A practitioner can perform a depreciation audit using data from a dedicated fixed asset software package exported to a spreadsheet or fixed asset data that is already in a spreadsheet.  The AuditDepre™ System consists of one form with four (4) tabs to perform a comprehensive audit for Federal Tax and Financial Book. 

The individual tabs are:

• Processing Questions - presents options for processing the audit of the fixed asset data and the specific test(s) to run.

• Fixed Asset Data – allows the user to paste data from a fixed asset spreadsheet.

• Depreciation Detail – displays the complete analysis of each individual asset record. 

• Audit Results - lists all compliance errors found based on the selected tests.
  
  

Auditors currently check fixed asset data at a very high level, which does not always ensure complete Tax and GAAP compliance. 

AuditDepre™ is aimed at solving SOX compliance problems for the audit branch of a Public Accounting Firm, as well as Corporate In-house Auditors.