alert-icon
Only limited material is available in the selected language. All content is available on the global site.
Wolters Kluwer Navigation
  • Solutions
  • Careers
  • INVESTORS

About Wolters Kluwer

Wolters Kluwer is a global provider of professional information, software solutions, and services for clinicians, nurses, accountants, lawyers, and tax, finance, audit, risk, compliance, and regulatory sectors.

About Us
  • About Wolters Kluwer
  • Strategy
  • Our Organization
  • Management
  • Supervisory Board
  • Value Creation
  • Events
Expert Insights
  • All Expert Insights
  • Health
  • Tax & Accounting
  • Finance
  • Compliance
  • Legal
Get Help
  • Contact Us
  • Login
  • View Solution List
  • eShop & Bookstores
  • Media Center
  • News & Press Releases
  • Solutions
  • Careers
  • INVESTORS
PrimaryNav Button
Wolters Kluwer Logo
Search
    No Suggestion
    WK logo

    Visit our global site, or select a location

    • Americas
    • Europe
    • Asia & Pacific
    Brazil
    Home page:
    • Portuguese
    Canada
    Home page:
    • English
    • French
    Latin America
    Home page:
    • Spanish
    United States
    Home page:
    • English
    Current Page:
    • English
    Belgium
    Home page:
    • Dutch
    • French
    Czech Republic
    Home page:
    • Czech
    Denmark
    Home page:
    • Denmark
    France
    Home page:
    • French
    Germany
    Home page:
    • German
    Hungary
    Home page:
    • Hungarian
    Italy
    Home page:
    • Italian
    Netherlands
    Home page:
    • Dutch
    Norway
    Home page:
    • Norwegian
    Poland
    Home page:
    • Polish
    Portugal
    Home page:
    • Portuguese
    Romania
    Home page:
    • Romanian
    Slovakia
    Home page:
    • Slovak
    Spain
    Home page:
    • Spanish
    Sweden
    Home page:
    • Swedish
    United Kingdom
    Home page:
    • English
    Australia
    Home page:
    • English
    China
    Home page:
    • Simplified Chinese
    Hong Kong
    Home page:
    • English
    India
    Home page:
    • English
    Japan
    Home page:
    • Japanese
    Korea
    Home page:
    • English
    Australia
    Home page:
    • English
    New Zealand
    Home page:
    • English
    Philippines
    Home page:
    • English
    Singapore
    Home page:
    • English
    Taiwan
    Home page:
    • English
    Thailand
    Home page:
    • English
    Vietnam
    Home page:
    • English
    Primary Navigation
    • Health

      Trusted clinical technology and evidence-based solutions that drive effective decision-making and outcomes across healthcare. Specialized in clinical effectiveness, learning, research and safety.

      Health Overview
      Solutions
      • UpToDateEvidence-based clinical decision support
      • OvidThe world’s most trusted medical research platform
      • Lippincott SolutionsEvidence-based software for institutions
      • Clinical Natural Language ProcessingDrug data and clinical screening modules to support appropriate medication decisions
      View All Solutions
      Challenges
      • Improving patient outcomes
      • Managing population health
      • Reducing healthcare costs
      • Optimizing telehealth and virtual care
      View All Challenges
      Expert Insights
      • Talking Cloud: 3 minutes on Amazon Web Services (AWS) cloud platform
      View All Expert Insights
    • Tax & Accounting

      Enabling tax and accounting professionals and businesses of all sizes drive productivity, navigate change, and deliver better outcomes. With workflows optimized by technology and guided by deep domain expertise, we help organizations grow, manage, and protect their businesses and their client’s businesses.

      Tax & Accounting Overview
      Solutions
      • Finsit Cloud financial insights software
      • CCH OneClickCloud accounting software – a truly unique smart workspace
      • Hosting Solution (power by HDUK)Virtual environment for your business-critical applications and data
      • CCH Personal Tax Simplify and streamline every step in the tax return process.
      View All Solutions
      Expert Insights
      • SME cloud accounting: creating a cloud strategy for small accountancy practices
      • How legal practices can manage trust accounts smoothly and efficiently
      • Case study: MMP Limited's accounting suite
      • Modern practice management: how to accelerate your practice growth
      • The power of KPIs: how to track your accountancy practice’s metrics of success
      • Five Top Tips To Optimise Your Accountancy Practice Management
      • 4 Must-Have Technology Solutions for Your Digital Accounting Practice
      • How Future-Fit Accounting Practices Are Meeting Clients’ Demand for Flexible Working
      View All Expert Insights
    • Finance

      Our solutions for regulated financial departments and institutions help customers meet their obligations to external regulators. We specialize in unifying and optimizing processes to deliver a real-time and accurate view of your financial position.

