CCH and AuditNet LLC Team Up to Provide Audit Programs to 60,000 CCH TeamMate Users Worldwide

14 April 2008

Wolters Kluwer Tax and Accounting, a leading provider of information, services and software solutions serving tax, accounting and audit professionals wordwide under the CCH brand name, today announced that it has entered into a strategic distribution agreement with AuditNet LLC (AuditNet), a leading Internet audit community and global resource for auditors. Under this agreement approximately 2,000 audit programs maintained on the AuditNet Internet site will be available at no charge to CCH TeamMate (TeamMate) users in the powerful TeamMate TeamStore format.

“Internal audit professionals worldwide will benefit from this distribution agreement between CCH and AuditNet,” said AuditNet President and Founder, Jim Kaplan, CIA. “The mission of AuditNet is to leverage the power of the Internet to benefit the audit profession and coupling one of the largest collections of audit programs in the world with TeamMate, the Industry’s leading Audit Management tool, will drive significant efficiencies into audit departments around the world.”

Over 60,000 auditors from more than 1,500 organizations worldwide use TeamMate to increase the efficiency and productivity of the entire audit process, including risk assessment; scheduling and timekeeping; workpaper preparation and review; report generation; and audit issue tracking. Customers include Fortune 100 and Fortune 500 corporations, small- and medium-size enterprises and government agencies.

The TeamMate suite consists of five key products that can be used independently or with other components of the suite. Those products are: TeamMate EWP, electronic workpaper system; TeamCentral, audit issues tracking; TeamRisk, risk assessment tool; TeamSchedule, advanced scheduling; and TeamMate TEC, time and expense tracking.

“AuditNet is recognized as one of the premier audit resources on the Internet today and we are very pleased to enter into this agreement which will drive unprecedented efficiencies into the audit planning process,” said Mike Gowell, vice president and general manager of CCH TeamMate. “There is a tremendous amount of knowledge contained in over 10,000 audit steps on the AuditNet web site, however sifting through this document-based content can be time consuming. By making this content available in CCH TeamMate TeamStore format, TeamMate users can search across thousands of audit steps and programs to instantaneously find and import exactly those steps they need into their audit.”

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