1. A computer-implemented method for automatically generating and placing documents associated with a tax and accounting related engagement, the method comprising: (a) presenting a plurality of financial audit items and a set of risk levels associated with the plurality of financial audit items; (b) processing a set of responses to the presenting step; (c) automatically generating a suggested financial audit approach based at least in part on the processing step; and (d) automatically generating documents associated with the suggested financial audit approach; and (e) automatically placing the automatically generated documents within a predefined set of folders.