Audit Independence: Maintaining Objectivity and Integrity for MNCs
Accounting is not just a game of numbers. It is also about maintaining precision, transparency, accuracy, and withholding integrity at the highest level. Some of the biggest accounting scandals are based on the foundation of conscious or unconscious audit issues. When there are key issues in the audit report of a business, this impacts them […]
Leveraging Outsourcing For Complex Audit Processes For MNCs
MNCs are not just about a big team, big office space, and many clients. As the size of businesses continues to grow, the complexities increase too. Corporates levied with the responsibility to handle the accounting and finance of many clients, from different industries also need to emphasize how each of these businesses should operate, addressing […]
Leveraging outsourcing for complex audit processes for MNCs
MNCs are not just about a big team, big office space, and many clients. As the size of businesses continues to grow, the complexities increase too. Corporates levied with the responsibility to handle the accounting and finance of many clients, from different industries also need to emphasize how each of these businesses should operate, addressing […]
Trends Shaping Tax Policy In A Socially Aware World For Firms Of All Sizes
Taxation or any other scope of work in accounting isn’t just limited to completing the delivery of work. Today, we live in a socially aware world, where all the stakeholders of a business – clients, investors, and management are concerned about taking and giving back to society and the environment. They are also aware of […]
Tax Cuts & Job Reforms – How Will They Impact Large Corporations?
Corporations are no longer just competing in their own geography. With the growth of digitalization and innovation, the world is coming closer. While access to global markets and talent, ability to pursue business round the world has become easier, large nations with important economies like United Nations are face limitations because of the international competition. […]
How Outsourced CFOs Help Mitigate The Risk Of Regulatory Clashes
According to a study by IBM and the Ponemon Institute, the average cost of a data breach to organizations was $4.45 million in 2023. Another study by the Verizon Data Breach Investigations Report in 2023 found that 95% of the attacks are launched for financial gain, not for political or personal agendas (according to Oracle). […]
Offshore Monitoring Approaches For Small CPA Practices
Offshoring tasks has brought small CPA firms several benefits over the past few years. But as much as enterprises enjoy the benefits, there are complexities and challenges, and monitoring is one of them. There has been an increased sophistication in the technology used, the innovations made, and the advantages provided. With the addition of tax […]
Auditing In The Age Of AI – Need For Analytics For Risk Assessment And Detection
Accounting firms have been increasingly acknowledging and adapting AI in their daily pursuit. A report reveals: 54% of accountants believe that the value of a firm drops if they do not use AI 66% agree that AI can serve as a competitive advantage 46% agree that AI can help attract and retain more talent in […]
Finding Precision In Financial Forecasting
Businesses, no matter their sizes, need accuracy and precision in their financial journey. There is so much complexity and uncertainty. Understanding the numbers and their real meaning is of immense importance. Accurate budgeting and forecasting are the foundation of building a foolproof strategy. When it comes to financial forecasting, business leaders might find themselves in […]
Flexibility and Responsiveness Limitations – Breaking The Apprehension About Offshoring
The accounting industry is constantly evolving – market conditions, an unsteady economy, changes in regulations, and capacity challenges are some of the factors that make an impact. But their ability to quickly transform according to the changing market conditions and customer needs, the business’s ability to remain agile makes a massive difference. To remain ahead […]