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10 Steps to a Digital Practice in the Cloud, 2nd Edition by Bryan L. Smith, John H. Higgins

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14

Case Studies

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Clark Nuber P.S.: Leveraging Confirmation Software to Streamline the Audit Process

Firm Profile: Clark Nuber P.S., Bellevue, Washington

Contact: Peter Henley, Chief Information Officer

Offices: 1

Partners: 17

Staff Size: 160 (70 audit/60 tax/30 administrative)

Services: Traditional audit and tax services, very strong not-for-profit practice.

Software Platform(s): CCH ProFx Engagement for audits, GoSystem RS Tax (hosted), CCH Practice Management, SharePoint for document management and workflow processing. The focus of this case study is on the firm’s use of the Confirmation.com cloud-based software to automate the confirmation of cash, accounts payable, and accounts receivable balances in the audit process.

Background: Clark Nuber has taken an innovative approach to the audit confirmation process. As opposed to the traditional model of charging the audit team with responsibility for performing their own audit confirmations, the firm has implemented a centralized confirmation process. One individual, with a backup, is responsible for all confirmations and uses the Confirmation.com software. This is a classic example of the importance of “process” to leverage the power of the software tools. The auditors choose the accounts to confirm, and then administrative staff handles the process from there.

Confirmation.com is a Web-hosted system for processing payables, receivables, ...

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