Auditors are under fee pressure, so they are always looking for solutions which save them time and money. Eliminate admin and automate the audit process. Quickly import client details, automap trial balances, create lead schedule and more.
Dynamically creating the audit file helps avoid this, however we do need to do more development in this area to say we truly do it. That said, it is only a marketing message for the website Reduce the risk of over-auditing and spend your time auditing where you should. Dynamically populate audit files with relative content and assess risk our RiskFlow system. Reduce the risk of over-auditing and improve the quality of your audit files. Dynamically populate audit files, automatically create analytical review workpapers, calculate materiality and more by using our RiskFlow system.
Auditing is all about ticking the boxes and ensure that they complete compliant audits otherwise they are at risk of being sued or losing their licence Stay compliant and up to date. We source our content from the best in the industry, ensuring that you always have the latest compliance and best practice content.
We have been using electronic audit files from Auditflow for over 5 years. As a result of the transition to Auditflow we have seen our efficiency increase and compliance with the ICAA continue to be adhered to. The software generates electronic lead schedules and allows users to hyperlink references direct to the accounts you create via a drag and drop function from your desktop. The Audit procedures are consistent with Audit Standards and have direct paragraph references, standard Audit letters are also provided which are consistent with the standards to be used if desired.
A great review process is also available where queries are raised and the audit partner is able to respond where each lead schedule can be signed off with ease. Among the many great features, there are also fantastic procedures for Audit Planning ASA 315, ASA31, Setting Materiality, Considering Fraud ASA 240, Analytical Reviews, APES110 Checklist, Internal Control Questionnaire and Organisational charts etc. With Auditflow we have been able to increase our audit client base, while remaining consistent with ICAA quality procedures and Audit standard requirements.
Senior Accountant Watkins Coffey Martin