Navigating the Evolving World of Assurance Engagements with the OnPoint Suite

In today’s complex business environment, audit firms face the challenge of meeting increasingly diverse client needs while adhering to changing regulatory requirements. It’s also crucial for businesses and audit firms to embrace change. Integrating AI-embedded tools, automation and data analytics into the engagement process makes it more efficient and insightful. As clients demand more proactive and strategic advice, auditors must adapt by diversifying their service offerings, including supporting different engagement types.

Comprehensive solutions for diverse engagements

The OnPoint Engagement Suite leverages automation, visibility, collaboration and data analytics to provide a robust framework for managing different types of engagements. This comprehensive suite allows firms to design customized solutions that meet the specific needs of their clients, all within a single platform. Caseware is the only provider in the market that enables your team to perform end-to-end engagements with value at every step, from planning to financial statements, in a single platform.

Adopting any engagement solutions in Caseware’s OnPoint Engagement Suite offers value across the entire engagement lifecycle. All of its methodologies offer significant benefits, including:

Better quality

• Intelligent, guided workflows
• Risk-level auditing
• Dynamically generated content
• Adherence to standards
• Standardized pre-defined approach

More efficient

• Integrated logic
• Dynamic updates
• Data re-use reducing duplicate entry

More client value

• More reliable, compliant financial statements
• Better insights provided to client beyond audit
• Better, more efficient collaboration

Talent Retention

• More engaged, better trained staff
• Embedded guidance, standards and research capabilities
• Providing more strategic client value vs. mundane work

Specialized solutions for all engagement types

• Employee Benefit Plan (EBP) Audits: Ensures compliance with ERISA and DOL regulations, automates verification of financial statement accuracy and includes tools to assess internal controls over financial reporting.
• Preparations, Compilations, Reviews (PCR): Build templates according to firm protocols with industry-specific content from subject matter experts, ensuring consistent documentation and processes across all PCR engagements.
• Industry-specific audits: Offers tailored insights and solutions for various sectors, including regulatory and operational compliance modules, benchmarking tools and industry-specific risk identification.
• Other engagement types: One of the most straightforward and sought-after specialty audits includes SOC 1 and SOC 2 audits, which focus on evaluating the controls of IT systems to ensure they function as intended.

Together with our partners, customers and developers worldwide, we’re building the future of audit and accounting on the Caseware Platform. With a fully integrated technology stack tailored to our industry’s needs, we offer the most powerful, flexible and integrated platform on the market today. 

All OnPoint Engagement Suite Solutions are built on the Caseware Platform. By incorporating Caseware’s extensive platform capabilities with industry content, methodologies and compliance frameworks, we’re able to offer complete end-to-end engagement solutions, bringing to life a better quality, more efficient and more compliant engagement.

As the audit profession evolves, it is clear that auditing is no longer just about verifying financial statements. With OnPoint’s expansive support for various engagements, innovative methodologies, industry-specific content and cutting-edge technology, auditors can deliver strategic insights, manage risks proactively and add significant value to clients. 

By utilizing the OnPoint Engagement Suite, your firm can stay competitive, comply with evolving regulations and provide exceptional value to clients. This integrated solution supports a variety of engagement types, ensuring that you can meet diverse client needs and navigate the expanding landscape of audit engagements with confidence. Embrace the future of auditing with OnPoint and elevate your audit practices to meet the demands of today’s complex business world.