ProSystem fx® Knowledge Tools

Keeping up with the latest industry-specific audit standards takes a lot of mental muscle — unless you have the right tools. If your audit process is testing your limits, then it’s time to arm yourself with ProSystem fx Knowledge Tools, an easy-to-follow Knowledge-Based Audit methodology for complying with AICPA Risk Assessment Standards.

A Knowledge-Based Audit combines the latest advances in technology with specialized audit methodology, which gives you the knowledge — and the power — to assess, collaborate and conclude your audits with confidence.

Flex your audit muscle with a knowledge-based audit methodology. Contact us today — we’ll get you there.

Knowledge is power. Power-up your firm today with ProSystem fx Knowledge Tools. Developed by CCH audit experts, Knowledge Tools combines technology with KBA audit methodology to give you an integrated set of procedures from pre-engagement through evaluating, concluding and reporting. It provides a strong framework that helps you manage industry-specific auditing standards and ensures that important information is not overlooked or hidden in the details of numerous checklists and forms.

The KBA methodology within Knowledge Tools provides an easy-to-use, tailored audit process that:

• Enhances communication between team members and allows for ongoing evaluation of procedures.
• Enables audit team members to view summaries of the risks and findings via the Communications Hub during each stage of an audit.
• Ensures consistency and standardization across all published documents.
• Incorporates all workflow features of ProSystem fx® Engagement, including binder sharing and synchronization, integrated audit programs, checklists, reports and more.
• Makes selected client e-mails accessible to everyone.
• Provides industry-specific audit guidance and workpaper tools with ProSystem fx® Knowledge Coach, the audit planning and workflow tool that helps you produce knowledge-based audits with ease.

Documents and Practice Aids to help you.

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

With all of this information at your fingertips, you’ll be able to make informed risk assessments using your own professional judgment and expertise.

Flex your audit muscle with a knowledge-based audit methodology. Contact us today — we’ll get you there.

Knowledge Tools integrates fully with Knowledge Coach and Engagement, which manages and streamlines the entire engagement process. Combined with other CCH products, Engagement is part of a total solution that simplifies your workflow in ways you never thought possible.

• ProSystem fx® Tax and Engagement work together to share financial data, which updates automatically when changes are made in either program.
• Using Knowledge Coach with Engagement assures guidance throughout your entire audit from planning to completion, driving dramatic improvements in efficiency, accuracy and compliance.
• Implementing Knowledge Tools streamlines workflow, signoffs, document sharing and workpaper management, while also allowing the import of workpapers and guidance from Knowledge Coach.
• Adding in Accounting Research Manager® and IntelliConnect® gives you quick and direct answers to your research questions right when you need them.
• Integrating ProSystem fx® Document lets you send files back and forth with Engagement.
• Setting up ProSystem fx® Portal allows you to share Engagement workpaper files with your clients from your website.

Additional Engagement features include supporting data imports from popular trial balance packages such as ProSystem fx ® Trial Balance, GoSystem® Audit and ATB and exports to popular tax packages such as Tax, GoSystem® Tax and Lacerte.

Flex your audit muscle with a knowledge-based audit methodology. Contact us today — we’ll get you there.

The ProSystem fx Knowledge Tools library of industry-specific titles strengthens your audit process and helps your firm gain a competitive advantage. For a complete, up-to-date list of available titles visit the Audit Titles page.

Flex your audit muscle with a knowledge-based audit methodology. Contact us today — we’ll get you there.

Learn how you can maximize the efficiency, accuracy and effectiveness of your audit engagements with new ProSystem fx Knowledge Coach and maximize your firm’s compliance productivity with ProSystem fx Knowledge Tools.

Demonstration Topics
A ProSystem fx Knowledge Coach expert will introduce you to the features and functionality of both the Knowledge Coach and Knowledge Tools in an interactive, 1 hour, live web demo that covers:

• An overview of the Knowledge-Based Audit methodology
• Planning the audit – answering tailoring questions and adding workpapers
• Adding risks and assigning program steps
• Dynamic information flow, drill-downs and tips
• Updating information on the fly – conducting the engagement
• Detailed diagnostics
• Accessing interpretive guidance and reference materials in Accounting Research Manager®
• Sign-offs and roll-forward

Benefits of Knowledge Coach and Knowledge Tools

• Dramatic increases in efficiency – Knowledge Coach streamlines the entire audit process from beginning to end
• Compliance with latest knowledge-based audit standards using CCH’s powerful Knowledge- Based Audit (KBA) methodology
• Reduction in the risk and cost of over-audits – Knowledge Coach ensures that all risks have assigned program steps, and all programs steps are tied to a risk
• Dramatic improvements in accuracy – Information flows throughout workpapers on the fly
• A comprehensive audit solution with integration between ProSystem fx Knowledge Tools, ProSystem fx Engagement and Accounting Research Manager.
• Total flexibility – Guidance, answers & professional judgment
• Transparency - Links, drill-downs and answer effects
• Lets auditors get back to the task of auditing

World-Class Customer Support

Discover why CCH is widely recognized for offering the best and most reliable customer support in the business.

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CCH offers onsite and online training for all levels of professional development, including courses that earn CPE credit. Whether you’re a novice or skilled user, our expert instructors, course content and learning tools offer the tips, tricks and solid explanations you need to transform your work processes.

Available training includes on-demand or online self-study options; Web-based and onsite training; and a variety of seminars and conferences, some at a location near you.

• Best Practices Consulting
• Using the Audit Titles
• Using the Compilations and Reviews Title

CCH Support is the best in the business — we’re always here when you need us. To keep your office up and running, we offer helpful tools, as well as a variety of ways to interact with CCH Support.

CCH Knowledge Base — In this online database of CCH software information, you’ll find step-by-step instructions, information on critical known issues and product documentation.

• Web ticket — Learn how to open a Web ticket online to submit your question directly to customer support.
• System requirements — Find out exactly what you need for CCH products to function properly in your office.
• Real-time chat — If you need a quick answer but don’t want to pick up the phone, live chatting via your Web browser is the way to go.
• CCH Support Center — Pick up your phone and call us to speak directly to a customer support representative.
• Remote support — Complicated problem? We can access your computer remotely and view your screen.

Get the most out of your CCH products — connect with us today.