Audit Board

JUNE 2, 2023

Controls testing and evidence collection can be burdensome not only for compliance and audit professionals, but also for the stakeholders they engage with. AuditBoard’s InfoSec Survival Guide: Achieving Continuous Compliance , explores what compliance professionals should consider when approaching automation.

Technology 52

Technology Compliance Start-ups 52

ThomsonReuters

JULY 25, 2023

To keep pace in an increasingly competitive landscape, forward-looking firms are investing in artificial intelligence (AI) solutions to automate tax workflow, open up additional revenue streams, and better serve clients. But how do you make the case for AI and maximize this revolutionary opportunity?

Technology 98

Technology Accounting Firms Compliance Marketability 98

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

OCTOBER 26, 2023

An April 2023 McKinsey Global Survey — only six months in — found 79% of respondents reporting exposure to generative AI, 22% regularly using it in their work, and 33% whose organizations were using it in at least one function. EU’s AI Act ; calls for US oversight ) and academic studies on the impacts are well underway.

Start-ups 52

Start-ups Banking Technology Compliance 52

ThomsonReuters

JUNE 7, 2023

“Compliance is the number one challenge,” Weckman said, cutting to the chase regarding a glaring concern when it comes to global payroll. ” Global payroll adds more compliance risk According to a PayrollOrg article from 2021, the two main components of a successful global payroll are timely payments and local compliance. .

Compliance 52

Compliance Technology 52

Audit Board

APRIL 27, 2023

The internal audit function is crucial to a company’s growth. Internal auditing examines and assesses company records, workflows, systems, and processes. The audit team’s ultimate goal is to be a highly valued business partner to other segments of the organization. Read on for everything you need to know about internal auditing.

Compliance 52

Compliance Start-ups Technology Finance 52

ThomsonReuters

JULY 25, 2023

Their answers provide a helpful roadmap for corporate leaders who are interested in automated tax solutions but need more information about what factors to consider and challenges to expect. Malloy: One of the things tax automation does best is improve the speed and accuracy of repetitive tax calculations (VAT/GST, sales and use, excise).

Start-ups 93

Start-ups Technology Compliance Finance 93

ThomsonReuters

NOVEMBER 16, 2023

In the second installment of our three-part series on e-invoicing, we will explore how e-invoicing and continuous transaction control (CTC) regulations impact tax compliance, and examine some of the challenges and considerations that corporate tax teams may encounter. Thus, the format and data requirements for e-invoices can vary widely.

Compliance 59

Compliance Technology Finance Marketability 59

Audit Board

SEPTEMBER 22, 2022

In our Spotlight on Success series, Chris Patrick, Head of Internal Audit at Figure Technologies , shares how his team saved time and streamlined communication touchpoints with business stakeholders by implementing AuditBoard as a single source of truth. I’m the Head of Internal Audit at Figure Technologies. My name is Chris Patrick.

Compliance 52

Compliance Technology Banking Equity 52

ThomsonReuters

JULY 8, 2021

Multinational enterprises (MNEs) began using centralized shared services centers three decades ago to standardize and improve efficiency in back-office functions such as finance & accounting, human resources, and IT. Tax & Tech Talks: How to Achieve Global Statutory Financial Compliance.

Technology 98

Technology Finance Compliance Corporate Finance 98

Audit Board

JUNE 22, 2023

Security and privacy are typically regarded as key risks from an internal audit perspective. Balancing the need for effective internal audits with respect for individuals’ privacy rights poses challenges that require thoughtful analysis and decision-making by internal auditors. Data risks during internal audits and investigations.

Technology 52

Technology Compliance 52

ThomsonReuters

AUGUST 24, 2021

To build a persuasive business case for sales tax software , professionals need to explain how automating certain tax functions and improving reporting and analysis will benefit the company as a whole. Keep reading for 5 ways to calculate and communicate ROI in your business case for sales tax automation.

Technology 52

Technology Compliance 52

Audit Board

MARCH 29, 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 Snowflake’s Internal Audit Team Leverages Their Own Tech to Get Ahead of Risk. Amrita Kapoor: Absolutely.

