Stay up to date with International Standards - or adapt to any standards context

New Zealand is the first country in the world to adopt a full suite of International Auditing Standards. This means that Audit Assistant fits very well into an International context.

  • Audit Assistant is based around the International Auditing Standards (ISA (NZ)),
  • Review Engagement Standards (RS-1 & RG-1), Assurance Standards (SAE 3100) and Compilation Standards (SES)
  • Content is updated by Audit Assistant on user feedback or as new standards come on stream
  • We have also utilised the expertise of Thomson Reuters by incorporating their Financial Disclosures Templates as an optional extra on "Standard" accounts and above incorporating NZIFRS are integrated into the work-file
  • Work-papers are linked to online copies of Standards
  • Checklists are are cross-referenced to the standards with on-line links via the NZ External Reporting Board (XRB) website

Updated Content

  • New content and/or features is added without the need to reinstall or update the software in any way
  • As new standards are released or updated, users are notified on the specific page that a new version is available and changes are highlighted
  • The user may preview, chose to adopt the new page version or maintain the current version
  • We are also continually adding new content based on feedback from users and submitted ideas
  • We encourage user input and see Audit Assistant as a collaborative project, where we supply the platform and basic content but users are encouraged to participate

Flexibility

  • Work-books are configured so that work flows through the requirements of the Standards in a logical, intuitive manner
  • Content is entirely flexible depending on the scale and complexity of the job
  • Custom templates have been created for specific types of jobs
  • Users may create their own templates or customise existing templates (training is provided on request)
  • Or we have "developer packages" available to create custom content based on the platform (which is being constantly improved as we adapt to new types of work)

Work-papers include

  • Comprehensive ISA (NZ) suitable for all large audits
  • Non-group entity ISA (NZ) suitable for smaller audits
  • Small entity suitable for the smaller non-profit audits (in beta at present)
  • Review Engagements in terms of RG-1 and RS-1
  • Compilation Engagements in terms of SES-2 (soon to be upgraded and released as its own product)
  • Real Estate Trust Account audits in terms of SEA 3100
  • PTE Trust Account audits in terms of SEA 3100
  • Compliance Assurance engagements in terms of SEA 3100
  • School audits (for firms contracted with the Office of the NZ Auditor General)
  • Insolvency (Liquidations) soon to be released as it's own product.
  • We will be adding other new types of jobs in due course