alert-icon
Only limited material is available in the selected language. All content is available on the global site.
Wolters Kluwer Navigation
  • UKRAINE RESPONSE
  • Solutions Directory
  • 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
  • UKRAINE RESPONSE
  • Solutions Directory
  • Careers
  • Investors
PrimaryNav Button
Wolters Kluwer Logo
Search Wolters Kluwer
    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
    Malaysia
    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
      • UpToDateClinical decision support resource
      • OvidThe world’s most trusted medical research platform
      • LexicompEvidence-based drug referential solutions
      • Sentri7Award-winning infection control and monitoring
      View All Solutions
      Challenges
      • Improving patient outcomes
      • Managing population health
      • Reducing healthcare costs
      • Optimizing telehealth and virtual care
      View All Challenges
      Expert Insights
      • Exploring tough questions in perioperative medical consultation: A hospitalist's guide
      • Incorporating Diversity and Inclusion beyond the admission process
      • To reduce healthcare costs and improve quality put the right tools in the right hands
      • 10 tactics to improve patient teaching
      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
      • Tax & Accounting U.S. HubCentral hub for all U.S. solutions
      • CCH Axcess™ SuiteCloud-based tax preparation and compliance, workflow management and audit solution
      • CCH® ProSystem fx®Integrated tax, accounting and audit, and workflow software tools
      • TaxWise®Tax Preparation Software for Tax Preparers
      View All Solutions
      Expert Insights
      • Tax relief for island of St. Croix, U.S. Virgin Islands taxpayers due to water shortage: IRA and HSA deadlines postponed
      • StateRAMP vs. FedRAMP: How these cybersecurity programs differ
      • New CCH Axcess™ Tax Return Dashboard puts all the information you need in one place
      • What does RPA mean for internal audit and financial services?
      • Inflation Reduction Act of 2022
      • 5 tips to build a risk-based audit plan for the public sector
      • IRS acknowledges some CP-14 notices are incorrect and should be disregarded
      • Vet current and potential workflow solutions through your firm's strategic goals to find the best fit
      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
      • Lien SolutionsMarket leader in UCC filing, searches, and management
      • eOriginaleOriginal securely digitizes the lending process from the close to the secondary market
      View All Solutions
      Expert Insights
      • StateRAMP vs. FedRAMP: How these cybersecurity programs differ
      • What does RPA mean for internal audit and financial services?
      • 5 tips to build a risk-based audit plan for the public sector
      • Supply Chain Planning Software: the ultimate buyer's guide
      • 2022 Gartner® Market Guide for Cloud, Extended Planning and Analysis Solutions
      • Accounting for ESG - What does ESG mean for the Office of the CFO?
      • Understanding 5 new and emerging risks
      • An industry in disruption: A survey of the automotive industry’s journey from paper to digital
      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
      • OneSumX for Finance, Risk and Regulatory ReportingIntegrated regulatory compliance and reporting solution suite
      • TeamMateSolutions suite for auditors
      • EnablonSoftware solutions for risk & compliance, engineering & operations, and EHSQ & sustainability
      • CT CorporationRegistered agent & business license solutions
      View All Solutions
      Expert Insights
      • Trends, best practices, and technology for eMortgages, HELOCs, and other digital assets
      • Tax relief for island of St. Croix, U.S. Virgin Islands taxpayers due to water shortage: IRA and HSA deadlines postponed
      • StateRAMP vs. FedRAMP: How these cybersecurity programs differ
      • CT Expert Insights: Licensing landscape of third-party logistics providers handling pharmaceuticals
      • Do you need a business license to sell on Etsy?
      • CT Expert Insights: Mitigating the risk of business identity theft
      • What is more important: Materiality or ESG scores?
      • Delaware corporations can now limit the liability of senior officers for breaches of the duty of care
      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
      • Enterprise Legal ManagementMarket-leading legal spend and matter management, contract lifecycle management, and analytics solutions
      • Manual IPThe most comprehensive and detailed resource for IP professionals
      • LegiswayAll-in-one legal management software
      • BizFilingsIncorporation services for entrepreneurs
      View All Solutions
      Expert Insights
      • Case study: PNC Bank sees quick cost savings and efficiencies with LegalVIEW® BillAnalyzer for better bill review
      • Infographic: Improving billing guideline compliance with AI
      • Report: LegalVIEW Insights volume 5 - Trends in vendor mix and total outside spend
      • Three strategies to ensure your technology investments pay off
      • Data science can unlock the value of your legal information
      • Legal Leaders Exchange: Planning for and managing the largest legal matters
      • Legal Leaders Exchange - Podcast episode 12
      • The Graz discussions on private enforcement of competition law
      View All Expert Insights
    1. Back to Home >
    2. Back to Expert Insights >
    3. What’s new with CCH Axcess™ Audit?
    a person sitting at a table in front of a window
    Tax & AccountingJuly 15, 2022

    What’s new with CCH Axcess™ Audit?

    By: Wolters Kluwer Tax and Accounting

    Firms have been turning to CCH Axcess™ solutions to improve audit efficiency and profitability while simultaneously driving better audit quality. By adopting cloud audit software, firms can enjoy an integrated audit approach that improves efficiency while enhancing risk assessment, leading to satisfied clients and better peer reviews.

    CCH Axcess Audit was the subject of a recent Audit Talks LIVE webinar. The webinar featured Patrick Tokarski, the Director of the National Assurance Technical Group at CliftonLarsonAllen, joined by Colleen Knuff and Andrea Hearn from the Wolters Kluwer Audit Product Management team. They discussed what is new inside the CCH Axcess Audit solutions, including CCH Axcess™ Financial Prep, CCH Axcess™ Knowledge Coach, and CCH Axcess™ Engagement.