      Finance Overview
      Solutions
      • CCH TagetikUnified performance management software
      • OneSumX for Finance, Risk and Regulatory ReportingIntegrated regulatory compliance and reporting solution suite
      • CCH Tagetik: Budgeting Planning & ForecastingConnect Finance & Operations. Explainable Predictions. Actionable Insights.
      • CCH Tagetik: Predictive IntelligenceExplainable Predictions. Actionable Insights. Smart Decisions.
      View All Solutions
      Expert Insights
      • 2022 BPM Partners Vendor Matrix for Performance Management
      • 8 Supply Chain Planning red flags
      • Wolters Kluwer receives the Top Customer Recommendation Score in BARC’s The Planning Survey 22
      • Address ESG evolving requirements and drive sustainable strategies
      • ESG compliance is far more than reporting – It’s a journey
      • Wolters Kluwer has been recognized in the 2022 Gartner® Magic Quadrant™ for Supply Chain Planning Solutions
      • Consolidation & Close demo
      • The four plays Supply Chain leaders need to know
      View All Expert Insights
    • Compliance

      Enabling organizations to ensure adherence with ever-changing regulatory obligations, manage risk, increase efficiency, and produce better business outcomes.

      Compliance Overview
      Solutions
      • TeamMateSolutions suite for auditors
      • CCH GDPR ComplianceGDPR compliance and training
      • EnablonSoftware solutions for Risk & Compliance, Engineering & Operations, and EHSQ & Sustainability
      • OneSumX for Finance, Risk and Regulatory ReportingIntegrated regulatory compliance and reporting solution suite
      View All Solutions
      Expert Insights
      • Leading Australian ADI chooses our OneSumX for Basel solution
      • Unleash the power of your finance systems
      • Infographic: Basel III to Basel IV adaptations
      • Basel and climate risk: How will guidelines evolve?
      • Finance Transformation: Getting the most from your team for improved financial performance and control
      • Insights Magazine - Issue 16
      • Optimizing balance sheets and leveraging risk to improve financial performance
      • Banks, ESG and Climate Risk Management: New models for new risks
      View All Expert Insights
    • Legal

      Serving legal professionals in law firms, General Counsel offices and corporate legal departments with data-driven decision-making tools. We streamline legal and regulatory research, analysis, and workflows to drive value to organizations, ensuring more transparent, just and safe societies.

      Legal Overview
      Solutions
      • LegiswayAll-in-one legal management software
      • KleosCloud-based practice management technology
      • Legal SmartDocumentsAutomate the creation and management of contract templates
      • Legal SoftwareExpert software solutions helping legal professionals increase efficiency and drive results
      View All Solutions
      Expert Insights
      • Demonstrating value: legal technology and your in-house legal department
      • The rise of the legal operations function
      • The legal department enabling the business
      • 5 ways to digitalise corporate housekeeping at your legal department
      • 5 questions every legal department must answer before implementing an e-signature tool
      • Using artificial intelligence for contract management
      • Optimising contract management workflows
      • [Infographic] – Tips for effective case management
      View All Expert Insights
    1. Back to Home >
    2. Back to Expert Insights >
    3. Roll Forward with Knowledge Coach
    Wolters Kluwer architected AI for its roll forward/update process.
    Tax & Accounting18 February, 2021

    Roll Forward with Knowledge Coach

    By:Wendy Cable

    You may have read in the news recently about a patent for the application of AI specific to the roll forward/update processes during an audit . Interestingly, Wolters Kluwer didn’t need AI for its roll forward/update process in the award winning Knowledge Coach solutions. We architected those processes, in CCH® ProSystem fx® Knowledge Coach andCCH Axcess™ Knowledge Coach, to ensure auditors 100% certainty. Let’s take a closer look into what I mean by that.

    Roll Forward with 100% Certainty

    In 2021, it’s more important than ever for auditors to consider how to improve their processes. Put simply, auditors must find ways to increase both quality and efficiency. For this reason, the roll forward and update processes in Knowledge Coach guarantee:

    • Updating to the latest content, while also allowing you flexibility to keep your answers and customization without any guess work
    • Handling updates to pronouncements and professional standards with ease, simply as part of the integrated audit approach
    • Providing auditors full visibility of the content they are using, which helps ensure compliance

    Rest assured, this reliable tool is one that Peer Reviewers look for. Having passed QCM Examination, Knowledge Coach gives Peer Reviews peace of mind. Furthermore, Knowledge Coach offers ALL industry titles, has a patent on areas within the audit application that helps avoid the most common peer review missteps, and the solution itself has passed AICPA Peer Review.

