ThomsonReuters

JULY 6, 2023

If you are an accounting professional who has been contemplating a change in career path, you’re not alone. Accountants have the knowledge and experience necessary to work as trusted advisors to the public or within a company, so your certification qualifies you for a variety of career paths. What career can an accountant switch to?

Finance 98

Finance Accounting Firms Start-ups Technology 98

ThomsonReuters

APRIL 25, 2024

When it comes to navigating the tax landscape of 401(k) contributions and withdrawals, it’s important for accountants to stay informed and help clients make tax-efficient decisions during their retirement years. Let’s take a look at some commonly asked questions and answers on 401(k) tax considerations for contributions and withdrawals.

Compliance 52

Compliance 52

ThomsonReuters

NOVEMBER 8, 2022

The goal of any assessment is to gather data to identify risks, opportunities, and priorities. Take some time to evaluate your firm, identifying your overall goals, and your pain points. Then, do some research to see how technology can help you overcome challenges and achieve your firm’s goals. . The result? Identify issues.

Start-ups 105

Start-ups Technology Accounting Firms Compliance 105

Audit Board

JUNE 2, 2022

Whether an organization works with 10, 1,000, or 10,000 third parties, any third-party risk management (TPRM) program faces the same challenges: organization, visibility, and limited resources. How an organization approaches these challenges from the beginning can set a third-party risk program up for success or failure.

Technology 52

Technology Compliance 52

ThomsonReuters

JULY 6, 2023

Advisory services make sense for accounting firms who already have the trust of their clients and are looking to provide a more robust and holistic set of services, while also growing their business. Let’s take a look at the basics. What is accounting advisory?

Start-ups 88

Start-ups Compliance Accounting Firms Technology 88

Audit Board

SEPTEMBER 7, 2023

Many have responded by creating an ESG Program Manager and/or ESG Controller role, raising a compelling question: Is ESG creating a new “second line of defense” function, adding a fresh layer to the Institute of Internal Auditors’ (IIA’s) Three Lines Model ? Every company wants to know how other companies are handling ESG.

Compliance 52

Compliance Start-ups Specific Risk Marketability 52

Audit Board

DECEMBER 7, 2022

An ESG risk and reporting program should not be implemented in isolation — it should be part of a larger, integrated risk management approach. AuditBoard and Deloitte’s new guide, How to Audit ESG Risk and Reporting , explores how auditors can strategically integrate ESG into their audit planning and activities. Where is it housed?

Compliance 52

Compliance Marketability 52

Audit Board

MARCH 7, 2023

AuditBoard’s Step-by-Step Guide to Building Your ESG Program: Resources, Best Practices, and Key Considerations offers resources and guidance to help you understand the big picture and make the right choices for your ESG program. But when it comes to ESG, nobody’s expecting perfection — yet. But how do they choose? Mainly caters to investors.

Enterprise Value 52

Enterprise Value Start-ups Finance Marketability 52

Audit Board

JUNE 13, 2022

Integrated risk management (IRM) is a strategic and collaborative way for organizations to manage risk across their entire group. This strategy accepts risk as a part of doing business, and pulls it into a company’s culture so that the organization manages risk as a part of both daily operations and long-term strategy.

Compliance 52

Compliance Technology Start-ups Marketability 52

Audit Board

JULY 27, 2022

When you are presenting to the audit committee, you should not be presenting the results of audits — you should be discussing how well management is addressing risks that impact the organization’s ability to meet its objectives. Maintaining strong organizational governance requires the CAE and the audit committee to work in sync.

Compliance 89

Compliance Technology 89

ThomsonReuters

JANUARY 4, 2024

With outsourced staff managing routine tasks, specialized work can be handed off to in-house staff members. The benefits of this strategy are two-fold. But where do you begin building your tax planning strategy? In fact, many firms are opting for outsourcing rather than hiring full-time employees. Partial outsourcing is also an option.

Accounting Firms 78

Accounting Firms Technology Compliance Marketability 78

Audit Board

APRIL 27, 2023

The audit team’s ultimate goal is to be a highly valued business partner to other segments of the organization. The goal of an internal audit is to provide independent assurance over a company’s operations. The goal of an internal audit is to provide independent assurance over a company’s operations. What Is Internal Auditing

Compliance 52

Compliance Start-ups Technology Finance 52

Audit Board

JANUARY 23, 2023

Designed to help restore trust through greater transparency, the Code provides investors with information about how governance contributes to managing environmental and social impacts. This can leave us wondering whether we are focusing on the right things to stay informed and prepared. Companies Act 2006 (directors’ duties).

