“With each new knowledge-based title available, especially under increasingly compressed timelines, we continue to help accounting firms deliver quality work regardless of their client’s industry,” said Cathy Rowe, CPA, CA and Vice President of Product Management, US Professional Market, at Wolters Kluwer Tax & Accounting North America. “Quite simply, the knowledge-based approach helps minimize risk and maximize efficiency and effectiveness in both accounting and audit work. For example, with audit work, customers tell us that with the knowledge-based approach they are automatically much more aware of the relevant audit assertions and how they tailor their audit approach to address each risk.”
Giving auditors the flexibility of anywhere, anytime access, CCH Axcess™ Knowledge Coach facilitates collaboration across audit engagements, 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, Construction, Dealerships, Employee Benefit Plans, Examinations of Service Organizations (SOC), Financial Institutions, Government Institutions, Health Care, HUD Multifamily Housing Programs, Non-traditional Engagements, Not-for-Profits, Public Company Accounting Oversight Board audits, and Real Estate. It now also includes updated practice aids to help firms implement the new requirements in SAS 134-140.
CCH Axcess™ Knowledge Coach PCR is designed for firms that focus on preparation, compilation or review (PCR) engagements. The solution 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. The solution has also been updated to help firms implement the requirements of SSARS 25.
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, saving firms as much as 25% in time on every audit based on customer feedback. 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.