Intuit

MAY 16, 2023

A recent study from Syracuse University found that low-income families who qualify for the Earned Income Tax Credit (EITC) are five and a half times more likely to be targeted by current IRS systems for an audit.

Tax 113

Tax Auditing Computation Billing 113

Jetpack Workflow

NOVEMBER 9, 2023

The transcript highlights the advancements in computer-assisted systems (CAS) since around 2008, including chat GBT, open AI, and platforms like Google’s AI. Traditionally, firms have generated revenue primarily through tax and audit services.

Accounting 52

Accounting Accounting Auditing Budgeting 52

IMA's Count Me

JULY 25, 2021

So let's take those routine tasks and move them into a computer automated process or robotics process and free up our teams and make the company more efficient. And, you know, the easiest throwaway answer of course is internal audit is the oversight, but I think that the answer is probably a little bit deeper than that.

Accounting 40

Accounting Accounting Computation Accounts Payable 40

Cloud Accounting Podcast

JUNE 1, 2020

They just don't have the manpower to audit even a tiny fraction. So, maybe that's all they'll do is do a tiny fraction, and the rest will just get automatically approved, or they'll approve them conditionally, and then reserve the right to go back and audit years later. They don't know if they're gonna have. They're already in debt.

Tax 40

Tax Billing QuickBooks Payroll 40

Cloud Accounting Podcast

SEPTEMBER 15, 2020

CFO 07:41 – Auditors Struggle to Access Data, Count Inventory During Remote Work – Wall Street Journal 07:47 – 8 things to know about the audit evidence standard – AICPA 09:17 – DOJ: 57 Charged With Alleged PPP Fraud – PYMNTS.com 10:10 – More on Liar Loans – Wikipedia 11:52 – Quickie lender Kabbage doled out billions in PPP loans.

Tax 40

Tax Payroll Financial Statements QuickBooks 40

Cloud Accounting Podcast

MAY 26, 2020

bust, the 2008 crisis. Thankfully, during coronavirus, all of that thought leadership about how blockchain is going to eliminate the audit profession has disappeared. Not only that, I would be able to compromise better computers because it would be business computers instead of personal computers, probably.

XERO 40

XERO Accounting Accounting QuickBooks 40