Audit Board

AUGUST 3, 2022

Before we start celebrating what some have seen as softer-than-expected plans for audit reform, we need to be clear about what’s really coming and start preparing now. My 20+ years in audit and risk are bookended by US corporate reform at the start of the century and similar UK measures pending more than two decades later.

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ThomsonReuters

MAY 4, 2023

In this article, we discuss the importance of setting a client scope agreement, what components make up a successful scope agreement, and why you should invest in one early on in a client relationship. Defining scope ahead of the game can create a paradigm shift by getting that key information to the client up front. The results?

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ThomsonReuters

FEBRUARY 8, 2022

When you seek to win new tax clients, it’s best to start at the beginning. By keeping your employees engaged and clients happy, you can take advantage of their word-of-mouth and reputation-building referrals, freeing you up to focus on marketing strategies to bring in more new tax clients. New relationships take a little effort.

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ThomsonReuters

AUGUST 29, 2023

It starts with understanding the challenges and embracing the solutions to work smarter. If your firm is like most, your staff spends a good portion of the day formatting financial statements, entering trial balance data, and cleaning up spreadsheets. Let’s take a look. What are the pain points of a disconnected workflow?

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ThomsonReuters

OCTOBER 6, 2023

However, they don’t know where to start the needed transformation. It is important to leverage the right technology and traditional Optical Character Recognition (OCR) is not likely to measure up. Learn more by reading our whitepaper: Find your flow: 1040 tax workflow best practices.

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ThomsonReuters

FEBRUARY 23, 2024

Download our free whitepaper on managing sales and use tax audits. A properly supported automated tax solution also ensures that up-to-date tax rates and rules are being applied. Again, says Davis, “Trying to keep up with changing regulatory requirements manually is both time-intensive and prone to errors.”

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ThomsonReuters

SEPTEMBER 18, 2023

While traditional audit activities involve on-site visits, face-to-face meetings, and the physical exchange of documents, technology is opening up new business capabilities for auditors to conduct their work from anywhere in the world. The post Still on the fence about remote audit? Here’s a business case.

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ThomsonReuters

MARCH 19, 2024

Though in truth, Bobby says, tax teams should start preparing the company’s defense as soon as they are informed of the audit. The moment you get notified of an audit, you should start preparing—both for the audit itself and contesting it—because you have to assume that the assessment is going to be negative,” he says.

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M&A Leadership Council

FEBRUARY 10, 2022

Part 2 in this series will help you identify how your current playbook stacks up and how you can improve it. Nearly all acquirers struggle with setting up appropriate and efficient governance models that are purpose-built for their specific level of deal volume, type, and pace, yet there’s no other way to do it.

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ThomsonReuters

APRIL 12, 2021

Thorough, up-to-date indirect tax content : In the US alone, there are 15,000 tax jurisdictions administering more than 50,000 tax rates, Harris noted, so companies need confidence their tax engine software reflects the latest rules and rates everywhere they do business. a)(2) of Treasury Department Circular 230.

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Reynolds Holding

APRIL 12, 2022

For cryptos that are not securities, there is substantial leeway to consider the best approach to balancing investor protection with allowing this important innovation to continue, whether the SEC or the Commodity Futures Trading Commission (CFTC) ends up with regulatory authority over crypto. ENDNOTES. [1] 1] [link]. [2]

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