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Thomson Releases Single Audit Suite

thomsonThomson Reuters has expanded its Single Audit Suite, part of PPC's Smart Practice Aid line. The product, which works with the company's CheckPoint Tools, including PPC's Practice Aids for Single Audits, Audits of Nonprofit Organizations, Audits of Local Governments, Audits of School Districts, and Housing and Urban Development Audits.

"Auditors can now plan the engagement, complete compliance audit programs and add, complete, and manage any other work necessary to document their audit procedures—all without leaving the SMART Practice Aids application." says Stephen Lindsey of the company's Tax & Accounting business.

The ability to plan single audit engagements all through the process includes preparation and electronic signoff for practice aids, federal award audit programs, and compliance audit programs. The suite also featurs related Checkpoint Tools documents, such as the Federal Programs, Risk of Material Noncompliance Assessment Worksheet, Inherent Risk of Noncompliance Assessment Form and Compliance Testing Worksheet.

The suite support links to subscribed Checkpoint guides and standards. Users can also roll forward relevant information on planning forms, federal award audit programs, and award tracking.

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