Author name: PaulT

Financial Audit Software: Collaborating with Auditors

Accounting Technology, Audit Strategies, Emerging Trends /

Can Auditors Require Specific Financial Audit Software? External auditors play a crucial role in ensuring compliance and accuracy, but they cannot mandate that companies use specific software during the audit process. Companies under audit, however, can take proactive steps to request that auditors collaborate within their preferred systems to streamline workflows and improve efficiency. The […]

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Free Audit Software? Your Auditor Will Cover Costs!

Accounting Technology, Audit Strategies /

If you’ve been managing audits with outdated tools like spreadsheets and email chains, it’s time to level up. Would is shock you to find out you can effectively get free audit software by simply passing on the cost of a first class solution. Audit management software can significantly improve efficiency and accuracy during audits. But

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The ultimate guide to planning for PBC requests

Audit Strategies, Workflow Improvements /

Here’s a rewrite using active voice and transition words: Auditors create varying numbers of “Prepared By Client” (PBC) requests for each audit. Firstly, the size and complexity of the organization determine the range. Generally, a typical PBC list includes 30 to 50 different requests. Moreover, these requests encompass a wide array of documents. For instance,

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Using ChatGPT for accounting: 7 things to try today

AI for Accounting, Emerging Trends /

How ChatGPT Can Streamline Accounting Processes Implementing ChatGPT for accounting processes can revolutionize the efficiency and quality of accounting workflows, particularly in the Prepared By Client (PBC) process. Here’s how using ChatGPT can enhance your operations: Streamlining the PBC Process with ChatGPT 1. Automating Document Requests and Follow-UpsUsing ChatGPT, you can automate the creation and

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happy accounting professionals communicating and collaborating on digital pbc workflow

PBC Workflow Tools: Unlock Warp Speed!

Accounting Technology /

In today’s fast-paced business environment, effective collaboration and real-time communication are crucial for the success of any audit process. This is particularly true for PBC (Prepared By Client) workflows, where both internal and external audit teams must work together seamlessly. Today, digital PBC workflows take the preparation and provision of documentation and evidence to the

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AI accounting tool risk. CPA. Accounting.

Manage Risks in AI Accounting tools

Accounting Technology, AI for Accounting, Emerging Trends /

Today there are many new software solutions available for accounting professionals. Additionally, the traditional players have joined the fray. AI accounting tools offer exciting possibilities. However, users must understand the risks. This guide explores potential pitfalls. With care, firms can safely benefit. The AI revolution presents opportunities and dangers. But accounting professionals can navigate wisely.

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accounting tools on a desk in the style of Wes Anderson

AI Accounting Tools Round-up

Accounting Technology, AI for Accounting, Emerging Trends /

As an accountant, you’re probably well aware that the world of technology is moving at lightning speed. Among the most exciting innovations reshaping the business world are Artificial Intelligence (AI) and Machine Learning (ML). These cutting-edge AI accounting tools have the potential to be a game-changer. Imagine having a virtual assistant that can automate tedious

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cartoon happy female CPA doing work with a smile doing PBC requests and reposnses

Getting Through the PBC Request Jungle: Hurdles and Fixes

Accounting Technology, Workflow Improvements /

Did you know that over 40% of CPAs pointed out dealing with paperwork and documents as one of their top headaches? This is according to a survey by the American Institute of CPAs (AICPA). That little fact throws a spotlight on a ubiquitous stumbling block in the accounting world, especially when we talk about Prepared

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CP and AI working together hand in hand

AI for Accountants: Eight ways to save time

AI for Accounting /

AI for Accountants: Harnessing the Power of Artificial Intelligence in Accounting In today’s business landscape, digital transformation has become more than just a buzzword; it’s a critical necessity. Surprisingly, a staggering 83% of accountants recognize that technology proficiency is just as vital as accounting skills themselves (Source: Sage Practice of Now report). This statistic highlights

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