Major Accounting Firm, Eide Bailly LLP, Selects Wolters Kluwer Tax & Accounting’s Audit Solutions

Top National CPA Firm Invests in Advanced Audit Technology
for Keeping Competitive Edge

(RIVERWOODS, IL, October 14, 2015) — Wolters Kluwer Tax & Accounting US today announced it has been selected by Eide Bailly LLP, one of the top 25 CPA and business advisory firms in the country, as its primary provider of advanced audit solutions. The firm of 1,600 professionals working in 27 offices in 12 states is expanding its audit capabilities with CCH® ProSystem fx® Engagement by implementing CCH® ProSystem fx® Knowledge Coach and CCH® Accounting Research Manager® (ARM) solutions to support its entire auditing staff.

Supported by a high-tech foundation of Knowledge-Based Audit (KBA) Methodology, Wolters Kluwer’s integrated audit approach focuses on auditor judgment to drive the overall audit process — not older, pre-defined checklist methods. KBA methodology improves risk-based audit quality and boosts overall efficiency.

“Wolters Kluwer’s audit solutions give us a greater opportunity to provide the most efficient audit process possible for our staff and clients while maintaining the high expectation of quality that is a pillar of our practice,” said Brian Bluhm, Director of Assurance Services for Eide Bailly LLP. “The integration capabilities of Engagement, Knowledge Coach and ARM allow for a direct linkage of decisions made in the planning and risk assessment process to the audit procedures performed. Not only do these solutions allow for a more efficient audit process, our ability to carry forward applicable information and documentation from one period to the next will be more effective.”

“This comprehensive solution package creates a powerful audit nerve center for large firms such as Eide Bailly as well as firms of all sizes,” said Dave Shalit, Vice President of Product Management, Tax & Audit Solutions, Wolters Kluwer Tax & Accounting US. “We’re providing our customers a distinct market advantage by helping them maximize efficiency by conducting higher quality audits while consistently staying on top of audit regulation and compliance changes.”

The industry award-winning CCH ProSystem fx Engagement solution is at the heart of Wolters Kluwer’s integrated audit approach. It stores workpapers, trial balance and audit programs in addition to making simultaneous updates across multiple integrated solutions. Some of its key features include:

  • Improved Efficiency — With its robust trial balance and simple workpaper automation, Engagement easily links both financial statements and tax returns to the trial balance.
  • Secure, Organized Data — Engagement’s intuitive, secure binder system enables users to effortlessly import, export, email and store PDF files.
  • Designed to support tax and audit workflow — Engagement is capable of integrating with CCH® ProSystem fx® TaxCCH Axcess™ Tax and CCH® Global fx, directly connecting the trial balance to each solution.

To learn more about how Wolters Kluwer’s advanced audit solutions supported by KBA Methodology can enhance firm auditing needs, please visit the CCH ProSystem fx Engagement online resource page and fact sheet.

About Eide Bailly LLP

Eide Bailly LLP is a regional certified public accounting and business advisory firm with diverse talents, industry experience and service specialties. Clients are served from 27 service centers in 12 states, including Phoenix, Ariz.; Boulder, Denver, Fort Collins, Golden and Grand Junction, Colo.; Boise, Idaho; Dubuque, Iowa; Norman, Oklahoma City and Tulsa, Okla.; Mankato and Minneapolis, Minn.; Billings, Mont.; Elko, Fallon, Las Vegas, Reno, Nev.; Bismarck, Fargo and Williston, N.D.; Sioux Falls and Aberdeen, S.D; Lehi, Ogden and Salt Lake City, Utah; and Spokane, Wash. As stated in the August 2015 issue of Inside Public Accounting, our Firm is the 19th largest CPA firm in the nation. Clients benefit from our core services of audit & assurance and tax, as well as our expanded services, including accounting services, cost segregation, employee benefits, enterprise risk management, financial services, forensic & valuation, health care reform, international services, risk advisory services, technology consulting, transaction services and wealth management.

About Wolters Kluwer Tax & Accounting US

Wolters Kluwer Tax & Accounting US (CCHGroup.com) is a leading provider of tax, accounting and audit information, software and services. It has served tax, accounting and business professionals since 1913. Among its market-leading solutions are The CCH® ProSystem fx® Suite, CCH Axcess™, CCH® IntelliConnect®, CCH® IntelliConnect Direct, CCH® Accounting Research Manager® and the U.S. Master Tax Guide®. Wolters Kluwer Tax & Accounting US is based in Riverwoods, IL. Follow us on Twitter @WKTAAUS_PR.

Wolters Kluwer Tax & Accounting US is part of Wolters Kluwer (www.wolterskluwer.com), a market-leading global information services company. Wolters Kluwer had 2014 annual revenues of €3.7 billion ($4.2 billion), employs approximately 19,000 people worldwide, and maintains operations in over 40 countries across Europe, North America, Asia Pacific, and Latin America. Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands. Its shares are listed on NYSE Euronext Amsterdam (WKL), on Bloomberg (WKL NA) and are included in the AEX and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1 American Depositary Receipt program. The ADRs are traded on the over-the-counter market in the U.S. (WTKWY).

AUTHOR

Wolters Kluwer Tax and Accounting

Wolters Kluwer Tax and Accounting is a leading provider of software solutions and local expertise that helps tax, accounting, and audit professionals research and navigate complex regulations, comply with legislation, manage their businesses and advise clients with speed, accuracy and efficiency. Wolters Kluwer Tax and Accounting is part of Wolters Kluwer N.V. (AEX: WKL), a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services. Wolters Kluwer reported 2016 annual revenues of €4.3 billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries and employs 19,000 people worldwide. Wolters Kluwer shares are listed on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1 American Depositary Receipt program. The ADRs are traded on the over-the-counter market in the U.S. (WTKWY).

All stories by: Wolters Kluwer Tax and Accounting