Start-ups 52

Start-ups Compliance Banking 52

ThomsonReuters

SEPTEMBER 8, 2023

Choosing the right business structure for entrepreneurs Business owners can structure their companies in several different ways , depending on the size of the business, its growth potential, how the business is managed, how the owners want to be taxed, and many other variables. Jump to: What are the main types of business ownership?

Start-ups 75

Start-ups Compliance Dividends Business Enterprise 75

Internal Audit 360

SEPTEMBER 1, 2022

Rather, the internal auditor is a person who helps guide the company by taking into consideration its long-term vision. The Board of Directors directly collaborates with the qualified internal auditor to address the gaps in the management system. I t’s easy for internal audit to get stuck in a rut.

Marketability 98

Marketability 98

Audit Board

MAY 31, 2023

Often the team is laser-focused on growing the business and achieving its goals with little thought into establishing a well-controlled environment. Utilize an Internal Consulting Service Many internal auditors possess an invaluable skill set: a strong consulting mindset.

Start-ups 52

Start-ups Compliance 52

Audit Board

MAY 5, 2023

They’re looking to companies to really set that best practice and shape ESG practices for themselves.” They’re looking to companies to really set that best practice and shape ESG practices for themselves.” Claire Feeney: “We’re seeing ESG becoming more and more a key part of risk management and, in turn, embedded in business strategy.

Start-ups 52

Start-ups Compliance Technology Marketability 52

Audit Board

DECEMBER 14, 2022

For example, a business that plans to expand into the European market will benefit from complying with ISO 27001 , the leading international standard for information security management systems, in addition to the EU’s GDPR standard. . Common Reasons for Performing a Gap or Readiness Assessment. Customer/contractual commitments.

Compliance 52

Compliance Technology Marketability 52

Audit Board

NOVEMBER 8, 2023

Read on to learn how to be PCI compliant — we’ll cover the basics of the PCI DSS requirements and present you with a nine-step guide for getting and staying compliant. Read on to learn how to be PCI compliant — we’ll cover the basics of the PCI DSS requirements and present you with a nine-step guide for getting and staying compliant.

Compliance 52

Compliance Start-ups Banking Technology 52

Audit Board

FEBRUARY 13, 2023

Learn seven best practices financial services audit teams should consider when building an agile auditing transformation plan, and download AuditBoard’s full guide, Conquering Heightened Risk Exposure in Financial Services: 7 Steps to Transform With Agile.

Start-ups 52

Start-ups Technology Banking Compliance 52

Audit Board

AUGUST 1, 2023

The SEC recently adopted their proposed rules, including those regarding Cybersecurity Risk Management on July 26, 2023. The stakes and expectations of an organization’s IT Risk Management capabilities have never been higher – and as we all know, the dollar impacts are real.

Technology 52

Technology Start-ups Compliance Marketability 52

ThomsonReuters

MAY 5, 2022

As a guiding principle for many businesses, focusing on “quality over quantity” can help your firm achieve better results. As a guiding principle for many businesses, focusing on “quality over quantity” can help your firm achieve better results. How did your firm fare this year?

Accounting Firms 96

Accounting Firms Start-ups Technology Marketability 96

ThomsonReuters

JANUARY 18, 2024

Accountant duties, in general, involve the preparation and examination of financial records, and they possess a distinct set of skills to effectively serve as their clients’ trusted advisor. Jump to: What are the roles and responsibilities for accountants? Accountant vs. CPA vs. tax preparer: What are the differences? Preparing tax returns.

Technology 59

Technology Compliance Finance Marketability 59

ThomsonReuters

MARCH 21, 2023

This article will explore how firms can transform a disengaged team and provide actionable insights firm leaders can set in motion today. This article will explore how firms can transform a disengaged team and provide actionable insights firm leaders can set in motion today. What does a disengaged team look like?

Start-ups 52

Start-ups Finance 52

Audit Board

MAY 2, 2023

This not only helps build trust with stakeholders, but also enables companies to better manage ESG risks and opportunities. Scope 3 Emissions: Disclosures required if a material or public goal is set. The likelihood of negative climate impacts if global warming exceeds 1.5°C, Purchase energy for company facilities or vehicles.

