Knowledge-Based Audit™ Titles

If you want high-quality audits that comply with AICPA Risk Assessment Standards, then it’s time to equip yourself with Knowledge-Based Audit™ (KBA) Titles.

Keeping up with the latest industry-specific audit standards takes a lot of mental muscle — and you need the right tools.

To help firms meet the demands of the latest standards, CCH audit experts developed an effective auditing process that combines the latest advances in technology with a specialized methodology. The Knowledge-Based Audit™ (KBA) methodology was developed from the ground up to ensure the best possible approach to implementing the AICPA risk-based standards. 

Each audit title based on the KBA framework includes the latest audit requirements for a specific type of company or organization. Knowledge-Based Audit Titles (KBA Titles) assist you in performing audits by providing relevant and up-to-date expert guidance, risk assessment tools and comprehensive practice aids.

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Key Features

Produce high-quality audits that comply with AICPA Risk Assessment Standards with …

  • KBA documents that contain steps and procedures required by Generally Accepted Auditing Standards (GAAS).
  • Audit Program documents that guide you through related steps and procedures.
  • Practice Aids that help you complete steps or processes outlined in other documents.
  • Correspondence document templates that include engagement letters and confirmation requests.
  • Auditor’s Reports documents and templates for a variety of sample auditor’s opinions on audited financial statements.
Details

Expert information in KBA Titles is available in two formats:

  • Interactive Version (Knowledge Tools)— Works in concert with the revolutionary digital audit management process offered by ProSystem fx Knowledge Coach and guides the auditor in tailoring an audit plan to a particular entity.
  • Content Version (ARM Module)— Available via Accounting Research Manager ® and delivered as Microsoft Word and Excel files, making the expert information in each title easily accessed and manipulated. As an ARM Module, content is fully searchable throughout all of your ARM libraries.

Audit Guides Provide Corresponding Interpretive Material

In addition to the expert information and practical tools of the KBA titles, CCH offers a full complement of industry-specific Audit Guides on Accounting Research Manager. The Guides feature expert interpretive material and guidance to help you get the most out of the KBA workpapers at every step within the audit.

Knowledge-Based Audit Titles Available on ARM

Knowledge-Based Audit™ Titles utilize Knowledge-Based Auditing methodology to help you perform more effective and efficient financial statement audits. Each one is written for a specific industry to help you mitigate risk and achieve more effective GAAS compliance for that type of audit. With the information in a KBA Title you can ensure the accuracy of your audits, improve efficiency and streamline your workflow. The KBA Titles available as ARM Add-On Modules are provided as Microsoft Word and Excel documents, making them searchable along with all the other content available to you on ARM.

The KBA Titles are available as Add-on Modules for any ARM Audit Library. To view available titles select the Available Titles tab.

Knowledge Tools Audit Titles for ProSystem fx Knowledge Coach

Your Toolkit for an Exceptional Paperless Audit Workflow

The ProSystem fx Knowledge Tools version of the Knowledge Based Audit Titles utilizes the same expert content as the ARM modules. The KBA Titles are written by practicing CPAs within a framework that provides an integrated set of procedures from pre-engagement through evaluating, concluding and reporting. The Knowledge Based Audit framework helps you manage the auditing standards and ensures that important information is not overlooked or hidden in the details of numerous checklists and forms.

The Knowledge Tools Titles that work with Knowledge Coach provide the content that fuels the interactive processes used by ProSystem fx Knowledge Coach from within ProSystem fx Engagement. The technology and content come together in a step-by-step process that facilitates an auditor’s thinking as s/he works through an audit. Each KBA Title is complemented by a full industry-specific KBA Guide on Accounting Research Manager. The Guides feature interpretive material to help you get the most out of the KBA workpapers at every step within the audit, with a direct link from within the application.

Other Audit Titles

You’ll appreciate these content-based tools that offer streamlined functionality for preparing financial statements or conducting audits — and help alleviate some of the more tedious work while aiding quality control.

US GAAP Financial Statement Disclosure Examples 

Seamless integration with ProSystem fx Engagement makes this a valuable resource for working with financial statements. A comprehensive and varied library of footnotes accessible directly from a Word Financial Statement, and the auto-populating function that adds the client name and data links directly into the selected footnote, make this title far superior to the competition.

AutoCheck: Automated Disclosures Checklists

Simplify the complex process of preparing financial statements with an automated disclosures checklist compatible with the standards you’re using. There is a version to use with US GAAP and one for IFRS. Find them on Accounting Research Manager.

