About SMART Practice Aids – Internal Control

If Internal Control is installed, when you create an engagement, you have the option of selecting Internal Control to include its forms in the engagement.
When included in an engagement, the Internal Control forms are installed under Step 1 – Identify Risks.
Internal Control is a comprehensive, fully-integrated internal control evaluation and analysis tool that you can use 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 (required if performing a public company audit of internal control).
  • Assess control risk.