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Number Of Corporate Accounting Errors Unexpectedly Climbs

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A research firm has discovered that the number of material accounting mistakes made by U.S. public companies has gone up this year. Massachusetts-based Audit Analytics looked at disclosures from more than 9,000 U.S.-listed listed companies since 2005, finding firms that had to reissue their financials due to errors.

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Gappify Launches Chatbot For Corporate Accountants

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Gappify is the latest company to roll out business accounting-related chatbot technology. 20) that it has launched Alan, chatbot technology designed to assist business accountants. Gappify and Alan will enable finance staff to keep pace with the speed of business and finance evolution in an era of increasing complexity.”.

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KPMG To Shutter UK Small Business Accounting Unit

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Corporate accounting and auditing firm KPMG is shuttering its small business services unit, reports in The Business Desk said Thursday (Feb. According to the publication, KPMG’s Small Business Accounting (SBA) service, which launched in 2014, will be closed in the U.K. will remain unaffected.

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Starling To Open Business Account Services Beyond Sole Traders

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. “We started with a retail current account and then we launched business accounts, first for limited companies with a single director and now for sole traders as well, and soon for multi-director limited companies,” she said. “Very much focusing on the [SMB] space of one to 10 employees.”

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Starling Announces Plans For Business Banking Solution

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She cited the recent decision by the European Commission not to force the Royal Bank of Scotland to divest its Williams & Glyn unit, a move Boden said would have boosted competition in the B2B banking space. In an interview with the publication, Anne Boden also offered a few details about what the B2B service will look like. “It

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Corporate Finance’s Interest In AI Doesn’t Lead To Adoption: Oracle

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More than three-quarters of accountants surveyed by BlackLine last year said they believed AI would play a “significant” role in corporate accounting.

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Accountants May Be Bucking The Innovation-Averse Trend

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The future of the corporate accountant is in flux. FinTechs are developing ways to automate accounting tasks, forcing human accountants to provide more strategic, value-added services. That doesn’t mean corporate accountants are jumping ship, however.