
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
