Audit Express improves both the

speed and quality of undertaking an audit engagement.

It updates you technically with local support.

an exclusive product of

Achieve more with our Audit Express - Professional Audit Module. This module is designed not only to help reduce costs and increase operational e�ciency, it also assists you to address the major elements of a good system of quality control as required by the quality control standards.

The system captures and analyses client �nancial data, transforming it into a ready platform so that you can concentrate on the ‘real audit’. It smartly links audit working papers to annual reports, and thereby improves both the speed and quality of undertaking an audit engagement. Our solution takes advantage of many Microsoft O�ce features, such as arithmetic calculations of Microsoft Excel and word processing of Microsoft Word.

This is the major application interface which guides you through the major processes in an audit engagement.

Audit Express - Professional Audit Module

Audit PlanningStart o� with a well-planned audit engagement. This module helps you to understand your client’s business and identify critical areas so you can set overall audit strategy way ahead.

Audit planning covers:Preliminary engagement activities, such as assessing client acceptance or retention, understanding the business, establishing the engagement terms including ascertaining time cost and audit fee, and reviewing client service; and

Setting overall audit strategy and develop audit plan, such as determining materiality level, assessing engage-ment risk, performing preliminary analytical review and documenting necessary audit steps. You can also assess the control risks in respect of your client’s major operation processes.

A set of standard planning documents, developed by our Technical Unit, are readily available in this module for audit planning purpose. Nevertheless, as they are not cast in stone, you can further customize them to suit your �rm’s preference.

The application of standard documentations enable you to establish consistency in the quality of engagement performance as required by the quality control standards.

This module also supports easy copy and paste functions where you can import the client’s trial balance into the system very quickly.

A set of standard sub-lead schedules in MS Excel and other working papers, such as cash count sheet, inven-tory count sheet, sighting of documents and question-naires are also available for use in the system.

To provide �exibility, you may even incorporate your �rm’s standard guidelines and worksheets into the system.

During the audit, you can also utilise the letter generat-ing centre to produce, amongst others, the bank con�r-mation letters, stock take observation reminder, debtor and creditor con�rmations, director con�rmations, cash certi�cates and etc. It is also easy to change the various standard letters at your end, as and when the need arises.

You can complete your audit engagement with added assurance. The system will guide you through with:

Summary of audit di�erences;Post-balance sheet review;Contingent liabilities and commitments;Audit completion report;FRS, PERS and MASB disclosure checklists;Notes to next year's engagement;Listed entities compliance checklist;Interim report requirements;Review of �nancial statements; andReview of statement of internal control.

Other value-added reports that can be automatically generated include but not limited to the list of audit adjustments, opening balance for next �nancial year, movement of accounts, analysis of major expenses and �nal trial balance.

Performing the AuditPerform the audit engagement more e�ectively and e�ciently, in compliance with the prevailing �nancial reporting and auditing requirements. With minimal input, viz. your client’s trial balance, the system helps maximize your output automatically with just a click of a button:

Audit programmes, covering assets, liabilities, equity & reserves, income statement and others, which set out the objectives and procedures which will ensure consistency and standardization of work performed.

Lead schedules of all Balance Sheet and Pro�t and Loss items, duly grouped and compiled;

Our one-step formatting and notes library ensure that you can compile the whole set of Annual Report in a shorter time and the �rst draft of the Annual Report is as good as the �nal.

Compiling the Annual Report At a mouse click, the system will generate �nancial statements (Balance sheet, income statement, statement of changes in equity, cash �ow statement & detailed pro�t and loss account), together with the relevant disclosure items. These �nancial statements can be further customized to your �rm’s format.

To further increase the operational e�ciency of audit engagement, Professional Audit module is enhanced by Client Management and Management Information System modules, collectively called the SERP (Service Enterprise Resource Planning). Together, they are able to create a synergy e�ect and achieve a good system of quality control e�ortlessly. These two modules mainly provide e�ective job assignments, work progress monitoring, sta� performance evaluation and fee collection control.

At AXP, our aim is to provide user friendly, customizable, and comprehensive software packages which accommo-date all of our clients’ needs. We believe our three modules will assist your audit practice to increase both the opera-tional e�ectiveness and e�ciency of audit assignments.

So, act now to unlock the true value of an integrated auditing software. To arrange a demonstration, kindly contact us today.

Other Modules - SERP

It is easy to learn and use and once we got more familiar with the software, the time taken to complete an audit has shortened and the quality of work has increased signi�cantly.

Ms Janet Wong(Audit Manager of Adrian Yeo & Co.)

Client’s Testimonial

Mr Chin Chee Seng(Partner of CCS & Co.)

Audit Express always provides up-to-date information relating to the changes in Financial Reporting Standards to us. The team would highlight the important accounting issues to draw our attention so that we would not oversee the changes.

Mr M. Viruthasalam(Partner of Viru, Goona & Associates)

Over the years we tried out a couple of audit software before being introduced to Audit Express. From our experience, Audit Express is one of the best audit software in the market at the moment.

The most important bene�t we get from using this software is updated audit programmes in compliance with the latest pronouncements on auditing standards. And of course, it goes without saying, our statutory audit engagements can be performed e�ciently and cost-e�ective. (Sta� force reduced by 25% despite an increase in audit engagements). Sta�s require minimal training and most of the processes in this audit software are logic based with a natural �ow.

Mr Anthony Ng(Partner of C.F. Ng & Co.)

Singapore O�ce

Blk 5000, Ang Mo Kio Ave 5, #03-09, Techplace II, Singapore 569870

t: +65.6876.7297f: +65.6853.1965

Hong Kong O�ce

Suites 1201-4, 12/F, Tower 2,The Gateway, 25-27 Canton Road,

Tsim Sha Tsui, Kowloon, Hong Kong

t: +852.2133.9127f: 800.905.397

Johor Bahru83A, Jln Emas 1, Tmn Sri Skudai,

81300 Johor Bahru, Johor, Malaysia

t: +607.557.5722 f: +607.557.7697

CyberjayaA-3-03 & A-3-05,

SME Technopreneur Centre 2Cyberjaya, 2260, Jln Usahawan 1,

63000 Cyberjaya, Selangor, Malaysia

t: +603.8318.8297 f: +603.8318.9297

Malaysia O�ces

Malaysia National Freephone: 1300 882 297

email: marketing@myaxp.com

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AXP Solutions Sdn Bhd is proud to be the winner of these awards:

Celebrating Malaysia’sEnterprising Spirit

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