ControlsDoc (sm) - For Documenting and Assessing Internal Controls

• Available as Standalone for PC, Client/Server and Web for multiuser.
• Accommodates multi-location and multi-divisional and multi-process company structures.
• Security module with the ability to designate access to specific areas, controls and functions.
• Easy to navigate interface with operations manual and online training.
• COSO framework compatibility. Customizable defaults to help you get going fast.
• Editable default flowcharts of major control activity processes to facilitate documentation and controls linkages.
• Includes 2006 COSO Internal Controls over Financial Reporting: Guidance for Smaller Public Companies.
• Reflects new AICPA and PCAOB Auditing Standard performance requirements. Considers the requirements of AS No. 5 (ED) (including documentation of excluded accounts), AICPA SAS No. 106, SAS No. 109, SAS No. 110 and SAS No. 112 and AT 501 (ED) performance requirements.
• Helps fulfill entity and auditor documentation requirements.
• "Scaleable" –document only the processes and controls relevant to your purpose.
• Special data capture templates for walkthroughs, service organizations, fraud risks and reliance on the work of others.
• Templates for gathering and assessing Information Technology General Controls.
• Implementation tips and software guidance within the Help function.
• Easy attachment and archiving of existing or created external Word, Excel, etc. documents, to avoid duplication or inefficiencies.
• Generates user reports that are customized to keep track of your project status, sign-offs and approvals, deficiencies identified and their severity, and the status of their remediation.
• A generic template for entity documentation project. management and planning (using MS project).
• Entity and auditor archiving of annual files for document preservation needs, and the ability to re-set the sign-off status to begin the updating process in the New Year ("rollover").
• Ability to generate a read-only archive for review by third parties that does not require a license to view.
• Economical pricing.
• Discounted pricing for AICPA members.
• Economical licensing policies for consultants, audit firms and complex entities.
• Satisfaction guaranteed.
• "Hands on" training available through The Cobre Group's licensed trainers.
• Suggested external readings and support materials – books, articles, etc.
• Auditor Feature

ControlsDocLite
Features:

ControlsDocLite^sm is a flexible data gathering tool with defaults and data prompts consistent with the assessment of controls design and implementation under the COSO Internal Controls framework, both the 1992 release and the 2006 release. It is designed for smaller and simpler non-public audited entities – ones with a single location and a simple computer environment. A selection of often-key accounts and processes are pre-populated with generic prompts to assist companies in customizing the software to capture their unique company structure. It features most of the software functionality found in ControlsDoc^sm, but the defaults are simplified to assist small, simple entities to document their controls.

ControlsDoc^sm is recommended for complex entities with divisions, multiple sources of revenue and complex information technology environments.  ControlsDoc^sm  is also recommended for public companies, companies reporting on the effectiveness of internal controls and entities where significant testing of controls will be performed for audit or reporting purposes.

Who is ControlsDocLite^sm Designed For?

ControlsDocLite^sm  is designed to meet the limited needs of smaller entities or auditors of smaller entities to document their internal controls. As such, the application simplifies the initial data entry relating to controls documentation by:

• Using assertions in lieu of control objectives as documentation prompts. This results in fewer documentation points for each account or process.
• Reducing the number and level of detail in the control data entry forms
• Filtering the number of controls questions to those most relevant to smaller entities
• Simplifying the IT form to be sufficient for a single IT environment
• Presenting prompts based on the most essential financial accounts and processes

However, ControlsDocLite^sm has the same edit functionality as ControlsDoc^sm, and controls text and accounts and processes can be added or deleted to tailor the application to the entity. Once tailored to an entity, the application can be "rolled forward" to the next year to document changes to preserve the tailoring and simplify updating the next year.

ControlsDocLite^sm includes the following design considerations:

• Designed for stand –alone PC installation. Client-server architecture for multiple access  available with firm/entity license.
• Security module with the ability to designate access to document or assess controls
• COSO framework compatibility
• Company and auditor documentation requirements
• Company and auditor archiving and document preservation needs
• Ability to generate a read-only archive that does not require a license to view
• Implementation tips and software guidance within the Help function
• Easy attachment and archiving of existing or created external Word, Excel, etc. documents to avoid duplication or inefficiencies
• AICPA SAS No. 109, SAS No. 110 and SAS No. 112 performance requirements
• Special data capture templates for walkthroughs and service organization procedures
• Templates for gathering and assessing Application software and Information Technology General Controls
• Reports that are customized to keep track of your project status and any deficiencies identified and the status of their remediation

ControlsDocSuite^sm
Features:

ControlsDoc Suite is appropriate for those that need multi- computer, network installations. 
ControlsDoc Suite provides concurrent multi-user capabilities for both ControlsDoc and ControlsDocLite. The suite includes a Client/Server and Web Version for ControlsDoc. It includes a Client/Server Version for ControlsDocLite. Standalone Versions of ControlsDoc and ControlsDocLite are included for those times when you cannot access the server.

Hardware Requirements:
ControlsDocStandard is a standalone version for PCs.
ControlsDocLite is a standalone version for PCs.
ControlsDocSuite is appropriate for PCs, Client/Server, and Web.

Click here for ControlsDoc^sm FAQ