The High-Level Expert Group on Sustainable Finance, established by the European Commission in January 2017, published its interim report, Financing a Sustainable European Economy. The Commission established the group to advise on developing a comprehensive EU strategy on sustainable finance, as part of the European Union’s effort to build a financial system that supports sustainable […]
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“Blockchain” is in the news – and it’s coming to our industry. The promises and potential benefits are significant. So are the challenges. Accounting and audit (A&A) professionals may not need to be experts in this area, but they would do well to be conversant to answer questions and keep an eye on both opportunities and risks. The […]
Many firms using engagement software believe they have all of the document management features they need. However, most firms could benefit from using document management and engagement software together. These two types of solutions actually complement each other, with distinct functions and benefits at different stages of your workflow. Capture files not specific to your […]
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Every auditor loves having a good client. What does that good client look like? A good client: Is on time and ready for the auditor Has all the documents available and organized Can easily answer all questions for the auditor Makes it easy to juggle several jobs a week during busy season – a benefit […]
Ever since the auditing standards were updated to the current risk assessment framework, performing a quality audit has become increasingly challenging. Our time to complete an audit in line with professional standards has greatly risen but the perceived value by the customer has remained the same. In addition, our industry is seeing record high struggles […]
Data analytics is a process with which many auditors struggle. With the AICPA placing increased focus on this area, while firms strive to gain higher quality and more efficient audit processes, this particular struggle is a problem in need of a solution. An even truer statement when you consider this. The accounting industry is constantly changing – and with […]
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