Audit Board

MAY 2, 2023

Internal audit, as an objective third line of assurance, plays an integral role by providing assurance surrounding the accuracy and reliability of a company’s ESG reporting. By conducting thorough reviews and assessments, internal auditors can identify areas of risk and provide recommendations to strengthen ESG reporting.

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Compliance Equity 52

ThomsonReuters

DECEMBER 19, 2023

How are environmental taxes calculated? That’s why it’s important to understand the complexities of these initiatives and how making eco-friendly choices can maximize tax savings. How are environmental taxes calculated? Accountants should be well-versed in these initiatives to assist clients in optimizing their tax strategies.

Compliance 52

Compliance Finance Accounting Firms Marketability 52

Audit Board

JULY 5, 2023

Navigating economic uncertainty is a formidable challenge that demands resilience and adaptability from internal audit professionals of all industries. Download the full report here, and continue reading to learn proactive approaches auditors can adopt to help their businesses thrive in times of uncertainty.

Banking 52

Banking Finance Marketability 52

ThomsonReuters

JUNE 9, 2023

Accountants can provide invaluable assistance here by verifying ESG reports and helping to guarantee the accuracy of DEI information. Accounting firm leaders need to rethink how these anonymous reporting systems are designed and how penalties are handled when multiple reports are made against the same person.

Accounting Firms 98

Accounting Firms Data Analysis Compliance Finance 98

Internal Audit 360

MARCH 29, 2023

These certainly seem more plausible—the flat-footed gait and long stride point to something strange being out there. Data conformance to hypotheses is critical when testing full datasets and positions internal auditors to size issues more precisely with a clear audit trail for all exceptions. What about the footprints?

Banking 98

Banking 98

Internal Audit 360

NOVEMBER 7, 2022

I began my audit career in a very different world. Eventually, I left the competitive world of external audit and firm politics behind and moved into an internal audit role. I’ve been here ever since and learned how to provide value in different internal audit roles. GUEST BLOG POST. Keep reading!

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Start-ups Banking 98

Audit Board

JANUARY 23, 2023

Yet, despite the challenges accurate ESG reporting may present, now is the time for organisations to step up. According to a recent global PwC report , 44% of investors say that tackling climate change should be a top-five priority for companies, while 78% of investors believe that greenwashing is prevalent in corporate reporting.

Start-ups 52

Start-ups Compliance Banking 52

Audit Board

AUGUST 29, 2023

We are in a state of persistent crisis, with no sense of how we’ll escape. I’m honored to provide a keynote at AuditBoard’s Audit & Beyond Conference taking place in San Diego from October 17-20, 2023; my session will explore the 2024 transformation priorities that risk and audit professionals must embrace in the era of permacrisis.

Technology 52

Technology Compliance Start-ups Banking 52

ThomsonReuters

APRIL 18, 2023

For accounting professionals, payroll services have long been viewed as a time-consuming, high-risk loss leader. To better help clients navigate payroll, it is important that accounting professionals understand some of the most common payroll mistakes and how to avoid errors before they arise. What are common payroll errors?

Compliance 107

Compliance Technology 107

Audit Board

AUGUST 16, 2023

In times of economic crisis, business leadership must lean on the guidance and insights of its audit, risk, and compliance professionals to make decisions that protect value. Experts from AuditBoard, the Chartered IIA, and SoftwareOne discuss the role internal audit can play in periods of economic volatility.

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Compliance Marketability 52

Audit Board

FEBRUARY 28, 2023

The job market is unpredictable, mass layoffs and hiring freezes are becoming more frequent, and internal audit departments are constantly asked to be more agile and do more work with fewer resources. Senior leaders in those companies are concerned with how these proposals will play out, so you should also be informed on these topics.

Start-ups 52

Start-ups Technology Compliance Marketability 52

Audit Board

MARCH 31, 2022

Over the past 20 years, there have been only a couple of other seismic legislative/regulatory events — the Sarbanes-Oxley Act (SOX) in 2002 and, to a lesser extent, the Dodd-Frank Act in 2010 — so greatly impacting internal audit. And, while we’re only at the “proposed rules” stage, U.S.

