Spinelli CPAs makes 3 positive changes with an Integrated Audit Approach

Founded in 2018, Spinelli CPAs provides quality services and expert financial advice to clients in Massachusetts. This full-service firm offers audit and accounting, tax strategy, tax compliance, and consulting and advisory services to individuals and businesses across a broad range of industries. Spinelli CPAs is committed to being a trusted advisor to its clients, going above and beyond traditional accounting services to position clients for maximum profitability and financial success.

Founder, president, and managing partner, Karen Spinelli, CPA, leverages her experience in the accounting industry to lead the firm’s mission and drive growth. However, with greater competition for talent today, Spinelli says it’s getting harder to find staff who possess the knowledge needed to take the firm to the next level.

Spinelli uses Wolters Kluwer audit solutions to improve the firm’s audit practices and drive efficiency. Today, the firm uses Wolter’s Kluwer’s Integrated Audit Approach—including CCH® ProSystem fx® Engagement, CCH® ProSystem fx® Knowledge Coach, CCH® Accounting Research Manager® as well as the CCH Axcess™ Portal.

Spinelli CPAs chose Wolters Kluwer’s Integrated Audit Approach to achieve the following objectives:

1. Provide guidance to staff throughout the audit process to ensure accuracy
2. Deliver quality audits in less time
3. Stay on the cutting edge by providing the best product and service for clients

Here’s how the Wolters Kluwer CCH® ProSystem fx® Suite helped them succeed.

Change 1: Bridge the generation gap and curb shortcuts during the audit process

One of the major challenges currently facing the accounting industry is the changing of the CPA guard as the older generation of professionals retires and new accountants join the workforce. It can be difficult to find staff with the right auditing knowledge base. Sometimes staff need additional guidance to follow procedures and avoid taking an ill-advised shortcut. That’s why Spinelli CPAs relies on CCH® ProSystem fx® Knowledge Coach to guide the process and tailor the audit plan for each client’s unique needs. Knowledge Coach helps keep Spinelli professionals on track and makes sure all steps are completed according to the AICPA standards to satisfy peer review.

Download the case study to read all of Spinelli’s results, including how they take an individualized approach to each and every audit. 

Change 2: Improve efficiency and ability to deliver quality audits

A 100% woman-owned business certified in Massachusetts, Spinelli CPAs does a little bit of everything, but the business breaks down to about half tax and half audit services. Audits are conducted primarily for nonprofit clients and with the firm’s small staff, efficiency and quality are both essential for success. Wolters Kluwer’s Integrated Audit Approach helps the firm adapt to last-minute changes and deliver high quality audits in much less time by: 

• Using CCH Accounting Research Manager to learn about new nonprofit standards and other changes that affect the audit without having to spend money on additional resources
• After the first audit for a client, the CCH ProSystem fx Suite saves time for future audits through roll-forward capabilities for workpapers and other information. 

According to Spinelli: “Using an integrated audit approach helps us in a lot of different ways. We’re all about trying to be as efficient and productive as we can for our organization and for our clients. Moreover, we’re trying to keep a quality product while also maintaining a certain cost for those customers.”

Change 3: Stay on the cutting edge to go above and beyond for clients

Spinelli CPAs relies on Wolters Kluwer to assist them in finding the best way to provide the best product and service for their clients. Spinelli notes that the integration and simplicity of Wolters Kluwer solutions provides the “necessary building blocks so I can simply rely on one company, one organization and solution for everything that I need,” including a central database with the cloud-based Axcess Portal.  

The CCH ProSystem fx Suite has enabled Spinelli CPAs to deliver on its commitment to provide customized audits and high-quality products to their clients. As a small firm, there’s not always much time for innovation or researching new software solutions which is another reason why Spinelli values Wolters Kluwer: “I need to stay ahead of the other CPAs out there. I need to be that firm that can provide the right solutions to my clients. Wolters Kluwer gives me the ability to provide those right solutions."

Watch our Webinar and discover how your firm can provide quality audits in less time. Click here to watch now!

Click here to Download the Case Study