ThomsonReuters

JANUARY 6, 2025

Accuracy is paramount in tax management to avoid costly penalties and audits. Increasing transparency and control Transparency is a critical aspect of tax management, as it supports better decision-making and audit readiness. This transparency enables better control over tax processes and supports more informed decision-making.

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Tax corporation tax audit Legal 52

ThomsonReuters

JUNE 28, 2023

In a rapidly changing and increasingly competitive business environment, it is essential for audit firms to stay ahead of the curve and remain competitive. What is the role of innovation in auditing? Innovation is a crucial element of any successful business, and the auditing process is no exception.

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audit Technology auditor Start-ups 98

TaxConnex

DECEMBER 8, 2020

If you don’t disclose back taxes and they’re unearthed through an audit, you could end up being assessed various penalties plus interest plus all tax due. A state can’t find and audit every business that is not in compliance. Download our white paper – The TaxConnex Guide to VDAs. Myth: States don’t want to do VDAs.

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ThomsonReuters

AUGUST 10, 2023

Charting a smooth course, either on the open seas or at your audit firm, is an exciting opportunity for explorers and tax professionals alike. Here, we will talk through some best practices when implementing new audit software solutions as well as some common pitfalls that can arise throughout the process.

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Technology audit Tax accountant 97

ThomsonReuters

DECEMBER 10, 2024

AI-powered tax technology can also streamline tax preparation, bookkeeping, and audit workflows, significantly reducing errors and improving efficiency.

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Technology CPA Tax tax preparation 52

ThomsonReuters

JANUARY 8, 2024

White Paper Expertise matters in AI-powered tax and accounting solutions Not all AI is created equal – what data is your solution learning from? Traditionally, audits involved manually reviewing financial data, which was time-consuming and prone to human error.

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Tax accounted accountant Account 101

MyIRSRelief

DECEMBER 13, 2024

Mike partners with CPAs and lawyers to address clients facing tax audits, levies, liens, employment 941 payroll tax controversies, non-filers and unpaid back taxes. Collaborating with Mike offers: Enhanced Services for Clients: Tax audits, levies, and other compliance issues can be time-consuming and require specialized expertise.

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cpas Tax payroll tax audit 130

ThomsonReuters

FEBRUARY 19, 2025

ONESOURCE uses data mining and next generation risk assessment (NGRA) tools to create a digital audit trail and enable comprehensive risk management, reducing the risk of audits and penalties. Learn more by reading our white paper, 10 reasons why ONESOURCE should be in your indirect tax tech stack.

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Technology Tax audit Legal 52

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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CPA Practice

JUNE 19, 2024

The multifaceted requirements of timekeeping for government contractors is detailed in key documents, such as the Federal Acquisition Regulations (FAR) , the Defense Federal Acquisition Regulation Supplement (DFARS) , and the Defense Contract Audit Agency’s (DCAA) Contract Audit Manual (CAM) , among others.

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CPA Practice

JULY 6, 2023

Because someone that I’ve known for quite a few years, Mark Edmondson who is the CEO in flow, produced a white paper called The audit technology ecosystem, the audit technology ecosystem. And I think that the whole audit space is going to be complete almost unrecognizable five years from now.

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Technology Government audit quickbooks 98

ThomsonReuters

FEBRUARY 6, 2025

These advanced technologies can assist with audit processes and compliance checks, enhancing accuracy and reducing the risk of human error. From client collaboration tools to organizing digital workpapers with ease to automating your firms delivery and e-signing process , the opportunities for time-savings are endless.

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cpas accountant accounted Account 52

ThomsonReuters

FEBRUARY 2, 2022

You can do this online through blogs, white papers, webinars, and podcasts, or offline through speaking engagements and networking opportunities. Use case studies, white papers, and other educational content for marketing purposes. Prevent audits. You can also offer your help if they get audited by the IRS.

