Wolters Kluwer Tax & Accounting (TAA) has launched a major upgrade to its CCH Axcess Audit suite, introducing a suite of advanced features designed to transform professional audit processes.
This latest iteration of the cloud-based platform promises to deliver improved efficiency, accuracy, and integration across various auditing functions.
The newly expanded CCH Axcess Audit integrates seamlessly with other CCH Axcess modules, enabling firms of all sizes to streamline their engagements and reduce manual data entry, the company said.
This upgrade aims to streamline engagements by reducing manual data entry, minimising errors, and synchronising data in real-time.
The technological advancements in CCH Axcess Audit add agility and cohesion to audit projects.
This platform’s integration capabilities allow for a seamless connection with tax preparation, time and billing, practice management, workflow optimisation, and client collaboration tools.
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By GlobalDataThis integration offers better data insights and smoother processes.
Wolters Kluwer TAA US Professional Market senior vice president and segment leader Cathy Rowe said: “With CCH Axcess Audit, we are igniting a transformation in how professionals approach auditing.
“Our platform empowers firms to embrace agility and innovation, allowing them to focus on delivering exceptional value to their clients while maintaining the highest standards of accuracy and compliance.”
The latest release of CCH Axcess Audit introduces features such as trial balances with multi-tier consolidations, in-depth reporting, standardised data ingestion, and automated ratio analysis.
These enhancements include a migration to CCH Axcess Engagement.
The platform now includes integrations with TeamMate Analytics and TeamMate Document Linker, providing a data-driven approach to scanning documents and linking evidence.
The Modern Native Cloud feature allows for multi-user access in real-time, with limited offline document editing capabilities, the company added.
CCH Axcess Knowledge Coach is redefining auditing with a risk-based approach, supporting audits of all sizes and offering a full range of industry titles.
Its features are integrated with CCH Axcess Engagement, allowing for dynamic updates throughout the audit process.
Additionally, CCH AnswerConnect now incorporates Generative AI (GenAI) to enhance its natural language question and answer (Q&A) function.
The expansion of TAA’s influence into audit workflows includes more data extraction options and new workflows for employee benefit plan audits.
New marketplace additions such as AuditMiner and Finagraph back the platform’s data-driven approach.
The software is also designed to standardise, optimise, and automate processes, creating an engagement management and risk-based methodology that streamlines procedures from secure confirmations to final reporting.
