Expert Insights Tax & Accounting

For several years, professional services firms and associations have been encouraging and even imploring Internal Audit teams to evolve their methodology to keep pace with the changes that are happening within their own organizations.

On September 2, 2020 the IRS released Notice 2020-68 which provides guidance in the form of questions and answers with respect to certain provisions of the SECURE Act of 2019 and the Bipartisan American Miners Act of 2019. Specifically, this notice addresses many of the IRA related provisions.

As a government services provider, this organization’s internal audit team adheres to a risk-based audit approach to manage its ever-changing regulatory demands. Data analytics plays a key role in supporting that approach by helping internal auditors leverage data to get a real-time pulse on the organization’s risk.

Healthcare giant Sanofi adopted Wolters Kluwer’s TeamMate+ to integrate processes across a new internal control department and internal audit. It soon found that it opened up far greater assurance possibilities across the global organisation.