    Roll Forward with Risk-Based Technology

    Consequently, while another vendor might have leveraged AI for the roll forward/update process, fact is that AI isn’t needed. Indeed, Knowledge Coach’s longevity and success in the marketplace proves that. To reiterate, Knowledge Coach is the best choice for audit firms for 3 reasons:

    1. Knowledge Coach doesn’t rely on AI to determine applicable standard updates and pronouncements for specific procedures. Instead, it is architected to update 100% of the content to the latest version of the industry specific content.
      1. Auditors are certain that all audit content is updated correctly, and that their answers and customizations are retained.
      1. This ability is available for both CCH® ProSystem fx® Knowledge Coach and CCH Axcess™ Knowledge Coach – and for ALL industry titles.
    2. Auditors don’t have to wait for updated standards to be available before they roll forward.
      1. Knowledge Coach allows auditors to roll forward whenever they need to, and then update any time during an active engagement while keep answers and customizations in the next content version.
    3. Knowledge Coach is a reliable tool, and one that Peer Reviewers look for.

    Conclusion

    In your final analysis, you should find time to look at Knowledge Coach … or look at it again. In either case, and without a doubt, this risk-based technology is what will improve the workflow of your accountants and auditors. See it for yourself today, Knowledge Coach video overview.

    Wendy Cable
    Marketing Manager

    Strategic marketing professional responsible for developing and implementing marketing strategy for numerous software and research solutions. These innovative go-to-market plans are data driven and designed to successfully drive awareness, deliver leads and convert interest into sales for increased revenues and market share. Strengths include uncompromising commitment to excellence, organizational skills and responsiveness.

    Explore related topics
    Expert insightsAuditAudit Methodology
    Accounting & Audit Solutions

    Deliver higher quality audits that emphasize auditor judgement and enhance client understanding.

     

     

    Learn More
    How we help
    Integrated Audit Approach
    Engagement Solutions
    Audit Methodology

    Related insights

    Gaining a competitive edge with a digitised trust accounts process
    Gaining a competitive edge with a digitised trust accounts process A 12-point guide to help you with GDPR compliance Surviving and thriving: a guide to preparing for your next tax season

    Related Insights

    • SME cloud accounting: creating a cloud strategy for small accountancy practices
      Article
      Tax & Accounting
      June 15, 2022
      SME cloud accounting: creating a cloud strategy for small accountancy practices
      In this article, we examine the specific requirements of SME cloud accounting. How can smaller practices leverage the cloud for greater efficiency and productivity?
      Learn More
    • How legal practices can manage trust accounts smoothly and efficiently
      Article
      Tax & Accounting
      June 02, 2022
      How legal practices can manage trust accounts smoothly and efficiently
      Download our article to discover our key tips for how legal practices can manage trust accounts - in the most efficient way possible.
      Learn More
    • Modern practice management: how to accelerate your practice growth
      Article
      Tax & Accounting
      May 09, 2022
      Modern practice management: how to accelerate your practice growth
      In this article, we examine how accountants may improve their practice management to save time, minimise risk and drive growth.
      Learn More
    • The power of KPIs: how to track your accountancy practice’s metrics of success
      Article
      Tax & Accounting
      April 29, 2022
      The power of KPIs: how to track your accountancy practice’s metrics of success
      Our article explores how tracking accounting KPIs in real time can improve efficiencies and inform decision-making within the 21st century practice.
      Learn More
    Footer Navigation
    • About Us
    • Strategy
    • Organization
    • Management
    • Supervisory Board
    • Value Creation
    • News & Press Releases
    • Events
    • Solutions
    • Health
    • Tax & Accounting
    • Finance
    • Compliance
    • Legal
    • Expert Insights
    • Careers
    • Investors
    • Sitemap
    • Site Owner
    Follow Wolters Kluwer US
    • Facebook
    • Twitter
    • LinkedIn
    • Instagram
    • YouTube
    Wolters Kluwer Logo

    When you have to be right

    • Terms of Use
    • Privacy & Cookies

    © 2022 Wolters Kluwer N.V. and/or its subsidiaries. All rights reserved.

    Back To Top