AUDIT & ASSURANCE

From Deloitte Spinout to Market Disruptor: Streamworks Targets the Mid-Tier Audit and Assurance Software Gap

By

Sharma

Rebranded from Auvenir, the independent platform doubles down on AI, quality management, and underserved firms.

By CPA Trendlines

Auvenir, the audit and compliance technology platform originally developed within Deloitte, has officially spun out as an independent company under a new name: Streamworks Tech.

The move marks a strategic shift—not just in ownership, but in market focus, product direction, and long-term vision.

“Ultimately, both sides agreed that… the customers are in the best hands, and the technology is in the best hands, with us continuing forward [as an independent company],” said Neeraj Sharma, chief operating officer of Streamworks Tech. READ MORE →

Why “Busy” Is the Wrong Metric in Audit

By


And the Planning Assumptions Firms Get Wrong.

By William Englehaupt

Walk through almost any accounting firm during busy season, and the signals are familiar: calendars packed wall-to-wall, inboxes filling faster than they can be cleared, and professionals praised for constantly stepping up to meet demands. In many firms, this visible intensity is taken as proof of productivity. If people are busy, the thinking goes, work must be getting done.

MORE Audit & Assurance

But “busy” is not a productivity metric. It is a symptom. And when firms mistake it for performance, they quietly undermine quality, predictability, and morale.

Accounting is not alone in this trap, but the profession is especially vulnerable to it. Long hours and constant responsiveness feel reassuring in high-risk environments. They create the appearance of control. What they rarely produce is a reliable flow.

READ MORE →

The PE Takeover: Audit Problem? What Audit Problem?

By

1,000 Deals Show Where PE Money in Accounting Really Goes.

By CPA Trendlines

Private equity’s expansion into accounting is widely framed as a takeover of public company audits. But new data shows that’s only a myth.

MORE Private Equity | The 7.6x Machine: How Grassroots Firms Are Taking Private Equity for a Ride | Deal Tracker: PE Platforms Accelerate the Grab for CPA Firms | With Apax Sale, CohnReznick Starts Building a National Platform | Unicorns and Funerals: From the Demise of Botkeeper to the Rise of Basis AI | Jeremy Dubow: Raising the Bar for Talent | Big 4 Transparency | Twelve Great Reasons to Merge In a Smaller Accounting Firm

A close look at almost 1,000 PE deals over the last 10 years shows only about 10% involve firms with assurance practices. The reason is as clear as it is simple: The vast majority of PE and PE-backed deals are for firms too small to play in the audit business.

READ MORE →

The Six Stages of 401(k) Audits

By

green marker checking boxes

Keep the process from dragging on.

By Jody Grunden
Building the Virtual CFO Firm in the Cloud

As with any service area, it’s important to have a solid process in place. Without one, it can be a little bit like the Wild West! The 401(k) audit process involves six stages, which are typically completed within four to eight weeks.

MORE by Jody Grunden
GoProCPA.comExclusively for PRO Members. Log in here or upgrade to PRO today.

Once a prospective client confirms they want Summit to complete their audit, we send them the engagement letter and the questionnaires along with the governance planning memo that we’re required to give them.
READ MORE →