Cloud Audit Solution Boosts Firms' Productivity and Ability to Optimize Engagements
NEW YORK (Jan. 14, 2021) – CPA.com and CaseWare today announced a beta release of OnPoint Audit, an intelligent, cloud-based solution built to help accounting firms evolve the way they approach auditing. OnPoint Audit provides an efficient, guided workflow, reduces redundancies and supports real-time collaboration among team members and clients.
The beta release of OnPoint Audit is open only to select CaseWare Cloud and OnPoint A&A Suite customers, allowing these firms an early opportunity to move to complete cloud-only management of their audits. Firms that participate in this beta release will also have opportunities to work directly with the product development team and offer input as OnPoint Audit is refined.
“Today we have hundreds of firms leveraging cloud solutions we have developed with CaseWare, including OnPoint PCR and EBP,” said Erik Asgeirsson, president and CEO of CPA.com. “These current OnPoint solutions, while based on existing methodology, deliver a number of important enhancements and capabilities to firms. The release of OnPoint Audit is a positive step with our overall audit evolution goals and will complement the Dynamic Audit Solution (DAS) launching later in 2021.”
Like other OnPoint applications, OnPoint Audit is hosted on CaseWare Cloud and drives efficiency, quality, and value in business services and the audit process. OnPoint Audit relies on existing audit methodology. The DAS initiative, on which the AICPA, CPA.com and CaseWare are also collaborating, will deliver a significant, transformational methodology. The development of DAS, a critical milestone for the profession, remains on track with an initial commercial launch expected later this year.
“OnPoint Audit is a path forward for firms that may not need the transformational approach that DAS promises,” said Matt Dodds, CEO of CaseWare. “Yet it still delivers a more advanced audit solution that leverages the benefits of the cloud and a streamlined workflow.”
Among the benefits firms will realize upon OnPoint Audit’s release are:
- Smart content - Increase productivity, eliminate redundancy and reduce the risk of over/under auditing via tailored content
- Collaboration - Communicate anytime, anywhere with both your team and client
- Workflow – Streamline audits and gain efficiency through intelligent, guided workflows
- Update process - Quickly and effortlessly update engagement files
- Review tools - Visualize content changes to ensure changes are compliant
- Engagement management - Create dashboard visualizations of key data contained in the engagement files and track engagement status
- Integrated analytics – Generate sample sizes, select samples, test transactions and gather results, all without leaving the engagement file
- Automated financial statements – Produce compliant financial statements in just minutes
Existing CaseWare Desktop and OnPoint A&A Suite customers can request access to the beta release by going to cpa.com/onpoint-audit and completing a short form. Upon its full commercial release, planned for spring 2021, OnPoint Audit will become the latest product in the OnPoint A&A Suite, providing a comprehensive set of solutions to help accounting firms succeed in a digital world. To learn more about the OnPoint A&A Suite, please visit cpa.com/onpoint.
About CPA.com
CPA.com brings innovative solutions to the accounting profession, either in partnership with leading providers or directly through its own development. The company has established itself as a thought leader on emerging technologies and as the trusted business advisor to practitioners in the United States, with a growing global focus.
Our company’s core mission is to drive the transformation of practice areas, advance the technology ecosystem for the profession, and lead technology research and innovation efforts for practitioners.
A subsidiary of the American Institute of CPAs, the company is also part of the Association of International Certified Professional Accountants, the world’s most influential organization representing the profession. For more information, visit CPA.com.
About CaseWare
CaseWare International Inc. is the leading global provider of cloud enabled audit, financial reporting and data analytics solutions. With efficiency, quality and value in mind, CaseWare provides cutting-edge technology to accounting firms, businesses and government entities. Over 400,000 users, in 130 countries and in 16 languages, use CaseWare solutions.
