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3 steps to identify and fix bottlenecks in your firm’s workflow

ThomsonReuters

Here’s how you and your team can come to such a meeting of the minds: Get supplies : you’ll need some sticky notes, markers, and red/yellow/green stickers. You’ll want to explore what, if any, artificial intelligence (AI), or generative AI-powered solutions , can help you eliminate those time-consuming manual processes.

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Calculating the benefits of direct tax software

ThomsonReuters

When firms have access to a singular platform that drives automation and improves tax reporting efficiencies, they are better positioned to meet client expectations quickly and accurately. The post Calculating the benefits of direct tax software appeared first on Tax & Accounting Blog Posts by Thomson Reuters.

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SOX Trends for 2023: Budget Pressure, Economic Instability and More

Audit Board

Meanwhile, inflation and ongoing supply chain issues cause extreme variability in costs and are impacting an organization’s ability to forecast and meet demand. Auditors are challenged with focusing more on internal control processes, while geopolitical crises and economic uncertainty undermine assumptions and methods for data collection.

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Modern Metrics for High-Value Internal Audit

Audit Board

Potential measures: A simple KPI could be the number of meetings held with the C-Suite to discuss the rolling plan coupled with stakeholder feedback on the effectiveness of the IA coverage, are we auditing the right things? . Helping save money (for example, identifying way to eliminate duplicate payments and unnecessary controls).

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Everything Starts With a Why: How to Promote Meaningfulness at Work

Audit Board

Moving Beyond the Meaningless and Mundane A recent work study of employees’ habits draws the startling conclusion that we waste six weeks each year on a combination of“duplicated work and unnecessary meetings.” They should be eliminated wherever possible — that’s why we have technology! Green tasks are core to performance.

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Conducting Cybersecurity Risk Assessments Guide: The Complete Introduction

Audit Board

It is a means of conducting basic risk assessments that will meet the requirements of most commonly-used cybersecurity frameworks. Organizations have multiple options for treating risks, and should choose the option that is the most effective at reducing/eliminating the risk to the organization. Treating Cybersecurity Risks.

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What Is a Risk Assessment Matrix? And Why Is It Important?

Audit Board

While you’ll never be able to eliminate business risk entirely, prevention is the best insurance against loss. After all, if you incorrectly determine the probability of a risk, you’ll be missing a critical opportunity to prevent unnecessary value losses. Easy Prioritization of Risks All risks aren’t equal.