Audit Advisor Window

Follow the guidelines below to complete the fields on the Audit Advisor window.

Items in this window

Item Notes
Step 1: Select a Book Use this field to select the book containing the assets that you want the Audit Advisor to check for compliance with tax regulations. You can select only one book at a time.
Step 2: Enter a Fiscal Year End Use this field to enter a fiscal year end-date. The Audit Advisor will review only the assets that were placed in service in the selected fiscal year. You must enter the date in MM/YYYY format.

Note: The date that you enter must be in 2001 or later.

[Run Review] Select this button to begin the review process. The system reviews the assets in the selected book for the selected fiscal year, and it displays the results on your computer’s screen.

The application also creates groups of assets that may not comply with IRS regulations so that you can review the assets more easily. The report indicates the names of the groups that the application creates.

For information about the types of potential problems that the Audit Advisor looks for, see Audit Advisor Validations.