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The imperative to adapt to changing technological landscapes is a permanent fact of business life. But today, the pace of that change has greatly accelerated — particularly in the domains of artificial intelligence and blockchain technologies. New technology brings new risks. Schwartz , and David M. Adlerstein.
Virtual capabilities and electronic documents are double-edged swords. Modern information technology can markedly improve the efficiency and quality of the deliberative processes of corporate boards of directors. This post is based on their article , forthcoming in Directors and Boards Magazine.
Key Themes The Agenda Consultation document highlights several key themes for consideration: Environmental, Social, and Governance (ESG): Recognising the growing importance of ESG factors in valuation, this topic explores how these elements impact valuation processes and the need for additional standards.
when running a small business or even working in a larger corporate environment involved a ton of phone calls, writing, typing, and mailing hard copies of letters and documents, while advertising in local trade journals or yellow pages. Have you created a paper-free environment in your business?
Even as accounting firms emerge from the COVID-19 pandemic with a new appreciation for technology’s ability to enable remote work and seamless collaboration, a new challenge has surfaced. Increasing productivity with tax technology. So, how can tax technology boost the agility of your firm? Detect inaccuracies.
As companies emerge from the COVID-19 pandemic and face subsequent challenges resulting from The Great Resignation, technology has emerged as a necessity for small and large businesses alike. What is accounting technology? . technology?is?the Today, technology has impacted accounting firms in a positive way. Accounting?technology?is?the
Is your firm running its gears on outdated accounting technology? In fact, a recent survey by Accounting Today found that half of the firms surveyed said they plan to boost their spending on technology in 2023. However, the survey also found that keeping up with changes in technology is among the top challenges facing firms.
Today’s accountants must not only be up to date on the latest tax regulations, but also understand accounting technology and how it can be leveraged to boost efficiency, accuracy, and productivity. How is information technology used in accounting? Today, technology has changed the accounting industry.
The good news is technology can now support consistent, accurate, automated global reporting and alleviate local issues related to language translation and country-specific tax rules, document formats and filing requirements, and generally accepted accounting principles. _. Watch the entire episode. That’s our guiding principle.
In a new working paper , we examine what quantitative human capital disclosures look like for more than 2,000 publicly traded firms and document how they changed in response to the amendment to Reg S-K. This post is based on their recent paper.
But in today’s fast-paced business environment, the role of technology is becoming increasingly crucial for success. Virtual data rooms (VDRs) and AI-powered document review tools have revolutionized the game. VDRs offer secure, cloud-based platforms for storing and sharing vast documents.
← Blog home In the rapidly evolving field of auditing, AI-powered technologies are revolutionizing traditional processes. As emerging technologies and regulations reshape the field, many auditors find themselves grappling with outdated processes and inefficiencies. link] How can AI-powered technology help audit professionals?
Learning curves and misperceptions of new technology Older systems that lack integration capabilities Age-old processes Lack of process documentation when senior staff leave Process improvement requires an open mind Automation and GenAI has serious advantages for tax departments, assuming teams are open to change. Plan for change.
These updates take into account various factors, such as ongoing changes in global markets and valuation practices, increasing use of technology and data sources, growing demand for clarity in valuation processes, and the need to address new types of assets and liabilities, including environmental, social, and governance (ESG) factors.
When you tokenize a collectible like a 1708 Stradivarius violin, as your company did recently, don’t you still have to go through the same demanding documentation process as you would if you sold it through an auction house? With a traditional IPO or a bond issuance, you have the legal documents, which are pretty standard across the industry.
Posted by Daron Acemoglu (MIT), Alex He (University of Maryland), and Daniel le Maire (University of Copenhagen), on Monday, June 27, 2022 Editor's Note: Daron Acemoglu is Institute Professor of Economics at Massachusetts Institute of Technology; Alex He is Assistant Professor of Finance at the University of Maryland Robert H.
Over the last few years, as many companies (particularly those with a technology focus) went public, either through traditional IPOs, direct listings or de-SPAC transactions, a very popular compensation trend emerged whereby founders and/or CEOs were granted large incentive awards with vesting tied to very challenging stock price goals.
However, with the rapid advancement of technology, the landscape of M&A due diligence is undergoing a transformative shift. In this blog post, we explore the emerging role of technology in enhancing M&A due diligence processes, revolt, and ionizing the way deals are evaluated and executed.
This substantial update includes new chapters on Data & Inputs, Documentation, and Financial Instruments , alongside a reordered General Standards section that more accurately reflects the modern valuation process. Documentation Updated requirements for comprehensive record-keeping in line with national standards and regulations.
The traditional approaches that built successful practices are increasingly insufficient for meeting a pace of change that shows no signs of slowing Enter agentic AI, a technology that has already moved from “nice to have” to “must have” in the relatively brief time it’s been around.
Most accountants know that choosing the right accounting technology can boost the ability to serve clients, satisfy staff, and build deeper client relationships.?But But how do you take full advantage of technology to streamline accounting processes? . Here’s how to start: Document your processes. The result?
Very often, these protocols are controlled not by a central managerial authority or corporate organizational documents, but rather by a diffuse group that governs the protocol by referendum, in accordance with parameters built into the computer code.
