Wolters Kluwer Tax & Accounting today announced that Pattillo,
Brown & Hill LLP, one of the oldest and most respected
accounting firms in the Southwest, has further strengthened their audit
capabilities by adding TeamMate
Analytics to their Wolters Kluwer Integrated Audit Platform
implementation, which already includes CCH®
ProSystem fx® Knowledge Coach, CCH®
ProSystem fx® Engagement, and CCH®
Accounting Research Manager.
“Having this complete toolkit enables us to constantly reassess risk and
update our understanding of the client, knowing that changes flow
smoothly throughout the binder and will be saved and rolled forward into
the next fiscal year,” said Paula Lowe, CPA, and Partner at Pattillo,
Brown & Hill LLP. “By adding TeamMate Analytics, we will improve the
value we bring to our clients with our advanced ability to test a larger
number of transactions while focusing on assessed risks.”
TeamMate Analytics offers over 150 tools specifically designed to meet
the analytical needs of CPA firm auditors and accountants to help them
run analytics and, more importantly, interpret the results. These easy
to use tools are Microsoft Excel-based, support analytic testing with
configurable modules that automate audit tests, provide visualization of
results, and offer an in-depth test library with guidance on how to
interpret test results. Users range from sole practitioners to Big 4
accounting firms in more than 70 countries worldwide, with departments
that have one auditor to departments with more than 100.
“We will now be able to focus on the risky transactions rather than a
simple random sample, giving us the confidence that we’ve identified and
tested for any assessed risks. In addition, the ability to drill down on
a population of transactions and quickly identify red flags with just a
few clicks will save our auditors significant time,” added Kent Willis,
CPA and Audit Supervisor at Pattillo, Brown & Hill LLP.
Kluwer Integrated Audit Approach enables firms to elevate their
audit process and to transform the services they offer to their clients.
The Integrated Audit Platform delivers against the AICPA risk assessment
standards and can be purchased whole or in modules. It includes TeamMate
Analytics and the following award-winning Wolters Kluwer solutions.
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
ProSystem fx® Engagement is an end-to-end solution that combines
workpaper manager, trial balance manager, and workflow tool into one
integrated solution. The integration between Knowledge Coach and
Engagement enables firms to continuously update their understanding of
clients, add risks, and dynamically update workpapers throughout the
Accounting Research Manager is a research tool that provides
results with meaningful context and interpretive guidance linked with
“Our unique audit approach helps firms produce higher quality audits and
improves their efficiency through dynamic, iterative processes and tools
that encourage auditor judgment and continual learning,” said Jim
McGinnis, Executive Vice President and General Manager of Medium and
Large Firm Segment at Wolters Kluwer Tax & Accounting North America.
“Firms using the Wolters Kluwer Integrated Audit Approach are realizing
that they can do more with the same — or even fewer — resources.”
Visit us at booth #309 during the 2019
AICPA Engage Conference to learn more about the award-winning
portfolio of tax, accounting, and audit solutions from Wolters Kluwer.
Make sure you don’t miss “The
Power of Data to Strengthen Your Audit Practice” presentation taking
place on June 11 and led by our integrated audit expert Cathy Rowe, CPA,
CA and Director of Accounting and Audit Product Management at Wolters
Kluwer Tax & Accounting.
About Wolters Kluwer Tax & Accounting
Kluwer Tax & Accounting is a leading provider of software
solutions and local expertise that helps tax, accounting, and audit
professionals research and navigate complex regulations, comply with
legislation, manage their businesses and advise clients with speed,
accuracy, and efficiency.
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.
Wolters Kluwer reported 2018 annual revenues of €4.3 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).