AuditFile and Wiley Extend Partnership
Companies Expand Wiley Content Offered Through AuditFile's Cloud-based, All-in-One Audit Program and Automation Platform
Walnut Creek, Calif. and Hoboken, N.J. - January 22, 2018 – AuditFile, Inc. and John Wiley & Sons, Inc. (NYSE: JWa, JWb) today jointly announced an extension of the partnership initiated in 2016, which will expand the Wiley content available from within the AuditFile platform. AuditFile's award-winning Pro Plus audit automation software now features the full suite of updated 2018 Wiley Advantage Audit programs and planning documents for industry-specific audits, reviews and compilations.
AuditFile customers can also opt to add the Wiley Practitioner's Guide to GAAS 2018 and Wiley GAAP 2018 guide to give users easy access to these comprehensive digital resources from within their AuditFile accounts. The Wiley Practitioner’s Guide to GAAS 2018 is the most up-to-date, easy-to-use and complete guide that covers all SASs, SSAEs, SSARSs, PCAOB auditing standards, and interpretations. Wiley GAAP 2018: Interpretation and Application of Generally Accepted Accounting Principles is a thorough study and analysis of all US Generally Accepted Accounting Principles (GAAP).
“This deepened commitment is a result of the overwhelmingly positive response we’ve seen from both our existing customer base and the market as a whole,” said David Pugh, SVP Professional Learning, John Wiley & Sons. “There is strong demand for a cloud-based solution that combines and automates the engagement methodology. We will continue to build on our success to date in order to strengthen and expand our joint offering.”
This spring, the companies plan to launch programs compliant with IFRS and international audit standards within the AuditFile platform. Going forward, they plan to continue to expand the content available within AuditFile to automate additional programs and give users access to Wiley’s expansive digital resources for the accounting profession.
Along with the 2018 programs, AuditFile recently released several new features designed to enhance the user experience and more tightly integrate Wiley’s content into the AuditFile platform, including automation of the Wiley Disclosure Checklist and the ability to easily create new workpapers from the Wiley practice aids inside AuditFile using the platform’s integration with Microsoft Office Online.
“We’re honored to partner with a company like Wiley that has such a long history and strong reputation within the profession,” said Gary Bong, CPA, a founder of AuditFile. “Based on the positive response from firms of all sizes, we see a real opportunity to move quickly to realize our shared vision of a completely automated and comprehensive solution for audit professionals.”
Wiley Advantage Audit is an easy to use, risk-based audit planning aid and audit program series, designed to help auditors comply with risk-based professional standards in a straightforward manner and simplify the work of their low-complexity audits. The cloud-based, all-in-one audit program and automation platform empowers firms of all sizes to work more efficiently and effectively from any browser or device.
AuditFile’s secure audit automation platform combined with Wiley Advantage Audit’s trusted series of audit guides gives practitioners all the tools needed to perform efficient, quality engagements profitably, including:
- Real-time audit progress tracking mapped to the chosen audit program through easy-to-read dashboards and real-time notifications;
- Industry-specific modules with risk-based planning tools, audit program, and sample client letters;
- Integrated workflow linking planning, programs, workpapers, and the trial balance in one complete solution;
- And automated planning tools for key areas such as risk management, materiality, internal controls, and ratio analysis, that flow through to applicable program areas.
AuditFile will offer the complete Wiley Advantage Audit programs as an integral part of its Pro Plus version. Pricing for a monthly subscription of Pro Plus starts at $149.
Founded by CPAs in 2001 AuditFile, Inc. delivered the profession’s first completely cloud-based audit automation solution to help firms of all sizes perform audits more efficiently and effectively. AuditFile is designed to give auditors a simple, yet sophisticated solution that combines workpaper and trial balance management, audit workflow, and methodology in an open platform that easily integrates with the firm’s existing programs and technology environment. For more information, visit www.auditfile.com.
Wiley, a global company, helps people and organizations develop the skills and knowledge they need to succeed. Our online scientific, technical, medical, and scholarly journals, combined with our digital learning, assessment and certification solutions help universities, learned societies, businesses, governments and individuals increase the academic and professional impact of their work. For more than 200 years, we have delivered consistent performance to our stakeholders. The Company's website can be accessed at www.wiley.com.
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