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, please see below.
The CCH® 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 CCH ProSystem fx Knowledge Coach from within CCH® ProSystem fx® Engagement. The technology and content come together in a step-by-step process that facilitates an auditor’s thinking as he or she works through an audit. Each KBA Title is complemented by a full industry-specific KBA Guide on CCH® 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.
As a provider of Quality Control Materials (QCM), Wolters Kluwer has voluntarily enrolled their Knowledge-Based Audit (KBA) products in the AICPA’s peer review program where appropriate by undergoing a Quality Control Materials (QCM) review. Wolters Kluwer’s QCM reviews are administered by the National Peer Review Committee and are performed in accordance with the AICPA Standards for Performing and Reporting on Peer Reviews. Wolters Kluwer’s QCM reviews are performed on a rolling basis as the same quality control system is used for each KBA Title. Some KBA Titles are excluded from the AICPA’s peer review program by the parameters of the program (for example, Knowledge-Based Audits of Public Entities are not within the scope of the AICPA peer review program as this title is conducted in accordance with PCAOB auditing standards. The PCAOB does not perform quality control materials reviews). The excluded KBA Titles are produced using the same quality control system as those that continue to pass QCM review.
Below are the most current QCM review reports for each title enrolled in the program.
Preparations, Compilations & Reviews Title, Updated for SSARS 21
NEW! Dealerships TitleCreate value and opportunity for your dealership clients with the guidance of a tailored audit approach, just for the dealership industry.
Other Audit Titles
AutoCheck: Automated Disclosures ChecklistSimplify 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 or CCH ProSystem fx Knowledge Coach.
GAAP Financial Statement Disclosure Examples
Seamless integration with CCH ProSystem fx Engagement makes this a valuable resource for working with financial statements. A comprehensive and varied library of footnotes, 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.
As your engagement team’s main hub, CCH ProSystem fx Engagement can be used to import raw client data, prepare adjustments, create financial statements and export completed data to tax returns.
Take control of your audit process with this award-winning planning tool, workpaper generator, audit workflow management application and risk overseer all rolled into one.