Analytical review software - new risk standards
Posted in the Financial Services Forum
#1 Jan 25, 2008
Issued by the company:
The new standards are intended to enhance the overall quality and effectiveness of audits. ProfitCents Analytical Procedures provides a solution for CPA firms by automating and standardizing analytical review performed during the audit to comply with the new requirements.“As new risk assessment standards become effective, we look forward to continue to develop new technologies that enable accountants to work seamlessly and efficiently” says Brian Hamilton, Chief Executive Officer of Sageworks, Inc ( www.sageworksinc.com ).
ProfitCents Analytical Procedures is a software application that enhances traditional trial balance software used by auditors. Unique features include the capability to identify fraud risks, calculate statistical trends, develop expectations and perform private company industry comparisons. CPAs also use the ProfitCents Analytical Procedures to enhance their client communication and service by generating narrative financial management reports.
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