AuditFile, Inc., developer of the award-winning cloud-based audit automation platform, has launched a new product, AuditFile PCR+T, which is available to all AuditFile users. AuditFile PCR+T is a new product from AuditFile that incorporates artificial intelligence and machine learning algorithms to help CPAs complete preparations, compilations, reviews, and tax engagements faster and with less risk.
In addition, AuditFile tax users can choose from several customizable templates for setting up their tax trial balance and managing tax processes when setting up a new client engagement. In the tax templates, the trial balance can be imported directly from the corresponding audit trial balance so that tax specific adjustments and tax groupings can be applied.
“Our goal is to deliver easy-to-use, cloud-based tools that give accounting professionals the flexibility to incorporate artificial intelligence seamlessly,” said Steven Bong, founder and Chief Executive Officer of AuditFile.
AuditFile is a complete, cloud-based all-in-one engagement automation platform for public accounting professionals. Offered in three subscription options, AuditFile easily scales to meet the specific needs of firms of all sizes and specialties, and includes data storage, web training, and technical support in the subscription fee.
AuditFile was awarded patent 10,891,294 by the United States Patent and Trademark Office (USPTO) in January 2021.