Compliance 98

Compliance Technology Marketability 98

ThomsonReuters

JANUARY 12, 2023

For those of us in the tax and accounting profession, we’ve witnessed the amazing time savings and efficiency automation can bring—and audit is no exception. . Not so long ago, auditing in accounting meant spending long hours manually entering taxpayer data, sifting through loads of paperwork, and scrutinizing spreadsheets line-by-line.

Accounting Firms 52

Accounting Firms Technology Compliance Start-ups 52

Audit Board

JUNE 27, 2023

A healthy culture is critical to long-term, sustainable organizational success — and toxic cultures often serve as a common thread across organizational failures. Internal audit can lead the way in helping organizations to understand, assess, and continuously monitor culture’s far-reaching risks, impacts, and opportunities.

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Audit Board

DECEMBER 7, 2022

Would it surprise you that the IPPF does not require an annual audit plan? There are another 25 mentions in Implementation Guidance, but only two about audit plans that “typically are prepared annually” — but may also be multi-year — and “may be assessed annually.”. Letting go of this mistaken memory, what else should follow?

Technology 52

Technology 52

Audit Board

SEPTEMBER 20, 2023

One of the complaints we hear most from internal auditors — and their clients — across the world is that lengthy reports often don’t prompt action. During our practitioner days, we were often disappointed when internal audit reports we labored long and hard to craft often landed with a deafening silence.

Start-ups 59

Start-ups Compliance 59

ThomsonReuters

JANUARY 12, 2023

Amidst a complex audit environment, today’s accountants have many opportunities to take advantage of technology and specialize in up-and-coming focus areas. One of these specialties is ESG audits. . What is an ESG audit? Like any audit, ESG audits can be internal or external. Who performs an ESG audit?

Compliance 52

Compliance Technology Accounting Firms Equity 52

Internal Audit 360

AUGUST 17, 2023

Now, if I was going to do that page-by-page manually, it would take a very long time. But, for an intelligent machine, it should be easy, right? But, for an intelligent machine, it should be easy, right? And how will we get machines to do them? Or data analytics… and internal auditing? And so is programming!

Technology 69

Technology Start-ups Marketability 69

ThomsonReuters

MARCH 20, 2023

Further, the ability to assist clients with ESG compliance and audit can pull your firm even further ahead of the pack. But where should an accounting firm begin when it comes to ESG? Today, ESG factors sit at the forefront of many investment decisions. For tax and accounting firms, therein lies an opportunity.

Accounting Firms 59

Accounting Firms Compliance Start-ups Equity 59

Audit Board

DECEMBER 18, 2022

While cloud computing provides a long list of benefits, it is not without challenges. Having previously discussed cloud computing essentials , in this article, we’ll focus on how to tackle key auditing challenges. . Auditing the Cloud: Top Five Challenges . How do you control and monitor user access?

Compliance 52

Compliance 52

Audit Board

JUNE 27, 2022

And yet how often do we fall into the trap of measuring success by what is easy, familiar, and within our control? By focusing on completing audits, we can lose sight of our true purpose. We have talked about agile auditing for at least ten years but have yet to fully embrace it. How do we gauge success?

Technology 52

Technology 52

Reynolds Holding

APRIL 10, 2023

Under the pressure of institutional investors, environmental groups, employees, consumers and other stakeholders, many companies have sought to demonstrate their bona fides when it comes to ESG through disclosure about their sustainability efforts, goals and achievements, whether in periodic reports or in separate sustainability reports.

Compliance 45

Compliance Going Concern Value Start-ups Finance 45

Audit Board

NOVEMBER 21, 2022

As audit, risk, and compliance teams work to meet the challenges of identifying and staying ahead of novel ESG risks, they’ll need new ways of thinking — and new tools and tactics — to be successful. . How internal audit and risk leaders can layer ESG components into their audit plans and ERM strategy. . Xpress, Inc.

Start-ups 52

Start-ups Compliance Marketability Equity 52

Audit Board

OCTOBER 16, 2023

The successful deployment of audit analytics can lead to more accurate testing, automation of audit workflow processes, and overall improved audit efficiency. 68% of CAEs would invest in more analytics if they had the resources ( The Institute of Internal Auditors’ (IIA) 2022 North American Pulse of Internal Audit Survey ).

Technology 52

Technology Compliance Marketability 52

ThomsonReuters

JANUARY 12, 2023

When it comes to cryptocurrency, there are many unknowns around accounting, audit and assurance. Significantly intensifying this need is the formation of a dedicated IRS team of criminal investigation professionals tasked with targeting taxpayers who do not report cryptocurrency transactions on their tax returns.

