Q. What is Wiley Advantage Audit powered by AuditFile?
A.The new Wiley Advantage Audit powered by AuditFileallows auditors of non-public companies to become more efficient by eliminating the confusion and redundancy of other practice aids and intelligently automating the entire process. Each of the audit guides included in the software is customized for a particular industry, and our audit guidance is designed to maximize audit efficiency best practices.
The Wiley Advantage Audit guides are easy-to-use, risk-based audit program and planning documents, which help auditors comply with risk-based professional standards in a straightforward manner to make their low-complexity audits easier and more profitable.
These quality control materials are designed for ?low complexity? engagements: those that are generally smaller in size, have one operating location, less complex accounting, smaller internal accounting departments, and no multi-national operations. These materials are generally intended for use by smaller firms ? however, firms of all sizes can use these materials, if adequate firm controls exist to limit use to the appropriate engagements.
The intended users of Advantage Audit Quality Control Materials are professionals with substantial accounting and specific industry experience and knowledge. These materials are not intended as teaching or learning tools for the user. Professionals are reminded to tailor the materials as appropriate and use professional judgment in its application based on facts and circumstances.
Q. When is Wiley Advantage Audit powered by AuditFile updated?
A.The 2017 Wiley Advantage Audit guides were added to AuditFile in October 2016 to cover all audits for tax year 2016. The 2017 guides are updated for all pronouncements through December 31, 2016.
Subsequent Wiley Advantage Audit annual guides will be published at similar times in future years, and will be updated for all pronouncements through the end of those years.
Q. Who should use Wiley Advantage Audit powered by AuditFile?
A. Professional public auditors, with substantial accounting experience of a particular industry and detailed professional knowledge, to aid in audits of smaller, non-public companies.
Each Wiley Advantage Audit guide within the software focuses on a particular industry, allowing auditors to spend time on their audits rather than navigating their paperwork.
Q. How can I get Wiley Advantage Audit powered by AuditFile?
A.Any auditor can purchase Wiley Advantage Audit powered by AuditFile here, and start using it immediately.
Q. What is the price for Wiley Advantage Audit powered by AuditFile?
A. With an annual contract, Wiley Advantage Audit powered by AuditFile is $149 per month (includes first user) and $79 per each additional user per month.
Q. What does my computer need to run Wiley Advantage Audit powered by AuditFile?
A.Wiley Advantage Audit powered by AuditFile is cloud based so you can use it any time, anywhere, from any connected device. You never have to worry about installing software, setting up servers, or using a remote log-in program.
Q. How can I try Wiley Advantage Audit powered by AuditFile to be sure it?s right for my firm?
A.You can sign up for a free trial of Wiley Advantage Audit powered by AuditFile. Try it free for 14 days—change or cancel at any time.