Thomson Reuters — PPC’s Smart Audit Suite
http://ppc.thomsonreuters.com
Jul. 01, 2010
The product brief appeared with the July 2010 Review of Trial
Balance and Engagement Management Systems.
Thomson Reuters maintains the PPC brand as the center for its knowledge tools,
including the PPC SMART Audit Suite, a collection of the vendor’s audit-focused
Smart Practice Aids. The Aids are computer-based or online versions of audit
engagement tools that PPC has offered for years in print format. Aids are available
for virtually every type of entity audit, with the core program offering risk
assessment functions and utilities for accessing and documenting internal control
processes.
The PPC Guide to Audit Risk Assessment includes tools for providing detailed
analysis of standards and requirements, communicating this information to clients
with built-in presentations and scripts, and helping auditors understand principles
and best practices for audits. The Disclosure module is the most recent addition
to the Smart Audit Suite, helping audit practices streamline disclosure checklist
processes and helping ensure compliance with all requirements.
Also available as part of the SMART Audit Suite is the Internal Control Practice
Aids, which guides users through a top-down risk-based approach to most efficiently
evaluate controls for financial reporting. The tools help obtain and document
understandings, evaluate system designs, prepare internal control test plans,
and assess control risk. It is fully integrated with the Risk Assessment Aid
to optimize audit engagements.