ThomsonReuters

DECEMBER 8, 2023

Jump to: How AI is transforming audit AI-Assisted Decision Making in Thomson Reuters Cloud Audit Suite Ready to transform audit? How AI is transforming audit Traditionally, auditors have heavily relied on manual processes to uncover risk in financial statements and business operations.

Technology 98

Technology 98

ThomsonReuters

NOVEMBER 29, 2023

This, in turn, puts tax departments at greater risk for even more audits and stiffer penalties. During the webinar, panelists discussed ways to reduce risk, avoid audits and potential penalties, and explore solutions to the challenges ahead. It can help under-resourced departments manage audits effectively.

Compliance 98

Compliance Technology Marketability 98

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

Harvard Corporate Governance

DECEMBER 5, 2022

This post is based on an ISS Corporate Solutions memorandum by Senior Editor, Paul Hodgson. and “Is the company externally audited or certified by top information security standards?” Posted by Subodh Mishra, Institutional Shareholder Services, Inc.,

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Harvard Corporate Governance

MARCH 26, 2023

There’s no one-size-fits-all solution to overseeing environmental, social, and governance (ESG) matters—and for good reason. And given the major impact the proposed rule likely will have on financial reporting, audit committees should understand trends that are rapidly emerging in climate reporting and the broader ESG governance landscape.

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ThomsonReuters

APRIL 19, 2023

The accounting and audit profession is undergoing significant changes as a result of the rapid advancement of technology. So, then, how do audit firms evolve to make sure they are prepared for when the right technology can help them prosper? Standardization can help firms save significant time and reduce inefficiencies.

Technology 105

Technology Start-ups Data Analysis 105

Harvard Corporate Governance

AUGUST 31, 2022

This post is based on an ISS Corporate Solutions publication by Paul Hodgson, Senior Editor at ISS Corporate Solutions, Noam Cherki, Regulatory Affairs Intern, and Karina Karakulova, Director of Regulatory Affairs and Public Policy, at Institutional Shareholder Services. Comment Perspectives.

Banking 228

Banking 228

Audit Board

APRIL 5, 2022

LOS ANGELES, CA - April 5, 2022 – AuditBoard , the leading cloud-based platform transforming audit, risk, and compliance management, today announced it has once again been rated as the Market Leader in the Audit Management and GRC Spring 2022 Grid Reports from G2.com

Compliance 98

Compliance Data Analysis Marketability 98

Audit Board

MAY 18, 2022

AuditBoard empowers agile auditing, process efficiency, and improved client collaboration for leading UK-based internal audit consultancy. With AuditBoard’s OpsAudit solution, SWAP is now able to perform continuous, rolling risk assessments and audit planning, all in one place. About SWAP Internal Audit Services.

Compliance 98

Compliance 98

ThomsonReuters

MARCH 22, 2023

An audit team’s ability to conduct efficient, effective audits can be a major differentiation factor that sets them apart from the competition. But with all the complexities of modern-day audits, it can be difficult to ensure that you are making the most of your time and resources.

Start-ups 59

Start-ups Technology 59

RNC

FEBRUARY 20, 2024

Challenges and Solutions: a. Solution: Engage industry experts, adopt a phased technology strategy to enhance competitiveness. Solution: Diversify the customer base, establish long-term contracts for revenue stability. Solution: Establish strategic partnerships with suppliers, implement hedging strategies.

Compliance 52

Compliance Technology Business Valuation Marketability 52

Harvard Corporate Governance

NOVEMBER 4, 2022

Twenty-Year Review of Audit and Non-Audit Fee Trends. Posted by Nicole Hallas, Kayla Coello, and Sarah Keohane, Audit Analytics, Inc., Tags: Audit committee , Climate change , Corporate Social Responsibility , dei , Executive performance , Risk , shareholder advocacy , Shareholder voting. Posted by Hester M. Peirce, U.S.

Banking 214

Banking Technology 214

ThomsonReuters

JANUARY 8, 2024

White Paper Expertise matters in AI-powered tax and accounting solutions Not all AI is created equal – what data is your solution learning from? Traditionally, audits involved manually reviewing financial data, which was time-consuming and prone to human error.

Data Analysis 101

Data Analysis Compliance Technology Banking 101

Internal Audit 360

JULY 20, 2023

It had a couple of objectives, including reviewing the Definition of Internal Audit (which it decided did not require updating, although we did decide to add a Mission of Internal Audit ), and answering the question of whether the IIA’s International Standards for the Professional Practice of Internal Auditing should be principle or rules based.

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Audit Board

JULY 11, 2023

Gartner has named ESG as one of its Top 12 Audit Plan Hot Spots for 2023. Download the full guide here , and continue reading below for an overview of best reporting practices, how technology can support those reports, and how AuditBoard’s solutions impact ESG management. Audit/assurance. Plan for assurance.

Compliance 52

Compliance Technology Marketability 52

Benzinga

NOVEMBER 27, 2023

Chorus Compliance , a subsidiary of SC Labs and a leader in cannabis business software solutions has announced its acquisition of Build My SOP, a company specializing in standard operating procedures and management software for the cannabis industry.

Compliance 69

Compliance Marketability 69

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? And what tools and resources are available for accountants who want to specialize in audit?

Technology 59

Technology Compliance Start-ups Accounting Firms 59

ThomsonReuters

JANUARY 3, 2023

What’s more, having additional time to unplug and pursue personal interests outside of work can actually improve audit quality , according to 2021 research by the American Accounting Association. Depending on the size of the firm and engagement, audit teams can have as many as seven professionals. According to the findings: .

