As state budgets tighten, some states offer waiver of penalty and/or interest if a taxpayer will enter into a formal Managed Audit Agreement.  While the reward can be significant, the burden of performing the audit is shifted to the taxpayer with strict guidelines to be met in order to receive the full benefit. Pennington Consulting acts on behalf of the client to implement the formal agreement with the State while working with the client to make sure the process is a success and all deadlines and goals are met.