ThomsonReuters

FEBRUARY 6, 2024

Examples of direct tax Understanding tax provision Understanding state apportionment Differences between direct and indirect taxes When a taxpayer must pay taxes directly to the government, meaning the taxes cannot be shifted to other entities or individuals, it is known as direct tax. This is the opposite of indirect tax.

Compliance 52

Compliance Finance 52

Audit Board

JANUARY 31, 2023

In our Spotlight on Success series, Gene Litvin, Manager, IT Governance, Risk, and Compliance of Edgewell Personal Care Company , shares how his team is taking advantage of connected data, greater visibility into status, and enhanced collaboration from expanding their use of the AuditBoard platform across the organization.

Compliance 52

Compliance Start-ups Marketability 52

Audit Board

FEBRUARY 7, 2023

The rise in third-party and environmental, social, and governance (ESG) risks impacts all areas of the business — including information security teams. It’s also starting to creep into the security and privacy world. Richard Marcus: It starts at the top with a well-thought-out risk and threat assessment.

Start-ups 52

Start-ups Compliance Technology 52

Audit Board

APRIL 7, 2022

One of the things that we’ve seen as we’ve explored that topic within my team is that you may start off thinking, ‘We have a risk that we’re not complying with regulations and what do we do about it?’ How good are we at automating our data flow, our lineage of data from point A to point Z across the company?

Start-ups 98

Start-ups Compliance Banking Technology 98

ThomsonReuters

NOVEMBER 30, 2020

It’s vital, for example, to make sure you start with only the essential, necessary data. Companies need to start treating their data as an essential asset,” Schwieterman says. Further, there’s even more potential change coming as various governments and legislative bodies are forced to grapple with their own declining revenue.

Finance 98

Finance Technology Start-ups 98

Audit Board

AUGUST 7, 2022

This article originally appeared on the ISACA blog. . Level 2 contractors will undergo a third-party assessment every three years, while Level 3 will be subject to government-led assessments. . While the exact requirements are under development, the government has stated that level 3 will require a subset of NIST SP 800-172.

Compliance 52

Compliance Start-ups 52

ThomsonReuters

OCTOBER 9, 2022

Over the past few years, the decision to embrace Environmental, Social, Governance (ESG) management principles has for many companies gone from being largely optional to obligatory. Employees want to work for companies that are governed with a larger universe of stakeholders in mind. ESG and the supply chain.

Technology 59

Technology Start-ups Compliance 59

Audit Board

DECEMBER 25, 2022

The outstanding speakers for AuditBoard’s webinars covered emerging risk topics impacting organizations like auditing Environmental, Social, and Governance (ESG) programs, cybersecurity, inflation, and Diversity, Equity, and Inclusion (DEI). The third trend in 2022’s webinars centered around adopting technology. 3 great speakers.”.

Start-ups 52

Start-ups Technology Equity Compliance 52

ThomsonReuters

JUNE 22, 2021

Their survey responses tell a compelling story: A majority (57%) anticipate significant changes to regulations governing indirect taxation. Specific strategies mentioned, in ranking order, are hiring external consultants, automation, streamlining processes, keeping up with legislation, and adding staff. _.

Technology 52

Technology Compliance Start-ups 52

ThomsonReuters

MARCH 25, 2024

DiSangro pointed to foreign aid, immigration, and government funding as bigger areas of focus for lawmakers at the moment. 2 – Simplifying data collection and R&D tax credit calculations Artificial Intelligence (AI) can play a significant role in simplifying and automating tax processes, making them more efficient and reliable.

Technology 45

Technology Compliance 45

Audit Board

JANUARY 12, 2023

But this often leaves organizations in a position where there is little certainty about where to start. . Using the shared principles of risk management, organizations should start by moving through the three relevant steps of risk identification, risk assessment, and risk treatment to build a cybersecurity risk management program.

Compliance 97

Compliance Start-ups Asset-based Approach Specific Risk 97

Audit Board

AUGUST 10, 2023

What Is Environmental, Social, and Governance (ESG) Reporting? ESG stands for Environmental , Social , and Governance. ESG reporting or disclosures involves releasing reports on a company or organization’s impact on the environment, society, and how their governance structure enables them to oversee these areas.

