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SEC’s New Rules on Use of Data Analytics by Broker-Dealers and Investment Advisers

Harvard Corporate Governance

Securities and Exchange Commission (SEC or Commission) proposed new rules for broker-dealers (Proposed Rule 15(1)-2) and investment advisers (Proposed Rule 211(h)(2)-4) on the use of predictive data analytics (PDA) and PDA-like technologies in any interactions with investors. [1] On July 26, 2023, the U.S. 2] (more…)

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Why information technology is important to accountants

ThomsonReuters

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.

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Accounting Technology: What it is and how it works

ThomsonReuters

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

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Auditor evaluation deficiencies are more frequent than you think: How to ensure an accurate data review

ThomsonReuters

Auditors rely on data review to ensure the reliability and integrity of financial statements. However, manual data review processes can be time-consuming, prone to errors, and may not provide a comprehensive view. This is where technology can help. In the world of accounting audits, accuracy and completeness are paramount.

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How technology has impacted accounting—from compliance to strategy

ThomsonReuters

How has technology impacted accounting? From increasing accuracy to optimizing tax workflow to freeing up time for more value-added activities, technology has transformed the accounting industry—for the better. Accounting firm technology trends. How has accounting changed with technology? Automation.

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Cyber Risk and Voluntary Service Organization Control (SOC) Audits

Harvard Corporate Governance

Modern firms routinely manage their financial reporting systems using third-party cloud computing and other enterprise technologies. I therefore use a novel feature of my data, namely that SOC audit reports often list the internal controls tested by the audit firm, to analyze the types of internal controls evaluated in SOC audits.

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Impeding a Whistleblower’s Ability to Communicate with the SEC

Harvard Corporate Governance

a privately held fraud-detection technology company, with violating the whistleblower protections of the Exchange Act. The SEC alleged that, after an NS8 employee raised concerns to Hansen about a possible securities law violation, Hansen took action to limit the employee’s access to the company’s IT systems.