on public accounting life by sharing real stories from current or former auditors.

Entertainment 40

Entertainment accounting and finance Technology audit 40

CPA Practice

SEPTEMBER 14, 2023

Teams can finalize numbers in specific account areas and perform proactive variance analysis each period rather than reactive analysis during the audit. Audit Trails : A podcast-style interview offering a fresh perspective on public accounting life by sharing real stories from current or former auditors.

Entertainment 40

Entertainment accounting and finance Technology audit 40

ThomsonReuters

MARCH 19, 2024

By analyzing large datasets, AI systems can help auditors and accountants detect irregularities. On-Demand Webinar How to utilize generative AI to excel your tax and accounting services Learn how GenAI can help you create new insights, solutions, and opportunities for yourself and your clients.

Tax 52

Tax Technology Education auditor 52

ThomsonReuters

NOVEMBER 16, 2023

For tax departments, complying with CTC regulations means transitioning away from the traditional, post-audit method of tax reporting, in which auditors collect, compile, and report transaction information in batches, long after the transactions have taken place.

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Technology AP Automation Tax accounts payable 59