September 16, 2014 — A new online information service has been launched by Wolters Kluwer to help accountants and finance professionals navigate the new UK GAAP accounting standards, the financial reporting framework that will become effective from 1 January 2015.
CCH Navigate GAAP http://navigate.cch.co.uk is an intuitive research tool and powerful search engine that delivers comprehensive and up-to-date information on the new UK GAAP accounting standards on a single web-based platform. To help users understand the complexities of the new standards, content from Wolters Kluwer’s CCH information service includes legislation, standards, commentary, model accounts and frequently asked questions. The service covers the Companies Act and SORPs, and Financial Reporting Council standards, including FRS102.
CCH Navigate GAAP is the first UK research platform from Wolters Kluwer that is integrated with CPD tracker technology to allow users to record all their reading and research for their Continuing Professional Development. It works on any device, providing access to information on a PC, tablet and smartphone.
“The changes to UK GAAP from next January are probably the biggest to impact the accounting profession for 30 years,” says Julia Penny, Wolters Kluwer’s UK Audit and Accounting Content Manager, and member of the ICAEW Financial Reporting Faculty Board.
“There is a danger that the changes will create a lot of extra work for accountancy practices and corporations, potentially causing spiralling costs and financial reporting errors.
"To prevent a new UK GAAP disaster will require good planning.”
CCH Navigate GAAP offers the following content from its online searches:
― Overview commentary: high level explanation of the topic
― Model accounts: example accounts using the various accounting frameworks
― Letters and forms: model engagement letters and similar items
― Standards and legislation: accounting standards, SORPs, legal and other similar requirements
― In-depth guidance: detailed explanation and commentary on how to apply the standards/legislation
― E-learning: audio/visual e-learning CPD modules, lasting about 15 minutes each
More information about a subscription to Wolters Kluwer’s CCH Navigate GAAP can be obtained by contacting firstname.lastname@example.org or calling 0844 561 8166.
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Notes to Editors
About Wolters Kluwer and CCH
Wolters Kluwer (http://www.wolterskluwer.com) is a market-leading global information services company. Professionals in the areas of legal, business, tax, accounting, finance, audit, risk, compliance and healthcare rely on Wolters Kluwer's leading information-enabled tools and software solutions to manage their business efficiently, deliver results to their clients and succeed in an ever more dynamic world.
Wolters Kluwer had 2013 annual revenues of €3.6 billion, employs approximately 19,000 people worldwide, and maintains operations in over 40 countries across Europe, North America, Asia Pacific and Latin America. Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands. Its shares are quoted on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1 American Depositary Receipt programme. The ADRs are traded on the over-the-counter market in the US (WTKWY).
Wolters Kluwer’s CCH brand (http://www.cch.co.uk) is the leading global provider of tax, accountancy and audit information, software and services. It has served tax, accountancy and business professionals since 1913. In the UK CCH provides online information, books, software, magazines, professional development and fee protection.
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