AXP Solutions

www.myAXP.com

To further increase the operational efficiency 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 effect and achieve a good system of quality control effortlessly. These two modules mainly provide effective job assignments, work progress monitor-ing, staff 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 operational effectiveness and efficiency of audit assignments.

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

Audit Express

Audit Express improves both the speed and quality of undertaking an audit engagement.

It updates you technically with local support.

Other Modules - SERP

AXP SolutionsSingapore Office:

Blk 4008 Ang Mo Kio Ave 10,#01-10A TechPlace I, Singapore 569625

t: +65.6876.7297 f: +65.6454.7660

Johor Bahru Office:

83A, Jln Emas 1, Tmn Sri Skudai,81300 Johor Bahru,

Johor, Malaysia

t: +607.557.5722 f: +607.557.7697

Cyberjaya Office:

C-2-16, SME Technopreneur CentreCyberjaya, 2270, Jln Usahawan 2,

63000 Cyberjaya, Selangor, Malaysia

t: +603.8315.6168 f: +603.8315.6198

Malaysia National Freephone: 1300 882 297

email: marketing@myaxp.com

Contacts

Malaysia . Singapore

ACCA Accredited Employer (Gold Approved)

New Zealand Institute of Chartered Accountants (NZICA) Approved Training Organisation

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

Knowledge Create Value

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 firm’s preference.

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

Achieve more with our Audit Express - Professional Audit Module. This module is designed not only to help reduce costs and increase operational efficiency, 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 financial data, transforming it into a ready platform so that you can concen-trate 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 Office features, such as arithmetic calculations of Microsoft Excel and word processing of Microsoft Word.

Audit PlanningStart off 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 engagement risk, performing preliminary analytical review and docu-menting necessary audit steps. You can also assess the control risks in respect of your client’s major operation processes.

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

Performing the AuditPerform the audit engagement more effectively and efficiently, in compliance with the prevailing financial report-ing 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 Profit and Loss items, duly grouped and compiled;

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

To provide flexibility, you may even incorporate your firm’s standard guidelines and worksheets into the system.

During the audit, you can also utilise the letter generating centre to produce, amongst others, the bank confirmation letters, stock take observation reminder, debtor and creditor confirmations, director confirmations, cash certificates 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 assur-ance. The system will guide you through with:

Summary of audit differences;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 financial statements; andReview of statement of internal control.

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

Compiling the Annual Report At a mouse click, the system will generate financial state-ments (Balance sheet, income statement, statement of changes in equity, cash flow statement & detailed profit and loss account), together with the relevant disclosure items. These financial statements can be further customized to your firm’s format.

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

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

Audit Express - Professional Audit Module

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 firm’s preference.

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

Achieve more with our Audit Express - Professional Audit Module. This module is designed not only to help reduce costs and increase operational efficiency, 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 financial data, transforming it into a ready platform so that you can concen-trate 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 Office features, such as arithmetic calculations of Microsoft Excel and word processing of Microsoft Word.

Audit PlanningStart off 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 engagement risk, performing preliminary analytical review and docu-menting necessary audit steps. You can also assess the control risks in respect of your client’s major operation processes.

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

Performing the AuditPerform the audit engagement more effectively and efficiently, in compliance with the prevailing financial report-ing 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 Profit and Loss items, duly grouped and compiled;

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

To provide flexibility, you may even incorporate your firm’s standard guidelines and worksheets into the system.

During the audit, you can also utilise the letter generating centre to produce, amongst others, the bank confirmation letters, stock take observation reminder, debtor and creditor confirmations, director confirmations, cash certificates 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 assur-ance. The system will guide you through with:

Summary of audit differences;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 financial statements; andReview of statement of internal control.

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

Compiling the Annual Report At a mouse click, the system will generate financial state-ments (Balance sheet, income statement, statement of changes in equity, cash flow statement & detailed profit and loss account), together with the relevant disclosure items. These financial statements can be further customized to your firm’s format.

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

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

Audit Express - Professional Audit Module

AXP Solutions

www.myAXP.com

To further increase the operational efficiency 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 effect and achieve a good system of quality control effortlessly. These two modules mainly provide effective job assignments, work progress monitor-ing, staff 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 operational effectiveness and efficiency of audit assignments.

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

Audit Express

Our Professional Audit Module is a complete solution for audit automation that complies with FRSs and Quality Control Standards.

Other Modules - SERP

AXP SolutionsSingapore Office:

Blk 4008 Ang Mo Kio Ave 10,#01-10A TechPlace I, Singapore 569625

t: +65.6876.7297 f: +65.6454.7660

Johor Bahru Office:

83A, Jln Emas 1, Tmn Sri Skudai,81300 Johor Bahru,

Johor, Malaysia

t: +607.557.5722 f: +607.557.7697

Cyberjaya Office:

C-2-16, SME Technopreneur CentreCyberjaya, 2270, Jln Usahawan 2,

63000 Cyberjaya, Selangor, Malaysia

t: +603.8315.6168 f: +603.8315.6198

Malaysia National Freephone: 1300 882 297

email: marketing@myaxp.com

Contacts

Malaysia . Singapore

ACCA Accredited Employer (Gold Approved)

New Zealand Institute of Chartered Accountants (NZICA) Approved Training Organisation

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