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The buzz: Auditor to Santa Claus: “You gave away 60 billion toys and didn’t get one receipt?” (FARCUS Comic Strip). As April 15 approaches each year, U.S. tax firms are deluged by clients’ last-minute filing requests, piles of disorganized papers and receipts, and emailed scanned documents. Will the Internet of Things reduce a CPA’s deadline-driven work? Reality check: Not right away for individual practitioners, but significantly for businesses. Planning and budgeting accuracy increases with real-time data. Continual fraud detection is feasible when live information streams through a detectio
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