Compliance 52

Compliance Equity 52

Audit Board

AUGUST 10, 2023

The SEC’s announcement suggested that these reporting processes take a risk management-based approach. The proposal aims to standardize ESG reporting, giving investors and other stakeholders a common foundation with which to make their decisions. What Are ESG Metrics?

Compliance 52

Compliance Start-ups Data Analysis Equity 52

Internal Audit 360

APRIL 13, 2023

GUEST BLOG Editor’s Note: The views expressed here are the opinions of the author. I n March, the Institute of Internal Auditors released a draft version of an overhaul of its professional practice standards and framework that intend to guide the behavior and actions of internal auditors as they carry out their work.

Start-ups 110

Start-ups 110

Audit Board

JANUARY 25, 2023

In addition, these new reporting efforts have created independent cost structures within companies dedicated to managing sustainability and ESG risks in an ad-hoc, fragmented way. However, this information’s reliability, meaningfulness, and use are suspect. Momentum is growing, and not simply due to impending regulation.

Start-ups 52

Start-ups Technology Compliance 52

ThomsonReuters

MAY 12, 2022

This sales tax audit guide can help indirect tax teams avoid common audit triggers and manage the sales tax audit as smoothly as possible. Download our free whitepaper on managing sales and use tax audits. A specialist can negotiate the terms of the audit and manage how much access the auditor has to your business.

Compliance 105

Compliance Technology 105

ThomsonReuters

SEPTEMBER 17, 2021

Though viewed with certain strengths such as agility, the small accounting firm has its own unique set of challenges due to size. With the key stakeholders, I want to guide the path, which fits nice into the advisory services world, because that is where a lot of planning and conversations come from. “If

Accounting Firms 52

Accounting Firms Start-ups 52

Sun Acquisitions

DECEMBER 29, 2021

That’s why M&A expert, Domenic Rinaldi, has put together this tactical due diligence guide complete with an actionable checklist to ensure you’ve got all your bases covered. It will act as the anchor, framework, and guide for all ensuing negotiations and due diligence procedures. Mergers and acquisitions are complex.

Start-ups 52

Start-ups Marketability Technology Banking 52

Audit Board

JULY 19, 2023

As Cynthia Cooper and I wrote in the introduction to AuditBoard’s 2023 Organizational Culture and Ethics Report: Internal Audit’s Role in Unlocking Culture as Catalyst and 21st-Century Differentiator , “You cannot manage what you do not monitor. It isn’t just internal auditors who are hesitant when it comes to culture.

Start-ups 52

Start-ups Compliance 52

ThomsonReuters

AUGUST 2, 2022

Many firms have historically employed dedicated staff to manage specific manual tasks and processes. With The Great Resignation accelerating staffing challenges for accounting firms of all sizes, it might be time to look for a non-traditional new hire: technology. What did firms learn about talent gaps during the pandemic? Cloud technology.

Accounting Firms 98

Accounting Firms Technology Compliance 98

ThomsonReuters

NOVEMBER 15, 2023

For accountants, it’s important to understand the specific guidelines set forth by the IRS for individuals and organizations who make donations to non-charity organizations. Jump to: Are political donations tax deductible? Are church donations tax deductible? Are GoFundMe donations tax deductible? Are PAC donations tax deductible?

Compliance 98

Compliance Fair Market Value Appraisal Banking 98

Audit Board

AUGUST 17, 2023

At the time, we looked for resources to help guide us on how and when to conduct an audit, but ultimately we had to make decisions that worked for our company on our specific project. After considering all the alternatives, we met with management to discuss which route would benefit the company best.

Start-ups 52

Start-ups Technology Compliance 52

Audit Board

DECEMBER 19, 2022

In this episode of FutureRisk, John Wheeler, former Gartner IRM Analyst and AuditBoard’s Senior Advisor, Risk and Technology, sits down with Rachelle Butler, IT Risk Management Leader at Boeing , to discuss how her team approaches the four key risk objectives of performance, resilience, assurance, and compliance, including: .

Compliance 52

Compliance Start-ups Technology 52

ThomsonReuters

FEBRUARY 23, 2024

White paper This survival guide offers strategies and tips from former auditors on how indirect tax teams can avoid audits and minimize their effects. Download our free whitepaper on managing sales and use tax audits. Jump to: Why is it important to be proactive toward sales tax audits? When and how should tax systems be upgraded?

Start-ups 52

Start-ups Technology Compliance 52