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ProSystem fx Knowledge Coach Passes AICPA Peer Review

(RIVERWOODS, ILL., March 18, 2010) – The comprehensive peer review for ProSystem fx® Knowledge Coach, the dynamic new risk-based audit workflow and management system from CCH, has been accepted by the AICPA’s National Peer Review Committee. This peer review was performed as a Supplement to Knowledge Based Audits of Commercial Entites (2009 edition). CCH, a Wolters Kluwer business is a leading provider of tax, accounting and audit information, software and services (CCHGroup.com).

Developed from the ground up by auditors, for auditors, ProSystem fx Knowledge Coach combines the industry-specific content and guidance of ProSystem fx Knowledge Tools with a dynamic audit workflow engine that dramatically streamlines the audit planning process and helps users efficiently manage an audit from beginning to end.

“Peer review is an important milestone for Knowledge Coach, because it confirms that not only is our content compliant with AICPA risk-based audit standards, but our processes for developing, presenting and utilizing this content in the Knowledge Coach application maintains and enhances this compliance,” said CCH Product Manager Mike Ritchie.

“Knowledge Coach is the first product of its kind – making the same kind of breakthrough in the audit realm that the first computer-based programs did for tax. As a result, we wanted to have it subjected to peer review, and we’re very gratified that it has been validated through that process,” Ritchie said.

About ProSystem fx Knowledge Coach

ProSystem fx Knowledge Coach is not just a planning tool, a workpaper generator or an audit workflow management tool. It’s all of these things and more, raising the bar on audit engagement management in the profession. It combines the industry-specific guidance from CCH’s world class knowledge based audit (KBA) tools and content titles with a powerful and dynamic audit workflow engine that guides auditors through the entire audit – from planning to final sign-off – in a thorough, dynamic and efficient manner. ProSystem fx Knowledge Coach integrates fully with ProSystem fx Knowledge Tools and ProSystem fx Engagement for robust paperless engagement workflow, streamlining the entire engagement process.

For More Information

For more information on ProSystem fx Knowledge Coach, click here to download Improving Audit Efficiency and Accuracy, a CCH White Paper; visit CCHGroup.com/knowledgecoach; or contact a CCH Sales Representative at 1- 800-739-9998.

About CCH, a Wolters Kluwer business

CCH, a Wolters Kluwer business (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 ProSystem fx® Suite, CorpSystem®, CCH® IntelliConnect™, Accounting Research Manager® and the U.S. Master Tax Guide®. CCH is based in Riverwoods, Ill.

Wolters Kluwer is a leading global information services and publishing company. The company provides products and services for professionals in the health, tax, accounting, corporate, financial services, legal, and regulatory sectors. Wolters Kluwer had 2009 annual revenues of €3.4 billion, employs approximately 19,300 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 quoted on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. Visit www.wolterskluwer.com for information about our market positions, customers, brands, and organization.

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