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Accounting Research Manager® Knowledge-Based Audits™ modules utilize Knowledge-Based Auditing methodology to perform more effective and efficient financial statement audits of nonpublic businesses, governmental entities and other organizations.
These online financial database solutions focus on a comprehensive set of industries to help you mitigate risk and achieve more effective GAAS compliance for specific industries. They help ensure the accuracy of your audits, improve efficiency and streamline your workflow.
Knowledge-Based Auditing provides the resources of the most comprehensive online financial reporting database — Accounting Research Manager (ARM) — plus the industry-specific guidance you need to perform accurate and efficient financial audits.
Our Knowledge-Based Auditing modules for specific industries include:
- Knowledge-Based Audits of Construction Companies and Contractors – the KBA methodology helps you efficiently and effectively perform financial statement audits of nonpublic construction entities in accordance with auditing standards generally accepted in the U.S. (GAAS). This risk-based methodology emphasizes using knowledge of the construction entity to make the risk assessments in connection with a financial statement audit, assuring you that the procedures performed in response to the risk assessments will detect material misstatements.
- Knowledge-Based Audits of Employee Benefit Plans – this comprehensive solution helps you efficiently and effectively perform financial statement audits of employee benefit plans. Utilizing CCH’s exclusive KBA methodology, you’ll be able to identify and assess the risk of material misstatement. More than 175 risk assessment forms and practice aids help guide you through the audit process.
- Knowledge-Based Audits of Financial Institutions – this unique solution helps you perform audits of financial institutions efficiently and effectively in complete compliance with GAAS. The KBA methodology helps you identify and assess the risks of material misstatement and perform audit procedures that are responsive to these risks. Nearly 200 resource documents, audit programs, forms and other practice aids are included in the KBA methodology.
- Knowledge-Based Audits of Governmental Entities – this valuable resource helps you effectively reduce risks and comply with GAAS and, GAGAS, when applicable, when performing financial statement audits of state and local governments. The CCH-developed KBA methodology helps you identify and assess the risks of material misstatement. Over 175 risk assessment forms and practice aids help you gain knowledge of the entity and guide you through the audit.
- Knowledge-Based Audits of Health Care Entities – the effective and comprehensive solution for helping your health care clients avoid costly risks. Knowledge-Based Audits of Health Care Entities gives you the in-depth, focused information you need to help you effectively perform audits in accordance with GAAS. Because this module utilizes the KBA methodology, you’ll have the assurance that important information about the health care organization is not overlooked.
- Knowledge-Based Audits of Not-for-Profit Entities – this solution helps you mitigate risk efficiently and effectively in audits for not-for-profit clients. Utilizing CCH’s exclusive KBA methodology, you’ll be able to identify and assess the risks of material misstatement and conduct a more effective audit for not-for-profit organizations. Hundreds of risk assessment forms and practice aids help guide you through the audit process.
- Knowledge-Based Audits of Real Estate Entities – a comprehensive audit and compliance solution that helps you mitigate risk efficiently and effectively in audits for real estate clients. With CCH exclusive KBA methodology, you’ll be better able to identify and assess the risk of material misstatement and conduct more effective audits. Hundreds of risk assessment forms and practice aids guide you through the audit process.
- Knowledge-Based Single Audits – perform effective single audits and mitigate risk for clients who accept federal funding. Any non-federal entity that receives over $500,000 annually in federal awards must submit to a single audit, including state and local governments, tribal agencies and not-for-profit organizations. Practice aids, sample auditors’ reports, risk assessment forms, and more will help you identify and assess the risks of material misstatement for these clients.
The modules are available for any ARM Audit Library.
Formats available/Update frequency
- Accounting Research Manager
- Updated daily
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