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ThomsonReuters

JANUARY 16, 2024

How mobile apps meet client expectations Streamlining your 1040 source document collection According to a recent survey by Protiviti and The Institute of Internal Auditors (IIA) , almost 75% of respondents, including 82% of technology audit leaders, view cybersecurity as a high-risk area, and with good reason.

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audit auditor Technology Construction 64

ThomsonReuters

JANUARY 24, 2023

Driven by the widening range of stakeholders calling for ESG prioritization, an influx of laws and regulations pertaining to ESG, and a rise in ESG investment products, companies are increasingly setting their sights on ESG-related initiatives, such as audit certification. In fact, an article by global management consulting firm McKinsey and Co.,

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audit auditor Tax accounting firms 59

ThomsonReuters

MAY 23, 2024

From a shrinking talent pool to high turnover, the talent battle among accounting and audit firms continues to be a fierce one. For firms looking to attract and retain top talent , one factor rises to the top: audit talent development. Enter AuditWatch , a comprehensive audit training and consulting for accounting professionals.

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audit auditor Technology Education 52

PYMNTS

APRIL 1, 2020

According to the white paper, the automation of serialized product data exchange using blockchain can potentially eliminate the need for human audits and counting, increasing the productivity and efficiency of the retail supply chain.

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Retail Technology audit 102

ThomsonReuters

SEPTEMBER 30, 2024

← Blog home Amidst a changing landscape, audit professionals at all levels have significant questions about the future of audit and the role that technology like AI plays. Forrestall CPAs is a leading metro Atlanta CPA firm offering a full range of services, including audit. Are you ready for the future of audit?

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audit auditor cpa firm CPA 52

ThomsonReuters

SEPTEMBER 3, 2024

The audit industry stands out with its recognition of GenAI’s potential to revolutionize tasks such as predictive analytics, flagging potential areas of concern, data collection, and more. This growing consensus highlights the perceived relevance of GenAI in modernizing audit practices.

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auditor audit tax accountant Tax 72

ThomsonReuters

JANUARY 12, 2023

Historically, auditors spent weeks out in the field holed up at the headquarters of the company undergoing an audit. Thanks to advancements in technology — such as cloud-based solutions, teleconferencing, data-sharing platforms, and drones with cameras — remote audits are possible as long as the right tools and policies are in place. .

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audit auditor Technology Account 52

ThomsonReuters

FEBRUARY 23, 2024

Jump to: Why is it important to be proactive toward sales tax audits? How can my company prepare for a potential sales tax audit? How can tax technology help when defending an audit? Sales tax audits are laborious, complex, data-intensive events that almost all companies must endure at some point.

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audit Sales Tax Technology 52

Withum

DECEMBER 12, 2023

Now, regulations, investors and other stakeholders want companies to prove their ESG and climate information is accurate and reliable through audits and assurance. This experience puts them at the top of most companies’ list when considering a firm to perform the third-party audit of their ESG and climate reporting.

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Anders CPA

MAY 31, 2022

Then, once or twice a year, you’re in a mad rush to reconcile all of this and figure out what you did wrong – or what you must do to pass an audit or do your taxes. #2: Download our Next-Generation FP&A White Paper. Each department has its own spreadsheet and software. 2: Expectations Don’t Meet Reality.

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ThomsonReuters

MARCH 19, 2024

Jump to: When should you contest an audit? How should you prepare for an audit defense? How can automation help in an audit defense? What if a sales tax audit needs to be appealed? What happens after the audit, win or lose Sales tax audits may be an unfortunate fact of corporate life, but not all audits are the same.

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audit Sales Tax auditor 52

ThomsonReuters

APRIL 2, 2024

Newsletter Top Reads – Tax Professionals Join us each month as we explore the role and impact of AI on tax, accounting, and audit professionals. White paper Why tax technology is a game changer for CPA firms Use technology to give your firm a competitive advantage.

