CPA.com and CaseWare Launch Solution for Preparation, Compilation and Review Engagements

CPA.com and CaseWare International Inc. announced the commercial launch of OnPoint PCR, a smart, cloud-based solution that transforms how CPA firms conduct preparation, compilation and review engagements.

By integrating content and methodology into a leading technology platform, OnPoint PCR offers a unique opportunity for firms to enhance engagement quality and be more productive. The solution – a collaboration of CPA.com, CaseWare and the AICPA – offers a guided, smart process for practitioners, from drafting a customized engagement letter and report (where applicable) to documenting specific procedures, all designed to streamline engagements.

Today, more than 19,000 U.S. firms perform preparation, compilation and review engagements as their highest level of service.

“With OnPoint PCR, we can really help firms drive efficiency and add client value,” says Erik Asgeirsson, president and CEO of CPA.com. “The platform helps practitioners optimize engagements for each client, and these features will become even more powerful as OnPoint’s artificial intelligence capabilities evolve.”

OnPoint’s features include:

  • Guided engagements – The smart, interactive process eliminates unnecessary steps and facilitates compliance with standards
  • Integrated data – Simplifies data management and the import of client data, and reduces redundant data entry
  • Robust cloud platform – Real-time updates to data and built-in collaboration tools that eliminate the need for external programs, such as less-secure email

“A solution that includes intelligent checklists informed by AICPA technical guidance will help practitioners focus on adherence to standards and the firm’s quality control process,” says Susan Coffey, the AICPA’s executive vice president of public practice. “CPAs still must exercise professional judgment, and OnPoint supports proper documentation and promotes consistency and quality in engagements.”