august2022 - 10

are empowered with an easy-to-use central hub
to upload files, complete tasks, fill out questionnaires,
share comments, and view real-time status
updates. Firms are marketing the use of Fieldguide
in their sales process.
With Fieldguide, CPA firms, such as CLA,
compliance practice, with benefits including:
* Business scalability and firm growth
* Increased efficiency
* Reduced firm and client risk
* Improved client satisfaction
With the push for digitization, proliferating
economic nexus laws and other regulatory
changes, accounting professionals are looking for
new efficiencies and services to meet the urgent
needs of clients. Avalara Returns for Accountants
delivers visibility into process status, manages
multiple clients more efficiently, and automates
filing based on the needs of professional service
providers. Accounting firms get flexible cloud
technology to scale and grow their practice, meet
complex compliance needs of clients, and focus
more on advisory work.
FIELDGUIDE PLATFORM
Fieldguide is a platform for modern assurance
and advisory firms that streamlines the endto-end
engagement workflow. Since launching
in 2021, Fieldguide has released two dozen
frameworks across cybersecurity and ESG risk
(e.g., SOC2, NIST CSF, ISO 27001, SASB, and more),
and has become a favorite among the nation's
best audit firms.
* Automation: Fieldguide doubles productivity and
eliminates errors by automating every step of the
engagement, from client requests to sampling and
testing to templated reporting.
* Collaboration: Fieldguide brings together the
entire engagement across practitioners and clients
on a cloud-native platform. Practitioners can act
on insights, drive automation, and communicate
with clients.
* Sales-maximizing client experiences: Firms gain
a competitive advantage by offering a tech-enabled
experience that modern clients expect. Clients
Wipfli, Withum, Warren Averett, and BerryDunn,
have saved countless hours of manual work and
doubled their capacities. Fieldguide has enabled
firms to focus on delivering exceptional client
service and strategic advice. Fieldguide's NPS
score is consistently a world-class 90+. " We were
originally sending four people onsite for one job,
but we now have two people working remotely
on one job ... our team is now doing three to
four audits a week with the new team structure.
Historically it might've been one engagement,
two at the most, " said Christopher Ellingwood,
senior manager at BerryDunn. Read the case
study at: https://bit.ly/3sQsWP4.
INFLO WORKPAPERS
Inflo Workpapers is a comprehensive, cloudnative
audit engagement workflow solution. It
delivers an innovative audit methodology and
end-to-end workflow in which advanced technologies
are integrated at the point they are needed
within a digital audit workflow and digital client
experience. Until now, forward-thinking firms
attempting to incorporate progressive technologies
have been forced to piece together disparate
solutions, layering new technologies on top of
traditional audit platforms and methodologies.
By tightly integrating collaboration and data analytics
capabilities, Inflo Workpapers advances the
profession by making the adoption of emerging
technologies practical, seamless, and efficient.
Covering the entire audit process, ensuring
compliance with professional standards, and
delivering the right technologies exactly where
it's needed in the engagement:
* Risk Assessment. Auditors work directly with the
data - drilling down to efficiently identify unusual
items and craft well-informed questions, freeing
them to spend time thinking critically.
* Response to Risk. Powerful visuals and hybrid
intelligence ensure high-quality and efficient
audit responses.
* Substantive Testing Procedures. Traditional
testing is replaced with superior techniques,
including highly efficient whole-population testing.
* Reporting. Value-add reporting ensures both
standards compliance and greater client value.
10 AUGUST 2022 ■ www.CPAPracticeAdvisor.com
Inflo Workpapers transforms the audit
experience for the next generation of accountants
entering our profession. Such is the value
of an audit performed using Inflo, organizations
are actively seeking CPA firms using this more
efficient and insightful audit platform. This has
resulted in several large client wins for customer
firms, directly due to referrals from Inflo, or
from the demonstration of Inflo during the audit
bid process.
SAFESEND RETURNS
The new SafeSend Returns Group Returns &
Signer Delegation features allow firms to send
multiple returns to a designated recipient, such
as a controller, CFO, or assistant. The designee
uses one link to access and manage returns. With
these SafeSend Returns features, firms can:
* Send multiple returns (all return types) to
one individual.
* Give one individual the ability to review, sign, and
make payments for multiple returns in the same
seamless flow.
* Give one individual the ability to control the
review of the return and make payments while
delegating the signing step to the appropriate
person for completion.
* Send all reminders to one individual, who will be
responsible for the tasks.
* Track the status of delivered returns for the group
or " family " through in-product reporting.
VALID8 AUDIT AND
INVESTIGATIONS
Valid8 streamlines the collection of accounting
evidence to improve efficiency and reduce risk
in audit, forensic, advisory or tax engagements.
Valid8 software extracts accounting evidence
from documents and systems to help eliminate or
reduce sample risk from professional accounting
engagements.
Used in thousands of professional accounting
engagements in the United States, United
Kingdom and Canada, Valid8 allows customers to
achieve higher quality output while automating
and accelerating the low level, mundane work of
data preparation. Types of engagements include:
financial statement audits, forensic accounting,
federal and state white collar crime investigations,
Chapter 11 bankruptcies, corporate
restructuring, high net-worth divorces, buy side
M&A diligence.
https://www.bit.ly/3sQsWP4 http://www.CPAPracticeAdvisor.com
august2022

Table of Contents for the Digital Edition of august2022
