ThomsonReuters

JANUARY 28, 2025

Amidst the noise, lets separate the hype from reality and explore how GenAI can genuinely enhance an auditors daily life and work. Hype vs reality: GenAI use cases for auditors With its promise of immense benefits and time-savings, todays auditors would do well to explore the opportunities of embracing GenAI.

audit 52

audit auditor Technology financial statements 52

Going Concern

NOVEMBER 27, 2024

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Real Estate 52

Real Estate Account accountant accounted 52

Going Concern

JULY 30, 2024

This, says KPMG US Vice Chair of Audit Scott Flynn, will empower the firm’s 9,000 auditors to deliver quality audits. Develop substantive testing procedures: Our AI assistant has direct access to our audit methodology, enabling auditors to design appropriate substantive testing procedures to respond to risks quicker.

audit 105

audit auditor Technology financial statements 105

CPA Practice

JULY 9, 2023

the developer of the award-winning cloud-based audit automation platform, has announced aquired Advantage Audit from John Wiley & Sons, Inc. Advantage Audit is an audit planning aid and audit program series designed to help auditors comply with risk-based professional standards in a straightforward and efficient manner.

audit 111

audit auditor Technology financial statements 111

CPA Practice

FEBRUARY 23, 2024

Amid technological advancements, the audit professional’s role, characterized by a deep attention to detail, compliance and risk management, is proving to be vital well outside the traditional confines of finance. Auditors’ proficiency in validating data ensures the reliability and accuracy of financial information.

audit 114

audit auditor accounting and finance Technology 114

CPA Practice

MARCH 4, 2024

Auditors, like so many others today, are seizing the opportunity to transform how they work by adopting artificial intelligence. The auditor’s human judgment sits at the center of the process, as they use AI to augment their work and elevate the value they can deliver to their clients. By Richard J.

auditor 69

auditor audit general ledger Technology 69

Going Concern

FEBRUARY 27, 2023

“IRS tech is so ‘archaic’ the agency struggles to find people to work it” from The Washington Post : The Internal Revenue Service, which funds nearly everything the federal government does, uses information technology that is creaking with old age. Yet that is what the IRS deals with every day.” Go forth and account.

Technology 105

Technology Account accountant accounted 105

Shay CPA

AUGUST 23, 2023

” However, when it comes to financial statement audits, the timing isn’t quite as forgiving as planting trees. Understanding the dynamics of your financial health is crucial for early-stage tech companies. One such decision is when to conduct a financial statement audit.

financial statements 52

financial statements audit Technology accounting and finance 52

Going Concern

OCTOBER 17, 2024

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Real Estate 64

Real Estate Account accountant accounted 64

Going Concern

DECEMBER 20, 2024

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Real Estate 52

Real Estate Account accountant accounted 52

CPA Practice

JANUARY 23, 2023

Many experts predict that the years ahead will be fueled by financial fraud investigations and a heightened emphasis on the ability to conduct due diligence and ensure clear financial insights. Audits have opportunity for growth, change and improvement — and the technology exists today.

audit 124

audit auditor forensic accounting Technology 124

ThomsonReuters

DECEMBER 8, 2023

How AI is transforming audit Traditionally, auditors have heavily relied on manual processes to uncover risk in financial statements and business operations. This allows auditors to focus on more complex and strategic aspects of their work, such as interpreting results and providing experience-based insights to clients.

audit 98

audit auditor financial statements Technology 98

ThomsonReuters

APRIL 30, 2024

Auditors rely on data review to ensure the reliability and integrity of financial statements. This is where technology can help. Let’s take a closer look at the importance of accuracy and completeness in audit data review and how leveraging technology can enhance audit quality , efficiency, and effectiveness.

auditor 52

auditor audit Technology financial statements 52

PYMNTS

FEBRUARY 7, 2019

USA Technologies’ shares lost roughly 45 percent of their value on Thursday in intraday trading after an SEC filing by the firm revealed that RSM US LLP, the firm’s auditor, resigned over concerns tied to financial reporting by the company. At least some of the company’s previous financial statements are unreliable, said RSM.

auditor 46

auditor Technology audit financial statements 46

Basis 365

FEBRUARY 10, 2025

When your general ledger is in order, youll have confidence in the accuracy of your financial data, which is essential for preparing financial statements and making strategic decisions. This reduces your risk of penalties and gives you peace of mind that your financial data is in good hands.

bookkeeping 52

bookkeeping general ledger Technology accounts payable 52

ThomsonReuters

MARCH 16, 2023

The reality is that the face of audit is changing , and today’s auditors are expected to be well-versed in a variety of disciplines. T he modern auditor must bridge the gap between business insights and innovative technology. What technology is used in an audit? The intended result is recommendations for improvement.

Technology 59

Technology audit auditor Maine 59

Going Concern

OCTOBER 24, 2024

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Real Estate 59

Real Estate Account accountant accounted 59

Going Concern

JANUARY 2, 2025

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Real Estate 52

Real Estate Account accountant accounted 52

Going Concern

OCTOBER 11, 2024

News AICPA moves to amend financial statement standard [ CFO Dive ] Well this is a BFD! Sign up for Always-On Recruiting from Accountingfly and get great pre-screened candidates with the tech stacks and expertise you need in your inbox every week. Talent Is your firm hiring? Are you sick of getting lame resumes? It’s free!

audit 59

audit Technology Texas accounting firms 59

ThomsonReuters

JANUARY 12, 2023

Today’s auditors face a challenging tax environment. From data collection to ever-evolving standards, more and more auditors are turning to technology to automate their audit workflow. . What is audit automation? What is audit automation? Why is audit automation necessary? Real-time collaboration.

