We explain who is likely to be audited by the IRS and what you can do to minimize your chances with tax software and other methods. I write about money. I’ve been reviewing tax software and services ...

The audit community’s adoption of electronic working papers to encourage collaboration has had an unintended consequence of creating dark data. That is, data trapped within these new documents, making ...

Before the introduction of payroll software, calculating employees’ wages and tax withholdings was tedious. It meant making painstaking manual calculations for every employee, and those calculations ...

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Companies can use financial audit software to determine whether there are significant misstatements in their financial accounts. An audit is a legal obligation for businesses to stay out of fraud.

Entering the post-pandemic era, and faced with an uncertain economy, many software vendors have been looking for sources of additional revenue, and they have found it—through customer software audits.

Any business that uses assets should hold a regular asset inventory audit in order to track important data like the number, condition, and location of all assets. The audit is a cost-effective method ...

Anyone who works in auditing knows the pattern: The busy season begins, and client data trickles in slowly and often is delivered incomplete. Evenings turn into countless hours in spreadsheets trying ...

Microsoft is king of the software audit with Oracle a distant second, according to a report by Flexera. Flexera's 2022 State of ITAM Report found that 46% of respondents were audited by Microsoft for ...