Welcome to Lexdigita Audit. Built with W.W. Bailey and Company, it turns a client's trial balance into signed financial statements and a live, standards-driven audit file.
Getting started takes just minutes. When a firm registers, Lexdigita provisions an isolated, encrypted workspace with your practice registration, functional currency, indirect tax labels, and accounting policy templates, secured with mandatory two-factor authentication for every user.
Next, invite your audit team. Assign Partner, In-Charge, Preparer, or Engagement Quality Reviewer roles, with digital stamps tracked across every action. Then set up your client profiles, where account-to-lead-sheet mappings are saved once and reused automatically every year.
Starting an engagement is guided by a four-step wizard. Select your client and reporting period, assign engagement roles, choose IFRS for S-M-Ease or Full I-F-R-S, and answer thirteen plain-English profile questions. Finally, link your prior-year comparatives and import the trial balance to launch your tailored file.
In your day-to-day workflow, the Working Paper Index is your live command centre. Covering thirty-six papers across Reporting, Completion, Planning, Financial Reporting, and Audit Programmes, each paper dynamically switches on or off based on your thirteen profile rules. Every ISA and I-A-S reference is a direct clickable link, while conditional overrides require a documented reason and Partner validation.
In Trial Balance and Mapping, pasted or imported QuickBooks accounts are verified for zero net difference and mapped to statement lines. As fieldwork progresses, staff draft balanced audit journals linked to working papers. Once approved by a Partner, adjustments flow straight into the Final column and automatically populate all six lead sheets—whilst unadjusted differences are cleanly tracked on schedule B2.
From those mapped final balances, Lexdigita generates the complete financial statement package: Financial Position, Comprehensive Income, Changes in Equity, derived Cash Flows, and explanatory note tables. An automated integrity engine verifies that every schedule reconciles with zero manual plugs, keeping a clear Draft watermark until final sign-off.
To wrap up the audit, the unified point log tracks review points, client queries, and quality reviews in one place. Clearing open points updates paper statuses and unlocks the A1 Final Sign-Off Gate. Once all twelve structured completion items are verified, the Partner signs A1, removes the draft watermark for client PDF delivery, and secures the file in the seven-year retention archive. Lexdigita Audit: precision, compliance, and clarity from day one.