Accounting Firms 52

Accounting Firms Compliance Start-ups Technology 52

ThomsonReuters

JANUARY 12, 2023

The primary role of an accountant is to handle a variety of tasks including tax preparation, financial planning and audits. . One of these expanded service areas is audit. . But what exactly does offering auditing services entail? How does it compare to traditional accounting services? Financial statements (i.e.,

Technology 59

Technology Compliance Start-ups Accounting Firms 59

Audit Board

SEPTEMBER 29, 2022

And yet all too often as internal auditors we are at pains to tell the reader or listener everything we did — who, what, why, how, and when — before we get to anything that may be interesting or useful. There is a real danger we talk ourselves out of a job and that is why at SWAP we have adopted the one-page audit report.

Start-ups 52

Start-ups Technology 52

Audit Board

JUNE 15, 2022

Join Richard Chambers for a new episode of his Agents of Change video series, featuring conversations with internal audit leaders from some of the world’s most prominent organizations about innovation in the profession. Liz Sandwith of The Chartered IIA shares her call to action for internal audit to earn the respect of the business.

Start-ups 52

Start-ups Technology 52

Audit Board

JULY 28, 2022

Join Richard Chambers for a new episode of his Agents of Change video series, featuring conversations with internal audit leaders from some of the world’s most prominent organizations about innovation in the profession. How to find your courage when faced with the situations that are part of every auditor’s career.

Start-ups 98

Start-ups 98

Audit Board

SEPTEMBER 30, 2022

The internal audit profession is at a crossroads. Signs that internal audit is heading toward a bright future , including resilient resources and cultivating a diversity of skills. . How internal audit can contend with the unrelenting pressure of new risks to make sure that our brightest days are ahead.

Start-ups 52

Start-ups Technology Compliance Data Analysis 52

Audit Board

SEPTEMBER 7, 2023

Who should own it? What does “good” ESG governance and strategy look like, and how are companies integrating it with existing risk and compliance governance structures? Every company wants to know how other companies are handling ESG. How does the role fit with ESG’s cross-functional context?

Compliance 52

Compliance Start-ups Specific Risk Marketability 52

ThomsonReuters

JANUARY 3, 2023

Therefore, firms need to ensure that auditors can access the tools they need and achieve the greater work-life balance they desire should they wish to retain top talent. . The better the auditors ’ work-life balance at the audit firm, the greater their propensity to issue a going concern opinion for a distressed client. .

Technology 59

Technology Accounting Firms 59

Harvard Corporate Governance

OCTOBER 28, 2022

As part of the financial statements, they would be subject to audit by an independent auditor, and be subject to the registrant’s internal control over financial reporting. Adding to the murkiness is the subjectivity of how investors and issuers consider ESG.

Banking 203

Banking Enterprise Value Marketability Compliance 203

ThomsonReuters

JANUARY 18, 2024

GAAP and AICPA What issues should accountants be aware of in the profession? How can accountants be more efficient? Recording expenses and preparing financial reports. In fact, more boards and audit committees are, or will be, looking for accountants who understand AI ’ s potential and limitations.

Technology 59

Technology Compliance Finance Marketability 59

Audit Board

DECEMBER 25, 2022

We partner with thought leaders from internal audit departments, external audit firms, and consultants to bring a variety of voices and perspectives to the conversation. In the last year, Auditboard’s Audit Webinar Series focused on identifying and responding to emerging risks impacting organizations everywhere.

Start-ups 52

Start-ups Technology Equity Compliance 52

Audit Board

OCTOBER 16, 2022

Over the years, we have all heard about the benefits of using data analytics , but often the advice seems better suited for large audit shops with dedicated analytics teams or targeted at specific tools. Many of us work in small audit departments with fewer than 10 people, and we often have limited resources at our disposal. .

Start-ups 52

Start-ups 52

Reynolds Holding

OCTOBER 12, 2022

1] Frauds that affect issuers and their investors may involve asset misappropriation, financial reporting misconduct, or, more generally, corruption. As we have emphasized on many occasions, independent auditors play an important gatekeeper role in supporting high-quality financial reporting and the protection of investors. [3]

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Start-ups Technology 49