Tue.Feb 27, 2024

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PCAOB proposes rule on false or misleading statements

Accounting Today

The Public Company Accounting Oversight Board is proposing a new rule to prevent auditing firms from making false or misleading statements about being registered or overseen by the PCAOB.

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How AI is Transforming and Disrupting Audit

Blake Oliver

In my latest podcast episode, "How AI is Transforming and Disrupting Audit," I had the pleasure of speaking with Rob Valdez about the impact of artificial intelligence and generative chatbots, like ChatGPT, on the audit profession. We delve into how these technologies are not just automating routine tasks but are also revolutionizing how we train staff, improve quality, and save time on substantive testing.

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IRS delays Form 1042 e-file requirement

Accounting Today

The Internal Revenue Service issued a notice granting an administrative exemption from the electronic filing requirements for the Annual Withholding Tax Return for U.S. Source Income of Foreign Persons.

Tax 280
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FinQuery Announces New Contract Management Solution

Insightful Accountant

FinQuery’s new contract management solution is purpose-built to provide insight and intelligence into organizations’ contractual financial obligations

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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IRS reopens Direct File testing after pause

Accounting Today

The Internal Revenue Service is reopening access Tuesday to its Direct File free online tax prep system after temporarily closing it to new users.

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Platform Accounting Group Wins Karbon Excellence Award

Insightful Accountant

Platform Accounting Group is proud to announce it was selected as the winner for the 2023 Karbon Excellence Award for Practice Excellence.

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Sage and AWS sign AI-focused Strategic Collaboration Agreement

Insightful Accountant

Sage and AWS will launch first domain-specific accounting Large Language Model (LLM) and AI-powered carbon reporting solution Sage Earth to be available in the AWS Marketplace.

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BOI filing creates uncertainties

Accounting Today

While most accountants are aware of the reporting requirement, the majority of business owners are likely to be, at best, dimly aware of them.

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Top 10 Invoicing Software of 2024: Simplifying Billing Management

Invoicera

Summary Online invoicing platforms are playing a crucial role in shaping financial management this year. In this discussion, we will explore: Why invoicing software is a game-changer How it simplifies your billing process The top 10 picks for invoicing software Their standout features, costs, and user ratings Keep up with the latest technology by checking out these top billing software options for 2024.

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CAMs disclosures decrease since 2020

Accounting Today

Auditors are including CAMs in more of their opinions but disclosing fewer CAMs per opinion, according to an Ideagen report.

Auditing 280
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Predictions You Can Rely On: How Data Drives Successful Financial Forecasting

Speaker: Robbie Bhathal, Founder & CEO, and Matthew Acalin, Head of Credit Intelligence

In today's volatile financial environment, how confident are you in your company’s financial forecasting? To get the most accurate cash predictions that will lead to long-term financial survival, real-time data is critical. Innovative cash management strategies can lead to better credit opportunities, more sustainable growth, and long-term financial prosperity.

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Top 10 Manufacturing OCR Software in 2024

Nanonets

Optical character recognition (OCR) software help convert non-editable document formats such as PDFs, images, or paper documents into machine-readable formats that are editable & searchable. OCR applications are commonly used to capture text from PDFs & images and convert the text into editable formats such as Word, Excel, or a plain text file.

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Cryptocurrency fraud costs $1.56B

Accounting Today

Data shows that people lost at least $1.56 billion in 2023 from cryptocurrency-related fraud schemes.

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New Sage Copilot: Driving Efficiency & Growth with Generative AI

Insightful Accountant

Sage Copilot will lead SMBs and Accountants into the generative AI era by automating routine tasks, offering key insights for growth, and enabling better decision making and enhanced productivity.

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How technology is reshaping the audit profession

Accounting Today

Auditing is undergoing a seismic shift, largely driven by the relentless march of technology.

Auditing 305
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Your New & Improved Month-End Close Process Is Not So Far Out of Reach!

All accounting teams know what it is like to dread the inevitable month-end scaries. If there was a way to feel less burdened and maybe even a little enthusiastic to work on your month-end close and reconciliation process, would you do it? No, don't answer that, of course you would! Automate your month-end close process by up to 40% with SkyStem's ART and see how much more alive you feel!

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Quickbooks Receipt Scanner : How to Scan Receipts into Quickbooks?

Nanonets

QuickBooks is an accounting software package designed to help small and medium-sized businesses manage their finances. The software is user-friendly and intuitive, making it easy for business owners to handle their accounting needs without needing to be an accounting expert. Additionally, QuickBooks can be integrated with other software packages, allowing businesses to automate many of their financial processes.

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'Mastermind' of Europe's biggest tax scandal loses case over conviction

Accounting Today

The scandal robbed billions of euros from government coffers and ensnared some of Wall Street's biggest banks.

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Importance of Vendor Management

oAppsNet

Vendor management is a cornerstone of modern business operations, integral to maintaining efficient supply chains and fostering productive relationships with external suppliers and vendors. Effective vendor management ensures operational resilience, cost efficiency, and competitive advantage in today’s interconnected global marketplace, where organizations rely heavily on third-party suppliers for goods, services, and expertise.

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Tax relief for victims of San Diego storms, flooding

Accounting Today

The IRS is pushing back filing and payment deadlines for those in the San Diego area who were affected.

Tax 156
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The Definitive Guide to Spend Management

The status quo for AP in small and mid-market companies is broken. It consists of messy tech stacks of siloed solutions that give rise to manual work, a lack of control, wasted spend, and unnecessary risks. The benefits of shifting to spend management are tangible, measurable, and are felt across the whole organization. Spend management is a different way of thinking and an innovation whose time has come.

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Member Spotlight: Reaching New Heights

NACM

NACM's Professional Certification Program gives credit professionals an opportunity to gain expertise and prosper in the credit field. Each certification provides the tools for credit professionals need to refresh their skills and learn new ways to complete day-to-day responsibilities. With six levels of certification, credit professionals can.

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In the blogs: Slow starts

Accounting Today

Tax cuts losing steam; cyberattack follow-up; introducing the CSR; and other highlights from our favorite tax bloggers.

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