Guided Assurance

Overview of Guided Assurance

Audit (Risk Assessment and Field Work)

Plan and execute the entire PPC audit process and provide even more efficiency to your audit workflow experience. Use this automated tool to:
  • Carry your planning materiality, tolerable misstatement, and risk assessments throughout your audit engagement.
  • Complete your audit work and sign off audit program steps.
  • Insert linked workpaper references.
  • Access diagnostics, rollforward, links to content on Checkpoint, multi-user capability, and master engagements.

Internal Control

Optimize the overall planning process. Use this comprehensive, fully-integrated internal control evaluation and analysis tool to:
  • Obtain and document your understanding of internal control.
  • Evaluate system design.
  • Prepare internal control test plans (required, if performing a public company audit of internal control).
  • Conclude on control effectiveness if performing a public company audit of internal control.
  • Assess control risk.

Disclosure

Optimize financial statement disclosure preparation and review. Use this automated tool to:
  • Prepare a customized checklist of applicable disclosure requirements.
  • Quickly identify new or changed disclosure requirements.
  • Create and save company-specific disclosures.
  • Create and store firm-approved disclosures to use in any engagement.
  • Research related authoritative literature on Checkpoint.

Compilation and Review

Increase efficiency using automated, industry-tailored checklists and forms for the engagement planning and performance of your compilation and review engagements. This tool offers:
  • Interim and annual compilation, compilation for management use only, and review engagements.
  • Specialized industries – commercial, construction, nonprofit, and more.
  • Rollforward and multi-user capabilities.
  • Diagnostics identifying errors or inconsistencies.
  • Links to content-specific guidance on Checkpoint.

This article applies to:

  • Product: Cloud Audit Suite