Audit experts and technologists from Wolters Kluwer will be joined by industry experts to help auditors navigate rapid changes happening in their profession and the marketplace.
Today, Wolters Kluwer Tax & Accounting announced that the 3rd edition of its complimentary Audit Talks LIVE virtual conference series will take place on June 2-3, 2020. Bringing together external audit experts and technologists from Wolters Kluwer, speakers from the American Institute of Certified Public Accountants (AICPA), and other CPA practitioners, this online event will offer candid insights and best-practices to help firms better navigate the rapidly changing audit landscape and successfully transform practices to better serve clients in a growingly complex economic and regulatory landscape.
Featuring more than 15 unique 30-minute sessions divided into three distinct tracks – Auditing for Superheroes, Accounting & Reporting Insights, and Navigating the Firm Landscape – this 2-day complimentary online conference provides auditors with a great opportunity for professional development and offers actionable information they can apply in their firms. The third edition will cover topics ranging from how to embrace analytics in audit, the Financial Accounting Standards Board (FASB) response to COVID-19, and new auditor reporting standards, to embracing change and surviving, and no-touch tax returns, just to name a few.
“Adapting to change, especially in the current challenging times, while also working to transform your audit workflow is something all firms are facing today. Building an effective plan is the first step,” said Cathy Rowe, CPA, CA and Director of Accounting and Audit Product Management at Wolters Kluwer Tax & Accounting North America. “We created these virtual conferences last year as a platform where auditors looking for guidance and help could listen to experts and peers in their profession talk about how technology has helped transform their practice and how to best navigate the rapidly evolving audit landscape to ensure profitable growth.”
More than 250 attendees representing over two hundred firms have attended past Audit Talks LIVE virtual conferences, taking advantage of this flexible platform to participate in online sessions over the course of two days. Topics have included avoiding peer review missteps, review of changing client expectations, getting more comfortable with audit analytics, and reimagining “audit of the future” with artificial intelligence technologies.
“I attended a great update on the audit of the future and how technology is impacting audit practices. The presentation was a perfect length, not too long, and the update on where Wolters Kluwer is now and where they are going was also beneficial,” said Brent Pruim, CPA, Assurance & Financial Reporting, Strategic Business Analyst, Rehmann Robson LLC
Wolters Kluwer Integrated Audit Approach focuses the audit process on auditor judgment, covering the entire end-to-end workflow to maximize efficiencies and guide firms to a higher quality audit without over or under auditing. This unique approach facilitates their ability to make informed decisions by ensuring that the audit is tailored for each client, always having a link to the assessed risk and the work performed. It combines the powerful content-driven tools of CCH® ProSystem fx® Knowledge Coach and CCH Axcess™ Knowledge Coach, the efficiency of CCH® ProSystem fx® Engagement and TeamMate® Analytics, plus the comprehensive content of CCH® Accounting Research Manager® and CCH Axcess™ Financial Prep, the first dynamic cloud-based trial balance solution integrated with Xero, QBOnline, CCH Axcess™ Workstream, CCH Axcess™ Tax, as well as other cloud-based audit solutions soon to be released on the award-winning CCH Axcess™ platform.
“Many current audit methodologies and systems are built on standardized checklists and inflexible processes, failing to leverage auditor knowledge and discouraging critical thinking. The Knowledge-Based Audit Methodology from Wolters Kluwer is dynamic. It helps auditors plan and produce higher quality audits based on continuous knowledge gathering and reflection, which both minimizes compliance risk and maximizes audit effectiveness and efficiency,” explains Rowe.