The Latest News from the K2 Team

CCH Updates ProSystem fx Tax Application

CCH announced an update to ProSystem fx Tax will be available after 6:00 AM CDT on Sunday, July 23, 2017. The update process will begin at 10:00 PM CDT on Saturday, July 22, 2017. Please refer to the Release Notes for specific information. Release Notes will be available by end of business on Thursday, July 20, 2017.

Sage 50c Now Available with Office 365 Integration

Sage 50c
– formerly known as Peachtree Accounting Software – is now available with Microsoft Office 365 Business Premium bundled as part of the subscription offering. With this integration, Sage 50c users will have access to the essential tools they need – accounting, Excel, email, etc. – on virtually any device, from any location. Additionally, those companies that choose to take advantage of the Sage 50c/Office 365 bundle will likely save on their licensing costs. For more information, visit http://www.sage.com/us/sage-50-accounting/microsoft365. You can also check out a brief video introducing the bundled offering at http://tinyurl.com/sage50office365.



K2's Tommy Stephens Featured in Podcasts

K2 Enterprises shareholder Tommy Stephens has recently been featured in two podcasts produced by and available from the Pennsylvania Institute of Certified Public Accountants. The first – entitled The Great Big World of CPA Technology – addresses many of the leading technologies that accounting and financial professionals should consider implementing in their organizations. Some of the topics included in this session include mobility, security, Cloud Computing, document management tools, and virtualization. You can listen to this presentation by clicking here or by visiting www.picpa.org/articles/cpa-conversations.

The second – Replicating the Benefits of Data Analytics in Excel – addresses the issues professionals face when trying to use Excel as a business intelligence/data analytics too. It also explores some of the options available as add-ons to Excel to extend its’ functionality as a business intelligence data analytics tool. You can listen to this presentation by clicking here or by visiting www.picpa.org/articles/cpa-conversations.



Wolters Kluwer Enters Exclusive Agreement with Validis

Companies Join Forces to Launch CCH® Audit Accelerator to Help Automate the Audit Process

Wolters Kluwer Tax & Accounting announced on April 10, 2017 that it has signed an exclusive and strategic license with Validis Holdings Limited, a UK and US-based company known for its data extraction and analytics software used in the accounting and lending industries. The agreement will expand and complement Wolters Kluwer’s existing audit product portfolio with the launch of CCH® Audit Accelerator.

Validis for Accountants truncates the labor intensive, resource-draining data compilation and preparation process required before an audit can begin by extracting data directly from the client’s source accounting package. Using Wolters Kluwer’s CCH ProSystem fx Engagement’s import capabilities, customers are able to quickly import required reports that were automatically created by the client data captured by Validis for Accountants. With CCH® Audit Accelerator, auditors can save a significant amount of time on their audit by automating the data capture and automatic creation of the reports, and at the same time enhancing the client relationship and making it easier to review an engagement.
“Customers tell us that auditors spend anywhere from 20 - 48 hours gathering the data required for an audit, which often impacts their ability to keep all the engagements on schedule during busy season,” said Heffy Provost, EVP and General Manager of Wolters Kluwer Tax & Accounting North America, Mid/Large Segment. “The strategic alliance between Wolters Kluwer and Validis will help accelerate audit preparation so that customers can better focus on the audit itself, stay on track during busy season, keep staff engaged and enhance their client relationships – all of which are critical to continued success and higher quality audits.”

CCH® Audit Accelerator will be part of Wolters Kluwer’s Integrated Audit Approach, which focuses the audit process on auditor judgment, facilitating their ability to make informed decisions rather than using a tool that makes decisions for them. A unique approach that combines the dynamic content-driven tools of CCH® ProSystem fx® Knowledge Coach, the efficiency of CCH® ProSystem fx® Engagement and the comprehensive content of CCH® Accounting Research Manager®, the Integrated Audit Approach focuses on the areas of greatest risk to ensure the highest quality audit without over-auditing.

Max Pell, CEO of Validis, said: “We are tremendously excited about our new strategic partnership with Wolters Kluwer. We believe that by working together, we will transform the way in which audits are conducted today — removing the transactional non-value added work to allow auditors to focus on providing a higher level of insight and advice to their clients.”



2016 K2 Quality Award Winners are Announced

We are pleased to announce the winners of the 2016 K2 Quality Awards.  These awards are determined by a poll of the K2 Enterprises instructor team.  Their votes are influenced by end user feedback and experience from consulting and extensive teaching.

Click here to see the complete list of the 2016 winners.

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K2 Enterprises is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.