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.

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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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From Start to Scale: Driving Growth Through Seamless Payments Implementation

Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting

Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical

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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.

More Trending

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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.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

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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.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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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.

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Back to Basics with Reconciliations

Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

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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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