Thomson Reuters Global Resources

Thomson Reuters Global Resources Unlimited Company

Kathie Knapp

Marriette Louise Kershner

The present invention provides an accounting gateway for facilitating and effecting translation and efficient data transfer between an accounting system and a plurality of client systems operating a variety of external bookkeeping solutions. The gateway brokers data exchanges between an accounting firm and its clients by translating data records associated with a client bookkeeping solution and in an external format into a format for use by an accounting software at the accounting system, such as for generating reports, financial statements and other processes and uses. An accounting system communicates with one or more client systems via a communications link to import, export or access data records between the entities to enhance provision of professional services.

System and method for accounting gateway

The present invention provides a computer-implemented method for automatically generating and placing documents associated with a tax and accounting related engagement, for example assessing risks associated with an audit. A user is presented with a plurality of audit items and a set of risk levels associated with the audit items and may also be presented with a plurality of prompts designed to elicit a set of responses from the user. The set of user responses being associated with a set of risks associated with the audit. The set of risk levels being associated with a set of assertions associated with the audit items and may include first and second risk levels of different degrees. The method further includes processing a set of responses received from the user in response to the items presented. The method includes automatically generating a suggested audit approach that is based at least in part on the processed responses. The method further includes automatically generating documents associated with the suggested audit approach and placing the automatically generated documents within a predefined set of folders. The method may also determine a set of procedures that are based on the responses. The set of procedures are presented to the user based on the suggested audit approach.

Growing community of inventors

Dexter, MI, United States of America

Kathie Knapp