Technology 59

Technology Accounting Firms 59

Audit Board

NOVEMBER 17, 2023

Internal auditors are even expected to consider fraud risks in their audits, but they are rarely equipped for this task. More frauds are reported via whistleblowers than through frauds uncovered during an internal audit. Nearly every audit begins with the assumption that statements are factual instead of looking for deception.

Start-ups 59

Start-ups 59

Audit Board

APRIL 13, 2023

LOS ANGELES, CA - April 13, 2023 – AuditBoard , the leading cloud-based platform transforming audit, risk, and compliance management, today announced that it has once again been rated as Leader in both the Audit Management and GRC Spring 2023 Grid Reports from G2.com

B2B 52

B2B Compliance Marketability 52

Audit Board

MAY 17, 2023

Blockchain technology is transforming the world of audit, risk, and compliance. Decentralized, transparent, and secure, blockchain can enhance financial data’s accuracy and completeness, reduce fraud and error risk, and enable more efficient and effective audit processes — but it also introduces new risks.

Compliance 59

Compliance Technology 59

Audit Board

JULY 7, 2022

Internal audit teams can now connect AuditBoard to Fastpath to further enable automated testing and continuous monitoring. This powerful new combination for internal audit and SOX teams leverages best-in-class applications to automate processes and streamline control testing and monitoring.

Compliance 52

Compliance Technology Marketability 52

Audit Board

OCTOBER 31, 2022

The alliance extension allows companies to address their ESG initiatives by utilizing AuditBoard’s innovative cloud-based platform for audit, risk, and compliance management in combination with Deloitte’s Sustainability, Climate, and Equity services offering.

Compliance 98

Compliance Equity 98

Audit Board

SEPTEMBER 20, 2022

Combining deep advisory experience and insight with advanced audit technology enhances governance, risk and compliance (GRC) management. Baker Tilly’s deep advisory experience and industry specialization combined with AuditBoard’s technology enables us to deliver greater internal audit, risk and compliance insight and value to clients.”.

Compliance 52

Compliance Technology 52

Audit Board

AUGUST 3, 2022

In our Spotlight on Success series, David Hill, CEO of SWAP Internal Audit Services , shares how his forward-thinking audit team positions for the future by adopting agile ways of working enabled by technology. Maximizing audit’s budget by investing in capacity multipliers including efficiencies, technology, and strategic staffing.

Technology 52

Technology 52

Audit Board

JUNE 22, 2023

LOS ANGELES, CA - June 22, 2023 - AuditBoard , the leading cloud-based platform transforming audit, risk, and compliance management, today announced that it has once again been rated as Leader in both the Audit Management and GRC Summer 2023 Grid Reports from G2.com

B2B 52

B2B Compliance Marketability 52

Audit Board

MARCH 15, 2022

LOS ANGELES, CA - March 15, 2021 – AuditBoard, the leading cloud-based platform transforming audit, risk, and compliance management, today announced that Josh Harding, former SVP, Finance and Operations at SailPoint ??(NYSE: SailPoint’s Josh Harding joins AuditBoard to help business scale through continued rapid growth.

Compliance 98

Compliance Finance Corporate Finance Equity 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

FEBRUARY 13, 2023

Auditors in financial services face a broad spectrum of challenges as they tackle a dynamic and complex regulatory environment, rigid frameworks, and dated audit technology. A successful transition to agile auditing aids in overcoming these challenges and prepares the audit function for the rapidly evolving risk landscape of the future.

Start-ups 52

Start-ups Technology Banking Compliance 52

ThomsonReuters

MAY 12, 2022

What triggers a sales tax audit and how do you reduce the risk of an audit? Almost all companies undergo a sales tax audit at some point. This sales tax audit guide can help indirect tax teams avoid common audit triggers and manage the sales tax audit as smoothly as possible. What is a sales tax audit?

Compliance 105

Compliance Technology 105

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

ThomsonReuters

MARCH 16, 2023

There are two forces within an audit team: senior staff and junior staff. For audit team leaders, both are extremely important and bring to the table unique sets of experiences and skillsets that are needed for a modern audit. What are the main types of audits? What technology is used in an audit?

Technology 59

Technology Compliance 59

Audit Board

MARCH 28, 2023

The Financial Services (FinServ) sector constantly changes with expanding organizational risk profiles, tighter regulations, and rising stakeholder expectations, creating a demanding assurance landscape for internal audit teams. Success is then measured based on audit plan completion.

Technology 52

Technology Banking Compliance 52

Audit Board

JUNE 6, 2023

Like so many internal audit teams, we are always looking for ways to optimize our processes, new methods to introduce efficiencies, and modernization opportunities to enhance our work. Independence does not mean we cannot collaborate with the business.

Compliance 52

Compliance 52

Audit Board

SEPTEMBER 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. . Heather Acker shares how Baker Tilly uncovers the next generation of internal audit talent.

Technology 98

Technology Compliance Marketability 98

Internal Audit 360

APRIL 14, 2022

T he recent evolution of the Three Lines model underscores the idea that internal audit must work to create and protect business value. In such situations, internal audit has a unique opportunity to create value by assessing how management governs such transformation. When should internal audit plan for a change governance audit?

Start-ups 98

Start-ups 98

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. Break Out of the Audit Bubble Internal auditors often keep to their team and miss out on opportunities to network within their organization.

Start-ups 52

Start-ups Technology Compliance Marketability 52