CCH, a Wolters Kluwer business — ProSystem fx Engagement

Industry-specific checklists, audit programs, and practice aids are provided via the integrated modules Knowledge Tools and Knowledge Coach. These workpapers integrate seamlessly within the ProSystem fx Engagement environment. Knowledge Coach tailors workpapers based on the answers to interview questions, accumulates identified risks, automatically flows information between workpapers, provides a dynamic library for designing audit programs and signing off on steps, and displays pertinent diagnostics to ensure auditors sufficiently document their work. Research can be integrated using CCH’s Accounting Research Manager and IntelliConnect.

INTEGRATION/IMPORT/EXPORT:
ProSystem fx Engagement seamlessly integrates with the tax, research, write-up and other programs in the suite, allowing users to quickly aggregate and move trial balance data into the engagement system, as well as to move data back out into those programs as necessary. Reports and financials can be saved to various formats, including PDF, Word and Excel, and can also be shared with clients and third parties via CCH’s portals or via email. Limited direct integration with third-party systems is available.

HELP/SUPPORT:
The program’s Help utility offers index-based assistance, while more extensive audit-based guidance can be found using the built-in Knowledge Tools and Coach modules, which provide contextual interpretive guidance and links to original pronouncements online. CCH’s website provides additional support options, including flash demos, training and consulting information, and whitepapers. Live support is included in system pricing.

SUMMARY & PRICING
CCH’s ProSystem fx Engagement provides advanced workflow and collaboration features key to modern audit engagements. Additional automation and management tools further streamline workpaper management processes. Extensive integration with other systems in the CCH ProSystem fx Suite, including the vendor’s new SaaS-based programs, provides valuable added benefit in acquiring data and maintaining accuracy. Pricing starts at about $1,400.

2010 OVERALL RATING: