Tech News: Trullion releases revenue and audit modules

Published January 20, 2023 9:53 AM

Updated January 20, 2023 10:15 AM

1 Min Read

Trullion releases new audit and revenue modules; we're one step closer to Skynet; and other news and updates from the accounting technology arena.

Trullion releases audit and revenue modules

Thumbnail for Video: Technology and the Audit of the Future

Accounting automation solutions provider Trullion announced the availability of two new modules, Revenue by Trullion and Audit Test of Details workflow, for early adopter companies and firms. The revenue module synchonizes CRM, billing and contract data into a single platform for internal and external stakeholders. Powered by artificial intelligence, the workflow generates ERP entries, disclosure reports and advanced reporting. The module is currently accessible for companies leveraging Salesforce CRM and NetSuite ERP and available in selected verticals. The audit module, meanwhile, allows auditors to extract ERP/general ledger files and validate against their source data, such as invoices, PDFs and other client sources.

Revenue by Trullion is available to existing customers and to other companies via Trullion's partner network of over 100 audit and advisory firms. The Audit Test of Details workflow is now available to firms currently leveraging Audit by Trullion.

AI capable of making sophisticated malware

Researchers have learned that people can use the new ChatGPT AI to automatically generate new forms of malware, including polymorphic software that is capable of changing its own code on the fly to meet novel challenges (see full story). This is not a dire warning of a theoretical future, but a description of what can be done right now, today. The AI chatbot that wrote the initial report warned that humans dismiss the findings at their own peril.

New hires and appointments

Intuit appointed Tiffany Beltis as the new Intuit QuickBooks ProAdvisor Program leader. She will be responsible for ensuring the program meets the needs of the ProAdvisor community. … Crypto tax and accounting platform Ledgible appointed Vivian Fang as chief advisor of tax, accounting and policy, and Gabriel Brin as vice president of tax and accounting product.

Awards and honors

Drake Software announced Drake Tax has been voted Most Recommended to New Practice in the 2022 Journal of Accountancy Survey. Small tax practices in particular ranked Drake Tax as their top choice. In addition, the company also took the top spots for Federal and State Income Tax Preparation, Tax Planning Systems, and Client Portals in the CPA Practice Advisor Readers' Choice Awards. … Bloomberg Tax & Accounting named Jerry Hesch of Meltzer, Lippe, Goldstein & Breitstone the 2022 recipient of the Silverstein Award, named after the founder of the Tax Management Portfolios, for his expertise and longstanding contributions to the field of estates, gifts and trusts tax. It also named Michelle Graham the Tax Portfolio Author of the Year for her work on Portfolio 842 T.M., "Transfers to Noncitizen Spouses." Alan Gassman, Martin Shenkman, and Jonathan Blattmachr also received the Tax Contributors of the Year Award for their article "Land Mines and Safe Havens for SLAT Planning."