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4 Key Internal Audit Initiatives to Adopt in Periods of Economic Volatility

Audit Board

In times of economic crisis, business leadership must lean on the guidance and insights of its audit, risk, and compliance professionals to make decisions that protect value. There are a number of measures internal auditors can take to provide extra risk assurance to the business during periods of economic volatility.

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Should you consider an automated indirect tax system? 9 key questions to ask

ThomsonReuters

A company’s decision to introduce indirect tax (IDT) automation into its tax processes is often fraught with indecision and uncertainty. During their Synergy 2022 presentation, Joe Malloy and Chandra Wing from BDO’s Indirect Automation team discussed questions they say companies should ask themselves before investing in IDT automation.

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Understanding the Internal Audit Value Chain to Enhance Performance

Audit Board

As internal auditors, we are experts at analysing process design, policy implementation, and project execution. We readily grasp the big picture and identify potential improvements to organisational governance, risk management, and internal control. Internal audit has its own value chain.

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An Active Voice in Internal Audit Reports Inspires Action

Audit Board

During our practitioner days, we were often disappointed when internal audit reports we labored long and hard to craft often landed with a deafening silence. Through delivering training to internal audit teams across the world, Sara has seen both entrenched habits and a desire for change. An active sentence starts with the doer.

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Technology is Enabling Centralized Global Statutory Reporting

ThomsonReuters

Today, finance is the corporate function most commonly managed this way — but longstanding obstacles have prevented the model from being extended to statutory reporting and tax compliance. During the podcast, Boyko noted a strong consensus among corporate finance leaders regarding the importance of centralization. The future is here.

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Changes in SEC reporting and disclosure — 3 things to know

ThomsonReuters

This blog post highlights certain changes in SEC reporting and disclosure across several key topics, along with practical takeaways. Even the Division of Investment Management has issued related guidance, and more guidance and rulemaking are expected to follow. SEC reporting and disclosure impacted by some key 2020 focus areas.

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Influence 101: How to Drive Change in Your Tax and Accounting Firm

ThomsonReuters

As this change in attitude is fairly recent, it shouldn’t be surprising that IT leaders may lack experience in change management. It’s worthwhile to remember the uncertainty felt by many prior to the widespread adoption of cloud technology. Critical levers to pull during your presentation. How we growing our advisory services?