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The new breed of audit

TaxConnex

In years past, auditors could show up at your door asking to look at your records. Usually, you learn about an audit through a notice or letter from the state or jurisdiction in question with instructions on how the audit will proceed. Many audits are conducted remotely, and an auditor never visits your office.

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4 questions to drive your audit firm’s evolution

ThomsonReuters

The accounting and audit profession is undergoing significant changes as a result of the rapid advancement of technology. While some have expressed concerns that automation may replace human auditors, the reality is that technology is here to enhance the profession rather than replace it.

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Audit talent development: The ultimate strategy for recruitment, retention and firm growth

ThomsonReuters

From a shrinking talent pool to high turnover, the talent battle among accounting and audit firms continues to be a fierce one. For firms looking to attract and retain top talent , one factor rises to the top: audit talent development. Enter AuditWatch , a comprehensive audit training and consulting for accounting professionals.

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Sustaining audit innovation: How to set your firm apart

ThomsonReuters

In a rapidly changing and increasingly competitive business environment, it is essential for audit firms to stay ahead of the curve and remain competitive. What is the role of innovation in auditing? Innovation is a crucial element of any successful business, and the auditing process is no exception.

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Don’t wait—start preparing for your next sales tax audit now

ThomsonReuters

Jump to: Why is it important to be proactive toward sales tax audits? How can my company prepare for a potential sales tax audit? How can tax technology help when defending an audit? Sales tax audits are laborious, complex, data-intensive events that almost all companies must endure at some point.

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Challenging sales tax audits: How to contest and defend your position

ThomsonReuters

Jump to: When should you contest an audit? How should you prepare for an audit defense? How can automation help in an audit defense? What if a sales tax audit needs to be appealed? Contesting the audit means going through a complex decision tree, the steps of which are detailed below.

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Auditing in the digital age: Assessing risk with AI precision

ThomsonReuters

How mobile apps meet client expectations Streamlining your 1040 source document collection According to a recent survey by Protiviti and The Institute of Internal Auditors (IIA) , almost 75% of respondents, including 82% of technology audit leaders, view cybersecurity as a high-risk area, and with good reason.

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