ADAT is a one stop solution for:
A secured digitisation of the audit file with ease of use
An audit file which is scalable to the size and complexities of the audit engagement
An audit file which is compliant with the risk and control-based audit approach as required under the Standards of Auditing
Documenting the audit work electronically in a secured cloud-based technology platform
Some of the salient features of the ADAT which will help the audit firms to document their audit work securely ensuring compliance with standards of auditing as set by Regulators and to meet their expectations for monitoring and inspection:
Robust audit firm, audit engagement and team onboarding
Secure environment to the clients of the audit firm to share their information with the audit firm
Audit file can be accessed only by the Authorised Personnel ensuring integrity of audit file
Joint audit related discussion templates
Consolidation related templates
Detailed questionnaire for Understanding the Entity, Management, TCWG, Account Balances and so on
Exhaustive library of risks, controls, procedures (including Information Technology elements)
Fraud risk questionnaire and assessments
Focused Related Party and Going Concern risk assessment
Checklist on Accounting Standard - disclosures, Standards on Auditing, CARO, Companies Act and many more
Trial Balance import feature with mapping to Schedule III line items and creation of the testing sheets for account balances
Engagement quality control review (EQCR) related templates
Tracking Workpaper changes post audit report date till Archival
Archival of audit file - ensure the integrity of the Audit File and prevent any tampering thereof
Permanent audit file checklist
Dashboards to partners and managers on the status of their respective audit engagements
And many more