Technology 52

Technology Compliance 52

ThomsonReuters

APRIL 18, 2023

To assist today’s firms, this article will provide an overview of some of the top accounting issues firms face and the solutions that can help them tip the scale in their favor. Deliver frequently updated news and articles about employee benefits law and compliance. What are the current issues in accounting?

Technology 52

Technology Compliance Start-ups Finance 52

ThomsonReuters

MARCH 25, 2024

Expenses that qualify for the credit are those undertaken for the purpose of discovering information which is technological in nature and the application of which is intended to be useful in the development of a new or improved business component of the taxpayer. That is no longer the case. Tax now has a seat at the table.” #3

Technology 45

Technology Compliance 45

Audit Board

JUNE 29, 2023

The widespread adoption of digital transformation, accelerated since the onset of COVID, has created an urgent need for Information Security, Compliance, and Risk teams to navigate the risks associated with emerging software. Process automation remains a top priority to help companies respond to these changes.

Start-ups 52

Start-ups Compliance Technology 52

ThomsonReuters

NOVEMBER 23, 2022

Every tax department has different technology needs and ideas about how far and fast they should go with automation, but there are a number of common triggers that lead a company to conclude that it needs the help of an automated tax solution. A fear of being audited and/or fined. Unacceptably high error rates. Explain the pain.

Technology 59

Technology Start-ups Compliance 59

ThomsonReuters

SEPTEMBER 1, 2022

The revised Superfund Excise Tax , part of the Infrastructure and Investment Jobs Act , is a tax on the sale or use of “hazardous chemicals,” as well as the sale or use of certain imported “hazardous substances.” Many options – One good solution. What is the Superfund Excise Tax?

Technology 52

Technology Compliance Finance Appraisal 52

Audit Board

JUNE 13, 2022

With IRM, the risk management team works together with all business segment leaders to share and visualize data around risk, determine the organization’s true appetite for risk, ensure compliance, and communicate the risk and risk mitigation strategies to the C-Suite. What Is Integrated Risk Management (IRM)?

Compliance 52

Compliance Technology Start-ups Marketability 52

ThomsonReuters

NOVEMBER 15, 2023

Form 8283 is used to ensure U.S. It is imperative to follow these instructions meticulously to ensure accurate reporting and to avoid potential discrepancies that might raise red flags for your clients during an IRS audit. In some cases, obtaining a qualified appraisal may be necessary, especially for high-value items.

Fair Market Value 98

Fair Market Value Appraisal Compliance Marketability 98

ThomsonReuters

DECEMBER 13, 2021

On one hand, tax automation saves time, minimizes the risk of human error, and can help elevate indirect tax from a back-office compliance function to a more valuable strategic advisory role. How to successfully make the business case for an indirect tax tech investment. Emphasize them.

Technology 52

Technology Compliance Finance 52

Audit Board

JUNE 29, 2023

The widespread adoption of digital transformation, accelerated since the onset of COVID, has created an urgent need for Information Security, Compliance, and Risk teams to navigate the risks associated with emerging software. Process automation remains a top priority to help companies respond to these changes.

Start-ups 40

Start-ups Compliance Technology 40

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

AUGUST 10, 2023

ESG disclosures have taken the spotlight in recent years as part of a trend of increased scrutiny around risk, compliance, and cybersecurity. However, as we await the finalization of ESG requirements around the world, there are some common trends for acceptable and frequently used metrics. What Are Current and Future ESG Requirements?

Compliance 52

Compliance Start-ups Data Analysis Equity 52

Audit Board

AUGUST 15, 2022

Ensure the tactics used are proportional to the level of risk each third party presents to your organization. . The following are the most commonly used tools for assessing third-party risk: . Compliance certifications and reports. Compliance certifications and reports. Onsite audits. Standardized Questionnaires.

Compliance 52

Compliance 52

ThomsonReuters

NOVEMBER 11, 2021

Multinational corporations often use transfer pricing to allocate earnings among subsidiary and affiliate companies that are part of the parent organization. By using transfer pricing, companies can move tax liabilities to jurisdictions with low taxes to reduce corporate tax bills.

