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Blockchain in accounting – what does the future hold?

Reckon

When blockchain technology in accounting becomes more prevalent, record keeping and transactional accounting will become even more automated. This is also true of auditing – there will be the potential of an ‘always-on’ auditing methodology. What the top accounting firms are saying about blockchain.

Account 97
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Professionals on the Move – Sept. 2024

CPA Practice

Her dedication to providing high-quality service in audit and tax work, and her ability to manage complex projects have been invaluable to both our team and our clients. She is working towards her master’s in accounting. Bassett has 25 years of audit and accounting experience.

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Friday Footnotes: CPAs Need to Get Contemporary; Internal Audit Priorities for 2024; A PwC Comic Book? | 8.30.24

Going Concern

Accountancy firms fight back against audit reforms [ Financial Times Opinion ] A new rule agreed by the US audit regulator, the Public Company Accounting Oversight Board, will force each of the biggest firms to establish a body to oversee quality control, and to make sure at least one person on it comes from outside the firm.

cpas 101
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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

Audit Large Accounting Firms Will Have to Submit Financial Statements to U.S. Regulator [ Wall Street Journal ] Large accounting firms will have to submit financial statements annually to the U.S. We’ve already had success with technology such as bots and robotics process automation.

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