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Investing.com -- Wolters Kluwer (AS:WLSNc) Tax and Accounting (TAA) unveiled an enhanced version of CCH Validate on Monday, a cloud-native bank confirmation platform designed to transform audit workflows.
The next-generation platform offers audit professionals instant access to client-authorized data through a fully online solution. Built for speed, security, and intelligence, the system aims to deliver a more efficient audit experience.
"We’re offering a smarter, faster alternative to legacy confirmation tools burdened by manual bank responses and long wait times, helping firms mitigate delays and reduce the risk of costly audit failures," said Cathy Rowe, Senior Vice President, U.S. Professional Market, Wolters Kluwer Tax & Accounting North America.
The platform leverages blockchain technology to ensure tamper-proof assurance and enables complete bank statement retrieval from financial institutions worldwide. Users can access the browser-based interface and begin using the tool within minutes.
Key features include client-driven authorization that removes waiting for bank responses, a trial option before commitment, and a cloud-native architecture built for scalability and security. The system complies with SOC 1, SOC 2, ISO 27001, and audit industry standards.
Currently supporting U.S. firms, Wolters Kluwer plans to expand integration across platforms in Canada and the UK soon. The system provides a comprehensive audit trail stored in blockchain and eliminates potential fraud by removing human intermediaries from the response process.
The launch reflects Wolters Kluwer’s commitment to transforming audit workflows through automation and innovation, enabling professionals to deliver higher-quality results with greater efficiency.
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