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CCH Enriches ProSystem fx Knowledge Coach with Support of Single Audits, and More

New Features, Functionality Also Introduced to ProSystem fx Engagement

(RIVERWOODS, ILL., August 24, 2010) – CCH’s ProSystem fx® Knowledge Coach now supports Single Audit engagements, with the latest product update and release of the new Knowledge-Based Single Audits KBA title. CCH is a leading provider of information, software and services (CCHGroup.com) and part of Wolters Kluwer Tax & Accounting, the world’s leading tax and accounting provider.

“Already in 2010, Knowledge Coach was awarded The CPA Technology Advisor’s Innovation Award, and was honored by Accounting Today as the 2010 Top New Product in the audit software category,” notes Product Management Director Mike Ritchie. “We just keep advancing on this leadership with new content, features and functionality. Expanding the reach of Knowledge Coach to support the risks unique to single audits, like program level and compliance requirement risks, is a big deal to professionals who do these types of audits,” Ritchie adds. “Users can now handle these unique risk types and workflow using the same powerful tools that have been in Knowledge Coach since we launched it last year.”

Expanded Industry-specific Knowledge-Based Audit Titles Available

The Single Audit addition further expands the breadth of coverage and functionality Knowledge Coach provides. With this release, Single Audit workpapers can be added to a binder along with workpapers from another Knowledge Coach title, or as a single title in a binder. The Knowledge Coach risk pane will display both single audit and financial statement audit risk summaries.

Additionally, new features for ProSystem fx Engagement have also just been released, including integration with ProSystem fx Document (SaaS), allowing users to send workpapers from the Engagement binder to the SaaS release of Document. The new release of Engagement also supports the 32-bit release of Microsoft 2010 and several additional SQL and Windows Server versions.

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 the leading global 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 (www.wolterskluwer.com) is a market-leading global information services company. 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.

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