Text Box: Moore Stephens Middle East, the regional office of Moore Stephens International Limited, recently organized a training session in Dubai for the member firms within the Middle East region to assist them in implementing an audit automation tool that had been introduced globally by the firm. Trainers from the U.K. member firms of Moore Stephens were present for the better part of a week to impart, guide, monitor and implement the system through a process of classroom sessions and practical live case studies. Senior staff representing 10 member firms within the region had separately attended an organized ‘train the trainer’ type of course. PRO-audit, the audit automations tool globally adopted by Moore Stephens, is a paperless audit and working paper system that is suitable for audits of all sized and incorporates the latest largely risk based audit techniques. The comprehensive system is fully compliant with International Standards on Auditing (ISAs) and enables the firm to improve the speed, quality, and consistency of the audit and accounts production process. PRO-audit provides the most Text Box: comprehensive audit system available on the market, covering all the elements necessary for a paperless audit process; from onscreen creation of checklists and planning of the audit, through to analytical review calculations, tracking of audit notes, and permanent file information. All member firms of Moore Stephens Middle East has been committed to applying ‘Pro-audit’ during the current season, especially for medium to large size clients. Partners are convinced that the new system will ensure the firms to remain as prominent and quality player in the audit and accounting profession in the whole of Middle East. Text Box: Moore Stephens Middle East delegates who attended the training together with the three trainers from the United Kingdom

Moore Stephens Middle East
Text Box: September 2007

NEWSLETTER

Training on Audit Automation
Text Box: Key benefits of audit automation The audit process is more easily documented and can be virtually paperless Time and budget management is facilitated Procedures and risk assessment process and other key information can be more easily carried forwards from year to year Supervision and executive reviews are facilitated Automates the audit process, which can greatly reduce the risk of costly errors It is easier to ensure audit standards are being maintained and to standardized processes and procedures An innovative computerized audit automation which represents a major leap forward and provides solution for audits of all sizes.