Improved Hamiltonian simulation via a truncated Taylor series and   corrections
  We describe an improved version of the quantum simulation method based on the implementation of a truncated Taylor series of the evolution operator. The idea is to add an extra step to the previously known algorithm which implements an operator that corrects the weightings of the Taylor series. This way, the desired accuracy is achieved with an improvement in the overall complexity of the algorithm. This quantum simulation method is applicable to a wide range of Hamiltonians of interest, including to quantum chemistry problems. 
Leonardo Novo and Dominic W. Berry
quant-ph