Tech news: CPA.com announces updates to Dynamic Audit Solution

CPA.com announced a raft of new capacity updates for its Dynamic Audit Solution. They include newly supported industries such as technology, real estate, dealerships, depository and lending institutions, investment companies and insurance, with additional industry content for state and local governments to be released in the coming months. Central planning allows risk assessments and responses to risks to be managed from a central entity, enabling auditors to modify elements of the individual entities to further streamline workflows. Users now have the ability to create new custom tests for specific needs, and link tests to specific risks.

Procurement and finance solutions provider Corecentric upgraded its International Tax Management Engine, aimed at streamlining geographic-specific tax calculations, while bringing broad global compliance services and document accuracy and automation to accounts payable customers. Specifically, users can set custom rules that enable automatic tax rate calculations tailored to their business practices and geographies throughout workflows, automating tax entries for both invoices and accruals. It also adapts to the evolving regulatory landscape, particularly in regions with strict e-invoicing and e-compliance mandates, and allows tax applications to reflect regional requirements down to each transaction's unique context. 

Intuit announced a series of product updates, as well as the rollout of a new solution. As with clients using other QuickBooks Online subscriptions, accountants can now access a solopreneur client's books through QuickBooks Online Accountant, which includes the ability to review a client's Chart of Accounts and transactions, conduct reconciliations, and access client account registers, journal entries and reports. Intuit Enterprise Suite, meanwhile, now has improved multi-entity accounting and financial management, dimensions and business intelligence, recurring payments, industry-specific customizations, and a dedicated partnership via a new Intuit Enterprise Suite training subscription. Finally, Intuit launched QuickBooks Customer Hub powered by Mailchimp. Users can encourage customers to rate and share their satisfaction and experience; connect with prospective customers by giving current customers a way to recommend their product or service to others; and automate the process for existing customers to request repeat or new business.