Technology 52

Technology Compliance Marketability 52

Audit Board

DECEMBER 25, 2022

In 2022, AuditBoard hosted 40 audit, risk, and compliance webinars that attracted over 40,000 attendees. In these sessions, the presenters tackled complex topics and emerging risks while offering practical solutions and approaches risk managers can apply immediately. But is GRC or IRM the path to success?

Start-ups 52

Start-ups Compliance Equity Technology 52

Reynolds Holding

APRIL 25, 2024

Grewal specifically addressed criticism that the SEC has exceeded its authority in bringing actions against crypto companies and what he deemed “crypto asset securities,” maintaining that while crypto assets may be new, the challenged transactions fall within the framework that courts have used for more than 80 years.

Compliance 45

Compliance Marketability Technology 45

Peak Business Valuation

MARCH 29, 2024

To help, we offer tailored solutions to buyers, sellers, and lenders. You can use this valuation report with third parties like insurance companies, courts, and lenders. Selling or Buying Freightliner Trucks: Are you in the market to sell or buy a used freightliner truck? To start, schedule a consultation.

Appraisal 52

Appraisal Business Valuation Finance Fair Market Value 52

Reynolds Holding

AUGUST 22, 2022

securities the cryptoasset market would lack a navigable path for functional compliance. Many features of the prevailing securities regulatory regime are simply incompatible with the operation of digital assets markets, making immediate compliance without reforms functionally impossible. rehypothecation). rehypothecation).

Banking 49

Banking Compliance Equity Marketability 49

Audit Board

AUGUST 1, 2023

Organizations may want to invest in an integrated risk management solution to streamline risk processes and include even more valuable data in their risk analysis. The OWASP Top Ten lists the top attack vectors that cyber attackers use to compromise organizations.

Technology 52

Technology Start-ups Compliance Marketability 52

ThomsonReuters

OCTOBER 12, 2023

For accountants, understanding how to navigate foreign asset reporting is essential, as the IRS requires taxpayers to report certain foreign assets to ensure compliance and combat tax evasion. government is necessary for compliance with tax and financial disclosure requirements, and it can involve several forms and reporting mechanisms.

Compliance 40

Compliance Banking Dividends Technology 40

ThomsonReuters

FEBRUARY 22, 2021

Goods that use parts manufactured outside the bloc must meet a product-specific threshold of UK-EU-sourced parts (usually 50% or more) in order to qualify. Depending on the circumstances, it might also become necessary to relocate facilities or find other solutions for warehousing and distribution. Sanctions and export screening.

Compliance 91

Compliance Data Analysis Technology Marketability 91

Audit Board

JUNE 14, 2023

With regulation on the horizon, internal audit, risk, and compliance professionals are well positioned to help their organizations get ahead. Here, we’ll break down the basics, steps to roll out a successful ESG reporting process, and how an audit-ready ESG program can benefit your organization.

Compliance 52

Compliance Start-ups Marketability Equity 52

Value Scope

JULY 21, 2020

This work can be used to reconcile and support an adjustment to the CAPM, then the WACC, via Alpha and Beta. This work can be used to reconcile and support an adjustment to the CAPM, then the WACC, via Alpha and Beta. After it is defined, it must be measured in a way that is transparent, auditable, and objective.

Intangible Assets 130

Intangible Assets Beta Alpha Unlevered Beta 130

ThomsonReuters

NOVEMBER 15, 2023

For accountants, understanding the ins and outs of tax deductions for charitable contributions , including how to properly report monetary donations using Schedule A, is an essential part of tax planning for clients. Use Schedule A Form 1040 to figure your itemized deductions. What is the tax deduction limit for charitable donations?

Fair Market Value 94

Fair Market Value Banking Marketability Compliance 94

ThomsonReuters

JANUARY 18, 2024

Examining financial documents and financial transactions to ensure compliance and rectify any discrepancies. In fact, more boards and audit committees are, or will be, looking for accountants who understand AI ’ s potential and limitations. The use of AI doesn ’ t change the accountant ’ s core values. Preparing tax returns.

Technology 59

Technology Compliance Finance Marketability 59