Knowledge Coach Overview
Created by auditors, for auditors, CCH iFirm Knowledge Coach helps you efficiently manage an audit from beginning to end. Knowledge Coach combines the industry-specific content and guidance of the CCH® Knowledge-Based Audit methodology with a dynamic audit workflow engine that streamlines your audit planning process. Knowledge Coach provides a planning tool, a form generator, and an audit workflow management tool in one package. It also reduces the number of administrative tasks your auditors must perform so they can focus on auditing.
Knowledge Coach reduces the time your auditors spend on administrative tasks so that they can focus on auditing. Among other benefits, Knowledge Coach provides the following:
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Increased efficiency. Knowledge Coach includes dynamic planning tools, flow of data throughout the application and forms, and powerful roll-forward capacity. Together, these can reduce the time spent on your engagements.
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Compliance with latest risk-based audit standards. Knowledge Coach guides you through audit planning, ensuring that your engagement is tailored to the specific entity and its risks. It also facilitates your ongoing management of risks and program steps, ensuring that all identified risks are addressed throughout the engagement.
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Reduced risk and cost of over-audits. Knowledge Coach links audit procedures to identified risks, allowing your auditors to focus on needed steps and identify unnecessary ones.
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Improved accuracy. Extensive diagnostics ensure completeness. Information that impacts more than one form or step is flowed throughout the forms — immediately and accurately. You do not need to find and update affected areas manually.
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Flexibility. Your audit plans are tailored to a specific entity using our Knowledge-Based Audit guidance, tailoring questions, and your auditor’s professional judgment. Changes are maintained through roll-forward and content updates.
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Transparency. Knowledge Coach explains what it is doing through drill-downs, workflow links, diagnostics, and descriptions of the effects that answers have on your forms.