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Accounting

Fieldguide for Financial Audit – 2024 Innovation Award Finalist

Fieldguide for Financial Audit was a Finalist for the 2024 Tax and Technology Innovation Awards, from CPA Practice Advisor.

Isaac M. O'Bannon

Aug. 29, 2024

Fieldguide for Financial Audit
2024 CPA Practice Advisor Innovation Award Finalist
https://www.fieldguide.io/solutions/financial-audit

Fieldguide, the only AI platform for audit and advisory firms, recently launched one of its most impactful innovations this year: Fieldguide for Financial Audit. Built on the same innovative technology and expertise that powers advisory services for many of the top 100 accounting firms, Fielduide for Financial Audit brings AI-powered automation to the entire audit lifecycle. This newest solution combines Fieldguide’s cutting-edge AI capabilities with end-to-end engagement automation, enabling firms to work faster with increased efficiency and smarter with higher accuracy and productivity.

Key features include:

– AI-Powered Technology. AI-assisted risk assessment and testing procedure selection highlights potential issues and ensures the right work is performed.

– End-to-End Audit Efficiency. AI-powered trial balance mapping and data extraction, coupled with intuitive one-click generation of financial statements, helping firms save time and boost productivity.

– Higher Quality Audits. Leverage trusted methodologies, audit libraries, templates and workflows in an intuitive modern experience ensuring rigorous standards are met. Real-time collaboration on working papers provides additional quality control.
Insights. With end-to-end analytics, firms have better visibility across the audit lifecycle, increasing engagement efficiency, resource utilization and client satisfaction.

With the talent shortage continuing to impact the industry, more than 40 of the top-100 CPA firms are implementing Fieldguide to improve efficiency, save time and increase profitability. Customers now report saving nearly 50% of time on an engagement when utilizing the Fieldguide platform.

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See all of the 2024 Tax and Accounting Technology Innovation Award Winners and Finalists at:
https://www.cpapracticeadvisor.com/2024/08/29/2024-tax-and-technology-innovation-awards/109458/