“With the expanded set of knowledge-based titles now available in these expert solutions, we’re helping the accounting profession meet quality expectations under increasingly compressed timelines regardless of their client’s industry,” said Cathy Rowe, CPA, CA and Director of Accounting and Audit Product Management at Wolters Kluwer Tax & Accounting North America. “Our Knowledge-Based Methodology is dynamic, helping auditors plan and produce higher quality audits, for example based on continuous knowledge gathering and reflection. This approach helps minimize risk and maximize effectiveness & efficiency in accounting and audit work. And, the integration with TeamMate® Analytics means auditors can incorporate analytics in the audit more easily.”
Giving auditors the flexibility of anywhere, anytime access, CCH Axcess™ Knowledge Coach facilitates collaboration across audit engagement, improves overall audit quality, and enables auditors to exercise professional judgment. With new title releases it now includes updated practice aids & tips for auditing Commercial titles, Common Interest Realty Associations, Dealerships, Employee Benefit Plans, Examinations of Service Organizations (SOC), Financial Institutions, Government Institutions, Non-traditional Engagements, Not-for-Profits, Public Company Accounting Oversight Board audits, and recent Construction, Health Care, and Real Estate additions.
CCH Axcess™ Knowledge Coach PCR is designed for firms that focus on preparation, compilation or review (PCR) engagements. It tailors practice aids based on the characteristics of the firm and the client, enabling accountants to complete PCR engagements entirely in the cloud for greater collaboration, improved quality & efficiency, and easy access from anywhere. The solution now includes titles, practice aids, and tips for auditing Commercial Entities, Common Interest Realty Associations, Construction, Dealerships, Not-for-Profits, and Real Estate firms.
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 approach represents all the components necessary for an automated, data-driven audit workflow that is integrated with the indispensable CCH Axcess™ platform. Components include the efficiency of CCH Axcess™ Engagement and TeamMate® Analytics, the methodology of CCH Axcess™ Knowledge Coach, the comprehensive content of CCH® Accounting Research Manager® and CCH Axcess™ Financial Prep, the first dynamic cloud-based trial balance solution integrated with CCH Axcess™.
About Wolters Kluwer Tax & Accounting
Wolters Kluwer Tax & Accounting is part of Wolters Kluwer (WKL), a global leader in professional information, software solutions, and services for the healthcare; tax and accounting; governance, risk and compliance; and legal and regulatory sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with advanced technology and services.