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CONDUCTING AND DOCUMENTING AN AUDIT
OVERVIEW
audit work

AuditDesktop is a convenient tool for conducting and documenting audits following the pre-set methodology. Each audit engagement can be performed using a different audit method, customized to meet the specifics of the engagement. AuditDesktop provides unprecedented possibilities, which you will not find in any competitor product, for fine-tuning and expanding the audit approach even during the performance of an audit engagement. . Each work method can be used as a template for similar engagements.

PERFORMING AUDIT ENGAGEMENTS

Once the audit engagement has started and the team has been formed, the partner in charge of the audit engagement assigns rights to each team member regarding the working papers and the procedures which are to be performed. Each team member can see and access only that section of working papers which they have been given access to. AuditDesktop provides three separate views for access to the working papers from the audit approach:

audit work2
  • Tree and list: A hierarchical view model of the steps in the audit approach, including a list view of the documents contained in each step.
  • Tree-like - All steps and documents are accessible in a tree-view model
  • Grid – A hierarchically presented table view, which allows access to all working papers on a single screen with the option to filter and sort according to various criteria

AuditDesktop allows:

  • Importing trial balances and financial statements
  • Calculating materiality
  • Creating samples
  • Performing tests or substantive procedures in response to the assessed risks
  • Providing the customer with feedback questionnaires

AuditDesktop guides you through the various phases of the audit process. All functionalities of the software are accessible through a context menu for each document (at each location where one was referred to):

  • Review / Editing
  • Identifying errors in trials balances, statements or disclosures
  • Identifying and assessing risks
  • Entering and tracking: Issues, Notes, Comments
  • Findings and recommendations
  • Attached audit evidences
  • Tagging the status of the document: Completed, Checked

AuditDesktop allows you to attach all audit evidence collected to each single audit document, reference or element from a checklist or program. All information about the engagement is stored in a single database.

Microsoft Office – Word and Excel documents can be opened for review or editing in the center of the product. Specially designed custom fields with information from the audit engagement are available in the office documents. And even more…

Strategic planning
Strategic planning
Annual planning
Annual planning
Risk assessment
Risk assessment
Risk matrix
Risk matrix
Materiality
Materiality
Sampling
Sampling
Audit methods development
Audit methods development
Conducting and documenting an audit
Conducting and documenting an audit
MS Office integration
MS Office integration
Trial balance
Trial balance
Trial balances consolidation
Trial balances consolidation
Financial statements analysis
Financial statements analysis
Errors
Errors
Timesheets
Timesheets
Reports
Reports
Audit file export
Audit file export
Audit file export - checklist
Audit file export - checklist