To view available titles select the Available Titles tab.

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KBA Titles Available

CIRA (Common Interest Realty Associations)

  • Knowledge Coach/Knowledge Tools: May 2014
  • Accounting Research Manager: December 2013
  • IntelliConnect: December 2013

Format Available

Tools:
  • Knowledge Coach/KnowledgeConnect
  • Accounting Research Manager
  • IntelliConnect
Guide:
  • Accounting Research Manager
  • IntelliConnect
  • Books

Entities Covered:

  • Common interest realty associations including HOAs and cooperatives

*(Release dates subject to change)

Commercial

  • Knowledge Coach/Knowledge Tools: July 2014
  • Accounting Research Manager: May 2014
  • IntelliConnect: June 2014

Format Available

Tools:
  • Knowledge Coach/KnowledgeConnect
  • Accounting Research Manager
  • IntelliConnect
Guide:
  • Accounting Research Manager
  • IntelliConnect
  • Books

Entities Covered

  • Non-public, for profit

(Release dates subject to change)

Compilations & Reviews

  • Knowledge Coach/Knowledge Tools: August 2014
  • Accounting Research Manager: July 2014
  • IntelliConnect: July 2014

Format Available

Tools:
  • Knowledge Coach/KnowledgeConnect
  • Accounting Research Manager
  • IntelliConnect
Guide:
  • Accounting Research Manager
  • IntelliConnect
  • Books

Entities Covered

  • Non-public, for profit

(Release dates subject to change)

Construction

  • Knowledge Coach/Knowledge Tools: September 2014
  • Accounting Research Manager: June 2014
  • IntelliConnect: June 2014

Format Available

Tools:
  • Knowledge Coach/KnowledgeConnect
  • Accounting Research Manager
  • IntelliConnect
Guide:
  • Accounting Research Manager
  • IntelliConnect
Entities Covered
  • Construction companies; contractors

(Release dates subject to change)

Employee Benefit Plans

  • Knowledge Coach/Knowledge Tools: April 2014
  • Accounting Research Manager: January 2014
  • IntelliConnect: January 2014

Format Available

Tools:
  • Knowledge Coach/KnowledgeConnect
  • Accounting Research Manager
  • IntelliConnect
Guide:
  • Accounting Research Manager
  • IntelliConnect
  • Books

Entities Covered

  • Defined contributions including limited and full scope, 401K, 403b; defined benefits plans including limited and full scope

(Release dates subject to change)

Financial Institutions

  • Knowledge Coach/Knowledge Tools: April 2014
  • Accounting Research Manager: January 2014
  • IntelliConnect: January 2014

Format Available

Tools:
  • Knowledge Coach/KnowledgeConnect
  • Accounting Research Manager
  • IntelliConnect
Guide:
  • Accounting Research Manager
  • IntelliConnect
  • Books

Entities Covered

  • Defined contributions including limited and full scope, 401K, 403b; defined benefits plans including limited and full scope

(Release dates subject to change)

Governmental

  • Knowledge Coach/Knowledge Tools: April 2014
  • Accounting Research Manager: January 2014
  • IntelliConnect: January 2014

Format Available

Tools:
  • Knowledge Coach/KnowledgeConnect
  • Accounting Research Manager
  • IntelliConnect
Guide:
  • Accounting Research Manager
  • IntelliConnect
  • Books

Entities Covered

  • Defined contributions including limited and full scope, 401K, 403b; defined benefits plans including limited and full scope

(Release dates subject to change)

Health Care

  • Knowledge Coach/Knowledge Tools: April 2014
  • Accounting Research Manager: January 2014
  • IntelliConnect: January 2014

Format Available

Tools:
  • Knowledge Coach/KnowledgeConnect
  • Accounting Research Manager
  • IntelliConnect
Guide:
  • Accounting Research Manager
  • IntelliConnect
  • Books

Entities Covered

  • Defined contributions including limited and full scope, 401K, 403b; defined benefits plans including limited and full scope

(Release dates subject to change)

HUD Programs

  • Knowledge Coach/Knowledge Tools: April 2014
  • Accounting Research Manager: January 2014
  • IntelliConnect: January 2014

Format Available

Tools:
  • Knowledge Coach/KnowledgeConnect
  • Accounting Research Manager
  • IntelliConnect
Guide:
  • Accounting Research Manager
  • IntelliConnect
  • Books

