CohnReznick Selects the Integrated Audit Approach from Wolters Kluwer, to Support their Audit of the Future Strategy
October 23 2018 - 1:00PM
Business Wire
Wolters Kluwer Tax & Accounting today announced that
CohnReznick, a top U.S. accounting and advisory firm, has selected
its Integrated Audit Approach to deliver more efficient and
intelligent audit services to its clients across its 26 CohnReznick
offices. By implementing the Wolters Kluwer Knowledge Based Audit
methodology, CohnReznick is taking a meaningful step towards
achieving their “Audit of the Future” strategy.
“The Integrated Audit Approach from Wolters Kluwer will allow us
to develop a more efficient and intelligent audit that leverages
available technologies to enable the firm’s professionals to
enhance their focus on being trusted advisors, and for our clients
to continue benefiting from world class client service,” said
Robert G. Hilbert, CPA, Managing Partner, Assurance,
CohnReznick.
The Wolters Kluwer Integrated Audit Approach enables firms to
elevate how they perform audits and to transform the services they
offer. The Wolters Kluwer Integrated Audit Platform, delivers
against the AICPA risk assessment standards and can be purchased as
a whole or in modules. It includes:
- CCH® ProSystem fx® Knowledge Coach:
provides the full audit workflow for improved audit quality and
efficiency with capabilities that include linking procedures to
risks, real-time diagnostics and linkage of workpapers
- CCH® ProSystem fx® Engagement: an
end-to-end solution that combines workpaper manager, trial balance
manager and workflow tool into one integrated solution – with the
integration between Knowledge Coach and Engagement, firms are able
to continuously update their understanding of their clients, add
risks and dynamically update workpapers throughout the entire
engagement
- CCH® Accounting Research Manager: this
research tool provides results with meaningful context and
interpretive guidance linked with authoritative content
- TeamMate® Analytics: a suite of more
than 150 Computer Aided Audit Tools that allows auditors to easily
perform powerful data analysis to deliver significant value for
their team and clients
With a standard approach across its offices, CohnReznick will
make their processes more efficient today and become ready for
future adaptions to execute consistent quality audits that adhere
to AICPA standards.
“CohnReznick’s resolve to transition from a service provider to
a trusted advisor aligns with our purpose at Wolters Kluwer to help
professionals deliver deep impact when it matters most,” said Jason
Marx, CEO of Wolters Kluwer Tax & Accounting, North America.
“Being selected as a CohnReznick Audit solution provider is another
validation of the efforts we put behind our proven tax and
accounting solutions.”
About Wolters Kluwer
Wolters Kluwer is a global leader in professional information,
software solutions, and services for the health, tax &
accounting, finance, risk & compliance, and legal sectors. We
help our customers make critical decisions every day by providing
expert solutions that combine deep domain knowledge with
specialized technology and services.
Wolters Kluwer reported 2017 annual revenues of €4.4 billion.
The group serves customers in over 180 countries, maintains
operations in over 40 countries, and employs approximately 19,000
people worldwide. The company is headquartered in Alphen aan den
Rijn, the Netherlands.
Wolters Kluwer shares are listed on Euronext Amsterdam (WKL) and
are included in the AEX and Euronext 100 indices. Wolters Kluwer
has a sponsored Level 1 American Depositary Receipt (ADR) program.
The ADRs are traded on the over-the-counter market in the U.S.
(WTKWY). For more information about our solutions and organization,
visit www.wolterskluwer.com, follow us on Twitter, Facebook,
LinkedIn, and YouTube.
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YOUNG347-931-1055N.Young@wolterskluwer.com