Audit AssistantRemember CAATs? This was an acronym for Computer Assisted Audit Tools – a general category for all things computery that helped us work with more efficiency and power. Now that virtually all we do uses a computer, ISA 315 (Revised 2019) does not refer to CAATs but to Automated Tools and Techniques (ATTs). This kind […]
Read moreThere’s a new Act in town. And some people aren’t happy, claiming that this could be an ‘extinction event’ for many small clubs. The 1908 Act was predictably relaxed, out of step with modern regulation and reporting, so an update was needed. So what does the new Incorporated Societies Act entail for these entities, and […]
Read moreDoes your firm administer any family trusts? Then you will no doubt be aware of the increased requirements under the Trusts Act 2019 for ensuring all the data about the Trust is up to date. To help achieve this, we have, in collaboration with a large local Accountancy firm, developed a simple questionnaire to be […]
Read moreThe IAASB has now issued its proposed standard on less complex entities (ED-ISA for LCE) for feedback. A standard around LCE’s is long overdue, and their proposal comes with the hope of easing unnecessary requirements placed on auditors. The standard is expected to come into effect around 2024 and should be a game-changer for the […]
Read moreFollowing on from the IAASB discussion paper on the audit of Less Complex Entities (that we have previously discussed), the IAASB recently released some good news – a new single standard is being developed for these entities. The IAASB Glossary defines these as entities which typically possesses qualitative characteristics such as: a. Concentration of ownership […]
Read moreOur current Australia-specific content includes: More content is being released. We provide help for onboarding, client migration and setup, training modules, and ongoing review to ensure firms are using the templates well. We also specialise in working with our clients to make custom content specifically for their firm approach, and even reseller accounts for similar […]
Read moreWith remote and paperless auditing becoming much more common, a number of threats and opportunities arise. This article considers the use of Adobe DC Pro as both a great tool for authenticating and securing documents for signing, and also how it can be used maliciously to tamper with PDFs. How safe are PDFs? Many auditors […]
Read moreLarger charities are becoming seriously focused on preparing service information in a way that is meaningful, compliant with the standards, and able to be audited without too much drama. It is important that charities see this task, not as an onerous burden but as a positive experience that enables them to tell their wider story. […]
Read moreWhen help or support is needed first use the “help” icon from within Audit Assistant (bottom right of the screen): This connects to relevant articles from our support hub. Includes a contextual search function with a number of suggestions. If the suggestions are not suitable, use the search bar to access all the content on […]
Read moreWe want to proactively assist our users to become more equipped, skilled, efficient and profitable. Here are some ideas: Have us assess your practice We often find that firms that are struggling with their documentation and staying current benefit hugely by having us look through the kind of work they do, having a conversation around problems […]
Read more