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What Is A Compliance Management System And Why Your FI Needs One

N Contracts

EXECUTIVE SUMMARY: The definition of a CMS includes three key elements: board and management oversight; a compliance program; and violations of law and consumer harm. The whitepaper breaks down each of these elements and offers advice for streamlining existing compliance functions to create a more effective and efficient CMS.

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Creating Reliable Risk Assessments

N Contracts

EXECUTIVE SUMMARY: This whitepaper explains how financial institutions can avoid common pitfalls to conduct reliable, consistent, and timely risk assessments.

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How AI can transform the way accountants work — for the better

ThomsonReuters

Ethical considerations in the human-AI partnership A successful human-AI partnership Because the accounting profession is traditionally compliance-focused, it is particularly prone to AI disruption. Compliance. The transformative impact of AI in accounting How can accounting firms leverage AI? Tax research and planning.

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How to address the growing skills gap in global trade management

ThomsonReuters

A new whitepaper from the Thomson Reuters Institute (TRI) explores the causes of a growing skills gap in global trade management, and proposes several solutions. The whitepaper outlines strategies for finding and developing young talent, as well as upskilling mid-career professionals to meet the industry’s immediate needs.

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How to address the persistent skills gap in global trade management

ThomsonReuters

Generative AI is set to streamline trade compliance processes by automating tasks like generating trade documents. Generative AI is set to streamline trade compliance processes by automating tasks like generating trade documents.

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Capturing advisory opportunities: Where is your firm in its journey to advisory?

ThomsonReuters

By using technology to automate traditional tax compliance work, forward-thinking accounting firms are engaging clients based on the value and experience they bring to the table. All this, alongside the more traditional tax preparation, payroll, and accounting/bookkeeping services that your clients have come to know and trust.

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The Big Shift: Positioning your firm to help clients evolve

ThomsonReuters

Doing so offers firms a way to replace vanishing revenue from declining tax compliance work and an opportunity to strengthen the relationship with clients. Tax and accounting firms can offer their compliance and regulatory expertise to ensure these companies smoothly grow into their new markets or new, larger company.