Technology 52

Technology audit auditor general ledger 52

Going Concern

NOVEMBER 21, 2024

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Real Estate 52

Real Estate Account accountant accounted 52

CPA Practice

APRIL 19, 2023

According to Caseware’s 2023 State of Accounting Firms Trend Report , more than 90% of accountants and 95% of auditors find hiring skilled talent challenging. Everything was handled by a CPA, from collecting client documents to doing the work and delivering the tax return, financial statements or other work products.

Technology 123

Technology CPA tax return auditor 123

ThomsonReuters

JUNE 28, 2023

Governance risks include financial reporting , fraud prevention, executive pay transparency, and overall business dealings of the company. Accountants and auditors have an expanding role to play in determining the integrity of a company’s disclosure of ESG topics. This is where an investment in automation comes in.

Tax 98

Tax auditor audit Technology 98

Going Concern

OCTOBER 3, 2024

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Real Estate 110

Real Estate Account accountant accounted 110

Going Concern

JANUARY 9, 2025

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Real Estate 52

Real Estate Account accountant accounted 52

CPA Practice

JANUARY 17, 2024

By Ane Ohm, LeaseCrunch As we step into 2024, it’s crystal clear: leveraging technology and software is an absolute must for any organization eyeing substantial growth. The Importance of Automation ASC 842 and GASB 87/96 necessitate seamless collaboration across CPA firms and their clients.

Technology 59

Technology Account accountant accounted 59

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.

audit 100

audit auditor New York Legal 100

ThomsonReuters

JULY 6, 2023

accountants and auditors have left their jobs in the past two years, a 17% decline. Many corporate roles like financial analyst or internal auditor require experience you already have, so lean into your transferrable skills like bookkeeping, budgeting, forecasting, etc. Why are so many accountants quitting?

Account 98

Account accountant accounted accounting and finance 98

Acterys

SEPTEMBER 25, 2024

Prioritize automating these processes and integrations where you can. They offer auditors a comprehensive view of the company’s financial journey. This simplifies the reconciliation process and enhances the accuracy of financial statements. We’ve found that Microsoft Power BI greatly simplifies these processes.

audit 130

audit accounting and finance auditor Technology 130

Ryan Lazanis

APRIL 18, 2023

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. This includes tasks such as financial reporting, audit and compliance, fraud detection, and data analysis.

Account 96

Account accountant accounted Technology 96

Going Concern

SEPTEMBER 22, 2023

People Ken Miller set to retire after more than three decades of service [ Virginia Tech ] After more than 35 years of dedicated service to Virginia Tech, Ken Miller has announced his retirement. Miller was appointed vice president for finance in April 2020 and also serves as the university treasurer. Williams said in a news release.

audit 109

audit accounting and finance Virginia auditor 109

Going Concern

FEBRUARY 9, 2024

Three of the firms also joined industry efforts to designate accounting as a science, technology, engineering, and math—or STEM—field, according to federal lobbying disclosures. The majority are now using automation for at least some of their operations and this will grow as tech becomes more user intuitive and available.

Technology 104

Technology Colorado audit cpa firm 104

Cherry Bekaert

JUNE 10, 2024

Communicate openly : The accounting team should take the lead in preparing the financial statements, but every department of the company has a role to play for a seamless process. Having an internal control framework includes having accurate policies and procedures that are shared with everyone that touches the reporting process.

financial statements 88

financial statements audit auditor Technology 88

ThomsonReuters

JANUARY 12, 2023

With advanced technology shifting the way accountants work, many are looking to expand into specialized services that can give them a leg up on the competition. Essentially, the work completed by an accountant is certified by an auditor. . Financial statements (i.e., One of these expanded service areas is audit. .

audit 59

audit auditor Account accountant 59

PYMNTS

JUNE 11, 2020

That means significant implications for the ways accountants and auditors operate both within an enterprise and externally from it. The key drivers of that transformation include technology, as well as a heightened need for auditors, accountants and their clients to foster a collaborative ecosystem, he said.

corporate accounting 77

corporate accounting auditor Account accountant 77

Going Concern

DECEMBER 13, 2022

The Fall of Wirecard, a Tech Scandal That Rocked Germany, Reaches a Courtroom [ New York Times ]. The electric payments company rocketed to fame in the 2010s, rising to become the country’s most valuable financial firm. But two years ago its auditor, EY, declared it could not find nearly 1.9 Cronos Group Inc. 24 with U.S.

Account 97

Account accountant accounted auditor 97

CPA Practice

APRIL 30, 2024

When you incorporate predictive analytics, generative AI and other advanced technologies into everyday workflows at your CPA firm, you are taking on much more than a technology upgrade. They can then act on that information, alerting clients to potential financial discrepancies before they can evolve into larger issues.

Technology 52

Technology CPA cpa firm accounting and finance 52