Do you review your clients account for regulatory compliance or financial accuracy? Then, a strong auditing solution is a necessity. Auditing clients financial statements, ledgers and accounting practices is a time-consuming endeavour. Aside requiring an expert knowledge in audit, you need the right tools to be as efficient as possible; Clients are more happy with auditors that can provide assurance in the least time possible.
Investing in current technology that provides for automation and frequent updates will give you a competitive advantage, allowing you to produce better audits more quickly.
PML Advisory offers the external audit support services through its 2 in 1 specialised software package for Accountants and Auditors known as Auditmate.
Auditmate is a computer software package designed to assist auditors working with paper file and automated annual financial statement preparation starting from accepting an engagement to expressing an opinion on the engagement. Auditmate is specifically created to deliver the audit documentation as required by International Standard on Auditing (ISA’s). Accordingly, it ensures flexibility and user friendliness.
Other features of the software are:
Import trial balance from Pastel, QuickBooks and Excel
Client balances and journal entries automatically update lead schedules
Comprehensive audit programs, checklists and disclosure checklists
IFRS financial statements
New independent review template – Practical ‘Best practice’ with ISRE2400
Compliance with International Standards on Auditing (ISA’s)
Templates for group and subsidiary entities, single entity, small and medium size entity and review engagement
Annual financial statements and other documents
Regular updates as standards change
Multi-user on network or ‘split’ the file using ’Replication / Intergration’
Power point training presentations
Our strategic partnership with external audit over the years has contributed to the development of the software and our esteem clients speaks volume of this.