Tax & AccountingNovember 05, 2020

Wolters Kluwer adds CCH Axcess™ AutoCheck to its integrated audit solution set

Latest addition to award-winning, cloud-based CCH Axcess™ platform helps ensure accounting firms or organizations follow all applicable standards when preparing financial statements.
Today, Wolters Kluwer Tax & Accounting announced the addition of the CCH Axcess™ AutoCheck expert solution to its award-winning CCH Axcess™ cloud-based tax preparation, compliance and workflow management platform. Leveraging the platform’s common elements, such as single sign on for all applications and common databases for staff and client information, CCH Axcess™ AutoCheck helps preparers of financial statements be more efficient and increases team collaboration on these engagements regardless of where staff is located.

“With financial reporting standards constantly changing, Wolters Kluwer is focused on helping ensure all applicable standards are correctly followed by the businesses that prepare those financial statements using tools that will make their workflow more efficient and profitable,” said Cathy Rowe, CPA, CA and Director of Accounting and Audit Product Management at Wolters Kluwer Tax & Accounting North America. “CCH Axcess™ AutoCheck is another building block in our Integrated Audit Approach, further enhancing team collaboration, increasing efficiencies, and leveraging the benefits of the CCH Axcess™ platform.”

The cloud-based CCH Axcess™ AutoCheck expert solution presents a list of the required disclosures, tailored specifically for the entity, and enables greater collaboration by allowing multi-user access to the current version of the disclosure checklists from anywhere and at any time without the need for synchronization. These tailored checklists inform the auditor or organization which disclosures are required to present financial statements in accordance with accounting principles as defined by the FASB or IFRS Foundation, as applicable. Preparers of those financial statements can customize the disclosures to those required for a specific entity.

This integrated solution has contextual links directly to the standards and the guides available on CCH® Accounting Research Manager®, and subscribers to this award-winning solution have the additional advantage of built-in reference links to the most up-to-date research content available. The checklists in CCH Axcess™ AutoCheck can be rolled forward to the subsequent reporting periods, driving unparalleled efficiency gains, and are automatically updated with the latest required disclosures while preserving the rolled forward information alerting users to new or modified disclosure requirements.   

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 avoiding 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.
 
About Wolters kluwer

Wolters Kluwer (WKL) is a global leader in professional information, software solutions, and services for the health, tax & accounting, governance, risk & compliance, and legal & regulatory sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services.