ISAE Attestation is auditing software that allows auditors to gather appropriate evidence for the compliance reporting requirements of the Legal Practice Council and the Estate Agency Affairs Board. Powered by CaseWare Cloud, ISAE Attestation is always available from any location, on any device, at any time, and is licensed on a per-engagement basis, which means you can buy what you need when you need it and top up at any time.
ISAE Attestation Assisting Auditing Practitioners
ISAE Attestation assists practitioners in performing engagements based on ISAE 3000 assurance engagements, other than audits or reviews of historical, financial information. It contains a built-in methodology based on ISAE 3000 and specific compliance requirements of the Estate Agency Affairs Board and Legal Practice Council.
ISAE Attestation is designed to incorporate the four major elements of an attestation engagement into one seamless process:
- Accepting
- Planning
- Performing
- Reporting.
The ISAE Attestation Accepting Phase
This assists with understanding the company’s policies for attestation engagements as well as performing acceptance or continuance procedures. With advanced optimisations, ISAE Attestation, utilises checklists, questionnaires, queries, and work programmes that intelligently expand or collapse according to the engagement.
The Planning Phase
This enables practitioners to gain an understanding of the entity’s business, assess materiality, perform a risk assessment and plan the overall strategy for the engagement. By utilising queries, ISAE Attestation, allows practitioners to communicate and collaborate directly with clients within the app whilst providing transparent visibility to partners at all times.
The Performing Phase
This phase allows practitioners to perform procedures on the service activities relevant to the engagement. Prebuilt work programmes set forth the procedures necessary to complete an efficient and effective engagement. The procedures consist of a detailed plan of the work that must be performed, encourages a thorough understanding of the service activity, and includes the steps required to achieve the reasonable, assurance, engagement objectives. With engagement management built-in, the progress of every engagement and statuses of all engagements across the firm can easily be tracked and monitored.
The Reporting Phase
And finally, the Reporting phase assists in discussing significant judgments with management, preparing the reasonable assurance report, ensuring the report is appropriately worded, completing and locking down the engagement. With built-in roll forward technology, efficiency can be significantly increased, by leveraging extensive, built-in logic to roll forward selected information related to the client into next year’s engagement.
This product is empowering auditors with streamlined attorney trust and estate agent trust account assurance engagements. Find out more about ISAE Attestation here.