Benchmark International has successfully facilitated the transaction between Orlando, FL-based Jardon & Howard Technologies (JHT) and Lexington Park, MD-based Precise Systems (Precise). JHT offers training and simulation solutions, technical documentation, and professional staffing support.
Pender" or the "Company") is pleased to announce the completed acquisition of four technology companies from Pluribus Technologies Corp. The four technology companies acquired are: POWR Inc. VANCOUVER, British Columbia, Oct. 11, 2024 (GLOBE NEWSWIRE) -- (TSXV: PTF ) Pender Growth Fund Inc. Pluribus") (TSXV: PLRB ).
Making automation technology a centerpiece of our daily workflow is one critical way to relieve accounting staff shortages and open up new opportunities for the accounting industry. Accessing the landscape of accounting staff shortages A perfect storm of challenges has brought the accounting profession to this point. Detect inaccuracies.
Another challenge is technology and how it will change the landscape of the profession. Professional organizations are going to have to be proactive in preparing the profession for this change by providing education and try to guide the technology to be an aid for the profession and not a replacement.
These include IKAR, a Gen AI chatbot for cash management product-documentation inquiries; and the Digitrade Tool, which uses advanced data analytics, including algorithms and pattern recognition, to personalize the document-checking process. It also utilizes the most comprehensive library of global payments documentation available.
By leveraging AI-powered tax technology , accounting firms of all sizes can automate routine tasks, reduce human error, and free up valuable time for more strategic activities that deliver greater value to clients. Workflow automation One of the most impactful contributions of AI in accounting lies in workflow automation.
Technology has played a transformative role in reshaping the M&A landscape in recent years. From due diligence to post-merger integration , technology has streamlined processes, improved decision-making, and enhanced the overall efficiency and success of M&A transactions.
Traditionally, due diligence was a laborious process involving extensive manual review of documents and financial records. However, the landscape is rapidly evolving, thanks to technology integration and data analytics. Speed and Efficiency: Technology has drastically accelerated the due diligence process.
According to people familiar with the situation and a document viewed by The Information -- a well-respected source for i mportant, deeply reported stories about the technology industry -- Broadcom is using supply-chain issues to justify forcing customers to adopt exclusive agreements.
a global leader in fund administration solutions and technology, has successfully acquired assets of Praxonomy Ltd. Praxonomy, a UK-based software company, specialized in optimizing board governance through secure, intuitive, and efficient technology. CHICAGO, May 01, 2025 (GLOBE NEWSWIRE) -- Formidium UK Ltd.,
Let client needs lead the way Find a trusted AI technology provider as a partner Focus on building trust Clarify the complex with AI-powered technology solutions By automating routine tasks, tax professionals can use AI to redirect efforts toward more client-focused work that’s typically more fulfilling and profitable.
We spend so much time on control documentation for a good reason: we must be clear on how a control process works. Having up-to-date training programs and documentation is crucial for new control owners to learn how to operate a control process so this does not happen. Implement Modern Connected Risk Technology.
Just recently, for example, we had the task of comparing a 900-page PDF document to an Excel document that was in a slightly different format. We may have a few years before this technology becomes advanced, but probably only a few. But then I have a very boring task to do, and I wonder why I can’t just ask a machine to do it!
Boilerplate was literally cut from a ‘Xerox’ of a prior document and pasted onto a page with original writing and then turned over to a typing pool. Glossy photographs from film cameras were mounted into the final documents. Principles-based standards also are better adapted to the fast pace of technological change.
In February, electric vehicle battery maker Contemporary Amperex Technology (CATL) submitted listing documents to HKEX. According to Bonnie Chan, HKEXs CEO, nearly 100 companies were in the citys IPO pipeline as of January. The Ningde-based company will likely raise $5 billionpotentially the SARs biggest IPO in more than four years.
By incorporating the latest technology, accounting firms can manage their tax compliance obligations more efficiently, while also providing staff with the tools and resources they need to stay informed and maintain a work-life balance. By driving efficiency through automation, accountants can optimize the 1040 process.
It also clarifies engagement partner duties, shortens documentation timelines, and incorporates modern terminology to reflect technological progress in auditing. Updates to documentation requirements AS 1000 also introduces changes to the documentation requirements for auditors.
Selling a business in Information Technology (IT) or within the Managed Services Provider (MSP) space means getting both of these things right. Sellers should also streamline all operations and document standard operating procedures. Before you take the next step, lets walk through some key factors to consider.
Medicine Man Technologies operating as Schwazze, (OTCQX: SHWZ ) (NEO: SHWZ) has signed definitive documents to acquire certain assets of Standing Akimbo LLC. The proposed transaction includes the medical cannabis dispensary located at 3801 Jason Street in Denver, Colorado.
To do this, auditors must leverage technology and data analytics to innovate and sustain their edge over the competition. In this article, we will explore how using data analytics and automation can help enhance the auditing process, achieve greater operational efficiency, and ultimately set your firm apart.
Skip to main content Overcoming two issues that are sinking gen AI programs June 6, 2025 | Article Curt Jacobsen  Erik Witte Kaz Kazmier  Oscar Villarreal Hard experience has revealed common technology pitfalls in building a gen AI capability and proven strategies for overcoming them.
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