Newly appointed Caseware CEO ranks audit transformation as a top priority.
New York, NY (Jan. 13, 2025) - CPA.com, the business and technology subsidiary of the AICPA, announced today the latest updates to its Dynamic Audit Solution (DAS) initiative, including enhanced capabilities, expanded industry content and the appointment of a new chief executive officer at its technology partner Caseware.
DAS, which is powered by a transformative methodology developed by the AICPA in partnership with audit professionals from leading firms, reimagines the audit process with a data-driven, iterative, tailored-in approach that enhances efficiency and promotes a higher quality audit. DAS is built on the Caseware Cloud platform and is the profession’s most advanced and only fully integrated, end-to-end, cloud-based audit solution on the market.
Caseware appoints new CEO with strong technology and accounting industry background
Caseware, a global leader in cloud audit, assurance and financial reporting and data analytics, is committed to driving audit transformation and today announced the appointment of David Marquis as its new CEO. David joins Caseware after five years at Intuit, where he led the international division including Canada, Australia, the UK and other non-U.S. markets. In their statement, Caseware highlighted the DAS initiative and audit transformation as a top focus area where they continue to demonstrate deep innovation and investment. They also recognized the contributions of their departing CEO David Osborne.
Erik Asgeirsson, CEO of CPA.com, commented on the transition: “David Osborne was a key partner to us in getting DAS launched, and he leaves things well positioned at Caseware for its continued success. I am very much looking forward to advancing the next phase with David Marquis who has a great understanding of the accounting profession along with a deep background in emerging technologies and product strategies. I’m also thrilled with David Marquis’ overall excitement related to the transformative DAS initiative which he shared with me in a recent discussion.”
DAS capability enhancements
As firm adoption of DAS continues to accelerate, the latest updates further support auditors in enhancing the efficiency, quality and client value of financial statement audits.
Recent DAS releases have expanded capabilities to address current auditor needs within the platform and build out key foundational elements to allow for even more enhanced technologies in the coming months, including:
- Newly supported industries. Industries added at the end of 2024 include technology, real estate, dealerships, depository and lending institutions, investment companies and insurance. Additional industry content for state and local governments will be released in the coming months. DAS’s tailored content by industry eliminates irrelevant procedures and supports auditors with tools aligned to unique industry requirements.
- Central Planning. Central planning eliminates redundancy and optimizes workflows for audits that involve multiple engagements by allowing risk assessments and responses to risks to be managed from a central entity. This feature also provides auditors the flexibility to modify elements of the individual entities to further streamline workflows.
- Testing. This release also upgrades the journal entry testing tool, making it simpler to work with existing tests, create new custom tests for specific needs, and link tests to specific risks.
In addition to DAS’s robust capabilities, CPA.com effectively supports firm adoption readiness, providing comprehensive implementation consulting, training and migration services to support firms through the entire audit transformation journey.
Firm adoption
Adoption of DAS continues to accelerate, with many T100 firms now on a path to full migration. Feedback has been overwhelmingly positive, with firms highlighting enhanced efficiency and quality, staff engagement and upskilling, implementation training and the flexibility to use “out of the box” or as a customized solution as key benefits.
For more information on the Dynamic Audit Solution and recent updates, visit cpa.com/DAS.
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. The 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.
