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Selling Your Business in Uncertain Times: Strategies for Navigating the Current Economic Landscape

Sun Acquisitions

Economic downturns, market disruptions, and unforeseen global events can all throw a wrench into even the most well-laid plans. For business owners looking to sell their companies, these uncertain times can add more complexity to a significant decision.

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How corporate trade and tax professionals can be smart about mapping and product classification

ThomsonReuters

Selecting the correct product classification codes and ensuring compliance with frequently changing and sometimes uncertain rules in one country can be complicated enough. This straightforward task becomes a monumental challenge when dealing with complex tax codes, global operations, and time constraints. The stakes are high.

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How to streamline accounting processes—a step-by-step guide

ThomsonReuters

With strong documentation, you can formulate a plan, gain approval, and implement/augment technology to streamline your accounting processes. . Take some time to evaluate your firm, identifying your overall goals, and your pain points. But how do you take full advantage of technology to streamline accounting processes? .

Start-ups 105
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7 Proactive Approaches Internal Audit Can Take to Adapt to Economic Uncertainty

Audit Board

Download the full report here, and continue reading to learn proactive approaches auditors can adopt to help their businesses thrive in times of uncertainty. Resilience in Times of Crisis: How has the Past Shaped the Present? Does it align with your business’s strategic goals?

Banking 52
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Staying up to speed with artificial intelligence in accounting

ThomsonReuters

This means auditors can shift away from sampling in favor of reviewing all of a client’s transactions in real time. This helps accountants find the best possible answers in the least amount of time based on natural language questions. Artificial intelligence (AI) has proven that it is a far cry from just a buzzword.

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What Does A Good Document Workflow Software Look Like?

ThomsonReuters

This creates myriad problems: It wastes time. Most corporate tax departments spend up to 80% of their work hours collecting and entering information—busy work that leaves little capacity left to deliver greater strategic value to the company. A Piecemeal Approach. There is a lack of visibility. It creates inaccuracy.

Beta 52
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Top Headlines That Defined Internal Audit in 2022

Audit Board

Global Economic Growth Slows Amid Gloomy and More Uncertain Outlook. grow more uncertain. I’m pleased to continue the tradition, as 2022 gave us no shortage of worthy headlines. As we look back over the past year, the following headlines influenced internal auditors’ focus in 2022. . Many markets hit peak inflation above 10%.