startCCH Audit Automation: BDE to SQL - Advanced Converter Consultancy (10091829)
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CCH Audit Automation: BDE to SQL - Advanced Converter Consultancy (10091829)

CCH Audit Automation
Last update: Reading time 2 minutes
SQL ServerData ConversionConsultancyCourse OutlinesBDE
    This single online session covers the new functionality of the SQL version and how best to apply to the requirements of the practice

    Overview

    This online single session covers the new functionality of the SQL version.

    Your consultant will discuss the below course contents ahead of your session.

    Key Objectives

    To review how the practice has been using the product to date to identify potential ways of increasing efficiency and making best use of quality controls. 

    Course Duration: This session will last up to 3 hours.

    Course Contents

    Checking, B/fwd and updating previously converted data

    • Checking integrity of the client data in SQL
    • Balancing forward to new year in SQL
    • Updating to latest Master pack in SQL

    New Functionality of SQL Version

    • Additional functionality courtesy of CCH Central
    • System level changes in CCH Audit
    • Client level changes in CCH Audit

    Reviewing how system is currently being used

    • Identifying potential efficiency increases and optimising use of quality controls

    Pre-requisites

    Attendees should adhere to the Training session Guidelines.

    All attendees should have a good understanding of the BDE version of CCH Audit and the existing audit procedures and policies of the practice.

    Part of the session will be a review of how the practice has been using the software to date:

    • Select a couple of clients, ideally in completion status, that we can use to review how the software is currently being used .
    • We will need to use one of your computers to 'share' its screen so we can review how the software is currently being used. The computer we use will need to be running both BDE and SQL versions of the CCH Audit software as well as CCH Central. 

    If also ordering the BDE to SQL Converter Consultancy course the gap between the two sessions should be at least one week.

    Who is this course designed for? 

    Representative(s) with Responsibility for the Running of the system - Part of the course is reviewing how the system is currently being run and identifying potential productivity gains so it is important that senior members of the audit team are involved with this 

    Representative(s) who will be using the SQL system on a day to day basis – All end users who will be involved in using the SQL system for audit work

    Although we should not require IT during this session it is essential they can be contacted in case they are needed. We may require access to your live system during the consultancy session and system admin rights in CCH Central to do this work.

    Related documents

    Inherent Risk Questions
    This document outlines the process for assessing inherent risk in clients through a systematic approach of questions. The system can store up to 99 risk areas, each containing 99 questions, which are assigned point scores for "Yes" and "No" answers. It details steps for editing, adding, and deleting risk areas and questions, including interface navigation and confirmation prompts. Additionally, it emphasizes that once numbers are assigned to risk areas or questions, they cannot be changed. The document serves as a guide for managing inherent risk assessments effectively.
    Audit Risks
    This document details the functionality of CCH Audit Automation for recording Identified Audit Risks, also referred to as Significant Business Risks. It provides instructions for users to add, edit, and manage risks, including features for maintaining risks for future audits, assessing their significance, and linking them to assertions. The system includes tools for risk assessment, audit response, and documenting conclusions. Other functionalities encompass risk summarization, printing options, and risk linkage across multiple sources, enhancing the audit process's efficiency and accountability.
    Default Specific Risk Questions
    CCH Audit Automation allows users to define specific risk questions for audit areas, although it's not mandatory. If no specific questions are set, default questions will be used. Users can edit the default questions through the "Specific risk questions" option in the Risk Model section. Up to 99 default questions can be defined, similar to inherent risk questions. The system utilizes a lookup table that combines specific and inherent risks for audits, with editing instructions provided in the manual.
    Risk/Sample Selection
    This document outlines the concept of audit risk, defined as the likelihood of undetected material errors during an audit. It introduces a risk model used in Audit Automation that requires total audit risk to remain below acceptable levels across various audit areas. The risks are broken down into inherent risk, control risk, and detection risk, with further subdivisions for detection risk. It emphasizes the importance of understanding these concepts to design effective audit procedures and assess risk at different levels. Additionally, it discusses general and control environments, and the calculation of residual risk, alongside a risk scoring system.
    Inherent Risks
    The document outlines the procedure for addressing inherent risk questions in an audit context. Users can access a dedicated window to view up to 99 risk areas, answer questions, and modify responses as necessary. The system prompts users to validate changes to ensure proper risk assessments. It includes functionalities for viewing prior comments, copying text, and overriding calculated risk levels, emphasizing that auditor judgment is crucial. Comments on overrides must be provided to rationalize any adjustments made. The document serves as a guide for navigating and utilizing the auditing software effectively.