An audit expert's perspective: Meet the expert - Tonya Moffitt

Tonya’s writing process is meticulous and driven by a commitment to staying current with new accounting and auditing standards. She includes dual guidance in her guides to help practitioners easily identify and apply the correct standards. Her passion for audit quality is evident in her advocacy for smaller governmental entities, ensuring they are well-represented and supported in implementing new pronouncements.

Tonya’s involvement in mastermind groups and industry associations keeps her at the forefront of the latest trends and changes in the auditing field. These groups provide a platform for sharing knowledge and best practices, further enhancing her ability to contribute to the profession.

Partnering with Wolters Kluwer

Tonya chose to partner with Wolters Kluwer due to their shared commitment to high-quality audits and adherence to standards. Wolters Kluwer’s knowledge-based content is designed to help auditors and firms navigate the complexities of auditing standards with ease. This partnership allows Tonya to leverage her expertise to create content that is both practical and comprehensive, ensuring that auditors have the tools they need to perform their work effectively.

Wolters Kluwer’s Knowledge-Based methodology is particularly valuable as it combines a risk-based audit approach with up-to-date expert content anchored in the latest guidance and professional standards. This methodology helps auditors perform accurate, efficient, and effective financial statement audits that comply with both GAAS and GAAP.

The value of Knowledge Coach

The CCH Knowledge Coach solutions, including cloud-based CCH Axcess™ Knowledge Coach and Knowledge Coach PCR or on-premise CCH® ProSystem fx® Knowledge Coach, leverage Wolters Kluwer’s Knowledge-Based methodology and are integral to the audit workflow, providing a seamless integration of audit practice aids for planning, risk assessment, review, and team collaboration. Knowledge Coach streamlines the audit process by tailoring each audit to an entities unique circumstances, directly linking identified risks with audit steps, and ensuring that under-or-over auditing is limited. This software facilitates collaboration across audit engagements, improves overall audit quality, and enables auditors to exercise professional judgment. All while remaining compliant with current AICPA Risk Assessment Standards and helping to avoid common peer review deficiencies. 

CCH Axcess Knowledge Coach is part of the industry’s most complete cloud-based accounting and audit platform that also includes CCH Axcess™ Engagement, CCH Axcess™ Validate, CCH® AnswerConnect, TeamMate® Analytics, TeamMate® Document Linker and integrations with CCH Axcess™ Marketplace software providers. Gain a competitive with the CCH Axcess™ Cloud Audit Suite and embrace the power of integration to drive success.

Insights from Tonya

Tonya’s advice to aspiring auditors is rooted in integrity and continuous learning. She emphasizes the importance of being able to look oneself in the mirror and know that the right thing was done, regardless of external pressures. She advises auditors to never let budgets or the desire to please supervisors compromise the quality of their work. Finding a mentor is also crucial, as these relationships can provide invaluable guidance and support throughout one’s career.

For those looking to improve their skills and knowledge, Tonya recommends attending conferences and industry-based trade shows. These events offer a deeper understanding of specific industries and provide opportunities to expand one’s professional network. She also highlights the importance of not being a generalist, but rather focusing on one or two industries to ensure high-quality audits.

Tonya Moffitt’s journey is a testament to the power of passion, dedication, and continuous learning. Her contributions to the field of governmental auditing and her commitment to helping others adhere to standards make her a true expert and a valuable resource for auditors everywhere.