Streamline your financial and fund accounting reporting with a workpaper management and trial balance solution

Accounting departments face a myriad of challenges: complying with complex requirements; new standards and regulations required by GASB; very little process automation; time-consuming data consolidation from disparate sources; recruiting and retaining staff given the accounting-industry labor shortage; and more.   

Effectively and efficiently addressing these challenges requires a combination of strategic planning, continuous workflow improvement, and investment in technology. Embracing digital transformation - in other words, technology adoption - in government organizations can soon become inevitable.  

One of the must-haves for government institutions is a workpaper management solution, such as CCH® ProSystem fx® Engagement. It allows significant time savings on financial reports preparation, such as ACFR, and external audit engagements by standardizing, organizing data, storing, and securely sharing your workpapers, internally and externally. Automate time-consuming tasks, mitigate risk and expedite the review process, while improving the transparency, consistency and quality of your team’s work with CCH ProSystem fx Engagement, trusted by over 100,000 users and the majority of the Top 100 Accounting Firms. 

Download Datasheet
Download Datasheet

Make your existing workpapers more efficient with little to no learning curve

CCH ProSystem fx Engagement transforms your existing workflows by providing you with a central hub for your workpapers with efficiency features. The interface is intentionally designed to mimic the Microsoft Office experience you’re used to, so there’s little to no learning curve.

  • Electronic binders and a Windows Explorer-style interface allow users to quickly find what they need 
  • Binder synchronization ensures team members have the most up-to-date files 
  • Security features and user-based controls allow compliance with entity policies and procedures 
  • Audit trails track workpaper history and sign-offs 
  • Dynamic links between trial balance data and workpapers help save time and increase accuracy  
Young woman smiling to the camera, holding a file folder. 

Why government accounting should implement a workpaper management and trial balance software

graph-up-secondary-multicolor
Increase efficiency and productivity
Streamline the document management process with a centralized platform for storing, organizing, and securely collaborating on financial reporting documents. Reduce manual tasks and gain more time to focus on value-added assignments with CCH ProSystem fx Engagement. Benefit from increased efficiency and effectively allocate your staff within the accounting department.
security-check-secondary-multicolor
Ensure audit readiness and compliance
CCH ProSystem fx Engagement helps government accountants easily standardize and organize reporting documents, make them accessible, and ensure they are always up to date. Demonstrate compliance with accounting standards and regulatory requirements, and strengthen your organization's ability to meet audit expectations with increased transparency and accountability.
scale-document-secondary-multicolor
Collaborate effectively with your stakeholders
Facilitate seamless collaboration by providing a centralized platform for securely sharing binders with internal and external stakeholders, making comments, and tracking changes. Enhance your team’s collaboration, expedite the financial statements review process, and ensure that everyone is on the same page, which leads to more accurate and reliable financial information.

Learn how to increase efficiency with a workpaper management and trial balance solution

You can rely on CT Corporation's experienced professionals to handle your Arizona state and legal notifications properly.
A case study: Putting electronic workpapers to work in state government
Discover how a new assistant accounting administrator at Arkansas Department of Finance and Administration (DFA) boosted productivity through the adoption of new technology for its financial  reporting team. 
Download the Case Study
Two people in suit walking down the staircase of local government building while organizing on a tablet
Achieve new efficiencies with fund and financial accounting automation 
Download this white paper to learn why automation for government accounting teams is important, and how to make the case for digital transformation in your organization.
Download the White Paper


Here is what our customers say

Minnesota city view
"Great product for us and other cities like us that go through the annual audit process and prepare their own annual financial reports. Makes the whole process super-efficient as we can send binders, files, and groupings back and forth with external auditors."
Assistant Finance Director, City of Minnetonka, Minnesota

Combine the power of CCH ProSystem fx Engagement with:

CCH® ProSystem fx® Fixed Assets
Simplify your asset management and depreciation tasks with this easy-to-use solution, providing comprehensive data import and conversion capabilities. 
Learn More
CCH Axcess™ Knowledge Coach
Assess risk, while tailoring each audit to an organization's unique circumstances. The solution suggests procedures, increases the quality of the audit, and helps ensure under-or-over auditing is limited.
Learn More
CCH ProSystem fx Knowledge Coach
Deliver higher quality audits more efficiently, while complying with current AICPA Risk Assessment Standards to avoid common peer review deficiencies with a peer reviewed and patented on-premises audit solution.
Learn More
TeamMate Analytics for Audit
Deliver greater insight through deeper analysis. Use data analytics to inform planning, test against full data sets, spot hidden risks, and add credibility to your reports.
Learn More
Frequently asked questions

  • What are workpapers or work papers in accounting?

    Work papers, or workpapers, also known as audit documentation or working papers, are documents used by accountants and auditors to support the information and conclusions presented in financial statements. They provide a detailed record of the audit or accounting procedures performed.

  • What types of information are documented in accounting workpapers?

    Workpapers document a wide range of information, including trial balances, financial statement drafts, supporting schedules, analytical procedures, testing documentation, and any relevant communications with clients.

  • What role do workpapers play in audits?

    Workpapers are central to the audit process. They serve as evidence supporting the auditor's findings and conclusions. Auditors use workpapers to document the planning, execution, and results of audit procedures, ensuring a thorough and well-documented examination of financial statements.

  • How can I leverage Wolters Kluwer’s Knowledge-Based Audits (KBA) framework for my governmental audits?

    You can integrate CCH Axcess Knowledge Coach - Governmental Entities, which brings together a risk-based audit approach with up-to-date expert content anchored in the latest guidance and professional standards.

  • How can workpapers facilitate peer review?

    Workpapers are subject to peer review by other auditors or supervisors. Well-organized and comprehensive workpapers make it easier for reviewers to assess the quality of the work performed, understand the audit trail, and provide constructive feedback.

  • Are electronic workpapers accepted in audits?

    Yes, electronic workpapers are widely accepted and commonly used in modern accounting and auditing practices. Electronic workpaper management systems, such as CCH ProSystem fx Engagement, facilitate collaboration, version control, and ease of access during audits.

  • Is there a workpaper management software suitable for government organizations?

    CCH ProSystem fx Engagement provides the functionality and security required for government organizations. It is one of the commonly used solutions by accounting firms, making it easy for government accounting teams to collaborate with their external auditors and share binders with internal and external stakeholders.

  • Does CCH ProSystem fx Engagement enable a paperless approach?

    Yes, CCH ProSystem fx Engagement stores all documents electronically, allowing to reinforce data security, eliminate document misplacement, provide real-time collaboration, document version control, and more.

  • How to automate tasks with CCH ProSystem fx Engagement?

    Automate first-year engagements with customized binder templates. Roll forward an entire engagement with pre-defined workpapers and journal entry roll forward settings. Integration with CCH Tax products enables trial balance data to automatically update in the tax return if applicable.

Contact Us

Back To Top