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Maintain firm libraries

About Firm Libraries

Use the Firm Library application to create and maintain databases of firm-approved disclosure examples (referred to as Firm Libraries). Disclosure examples in Firm Libraries are accessible to users working in any engagement and may be copied into the Engagement Library for use as a starting point when drafting note disclosures for a specific entity. You can create any number of Firm Libraries. For example, you might create one Firm Library for commercial entities, another for real estate entities, and another for nonprofit organizations.
The Firm Library application is accessed separately from PPC's SMART Practice Aids. The icon on your desktop looks like this:

General Navigation

The left-hand pane of the Firm Library application lists the topics and related example disclosures contained in the open Firm Library. Select a topic or note title in the left-hand pane to view related disclosure examples in the center pane. To edit a disclosure example in the open Firm Library, select the example in the center pane and choose
Edit Disclosure
from the right-click menu or simply double-click the disclosure. To add a new disclosure, click the
Add Disclosure
button at the bottom of the center pane. The
Save As
function can also be used to save an entire firm library under a different name.
In the right-hand pane, you can view disclosures in any other Firm Library that is contained in the same database as the open Firm Library. Select the Firm Library you want to view in the right-hand pane from the drop-down box at the top of the right-hand pane. If you want, you can copy a disclosure from the right-hand pane to the open Firm Library. To do so, click the disclosure in the right-hand pane and select
Copy to Open Firm Library
from the right-click menu.