CCHs Knowledge-Based Audits of Financial Institutions provides practitioners with the most effective approach for conducting high-quality audits of depository and lending institutions, including credit unions, banks and savings institutions, finance companies, and mortgage banking companies. Incorporating CCHs Knowledge-Based Audit (KBA) methodology, this guide provides practical discussion and consideration of the day-to-day management of audits of financial institutions, featuring numerous audit efficiency, effectiveness, and cost-saving measures. The KBAs risk-based audit methodology emphasizes using knowledge of the entity and the financial institution to make risk assessments in connection with a financial statement audit. This guide covers all aspects of audits of financial institutions from client acceptance through engagement review and issuance of the auditors report, within the framework of current practice and up-to-date professional literature. The free companion CD-ROM that accompanies Knowledge-Based Audits of Financial Institutions is packed with CCH"s Knowledge-Based Audit practice aids, including programs, checklists, questionnaires, workpapers, correspondence, and example reports that incorporate the requirements of the Risk Assessment Standards. These tools take an auditor through an engagement from the initial evaluation of a client to the issuance of the auditors report, and they can be customized to suit each practitioners needs. The KBA tools are also available CCH"s Accounting Research Manager.