Audit Module Solution
It will provide users with tools and resources to manage tax or financial audits. The solution will include an audit checklist to guide users through the necessary documents and steps, an AI-powered audit risk assessment, integration with the Documents module for easy access to necessary files, and support for audits, including expert consultations or advice powered by artificial intelligence.
How the module works?
All you need:
- Tax Return
We offer you:
- Audit Risk Detection
- Professional Assistance Request
- Audit Resolution Process
Features that make us unique
Provides users with tools and resources to handle tax or financial audits. The solution features an audit checklist to guide users through the necessary documents and steps, an AI-powered audit risk assessment, notifications and reminders.
Audit checklist
Audit Risk Assessment
Audit Resolution and Follow-up
Audit History and Records
Audit Checklist
- Algorithms and AI to detect potential audit triggers based on the customers tax return and other financial documents.
- Notifies clients and tax professionals immediately if an audit risk is detected.
Audit Risk Assessment
- Classifies audit risk into categories such as low, medium and high based on detected triggers.
- Provides a comprehensive report detailing the reasons for audit risk, potential red flags, and suggestions for resolution.
Audit Resolution and Follow- up
- Provides step-by-step guidance to clients on how to resolve audit issues, whether by making corrections, providing additional documentation, or other means.
- Implement a system to track audit resolution progress and notify any updates or additional requirements.
Audit History and Records
- Maintain a detailed record of alla audit related activities, documents and communications for future reference.
- Document the outcome of the audit, whether it was resolved favorably, led to additional payments or had other consequences.