Compliance 52

Compliance Start-ups Data Analysis Equity 52

ThomsonReuters

NOVEMBER 30, 2020

It’s vital, for example, to make sure you start with only the essential, necessary data. Companies need to start treating their data as an essential asset,” Schwieterman says. Further, there’s even more potential change coming as various governments and legislative bodies are forced to grapple with their own declining revenue.

Finance 52

Finance Technology Start-ups 52

Audit Board

JANUARY 4, 2023

It’s been an interesting few decades, starting with companies struggling to get up to speed and into 2008, with the subprime mortgage and housing crash and added scrutiny applied to auditors and SOX. They are expected to ramp up enforcement actions and improve collaboration with other government agencies.

Compliance 52

Compliance Start-ups Technology Finance 52

ThomsonReuters

APRIL 18, 2023

For private entities, it is effective for fiscal years starting after Dec. 15, 2021, and for interim periods within fiscal years starting after Dec. According to recent Thomson Reuters research, increasing automation is the option most often mentioned among firms looking to fill gaps in talent.

Technology 52

Technology Compliance Start-ups Finance 52

ThomsonReuters

SEPTEMBER 7, 2023

To keep up, more and more accountants are streamlining data entry with scan-and-populate solutions that automate the tax prep process and create a seamless client experience. government to help offset qualified expenses associated with adopting a child. The child must be under the age of 13. What is the adoption tax credit?

Start-ups 52

Start-ups Dividends Compliance Technology 52

FE International

APRIL 13, 2022

With inflationary pressures and increased national debt across most developed nations, many will be making more conservative decisions in 2022 as they expect to bear some of that burden from the government, such as through higher taxes. Business owners have always had to be conscious of both macro- and micro-economic factors when planning.

Private Equity Firm 52

Private Equity Firm Equity B2C Start-ups 52

Audit Board

AUGUST 1, 2023

Types of IT Cyber Threats Since a major component of any risk management methodology is the identification of risks — which can sometimes be the hardest part to get started with — we have identified some common IT cyber risks that all organizations should be aware of. This can have significant costs for organizations.

Technology 52

Technology Start-ups Compliance Marketability 52

Audit Board

AUGUST 29, 2023

Indeed, breaking down silos and improving collaboration across assurance teams are key to getting ahead of risk. As climate impacts continue proliferating, environmental, social, and governance (ESG) regulatory activity continues escalating. The world has always known chaos. growth, inflation, interest rates, liquidity).

Technology 52

Technology Compliance Start-ups Banking 52

Audit Board

SEPTEMBER 20, 2023

Those pillars are: strategy, risk assessment, entity-level controls, control selection, testing strategy, evaluating results, and governance. ICFR’s importance rose with the Sarbanes-Oxley Act of 2002 in the U.S., Mature ICFR programs will see strategy driven by culture and values.

Compliance 52

Compliance Technology Start-ups Accounting Firms 52

Audit Board

JUNE 13, 2022

Identifying and implementing processes that track governance goals, risk ownership and accountability, and compliance. Integrated risk management (IRM) is a strategic and collaborative way for organizations to manage risk across their entire group. 6: Project Prioritization. 7: Comprehensive Views. 5: Monitoring. 6: Technology.

Compliance 52

Compliance Technology Start-ups Marketability 52

Audit Board

SEPTEMBER 14, 2023

A company that relies on a third-party for company communications might have an operational risk associated with using that vendor, should an outage occur or services get suspended. What is Vendor Risk? Vendor or third-party risk is any risk that originates from relationships with vendors and third-parties.

Compliance 52

Compliance Start-ups Accounting Firms Technology 52

FE International

APRIL 20, 2022

With inflationary pressures and increased national debt across most developed nations, many will be making more conservative decisions in 2022 as they expect to bear some of that burden from the government, such as through higher taxes. Business owners have always had to be conscious of both macro- and micro-economic factors when planning.

Private Equity Firm 98

Private Equity Firm Equity Start-ups Business Valuation 98

FE International

DECEMBER 31, 2021

There have been a few examples of analysis from Centurica and SitePoint , which can provide a helpful starting point for new investors. At FE International we value and broker the sale of internet businesses with a wide range of monetization strategies (e.g. SaaS, AdSense, Subscription) across almost every niche. Discounted Cashflow Analysis.

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Weighted Average Cost of Capital Business Valuation Precedent Transaction Analysis Start-ups 52

ThomsonReuters

APRIL 12, 2021

In a new episode of the Tax & Tech Talks podcast series, experts from KPMG and Thomson Reuters discuss how companies are turning to automation and analytics software to stay ahead of changes buffeting indirect tax management. _. Changing tax rules and rates: Governments look to indirect taxes for revenue after COVID-19 stimulus packages.

