March 16, 2021
How AI is Enhancing Fraud Detection
The modern digital finance network is one of the most dynamic, fast-moving technological entities on the face of the planet.
March 10, 2021
Diligent to Become Largest Global GRC SaaS Company through Galvanize Acquisition
With the acquisition of Galvanize, Diligent will become the largest SaaS GRC provider. The combined solution with enrichment from Steele will enable an integrated GRC picture – from Audit, Risk, Information Security, Ethics and Compliance across the ...
April 17, 2018
IRS Tax Day Is Here: You Can Delay, But You’ve Got to Pay
April 17... It doesn't quite have the same ring to it as April 15, but this year, the 17th is tax day. (Because the 15th was on a Sunday, and a holiday in Washington D.C. delayed things.)
January 7, 2018
How to Help Your Clients Avoid – Or Survive – A Sales Tax Audit
Many small and mid-size businesses hire accountants and bookkeepers with the expectation they’ll help prevent an audit. Unfortunately, you can’t guarantee your clients won’t be audited for sales and use tax. No one can: States need sales and use tax ...
October 31, 2017
New Cryptocurrency Accounting and Audit Platform Launched
Verady has been working closely with Aprio over the past several years to assist with auditing one of the world's largest cryptocurrency payment processing companies. Today, Verady officially launched the platform that made all of this possible, VeraNet.
August 18, 2017
The Three Most Misunderstood Tax Deductions (Even for Tax Professionals)
Each year during tax time the “most overlooked” tax deductions get a lot of press. And every year the lists include the same deductions, such as state sales tax, student loan interest, job hunting costs, and moving expenses.
May 16, 2017
Overview of SOC 2 Reports and Updated Trust Principle Criteria
A SOC 2 attestation focuses on an organization’s controls in areas such as operations and compliance. It is performed in accordance with AT Section 101: Attest Engagements, and this report is generally best suited for financial services, health care ...
February 27, 2017
AuditFile Add-On for Xero Enhances Audits
The audit automation system from AuditFile, Inc. is now featured as an add-on solution on Xero’s App-Marketplace. AuditFile’s integration with the Xero online accounting software for small businesses gives firms of all sizes a seamless audit solution ...
February 14, 2017
Report Helps Auditors Innovate and Transform Their Audit Services
Thomson Reuters has released a special report, Four Keys to the Future of Audit, which addresses the most pressing challenges facing the audit profession by grouping these issues into four main categories: quality, innovation, talent and relevance.
August 18, 2016
Fraud Examples Demonstrate Need for RIVIO Clearinghouse
The new RIVIO Clearinghouse (see accompanying article) is a solution to a problem of financial hijinks with which you might not be familiar. After all, most CPAs perform their services ethically and expect their clients to represent their financial ...
August 16, 2016
Free Research Database Available to Audit Practitioners
The Auditing Section of the American Accounting Association has launched www.AuditingResearchSummaries.org, a free comprehensive database containing concise summaries of auditing research published in the seven most prestigious journals in the field ...
July 26, 2016
IntelliChief Analytics Adds Accounts Payable Automation of Audits
IntelliChief Analytics facilitates AP automation of internal and independent audits, providing access to all transactional documentation, organized and searchable by any criteria. This capability enables rapid review by auditors through a dedicated ...