    Watch the full webinar on-demand

    Integrated Audit Approach drives efficiency

    Most firms have some waste of professionals’ time and effort lurking in their audit processes. Having a single source of the truth is one way to eliminate some of that waste, by eliminating the need to log in and out of different audit solutions or having to touch data more than once. The CCH Axcess™ platform helps firms have a single source of the truth by making data easily accessible and flowing data through the process into other parts of your audit. The solutions within the platform are integrated, so the overall audit process requires fewer clicks. Fewer clicks contribute to an optimized digital audit process.

    The Wolters Kluwer Integrated Audit Approach continues to work off of these principles to provide higher quality, more efficient audits while meeting all professional standards and AICPA peer review requirements. Our approach is designed to help firms turn efficiency into profits.


    Efficiency is about clicks and keystrokes. For pretty much everything, the rules are the same. If we're doing an audit, or if we're doing a tax return, we have the same rules we follow. If I can save some clicks, I'm really adding efficiency to my engagement.

     – Patrick Tokarski, Director, National Assurance Technical Group, CLA


    CCH Axcess Financial Prep

    CCH Axcess Financial Prep is a cloud-based trial balance for the preparation of balances for business tax returns. Many features in Financial Prep help reduce or eliminate the steps required to import trial balances. The solution integrates with QuickBooks Online, Xero, and CCH Axcess™ Tax.

    Two recent feature updates help further enhance the efficiency and effectiveness of the CCH Axcess Audit workflow. The Copy Engagement feature gives the ability to create a copy of an existing engagement with some flexibility in the options of what to include in your new engagement. Patrick Tokarski has observed two useful benefits of this feature for his firm. First, it allows CLA to create an audit template to be used across similar clients, for example, clients in the same industry. Second, it ensures better consistency. When a CLA professional wants to create individual engagements for each entity, they can make a copy and bring over the trial balance, many journal entries and work papers using Copy Engagement. In this way, they could be sure the data is consistent while saving a lot of time.

    A second new feature, Save and Add Another Journal Entry, allows professionals to take the prior year tax groups, prepare work papers, and get adjustments lined up without having to post one and then go back out and start again. Yet again, the Save and Add functionality removes excess clicks for more streamlined efficiency.

    The future of CCH Axcess Audit

    The Audit Talks LIVE webinar went on to discuss more information about Financial Prep before moving on to a run-down of new enhancements in CCH Axcess Knowledge Coach. For all the details, be sure to watch the full on-demand webinar.

    Additionally, the CCH Axcess Engagement Early Adopter is underway currently at a variety of firms. The combination of Financial Prep, Knowledge Coach and Engagement on the CCH Axcess platform will become the new CCH Axcess Audit. This integrated approach will deliver an end-to-end solution allowing firms to audit in the cloud.

    Tax & Accounting Resources

    Audit Talks Podcast

    Learn from Audit Experts at Your Convenience

    Subscribe Now
    Wolters Kluwer Tax and Accounting

    Wolters Kluwer Tax and Accounting is a leading provider of software solutions and expertise that helps tax, accounting and audit professionals research and navigate complex regulations, comply with legislation, manage their businesses and advise clients with speed and accuracy.

    Explore related topics
    Expert insightsAuditIntegrated AuditAudit 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

    StateRAMP vs. FedRAMP: How these cybersecurity programs differ
    StateRAMP vs. FedRAMP: How these cybersecurity programs differ What does RPA mean for internal audit and financial services? Enhancing the internal audit experience in the life sciences and advanced technology industries

    Related Insights

    • Tax relief for island of St. Croix, U.S. Virgin Islands taxpayers due to water shortage: IRA and HSA deadlines postponed
      Article
      Compliance
      Tax & Accounting
      August 09, 2022
      Tax relief for island of St. Croix, U.S. Virgin Islands taxpayers due to water shortage: IRA and HSA deadlines postponed
      As a result of a water shortage and health impact from sargassum seagrass influx beginning on July 15, 2022, on the island of St. Croix, U.S. Virgin Islands, the IRS has announced that affected taxpayers will receive tax relief.
      Learn More
    • StateRAMP vs. FedRAMP: How these cybersecurity programs differ
      Article
      Compliance
      Finance
      Tax & Accounting
      August 08, 2022
      StateRAMP vs. FedRAMP: How these cybersecurity programs differ
      State and local governments can use StateRAMP to find cloud service providers that meet cybersecurity standards. See how this program differs from FedRAMP.
      Learn More
    • New CCH Axcess™ Tax Return Dashboard puts all the information you need in one place
      Case study
      Tax & Accounting
      August 04, 2022
      New CCH Axcess™ Tax Return Dashboard puts all the information you need in one place
      The new CCH Axcess Tax Return Dashboard is now available to all CCH Axcess Tax users, providing a convenient new way to work with 1040 returns, in time for extension season.
      Learn More
    • What does RPA mean for internal audit and financial services?
      Article
      Compliance
      Finance
      Tax & Accounting
      August 02, 2022
      What does RPA mean for internal audit and financial services?
      Emerging tech like robotic process automation (RPA) can help internal auditors and financial services firms increase efficiency. See how RPA can be used.
      Learn More
    Footer Navigation
    • About Wolters Kluwer
    • Strategy
    • Our Organization
    • Management
    • Supervisory Board
    • Value Creation
    • News & Press Releases
    • Events
    • Solutions Directory
    • 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