Compliance 98

Compliance Technology Start-ups Treasury 98

ThomsonReuters

MARCH 19, 2024

How can automation help in an audit defense? And even if a company decides to pay an assessment and get on with business, it must decide whether to fix the issue that led to the audit in the first place, or agree to disagree and fight the issue again in the next audit. Jump to: When should you contest an audit? If so, by how much?

Start-ups 52

Start-ups Compliance Technology 52

Audit Board

AUGUST 17, 2023

These examples are not meant to be comprehensive, but are instead intended to provide ideas to get you started. With constant improvements and technological advances, organizations regularly add new applications, consolidate functions, and move systems to the cloud.

Start-ups 52

Start-ups Technology Compliance 52

ThomsonReuters

DECEMBER 11, 2023

In the first two installments of our blog series on e-invoicing and Continuous Transaction Controls (CTC), we discussed the basics of e-invoicing and how it affects tax teams and compliance efforts. The purpose of this series is to help readers gain a better understanding of e-invoicing and CTC, and their impact on corporate tax teams.

B2B 59

B2B Start-ups Compliance B2C 59

ThomsonReuters

NOVEMBER 17, 2022

Growing adoption of Environmental, Social, Governance (ESG) management principles that require companies to manage their supply chains “sustainably” and “responsibly,”, especially in the areas of environmental impact and worker exploitation. Getting started on supply-chain due diligence best practices.

Technology 59

Technology Compliance 59

Audit Board

JUNE 8, 2023

How can the business provide reasonable assurance that the final number that gets reported out to investors is complete and accurate? Privacy regulations like GDPR have galvanized other geographies into implementing privacy regulations around personal data, or at least starting the conversation.

Compliance 52

Compliance Start-ups Technology Accounting Firms 52

Audit Board

MAY 3, 2023

The most widely recognized framework for internal controls is published by the Committee of Sponsoring Organizations of the Treadway Commission (COSO), which is a private-sector organization dedicated to providing organizational governance and internal controls guidance. What Are the Types of Internal Controls ?

Compliance 52

Compliance Technology Start-ups 52

Appraisers Blog

MAY 3, 2023

’providing complete accountability (regarding government regulatory compliance through automation.) It only gets better. Appraiser bias is just an excuse to scoot what nobody in the appraisal industry actually wants, onto our plates, more automation. I like to use the 15 per page ones. link] Q32, MISMO scheme 3.6

Appraisal 86

Appraisal Comps Start-ups Compliance 86

ThomsonReuters

OCTOBER 26, 2020

The British government made a clear statement that “the talks were over” when the Prime Minister warned businesses to prepare for a no -deal scenario when the EU Transition Agreement co ncludes by the end of this year. Many UK industries (e.g.,

Compliance 40

Compliance Technology Start-ups Banking 40

Audit Board

AUGUST 18, 2022

Automation technology is now in users’ hands. The proliferation of highly accessible low-code and no-code automation technologies means that IT no longer holds the reins. Users are driving rapid adoption across functions, capitalizing on their increased ability to use automation to both transform and disrupt their organizations. .

Compliance 52

Compliance Technology Finance 52

Cooley M&A

JANUARY 25, 2024

In such an environment, global M&A activity experienced a 17% drop in value from the previous year, plummeting to $2.9 trillion – representing a 10-year low. That figure also falls considerably short of pre-pandemic levels, with deal values hitting $4.11 trillion and $4.09 trillion in 2018 and 2019, respectively [1].

Start-ups 52

Start-ups Marketability Finance Debt Financing 52

ThomsonReuters

JUNE 2, 2023

But it was not until the 18th Century when the term “payroll” was coined that payments started to be described as “compensation” instead of in the form of resources (i.e., ” Tiliakos started. where worker pay details were chiseled into stone tablets. food, housing, and clothing).

Start-ups 59

Start-ups Technology Banking Finance 59

ThomsonReuters

MARCH 2, 2021

With the right tax data software, your tax department can save money by automating and standardizing processes across the organization and enhancing accuracy and timeliness. Here are four ways to get started: . Digital tax processes like MTD will increasingly be mandated by suppliers and governments around the world.

Technology 52

Technology Start-ups Compliance Finance 52