Auditing &amp; Assurance

Audit planning memo: scope, materiality, and timeline

Drafts an audit planning memo with scope, key risks, materiality, and a fieldwork timeline. Built for audit seniors/managers who need a review-ready planning document quickly.

Lead schedule builder with rollforward and tickmark legend

Builds a lead schedule template for a balance sheet account with rollforward, tie-outs, and tickmark legend. Useful for seniors preparing organized audit support.

Audit finding memo: condition, criteria, cause, effect, recommendation

Drafts a clear audit finding memo using the 5C format and proposes remediation. Useful for internal audit and external audit communications.

Preliminary analytics: identify unusual trends and inquiry questions

Performs preliminary analytical procedures and produces targeted inquiry questions for management. Great for planning meetings and focusing testing on unusual movements.

Engagement acceptance/continuance checklist (audit)

Creates an engagement acceptance/continuance checklist covering independence, integrity, competence, and client risk. Useful for firm quality management and partner review.

SOX control narrative and walkthrough script for a process

Builds a control narrative and walkthrough interview script for a specified process (e.g., revenue, AP). Ideal for SOX teams documenting processes and testing design effectiveness.

Test of controls plan with sampling and evidence requirements

Creates a practical test plan for controls including sampling approach, attributes, and evidence needed. Useful for audit/SOX teams to standardize control testing.

Compilation engagement: client representation and disclosure decisions

Drafts a compilation checklist including client representations, disclosure elections, and report drafting guidance. Useful for small-firm compilation engagements.

ITGC scoping and testing checklist (access/change/ops)

Generates an ITGC scoping approach and detailed testing checklist for access management, change management, and IT operations. Helpful for integrated audits and SOX compliance.

Substantive test program for revenue cycle (tailored)

Builds a tailored substantive program for revenue including detailed tests, analytics, and sample selection criteria. Useful for audit seniors preparing work programs.

Inventory observation plan and count instruction checklist

Creates an inventory observation plan, count instructions, and an exception log template. Useful for audits with physical inventory counts and multi-location logistics.

AR confirmations: selection, wording, and exception follow-up

Generates an AR confirmation plan including positive/negative confirmations, sample selection, and follow-up workflow. Helpful for teams standardizing confirmations and tracking responses.

Substantive analytics design: expectation, threshold, and evaluation

Designs a substantive analytical procedure with a defensible expectation model, threshold, and evaluation steps. Useful for higher-risk audits needing strong analytics documentation.

Covenant compliance test and waiver evidence checklist

Calculates covenant metrics, flags breaches, and drafts an evidence checklist for waivers/amendments. Helpful for both audit teams and finance teams under tight deadlines.

Subsequent events scan plan: sources, questions, and documentation

Creates a subsequent events search plan and documentation template. Useful for audits and reviews to ensure consistent coverage of post-period developments.

Fraud brainstorming guide with tailored fraud risks and responses

Creates a fraud brainstorming agenda and documents likely fraud schemes and responses tailored to the client’s facts. Useful for audit teams meeting documentation requirements efficiently.

Journal entry testing plan (management override) with selection rules

Designs a journal entry testing approach including selection criteria, data fields, and evaluation of exceptions. Useful for audits requiring robust management override procedures.

M&A Due Diligence: IT & Cybersecurity

Assesses the technical risks that could derail a transaction.

Review engagement analytical procedures and inquiry program

Builds a review engagement program focusing on analytics and inquiries, with documentation templates. Ideal for practitioners performing SSARS/ISRE-style reviews.

Review report drafting: emphasis-of-matter and modification logic

Helps decide whether and how to modify a review report and drafts report language for common scenarios. Useful for managers handling reporting under time pressure.

PBC request list generator by cycle with owner assignment

Generates a detailed Provided-By-Client (PBC) list by cycle with owners, due dates, and purpose of each item. Useful for reducing delays and improving client coordination.

