Preparing for an audit with Sage Intacct

Sage Intacct streamlines audit preparation with deep financial visibility, robust audit trails, and flexible user permissions, helping organizations reduce audit stress and maintain compliance while focusing on core business activities.

Few things create anxiety for CFOs quite like the word “audit.” Even when you know your books are in order, the time and effort required to prepare for an audit can be significant, taking attention away from other critical responsibilities. If you’re using Sage Intacct as your accounting platform, you’ve made a smart choice. Sage Intacct is endorsed by the AICPA and comes equipped with robust features that can simplify and streamline audit preparation. Below, we’ll explore several key ways Sage Intacct can reduce audit stress while supporting a high-quality audit trail.

Deep visibility

Successful audits depend on having a clear and traceable audit trail—from the original transaction and supporting documentation through your business processes and all the way to the financial statements. Sage Intacct is designed to deliver this level of transparency, offering deep visibility into your organization’s financial framework.

Role-based dashboards in Sage Intacct make it easy to gather the reports and metrics auditors need in one place. Both you and your auditor can click on figures in financial statements and drill down to the underlying ledgers, reports, and source transactions—providing exactly what’s needed for thorough testing and review of key accounting processes.

Audit logs

Keeping a complete record and timeline of key activities is essential for SOX compliance and audit readiness. Sage Intacct maintains a continuous audit trail of every transaction, capturing what values were changed, when, and by whom. This audit log removes any uncertainty and helps ensure your organization remains GAAP compliant.

User and role-based access permissions

Controlling access through user and role-based permissions is crucial for maintaining a proper separation of duties. Sage Intacct supports both user- and role-level access controls for maximum flexibility. Users can be assigned multiple roles as your operational needs evolve.

For best practice and SOX compliance, it’s important to regularly review user access—especially as staff transition or organizational processes change. Sage Intacct allows you to view each user’s permissions and roles at any time, and Rand Group can help you create a consolidated custom report of all users and permissions for easy review.

Sailing through audits with Sage Intacct

Sage Intacct is a powerful financial management solution, providing the tools and visibility you need to navigate even the most rigorous audits. With its strong audit trails, comprehensive logs, and flexible security controls, you can focus on your business, not audit preparation headaches.

Next steps

Rand Group specializes in helping organizations maximize their investment in financial management solutions like Sage Intacct. Whether you need assistance in preparing for an audit, creating custom audit reports, or optimizing your accounting workflows, our expert consultants are here to help. Contact Rand Group today to learn how we can support your audit readiness and help you get the most value from your software.