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Audit automation: Exploring the benefits of Checkpoint Engage Single Audit

ThomsonReuters

When it comes to Single Audits of local governments, nonprofits, school districts, and HUD engagements, auditors must navigate through a complex set of rules that are constantly changing. These challenges compound quickly as the volume of audits increases. However, there is an answer: audit automation.

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Understanding Form 8283 and non-cash charitable contributions

ThomsonReuters

It is imperative to follow these instructions meticulously to ensure accurate reporting and to avoid potential discrepancies that might raise red flags for your clients during an IRS audit. It is typically used to determine the amount of the charitable contribution and any potential tax benefits associated with the donation.