Accounting firms are under increased pressure to provide more client value from the audit process, while also decreasing costs.
CaseWare’s audit solution provides a streamlined approach for managing and conducting audits without affecting quality, with content provided by major accounting bodies. When combined with Working Papers, CaseWare Audit can significantly enhance the effectiveness of your assurance, analysis and reporting engagements.
Audit engagements can get complicated and time consuming, particularly when you have to manage different people working on different files to ensure continuity and consistency.
With CaseWare Audit, your team can work in real-time on the same client file from different locations without worrying about checking out documents. CaseWare’s SmartSync technology works in the background to make sure all data is up to date across all users, eliminating administration time. When your team collaborates in real time, they become more efficient – and so does your engagement execution.
Conducting a successful audit requires a balance of depth and efficiency.
CaseWare Audit provides a range of tools and templates that can make your audit more efficient. Workflow dashboards provide visibility into engagement activities so that you can quickly identify inefficiencies and gaps and make adjustments to your plan. This can help keep your audit team activities streamlined and outcomes focused without over auditing your clients.
Large accounting firms typically have a specific audit methodology they use to conduct audits, while smaller firms may appreciate standardized processes to simplify their work and ensure consistency across engagements.
CaseWare Audit provides significant flexibility for audit design.
Larger firms can integrate their established audit processes into CaseWare Audit to ensure that their firm standards are met in addition to any external requirements. At the same time, audit firms can also choose to use or adjust pre-existing Audit templates.
Constellation provides a big picture view of your audit engagement so you can better direct your engagement activities. It takes all data points in your audit engagement that might be otherwise difficult to tie together and graphically demonstrates how the items are tied together. This allows the viewer to see where more work is required in order to complete the engagement.
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