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Business Challenge
Tax and Revenue agencies are continually striving to improve efforts to identify and efficiently assess under-reported tax. Audit supervisors and managers need to monitor audit progress, effectively manage cases, know what is happening now (not months down the road) and be able to easily identify the cases that require their involvement. |
Auditors are constantly asked to conduct more audits and perform more complex audit functions, in less time and with less support staff. Managers, supervisors and auditors want easy access to all information about an audit in one place. How can an Audit Manager:
- Provide their supervisors the tools that they need to effectively track and manage audits?
- Facilitate supervisors’ involvement in the right cases to maximize return and accelerate completion?
- Provide field auditors with a complete auditor tool kit to produce consistent workpapers, reduce expended time on cases, reduce errors and facilitate supervisory and taxpayer review of workpapers?
- Ensure standardized workpapers with up-to-date tax law changes, across the Audit Division while affording auditors flexibility for unique taxpayer situations?
- Provide for an end-to-end, integrated audit solution that will significantly increase efficiency and audit revenues?
- Provide easy access, in either the office or the field, to all the audit workpapers and attachments via a single electronic case folder?
Modern Compliance Management techniques, including leading-edge technology solutions, are required to maximize output from agency’s audit resources and produce the highest return on investment. Many states struggle with the choice of either designing their own software to address problems and improve efficiency or securing a developed, proven product. With the high cost of hiring, training and maintaining competent IT resources and the need to stay current with today’s technology, an in-house solution has become more difficult to build and maintain. Therefore, Audit Managers must ask:
- How can they implement needed technology enhancements within budget?
- How can they be sure the technology solution will work and the anticipated revenue will be realized?
RSI has the Solution
RSI’s Revenue Premier® Audit Manager is dedicated to assisting audit managers, supervisors and auditors operate at maximum efficiency. Revenue Premier Audit Manager consists of three core components, Audit Workbench, Workpapers Toolkit and Statistical Sampler, that work independently or together to provide an industry-leading integrated Audit Management solution for both the audit manager/supervisor and the auditor. These are proven products that have been implemented in 5 state Tax and Revenue agencies, as well as more than 26 local jurisdictions, comprising over 1,100 users.
Summary
RSI’s Revenue Premier Audit Manager addresses the complexities that auditors and audit supervisors face to ensure that all audit resources are as productive as possible. The Audit Workbench, Workpapers Toolkit and Statistical Sampler components provide field auditors, desk auditors and supervisors with a powerful integrated suite of tools all designed to increase efficiency and productivity while at the same time empowering auditors to more effectively conduct field audits.
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