InPractice Audit Manual: The Cost-Effective Method

 Upgraded for International Auditing Standards 

  Designed to cut 40% of audit-work time

 • Unnecessary extras excluded = Less time spent
 • User-friendly program layout = Less staff supervision
 • Complies with Int'l Auditing Standards = Peace of mind
 • Justification to exclude sampling = 2 work day's free
 • Each program/test shows
      company name, preparer's initials, year-end date
 • Ready-made conclusions to sign-off
 • Disclosure checklist is 3 pages (not two dozen pages)
 • Time Budget on-screen to enter estimated hours & rates
 • Ready-made frames for audit tests
 • Excludes duplication of audit work

Extract from a letter by a London 3-partner ICAEW audit firm to the Joint Monitoring Unit. They wanted an audit file review from InPractice and we saw this letter; permission has been obtained to quote the below extract:
“... We decided to change from the Merxxx audit pack to a more concise audit pack produced by InPractice Software.  The decision to change was based on the over bureaucratic nature of Merxxx audit system. We felt the constant to-ing and fro-ing results in the sign-off sections being left with too many opportunities to avoid or miss necessary procedures. In addition, the (Merxxx) pack was over voluminous. There developed a tendency in the audit team to rely on described procedures rather than on their own thought processes. For this reason we chose a more concise pack (InPractice) which has very straight forward sign-off procedures and is clearer as to what has or hasn’t been done. ..."
- Windor, U.K. (Name and address provided)

      DECISION TO BUY
      Q: Can I afford to invest in this tool-of-the-trade?
      Q: How much is the cost when divided over the number of my audit clients?
      Q: Is the value of my time saved worth more than the cost?
      Q: Should I move to a more efficient audit manual?

 
Hundreds of satisfied users in UK and 28 other countries:

UK Ireland Malta Cyprus Lithuania
Slovakia Bulgaria
Kenya Mauritius Zambia Sth. Africa Nigeria
Ghana Gambia Botswana Swaziland Tanzania
Uganda        
Dubai, UAE  Saudi Arabia Malaysia Singapore Thailand
Trinidad & Tobago St Vincent & The Grenadines     Antigua & Barbuda
Papua New Guinea Grenada Bahamas

Updated annually. 2008 version has a start date as any Day any Month in 2007 or 2008 and the ending date any Day any Month in 2008. All screens and prints will show the accounts period ending in 2008. For accounts periods ending in 2009, you order the 2009 version when you require it; it will be upgraded for the latest regulations, best practice and also new shortcuts that we develop.

(Financial statements are prepared from a separate software - InPractice ETB Accounts.
First the financial statements are prepared, then they are audited by using "InPractice Audit Manual: The Cost-Effective Method".)

   
Supplied as a link on email for instantaneous download over the Internet
   Windows 95, 98, ME, 2000, XP, 2003or higher
   Minimum Requirements: Excel 2000, XP, 2003 or higher

   Request a Demo presentation                                      

    RELATED PRODUCTS
   InPractice Audit Exempt Manual
   Audit File Review: Hot Review, Cold Review

 

Main Features

• All-in-one package

• One license for unlimited number of users/computers in user firm

• Speedy planning

• Ready-made conclusions to sign-off

• Coherent work-flow for speedier completion

• Frames for audit tests

• Checklist to justify excluding transaction sampling tests

• Condensed disclosure checklist 3 pages

• Client name, year-end date, preparer's name appear on all worksheets

• Time budget can be edited in seconds

• Device to exclude over-auditing

• Prompts to exclude under-auditing

• Entry password

• Install in one minute
• One license for unlimited number of users/computers in user firm

• Speedy planning

• Ready-made conclusions to sign-off

• Coherent work-flow for speedier completion

• Frames for audit tests





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