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Welcome

Welcome to
PPC’s SMART Practice Aids
®. These innovative tools bring advanced functionality to your existing PPC's Practice Aids products.
Click the links below to learn more.
PPC’s SMART Practice Aids – Risk Assessment
Plan your audit in four easy steps:
  • Identify risks – Complete planning forms and identify risks that could result in a material misstatement of the financial statements.
  • Assess effects of risks – Determine the extent of audit procedures necessary in light of identified risks.
  • Review and modify audit programs – Review the suggested audit procedures and modify as needed.
  • Generate documents – Generate practice aid planning forms and audit programs.

PPC’s SMART Practice Aids – Internal Control

Optimize the overall planning process. Use this comprehensive, fully-integrated internal control evaluation and analysis tool with PPC’s SMART Practice Aids – Risk Assessment to:
  • Obtain and document your understanding of internal control.
  • Evaluate system design.
  • Prepare internal control test plans (required, if performing a public company audit of internal control).
  • Conclude on control effectiveness if performing a public company audit of internal control.
  • Assess control risk.

PPC's SMART Practice Aids – Disclosure

Optimize financial statement disclosure preparation and review. Use this automated tool to:
  • Prepare a customized checklist of applicable disclosure requirements.
  • Quickly identify new or changed disclosure requirements.
  • Create and save company-specific disclosures.
  • Create and store firm-approved disclosures for use on any engagement.
  • Research related authoritative literature on Checkpoint.
  • Works alone, or integrated with PPC’s SMART Practice Aids - Risk Assessment, Audit Essential, and Compilation and Review.

PPC's SMART Practice Aids – Field Work

Plan and execute the entire PPC audit process within the SMART Suite, providing even more efficiency to your audit workflow experience. Use this automated tool with PPC’s SMART Practice Aids – Risk Assessment to:
  • Place the PPC Practice Aids you need automatically into your SMART engagement.
  • Add other PPC Practice Aids as needed.
  • Share data and decision information automatically between PPC Practice Aids.
  • Carry your planning materiality, tolerable misstatement, and risk assessments throughout your audit engagement.
  • Complete your audit work and sign off audit program steps within SMART and insert linked workpaper references.
  • Provide diagnostics, rollforward, links to content on Checkpoint, multi-user capability, and master engagements.

PPC's SMART Practice Aids – Compilation and Review

Increase efficiency using automated, industry-tailored checklists and forms for the engagement planning and performance of your compilation and review engagements:
  • Interim and annual compilation, compilation for management use only, review
  • Specialized industries – commercial, construction, nonprofit, and more
  • Rollforward to next year
  • Multi-user capability
  • Diagnostics identifying errors or inconsistencies
  • Link to content specific guidance on Checkpoint
  • Integration with SMART Disclosure

PPC’s SMART Practice Aids – Audit Essential

An easy to use workflow tool providing the basic features necessary to plan and complete any audit engagement.
  • Document audit planning, identify and assess risk, and tailor and complete audit programs
  • Use pre-defined engagements for small, non-complex entities (SMART Start) or create your own custom engagement
  • Accumulate identified audit risks and relate them to relevant assertions
  • SMART generation creates custom audit programs based on your risk assessments
  • Rollforward the client engagement to the next period with changes flagged
Or, use the full PPC’s SMART Practice Aids Audit Suite to enjoy complete SMART functionality including full multi-user capability, engagement dashboard, SMART design and navigation features, and more.

What's New

If you are a current user of SMART Practice Aids, see the Thomson Reuters Tax & Accounting Customer Help Center for an overview of the latest release features.

New to SMART Practice Aids?

If you are new to SMART Practice Aids, start with these topics to get familiar with the interface, see a high-level overview of the basic workflow steps, and view a topic on how to use the Help features.
Users of these products are encouraged to contact PPC to offer any comments or suggestions to improve the usefulness of future editions. Click the following link to Contact us.