Entities Covered

  • Defined contributions including limited and full scope, 401K, 403b; defined benefits plans including limited and full scope

(Release dates subject to change)

International

  • Knowledge Coach/Knowledge Tools: January 2015
  • Accounting Research Manager: October 2013
  • IntelliConnect: October 2013

Format Available

Tools:

  • Knowledge Coach/KnowledgeConnect
  • Accounting Research Manager
  • IntelliConnect

Entities Covered

  • U.S. or international companies who are reporting under international standards

(Release dates subject to change)

Non-traditional Engagements

  • Knowledge Coach/Knowledge Tools: July 2014
  • Accounting Research Manager: March 2014
  • IntelliConnect: March 2014

Format Available

Tools:

  • Knowledge Coach/KnowledgeConnect
  • Accounting Research Manager
  • IntelliConnect

Guide:

  • Accounting Research Manager
  • IntelliConnect
  • Books

Entities Covered

  • Attestation engagements including general examination and review level, agreed upon procedures, financial forecasts and projections, pro forma financial statements, integrated internal control, compliance, and management's discussion and analysis; engagement to report on controls at a service organization (formerly known as SAS-70 audits (SOC1)); due diligence engagements, buyer and seller acquisition assistance; risk assessment engagements

(Release dates subject to change)

Not-for-Profit

  • Knowledge Coach/Knowledge Tools: July 2014
  • Accounting Research Manager: May 2014
  • IntelliConnect: May 2014

Format Available

Tools:

  • Knowledge Coach/KnowledgeConnect
  • Accounting Research Manager
  • IntelliConnect

Guide:

  • Accounting Research Manager
  • IntelliConnect

Entities Covered

  • Not-for-profit organizations

(Release dates subject to change)

PCAOB

  • Knowledge Coach/Knowledge Tools: September 2014
  • Accounting Research Manager: August 2014
  • IntelliConnect: August 2014

Format Available

Tools:

  • Knowledge Coach/KnowledgeConnect
  • Accounting Research Manager
  • IntelliConnect

Guide:

  • Accounting Research Manager
  • IntelliConnect

Entities Covered

  • All SEC registered entities; interim financial reviews of public entities

(Release dates subject to change)

Real Estate

  • Knowledge Coach/Knowledge Tools: November 2014
  • Accounting Research Manager: August 2014
  • IntelliConnect: August 2014

Format Available

Tools:

  • Knowledge Coach/KnowledgeConnect
  • Accounting Research Manager
  • IntelliConnect

Guide:

  • Accounting Research Manager
  • IntelliConnect
  • Books

Entities Covered

  • All types of real estate entities including commercial, industrial, and residential entities that build, develop and manage their relative types of properties (rental income) and homebuilders; real estate development; leasing and sales; retail land sales; time- sharing; sales-leaseback transactions

(Release dates subject to change)

Single Audits

  • Knowledge Coach/Knowledge Tools: January 2015
  • Accounting Research Manager: March 2014
  • IntelliConnect: March 2014

Format Available

Tools:

  • Knowledge Coach/KnowledgeConnect
  • Accounting Research Manager
  • IntelliConnect

(Release dates subject to change)

US GAAP Financial Statement Disclosure Examples

  • Knowledge Coach/Knowledge Tools: May 2014

Format Available

Tools:

  • Knowledge Coach/KnowledgeConnect

(Release dates subject to change)

Make it a bundle!

Pick three Knowledge-Based Audit™ titles below and take advantage of special pricing. Contact your account representative for details.

Tools

Title information including workpapers, documents, etc, and available in:

  • Interactive format through our award-winning, revolutionary ProSystem fx® Knowledge Coach
  • Flat files, delivered as Microsoft® Word and Excel® files that are fully searchable, through Accounting Research Manager (ARM) — with seamless integration to Knowledge Coach
  • Flat files, Microsoft® Word and Excel® files that are fully searchable, through IntelliConnect (IC) — without integration to Knowledge Coach

Guides

Comprehensive interpretative guidance written by experts who are practicing CPAs, and available:

  • Online through ARM — with seamless integration to Knowledge Coach
  • Online through IC — without integration to Knowledge Coach
  • In print format as a book

Respective and applicable tools for Single Audits appear in the Not-for-Profit guide and the Governmental guide.

Tools and Guides sold separately.

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