AuditFile expands in-software Wiley content

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Cloud-based audit software provider AuditFile has extended its 2016 partnership with John Wiley & Sons, Inc., which provides education resources for accounting professionals. AuditFile’s Pro Plus audit automation software now offers the full suite of updated 2018 Wiley Advantage Audit programs and planning documents for industry-specific audits, reviews and compilations.

AuditFile users can also choose to add the Wiley Practitioner's Guide to GAAS 2018 and Wiley GAAP 2018: Interpretation and Application of Generally Accepted Accounting Principles guide inside AuditFile accounts. The former covers all Statements on Auditing Standards, Statements on Standards for Attestation Engagements, Statements on Standards for Accounting and Review Services, and Public Company Accounting Oversight Board auditing standards and interpretations, while the latter is a study and analysis of all U.S. GAAP.

Together, AuditFile and Wiley provide:

  • Industry-specific modules with risk-based planning tools, audit program and sample client letters;
  • Integrated workflow linking planning, programs, workpapers and the trial balance in one solution; and
  • Automated planning tools for areas such as risk management, materiality, internal controls and ratio analysis that flow through to applicable program areas.

Later this year, the companies plan to launch programs compliant with International Financial Reporting Standards and international audit standards within the AuditFile platform. Going forward, they plan to continue to expand the content available within AuditFile to automate additional programs and give users access to Wiley’s expansive digital resources for accounting.

AuditFile also recently released several new features to enhance the user experience and better integrate Wiley content with the AuditFile platform, including automation of the Wiley Disclosure Checklist and the ability to create new workpapers from the Wiley practice aids inside AuditFile using the platform’s integration with Microsoft Office Online.

“This deepened commitment is a result of the overwhelmingly positive response we’ve seen from both our existing customer base and the market as a whole,” stated David Pugh, senior vice president of professional learning at John Wiley & Sons. “There is strong demand for a cloud-based solution that combines and automates the engagement methodology. We will continue to build on our success to date in order to strengthen and expand our joint offering.”

“We’re honored to partner with a company like Wiley that has such a long history and strong reputation within the profession,” added Gary Bong, one of the founders of AuditFile. “Based on the positive response from firms of all sizes, we see a real opportunity to move quickly to realize our shared vision of a completely automated and comprehensive solution for audit professionals.”

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