Anti-Corruption Due Diligence: Third-Party Vendors

A questionnaire to vet international vendors for bribery risks.

Audit Confirmation Letter Template

Drafts a standard positive confirmation request for AR, AP, or bank balances.

Fraud Brainstorming Session Facilitator

Generates 'Fraud Triangle' scenarios specific to the client's industry and management structure.

Claude 3.5 SonnetGPT-4o

Going Concern Assessment Checklist

Evaluates indicators of financial distress and management's mitigation plans under PCAOB/AICPA standards.

Subsequent Events Testing Program

Tests for events occurring between the balance sheet date and report issuance.

Evaluating Specialist Work (AU-C 620)

Reviews the competence and findings of an actuary, appraiser, or other specialist.

Claude 3.5 Sonnet

Sample Size Calculator (Attribute Sampling)

Calculates sample sizes for controls testing based on confidence levels and expected deviation rates.

Management Representation Letter Draft

Drafts the final letter from management to the auditor confirming the accuracy of the financials.

Audit Memo: Testing Inventory Observation

Documents the results of a physical inventory count and reconciles it to the ledger.

IT General Controls (ITGC) Review Guide

Assesses logical access, change management, and data center operations.

Audit Fee Proposal & Scope

Drafts a professional fee estimate and engagement scope for a prospective client.

Remote Audit Evidence Request List

Generates a 'Provided by Client' (PBC) list tailored for a virtual audit environment.

Audit Committee Presentation Slide Deck Outline

Organizes key audit findings for presentation to the Board of Directors/Audit Committee.

EBP Audit (401k) Risk Factors

Identifies unique risks for Employee Benefit Plan audits.

Sales Tax Exemption Certificate Audit

Reviews the validity of client-provided exemption certificates to mitigate audit risk.

Exit Readiness Assessment

Scores a company on its preparedness for a sale or IPO.

Uniform Guidance (Single Audit) Compliance Memo

Assesses compliance for entities receiving federal grant awards over $750,000.

Technical Research Memo Template (Master)

A universal template for documenting any complex accounting conclusion.

Manufacturing: Bill of Materials (BOM) Audit

Checks the accuracy of the components and costs listed in the production recipe.

Audit Kick-off Meeting Agenda

Ensures the audit starts on the right foot by aligning expectations and deadlines.

Junior Staff Training: Documenting Workpapers

A 'How-To' guide for new hires on the 'Tick, Tie, and Trace' methodology.

ChatGPT-4oClaude Sonnet 4.5

Internal Controls Walkthrough Documentation

Creates structured walkthrough documentation for an internal control following the COSO framework.

Risk assessment worksheet: assertions mapped to FS line items

Creates a risk assessment matrix mapping FS line items to assertions, risks, and planned procedures. Useful for standardizing planning and ensuring completeness across cycles.

Fraud red flags triage: prioritize investigations and evidence

Helps triage observed red flags by severity and suggests investigative steps and evidence sources. Useful for internal audit and forensic accounting intake.

Control deficiency evaluation: severity and remediation plan

Evaluates control deficiencies (design/operating) and drafts severity assessment, root cause, and remediation actions. Useful for auditors, SOX owners, and internal audit.

Workpaper indexing and cross-reference map for an audit file

Creates a workpaper index, naming convention, and cross-reference map that ties procedures to conclusions. Useful for audit teams improving review efficiency and consistency.

Going concern assessment: liquidity runway and disclosure draft

Assesses going concern using liquidity forecasts, covenant status, and mitigating plans, then drafts disclosure language. Useful for auditors and controllers preparing year-end evaluations.

Inherent Risk Assessment by Assertion

Identifies inherent risks at the assertion level (Existence, Completeness, etc.) for specific accounts.

Claude 3.5 SonnetGPT-4o

Materiality & Risk Assessment Planner

Assists auditors in calculating preliminary materiality and performance materiality. Uses financial benchmarks to suggest focus areas for the audit plan.