CPA.com and CaseWare Announce OnPoint Audit Beta Release

CPA.com and CaseWare have announced a beta release of OnPoint Audit, an intelligent, cloud-based solution built to help accounting firms evolve the way they approach auditing. OnPoint Audit provides an efficient, guided workflow, reduces redundancies and supports real-time collaboration among team members and clients.

The beta release of OnPoint Audit is open only to select CaseWare Cloud and OnPoint A&A Suite customers, allowing these firms an early opportunity to move to complete cloud-only management of their audits. Firms that participate in this beta release will also have opportunities to work directly with the product development team and offer input as OnPoint Audit is refined.

“Today we have hundreds of firms leveraging cloud solutions we have developed with CaseWare, including OnPoint PCR and EBP,” said Erik Asgeirsson, president and CEO of CPA.com. “These current OnPoint solutions, while based on existing methodology, deliver a number of important enhancements and capabilities to firms. The release of OnPoint Audit is a positive step with our overall audit evolution goals and will complement the Dynamic Audit Solution (DAS) launching later in 2021.”

Like other OnPoint applications, OnPoint Audit is hosted on CaseWare Cloud and drives efficiency, quality, and value in business services and the audit process. OnPoint Audit relies on existing audit methodology. The DAS initiative, on which the AICPA, CPA.com and CaseWare are also collaborating, will deliver a significant, transformational methodology. The development of DAS, a critical milestone for the profession, remains on track with an initial commercial launch expected later this year.

“OnPoint Audit is a path forward for firms that may not need the transformational approach that DAS promises,” said Matt Dodds, CEO of CaseWare. “Yet it still delivers a more advanced audit solution that leverages the benefits of the cloud and a streamlined workflow.”

Among the benefits firms will realize upon OnPoint Audit’s release are:

Smart content – Increase productivity, eliminate redundancy and reduce the risk of over/under auditing via tailored content
Collaboration – Communicate anytime, anywhere with both your team and client
Workflow – Streamline audits and gain efficiency through intelligent, guided workflows
Update process – Quickly and effortlessly update engagement files
Review tools – Visualize content changes to ensure changes are compliant
Engagement management – Create dashboard visualizations of key data contained in the engagement files and track engagement status
Integrated analytics – Generate sample sizes, select samples, test transactions and gather results, all without leaving the engagement file
Automated financial statements – Produce compliant financial statements in just minutes

Existing CaseWare Desktop and OnPoint A&A Suite customers can request access to the beta release by going to cpa.com/onpoint-audit and completing a short form. Upon its full commercial release, planned for spring 2021, OnPoint Audit will become the latest product in the OnPoint A&A Suite, providing a comprehensive set of solutions to help accounting firms succeed in a digital world. To learn more about the OnPoint A&A Suite, please visit cpa.com/onpoint.