Axp, myaxp, AXP Solutions, Inspiring Your Business Growth, audit 4, audit express, XBRL, X2, annual report compiler, serp, audit, eMatch, eRegister. This workshop is catered for ACCA students who are currently learning the F8 – Auditing paper. It teaches the students on how to use the AXP Audit Express, an audit software which was developed locally in Malaysia.
This module is designed not only to help reduce costs and increase operational efficiency, it also assists you to address the major elements of a good system of quality control as required by the quality control standards. The system captures and analyses client financial data, transforming it into a ready platform so that you can concen- trate on the ‘real audit’.
It smartly links audit working papers to annual reports, and thereby im proves both the speed and quality of undertaking an audit engagement. Our solution takes advantage of many M icrosoft Office featur es, such as arithmetic calculations of Microsoft Excel and word processing of Microsoft Word. Start off with a well-planned audit engagement.
This module helps you to understand your client’s business and identify critical areas so you can set overall audit strategy way ahead. Audit planning covers:- Preliminary engagement activities, such as assessing client acceptance or retention, understanding the business, establishing the engagement terms including ascertaining time cost and audit fee, and reviewing client service; and Setting overall audit strategy and develop audit plan, such as determining materiality level, assessing engagement risk, performing preliminary analytical review and docu- menting necessary audit steps. Y ou can also assess the control risks in respect of your client’s major operation processes. Perform the audit engagement more effectively and efficiently, in compliance with the prevailing financial report- ing and auditing requirements. With minimal input, viz. Your client’s trial balance, the system helps maximize your output automatically with just a click of a button: Audit programmes, covering assets, liabilities, equity & reserves, income statement and others, which set out the objectives and procedures which will ensure consistency and standardization of work performed.
Lead schedules of all Balance Sheet and Profit and Loss items, duly grouped and compiled; A set of standard sub-lead schedules in MS Excel and other working papers, such as cash count sheet, inventory count sheet, sighting of documents and questionnaires are also available for use in the system. To provide flexibility, you may even incorporate your firm’s standard guidelines and worksheets into the system. During the audit, you can also utilise the letter generating centre to produce, amongst others, the bank confirmation letters, stock take observation reminder, debtor and creditor confirmations, director confirmations, cash certificates and etc. It is also easy to change the various standard letters at your end, as and when the need arises. You can complete your audit engagement with added assur- ance. The system will guide you thr ough with: Summary of audit differences; Post-balance sheet review; Contingent liabilities and commitments; Audit completion report; FRS, PERS and MASB disclosure checklists; Notes to next year's engagement; Listed entities compliance checklist; Interim report requirements; Review of financial statements; and Review of statement of internal control.
Other value-added reports that can be automatically gener- ated include but not limited to the list of audit adjustments, opening balance for next financial year, movement of accounts, analysis of major expenses and final trial balance.
. 18 May 2018 We are very happy to inform you that the IFS Product Fraud Guideline is now available in English. Further languages will follow soon. 25 April 2018 We are very happy to inform you that the IFS Global Markets HPC is now available in English. Further languages will follow soon. 22 December 2017 We are very happy to inform you that the 1.1version of the IFS PACsecure Standard is now available in English.
Further languages will follow soon. 05 December 2017 New IFS Logistics version now available in English. Further languages will follow soon.
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