Audit methodology
When you want high-quality audits, preparations, compilations or reviews that comply with AICPA risk assessment standards, it’s time to equip yourself with Knowledge-Based titles. To help firms meet the demands of the latest standards, Wolters Kluwer developed an effective process that combines the latest advances in technology with a specialized methodology. The Knowledge-Based methodology was developed from the ground up to ensure the best possible approach to implementing AICPA risk-based standards.
Each title in our Knowledge-Based framework includes the latest requirements for audits, preparations, compilations and reviews for specific types of companies or organizations. Knowledge-Based titles assist you in performing your work by providing relevant and up-to-date expert guidance, risk assessment tools and comprehensive practice aids.
Additionally, you can download the Titles Release Schedule.
Commercial Entities* |
Common Interest Realty Association* |
Construction Contractors* |
Dealership* |
Employee Benefit Plans |
Examinations of Service Organizations (SOC) |
Financial Institutions |
Government Entities |
Healthcare Entities |
HUD-Multifamily Housing |
International Entities |
Examinations and Agreed Upon Procedures |
Not-for-Profit Entities* |
Public Entities (PCAOB) |
Real Estate Entities* |
Single Audits |
*Indicates a separate title available for preparations, compilations and reviews.
Produce high-quality audits, preparations, compilations and reviews — compliant with AICPA risk assessment standards — using:
- Knowledge-Based documents that contain steps and procedures required by Generally Accepted Auditing Standards (GAAS)
- Program documents that guide you through related steps and procedures
- Practice aids that help you complete steps or processes outlined in other documents
- Correspondence document templates that include engagement letters and confirmation requests
- Auditor’s Report documents and templates for a variety of sample auditor’s opinions on audited financial statements
Titles for CCH AnswerConnect
Knowledge-Based titles utilize Wolters Kluwer's Knowledge-Based methodology, which helps you perform more effective and efficient financial statement work. Each one is written for a specific industry to help you mitigate risk and achieve more effective GAAS compliance for that type of business. With the information in a Knowledge-Based title, you can ensure the accuracy of your work, improve efficiency and streamline your workflow. These titles are available as Add-On Modules, provided as Microsoft® Word and Excel® documents, making them searchable along with all the other content available to you.
To view available titles, download the Titles Release Schedule.
Titles for CCH® ProSystem fx® Knowledge Coach and CCH Axcess™ Knowledge Coach
CCH ProSystem fx and CCH Axcess Knowledge-Based titles utilize the same expert content as the CCH AnswerConnect modules. All 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 methodology framework helps you manage AICPA standards and ensures that important information is not overlooked or hidden in the details of numerous checklists and forms.
These titles provide the content that fuels the interactive processes used in both CCH Prosystem fx Knowledge Coach and CCH Axcess Knowledge Coach. The technology and content come together in a step-by-step process that facilitates the auditor's or accountant's thinking as he or she performs an audit, preparation, compilation or review. Each title is complemented by a full industry-specific guide on CCH AnswerConnect that features interpretive material to help you get the most out of the workpapers every step of the way, and with a direct link from within the application.
Quality Control Materials (QCM) Review and Examination
To confirm the technical accuracy and quality control of our materials, Wolters Kluwer voluntarily submits to a QCM Review or QCM Examination of our publishing system and our publications. A QCM Review or Examination is essentially a peer review of quality control materials.
Our publications are reviewed every step of the way — from concept development to production—to ensure that we bring you the finest guides and workpapers on the market. In addition to the QCM Review or QCM Examination, our publications are updated annually and undergo strict technical and content reviews by qualified practitioners. This ensures that our products and practice aids are compliant with the most current standards and have “real-world” applicability.
Below are the most current QCM reports for each title enrolled in the program.
Content:
Software:
Please click the report name, and complete the form, to access the report.