Today, its five partners manage a 40+-strong team of trusted accounting professionals committed to building the bonds needed to become the financial management solution provider of choice for each and every client.
“How we store and manage our client’s data is very important to our firm,” outlined Audit Partner, Ng Chiaw Peng. “Privacy and confidentiality are key for the information we collect from any audit. This is one of the reasons why we moved to CCH® ProSystem fx® Engagement and have embedded this solution into every audit.”
How Wolters Kluwer solutions deliver multiple benefits
CCH® ProSystem fx® Engagement is used by the firm to increase the accuracy, efficiency and security of its audits. It is recognised as an approved solution within the Singapore Accountancy Commission’s ‘The Digital Transformation for Accountancy (DTACT) Programme’.
“There have been multiple advantages of moving to CCH® ProSystem fx® Engagement. Now workpapers don’t need to be printed and so we no longer have hard copy spreadsheets being circulated in files. We can monitor who works and accesses client files and everything stays within the system. This gives both the firm and our clients a high assurance that our client data is both accurate and secure,” he outlined.
“And with the coding for the trial balance only needing to take place in the first year, we can automate the rollover – making any annual client-related updates quickly and easily. This is strategically very important for our firm and clients. As Singapore’s taxation and reporting timelines are very tight every year, we do need to make sure we can automate as much as possible. This ensures we are helping our clients to meet their reporting requirements seamlessly and hence also avoiding penalties,” Chiaw Peng said.