Tue.Feb 27, 2024

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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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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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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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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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Smarter Card Solutions: Meeting the Challenges of Mid-Market Travel & Expense

Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.

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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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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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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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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 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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Keeping cybersecure during busy season

Accounting Today

What can firms do to minimize the risk of being the victim of a cyberattack? Here are five key security tips to protect your firm this busy season.

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Outsourcing Vs. In-House: The Ultimate Battle For Better Collections

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.

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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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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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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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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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Building a Business Case for Finance Automation

Speaker: Danny Gassaway and Wayne Richards

Finance leaders are prioritizing efficiency and digital transformation, yet many hesitate to automate due to uncertainty. Without a clear understanding of its impact, organizations risk falling behind competitors who are leveraging automation to drive productivity and cost savings. Join Wayne Richards and Danny Gassaway from AvidXchange for a practical guide on bringing accounts payable (AP) automation to your organization.

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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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Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

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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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