Top National CPA Firm Invests in Advanced Audit Technology for Keeping Competitive Edge
Wolters Kluwer Tax & Accounting US today announced it has been selected by Eide Bailly LLP, one of the top 25 CPA and business advisory firms in the country, as its primary provider of advanced audit solutions. The firm of 1,600 professionals working in 27 offices in 12 states is expanding its audit capabilities with CCH® ProSystem fx® Engagement by implementing CCH® ProSystem fx®Knowledge Coach and CCH® Accounting Research Manager® (ARM) solutions to support its entire auditing staff.
Supported by a high-tech foundation of Knowledge-Based Audit (KBA) Methodology, Wolters Kluwer’s integrated audit approach focuses on auditor judgment to drive the overall audit process — not older, pre-defined checklist methods. KBA methodology improves risk-based audit quality and boosts overall efficiency.
“Wolters Kluwer’s audit solutions give us a greater opportunity to provide the most efficient audit process possible for our staff and clients while maintaining the high expectation of quality that is a pillar of our practice,” said Brian Bluhm, Director of Assurance Services for Eide Bailly LLP. “The integration capabilities of Engagement, Knowledge Coach and ARM allow for a direct linkage of decisions made in the planning and risk assessment process to the audit procedures performed. Not only do these solutions allow for a more efficient audit process, our ability to carry forward applicable information and documentation from one period to the next will be more effective.”
“This comprehensive solution package creates a powerful audit nerve center for large firms such as Eide Bailly as well as firms of all sizes,” said Dave Shalit, Vice President of Product Management, Tax & Audit Solutions, Wolters Kluwer Tax & Accounting US. “We’re providing our customers a distinct market advantage by helping them maximize efficiency by conducting higher quality audits while consistently staying on top of audit regulation and compliance changes.”
The industry award-winning CCH ProSystem fx Engagement solution is at the heart of Wolters Kluwer’s integrated audit approach. It stores workpapers, trial balance and audit programs in addition to making simultaneous updates across multiple integrated solutions. Some of its key features include:
- Improved Efficiency — With its robust trial balance and simple workpaper automation, Engagement easily links both financial statements and tax returns to the trial balance.
- Secure, Organized Data — Engagement’s intuitive, secure binder system enables users to effortlessly import, export, email and store PDF files.
- Designed to support tax and audit workflow — Engagement is capable of integrating with CCH® ProSystem fx® Tax, CCH Axcess™ Tax and CCH® Global fx, directly connecting the trial balance to each solution.
To learn more about how Wolters Kluwer’s advanced audit solutions supported by KBA Methodology can enhance firm auditing needs, please visit the CCH ProSystem fxEngagement online resource page and fact sheet.
About Eide Bailly LLP
Eide Bailly LLP is a regional certified public accounting and business advisory firm with diverse talents, industry experience and service specialties. Clients are served from 27 service centers in 12 states, including Phoenix, Ariz.; Boulder, Denver, Fort Collins, Golden and Grand Junction, Colo.; Boise, Idaho; Dubuque, Iowa; Norman, Oklahoma City and Tulsa, Okla.; Mankato and Minneapolis, Minn.; Billings, Mont.; Elko, Fallon, Las Vegas, Reno, Nev.; Bismarck, Fargo and Williston, N.D.; Sioux Falls and Aberdeen, S.D; Lehi, Ogden and Salt Lake City, Utah; and Spokane, Wash. As stated in the August 2015 issue of Inside Public Accounting, our Firm is the 19th largest CPA firm in the nation. Clients benefit from our core services of audit & assurance and tax, as well as our expanded services, including accounting services, cost segregation, employee benefits, enterprise risk management, financial services, forensic & valuation, health care reform, international services, risk advisory services, technology consulting, transaction services and wealth management.
About Wolters Kluwer Tax & Accounting US
Wolters Kluwer Tax & Accounting US ( CCHGroup.com) is a leading provider of tax, accounting and audit information, software and services. It has served tax, accounting and business professionals since 1913. Among its market-leading solutions are The CCH® ProSystem fx® Suite, CCH Axcess™, CCH® IntelliConnect®, CCH® IntelliConnect Direct, CCH® Accounting Research Manager® and the U.S. Master Tax Guide®. Wolters Kluwer Tax & Accounting US is based in Riverwoods, IL. Follow us on Twitter @WKTAAUS_PR.
Wolters Kluwer Tax & Accounting US is part of Wolters Kluwer ( www.wolterskluwer.com), a market-leading global information services company. Wolters Kluwer had 2014 annual revenues of €3.7 billion ($4.2 billion), employs approximately 19,000 people worldwide, and maintains operations in over 40 countries across Europe, North America, Asia Pacific, and Latin America. Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands. Its shares are listed on NYSE Euronext Amsterdam (WKL), on Bloomberg (WKL NA) and are included in the AEX and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1 American Depositary Receipt program. The ADRs are traded on the over-the-counter market in the U.S. (WTKWY).