A key component of Engagement CS is providing completely electronic management of all client workpapers and the ability to share and co-work with these resources across multiple staff environments. The system’s intuitive interface further aids management users, providing total control over every engagement and helping ensure accuracy. The program includes advanced security, reporting and diagnostic tools, and has the ability to quickly import trial balance data. Engagement CS also integrates with PPC audit and risk assessment tools.
“We nominated Engagement CS for an Innovation Award because it does set the standard in the profession, supporting a completely paperless engagement process and ensuring compliance at all levels,” stated Teresa Mackintosh, CPA.CITP, Senior Vice President at the Tax & Accounting business of Thomson Reuters. “With ever-changing audit standards, we are diligent in enhancing Engagement CS to make compliance as easy for our users as possible. Supporting seamless integration with PPC SMART e-Practice Aids is one example of our commitment to product excellence.”
Thomson Reuters — PPC SMART e-Practice Aids – Risk Assessment
As a part of the PPC e-Tools suite, SMART e-Practice Aids – Risk Assessment is designed to give professional accountants access to electronic versions of PPC Guides, including specialty-focused guides for estates and trusts, auditors, employee benefit plans, financial institutions, governments, nonprofits, valuations and dozens of others.
Providing editable Microsoft Word and Excel versions gives users enhanced productivity features during completion and review, including customizable engagement templates and automated entry of common engagement information. Built-in formulas also aid in user efficiency, and tick marks are available that work on all Word and Excel documents.
The program offers links into professional standards and PPC guidance, reporting of audit program changes, one-click signoffs for programs and checklists and highlighting of unsigned audit program steps. Quick-fill features speed data entry for confirmations and client letters, while collaboration tools enable sharing of key documents.
“It is an honor that PPC SMART e-Practice Aids – Risk Assessment was recognized with a Technology Innovation Award, as this product has transformed the way in which auditors across the United States have implemented the AICPA Risk Assessment Standards,” said Jim Reeves, Senior Vice President of New Product Development at the Tax & Accounting business of Thomson Reuters. “The integration between PPC SMART e-Practice Aids and Engagement CS is a wonderful example of how our products and services work together to provide a full range of solutions for tax and accounting professionals.”
In addition to these winners of the 2008 Tax & Accounting Technology Innovation Awards, Honorable Mentions were presented to Avalara for its AvaFile program, CPA Service Group for the Disclosure & Reporting Manager, and Thomson Reuters for GoFileRoom ES. These technologies were recognized for possessing significant innovative potential.