ProSystem
ProSystem is an audit software designed for accounting firms to manage audits and tax work. It features tools for planning, performing, reviewing, and closing out audit engagements along with analytics and reporting.
audit
tax
analytics
reporting
ProSystem: Audit Management Software
ProSystem is an audit software designed for accounting firms to manage audits and tax work. It features tools for planning, performing, reviewing, and closing out audit engagements along with analytics and reporting.
What is ProSystem?
ProSystem is a complete audit software solution designed specifically for accounting firms. It provides powerful tools to help manage all aspects of the audit process, from planning and risk assessment to workpaper preparation, review, and sign-off.
Key features of ProSystem include:
- Audit planning and tracking of budgeted versus actual time and expenses
- Customizable audit programs and checklists
- Workpaper and documentation tools with version control
- Workpaper review, electronic sign-off and archiving capabilities
- Seamless tax return integration
- Analytics dashboard to monitor engagement metrics and profitability
- Reporting engine to quickly generate custom reports
ProSystem aims to optimize audit efficiency through its structured audit methodology and workflow. By facilitating collaboration across engagement teams, it can compress audit cycles while enhancing audit quality and coverage. Firms can leverage analytics insight to continually improve performance.
With its focus on forward-looking risk assessment models aligned with latest auditing standards, ProSystem seeks to advance audits from compliance-based activities to value-added engagements.
ProSystem Features
Features
- Audit management
- Tax return preparation
- Analytics and reporting
- Workflow automation
- Document management
- Time and expense tracking
Pricing
- Subscription-Based
- Custom Pricing
Pros
Integrates audit and tax workflows
Customizable templates and checklists
Collaboration tools
Detailed analytics and reporting
Strong technical support
Cons
Steep learning curve
Can be complex for smaller firms
Limited mobile access
Expensive compared to other options
Official Links
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