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Gambling Sports Legal Gaming 105

CPA Practice

OCTOBER 22, 2024

In this white paper, we break down the key federal payroll laws, explore important compliance insights, highlight the role of technology, and provide practical tips for maintaining compliance. federal payroll compliance is an ongoing process that requires vigilance and dedication.

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payroll Rhode Island West Virginia South Dakota 52

CPA Practice

JUNE 29, 2023

Technologists Randy Johnston and Brian Tankersley, CPA, discuss technology trends for audits. Now, Brian claims that he is a recovering auditor, I don’t think you ever get audit blood out of yourself at least listening to him, that’s for sure. So I want you to know here that the world of audit is changing rapidly.

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Technology audit general ledger Start-ups 52

ThomsonReuters

JUNE 16, 2023

Is their current technology a drain on efficiency and profitability? As outlined in the Thomson Reuters white paper “ Mind the gap: Identifying gaps in your software this tax season ,” there are several indicators to help firms determine if their accounting technology is outdated and in need of a refresh.

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Technology accountant accounted Account 98

ThomsonReuters

JULY 13, 2023

In short, AI can eliminate human error, detect discrepancies, and provide an audit trail for every user action. Data entry is also reduced or eliminated entirely through scan-and-populate tax software and the ability to auto-verify OCR source document data. Interested in learning more about tax workflow automation?

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Technology Tax accounting firms income tax 97

ThomsonReuters

JULY 25, 2023

Thomson Reuters: Can indirect tax automation help businesses that have paid significant amounts under audit recently or on a recurring basis, or are consistently filing refund claims? Wing: Again, one of the advantages of automating IDT processes is more accurate and efficient tax operations overall.

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Technology Tax Sales audit 93

ThomsonReuters

AUGUST 3, 2023

By concentrating on specific areas like financial reporting or public entity audits, firms can demonstrate expert knowledge and skills that set them apart from their generalist competitors. Look into the power of a niche advisory practice with this white paper.

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accounting firms accounted accountant Account 98

CPA Practice

APRIL 26, 2023

The State of Pennsylvania Accounting Firms in 2023 is a comprehensive white paper conveying critical insights for practitioners while highlighting the challenges and opportunities facing Pennsylvania accounting firms and the industry more broadly.

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Pennsylvania public accounting accounting firms accounted 52

Accounting Insight

SEPTEMBER 14, 2023

In the light of the recent speculation news that the UK government may be shelving plans for legislation in support of audit and corporate governance reform, key changes in this consultation are even more crucial to make boards more active in building resilience and reporting on how they do this.

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Government accounted accountant Account 59

ThomsonReuters

JANUARY 9, 2024

In addition, organizations may need to plan for adding to internal resources and upskilling existing tax teams, higher audit fees, and increased external advisory costs. To find out more about how GMT could impact your organization, and how to mitigate the risks, read our white paper on Pillar Two.

Technology 88

Technology Tax income tax Legal 88

ThomsonReuters

MARCH 8, 2024

Take the time to audit your existing services and redefine your offerings by distinguishing between advisory and compliance services — and figuring out how to monetize the value of that difference. Read the white paper to learn how How do firms make necessary changes to remain accountable to themselves to grow successfully?

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cpa firm CPA Technology Tax 96

ThomsonReuters

SEPTEMBER 26, 2024

As audit firms struggle to keep pace with rising client expectations and market realities, cloud-based audit technology becomes essential. Top challenges for audit firms and how cloud-based audit technology can provide relief Talent shortage Recruiting and retention is a crucial area of focus for audit firms.

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audit auditor Technology financial statements 40

ThomsonReuters

JULY 11, 2023

Adjusting to a shrinking accounting talent pool Accounting and audit firms, including the SEC, find talent pipelines shrinking on both sides. more than 177,000 accounting and audit roles were posted in November of 2022. To learn more, download the Thomson Reuters white paper, 4 ways accounting firms can appeal to new professionals.

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Technology accountant accounted Account 73