Built for audit partners and managers at large and mid-sized Australian firms running financial statement audits. Halo prepares the testing, runs the sampling, agrees the figures back to source, and explains its working in language a reviewer can read.
A team of four, three weeks at the client, a trial balance, twenty-something working papers, and hundreds of supporting documents. The hard work is the thinking. The slow work is the file gathering, the matching, and the tying out, and that's where most of an audit's hours actually go.
Drop the trial balance and the supporting evidence into a Job. Halo populates the workpapers, agrees the figures to source, picks the samples, and flags the exceptions, with every line citing the cell, the page, and the document. Your job becomes reading the file, asking the questions, and signing the opinion.
Reads a trial balance into a health score, an ATO benchmark check and a ratio profile, or scores a general ledger for audit risk at the transaction level, so you walk in knowing where the risk sits before fieldwork starts.
Substantive testing on the general ledger. Halo selects the sample, sized and stratified the way the standard requires, matches each item back to its supporting document, and explains why each row was chosen. Re run with a different seed and the working is repeatable.
Turns completed testing into ASA 265 management letter points, pulled per client into a Word or Excel management letter, with each point tied back to the exception that raised it.
Reviews a set of financial statements against the engagement file, checking disclosures, versions and exceptions, and marks up what needs a change with every issue linked to a source you can open.
Drafts the engagement letters, management representations and substantive memos straight from the underlying file, in the format your firm already uses.
Reviews the income tax reconciliation against the financial statements, checks the current and deferred tax balances, and flags the positions that need support before lodgement, each one cited to the figure that raised it.
Start a free trial and run Halo against your own trial balance and working papers today.