Today's Technology for Tomorrow's Firm.
Issue link: https://cpapracticeadvisor.epubxp.com/i/36891
ENGAGEMENT & TRIAL BALANCE Reviews For Your Firm CaseWare International Inc — CaseWare Working Papers 2011 2011 OVERALL RATING BEST FIRM FIT: Firms that are looking to gain significant efficiencies in their fi nancial reporting (no mat er the size of the fi rm). STRENGTHS • User interface & intuitive work- fl ow • Strong financial reporting module • SmartSync’s fast “real-time” collaboration POTENTIAL LIMITATIONS: • No web hosted version currently available SUMMARY & PRICING CaseWare Working Papers is a 800-267-1317 CONTINUED FROM PAGE 15 viding expert fi nancial IT staff that work with the fi rm. Additional services off ered by TFS include SAS 70 and SSAE16 audit assistance, process documentation, data analysis services and IT audit training options. Technical Financial full-featured product with a great fi nancial reporting package. T e system is best suited to a fi rm that is interested in streamlining their engagement processes, especially the fi nancial reporting process. Most fi rms will say they want to save time, but to realize the potential of this product, firms must be willing to invest time in the less busy times of the year to set up the product to their reporting specifi cations or license the GAAP or IFRS Financials Templates, which gets users up and running in a far shorter time while allowing them to set fi rm- wide standards. License pricing for accounting fi rms for CaseWare Working Papers is $500 for a single-user license. A license for up to fi ve users is $1,500. Addi- tional users can be added to the fi ve-user license for $290 per user. CaseView is included with Working Papers. Connector is an optional add-on to Working Papers, and is available for an extra $60 per user. T is license pricing refl ects the accounting fi rm dis- count. Licenses renew annually at 50% of license value. PRODUCT DELIVERY METHODS: ■ ✔ On-Premises ■ SaaS ■ Hosted by Vendor BASIC SYSTEM FUNCTIONS ENGAGEMENT MANAGEMENT WORKFLOW & COLLABORATION INTEGRATION/IMPORT/EXPORT HELP/SUPPORT Read the full review of this product exclusively online at www.CPAPracticeAdvisor.com/10290914 www.caseware.com eff ectively and accurately, while maintaining compli- ance with audit standards such as the PCAOB’s Audit Standard 5. Solutions www.tfsus.com IT-related controls testing can be one of the most challenging aspects of audit engagements, especially for smaller practices without extensive IT support. T at’s where Technical Financial Solutions comes in, off ering various services that aid professional fi rms during audits. The company’s primary focus is on testing of general controls, application controls and key reports, and it has developed a proprietary audit program that covers all four ITGC categories based on COBIT control objectives, as well as testing of A133 related controls. T rough TFS’ High Tech Act Audit Services, the vendor also off ers security frameworks that comply with HIPAA and the Health Information Technology for Economic and Clinical Health Act, including gap analysis and audit control testing, vulnerability assessment and management, and management reporting. TFS acts as a consulting partner on audits, pro- 16 August 2011 • www.CPAPracticeAdvisor.com AverQ www.averq.com Increasing regulatory oversight of audits has led to a greater demand for collaboration during audit processes, in order to ensure more comprehensive access to data by the audit fi rm. With the right tech- nologies assisting in this collaboration, fi rms can reduce many redundancies, increase effi ciency, and decrease defi ciencies and restatements. T e on-demand, web-based audit tools from AverQ provide an integrated financial audit management solution designed to allow auditors and their clients to work together more eff ectively using a secure, subscrip- tion-based service. Since the program is online, it allows for quick deployment and remote access to always-live data by both the audit fi rm and company, which aren’t available via traditional workpaper programs or the use of email and client portals. Additional benefi ts of AverQ include the ability to streamline knowledge transfer and training, and a more eff ective internal quality control process. As a result, AverQ allows firms to work more quickly, Amelio http://amelio.hkmpt.com T e Amelio system from HKMP Technologies provides an automated, web-based solution for cre- ating dynamically linked compliance forms and checklists, including forms created in-house or obtained from other content providers. With these enhanced checklists and forms, the system helps ensure reliable processes that are con- sistent and effi cient, and since it is an online applica- tion, its digital environment acts as a centralized storage and management location for all documents and data, thereby supporting a paperless engagement and allowing for simplifi ed reporting and data mining. Amelio’s management functions also off er auto- matic population of redundant data across all related forms, and provides multi-level and even form-specifi c user access security. T e system allows grouping of related forms using a unique, logic-based form design that allows forms to become adaptable to fi rm and client needs. Client collaboration features enable external users to fi ll out forms via a portal or via a secure email delivery and import utility.