CPA.com, the technology subsidiary of the American Institute of CPAs, and audit software vendor CaseWare International have announced a cloud-based solution for preparation, compilation and review engagements.
Called OnPoint, the solution will be available in early 2018, and incorporates checklists, information from AICPA technical guides and more to make these engagements more efficient, and to increase collaboration between accountants and their clients.
Features include: intelligent checklists that guide practitioners step by step through the engagement process; the ability to securely share files between accountants and clients; integration with AICPA technical guides; the ability to update financial statement data and footnotes with a single click; and dedicated on-boarding support for firms through CPA.com.
“Technology is reshaping the accounting practice, and the next big area to be transformed by automation, artificial intelligence and other innovation is audit and attest services,” said CPA.com president and CEO Erik Asgeirsson, in a statement. “OnPoint is geared toward the more than 20,000 firms that provide preparation, compilation and review services. This solution, which uses dynamic checklists to structure and manage engagements, will help CPA firms deliver the highest level of service to clients.”
“The marketplace is moving toward automated services faster than most practitioners recognize,” said CaseWare CEO Dwight Wainman in a statement. “OnPoint offers all the advantages of an intelligent solution, but also has the added benefit of integrating with the AICPA’s highly regarded technical guides. That’s difficult to match.”
The companies also announced that they are working on a broader audit solution.
For more information on OnPoint, e-mail email@example.com.
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