Caseware Unveils Market-Leading Group Audit and Analytics Capabilities at CwX UK 

New Cloud Audit features enable seamless management of complex group engagements and embed advanced data analytics into everyday audit workflows 

Caseware™, a global leader in AI-powered and cloud-enabled audit, financial reporting and data analytics solutions for accounting professionals, today announced two major enhancements to its Cloud Audit platform at CwX UK, its flagship global thought leadership event. The releases deliver critical capabilities for audit firms managing complex group structures while embedding advanced data analytics directly into standard audit procedures. 

Transforming Group Audit Management 

Caseware’s new Group Audit and Central Planning functionality enables firms to manage parent and component audits within a single cloud engagement for the first time.Engagement leaders can now assign, track and consolidate risks, controls and procedures across group structures without duplicating work or relying on disconnected files.

Key capabilities include: 

-Group Audit in One File: Manage parent and component audits within a single cloud engagement. 

-Common Work Areas: Identify and share common risks, controls and procedures with component auditors. 

-Performance Materiality by Component: Document and track performance materiality thresholds for each component. 

-Copy Files to Subsidiary Entities: Automated file copying speeds up setup across group structures. 

-Enhanced Central Planning: Centralised risks, controls and procedures that can be adapted and reused across engagements. 

The functionality, aligned with ISA 600 requirements, addresses one of the largest gaps in cloud audit adoption: support for group and consolidated audits. It is included as part of Caseware’s base Cloud Audit offering, providing a compelling migration incentive for firms still using desktop solutions. 

Embedding Advanced Analytics into Audit Workflows 

Caseware also announced its Mercia Summer Update, which embeds advanced data analytics (ADA) procedures directly into work programmes for the first time. Instead of ADA being an optional overlay, auditors now see specific linked Caseware ADA tests integrated into their standard audit workflow. 

With more than 350 individual analytics tests available, ADA procedures span critical audit areas including: 

  • Trial Balance and Journals: Tests for high-value entries, rounded amounts, related party summaries, duplicates and unusual items. 
  • Income, Debtors, Creditors and Expenditure: ADA procedures across core audit datasets. 

  • Directors and Related Parties: Tests for identifying unusual related-party transactions. 

According to Simon Warren, managing director of Caseware UK, “These releases represent a fundamental shift in how firms approach complex audits. We’re not just matching desktop functionality – we’re surpassing it. Group Audit gives engagement leaders unprecedented visibility and control across multi-entity structures, while our embedded ADA approach makes advanced analytics part of everyday audit rather than optional extra work.” 

Dave Rowley, technical consultant/author, Mercia UK added, “Mercia and Caseware are kindred spirits, and we value our strong strategic partnershipCaseware aspires to deliver meaningful change – helping professionals to work more efficiently and with greater insight. At Mercia, we too aim to help people to do the right business in the right way. There is strong alignment there with both organisations focused on making the audit process high quality, leveraging technology to deliver the best possible outcomes.  

The integrated approach normalises ADA usage by making analytics a standardized part of audit programmes rather than leaving them as optional extras, helping auditors detect anomalies faster while reducing manual testing and enhancing audit quality. 

Both the Group Audit and Central Planning functionality and the Mercia Summer Update with embedded ADA are available now as part of Caseware Cloud Audit for UK firms, with Irish and specialist solutions to follow. 

Announced at CwX UK 

Both releases were unveiled at CwX UK, taking place on October 14 in London. CwX is Caseware’s flagship global experience. More than a conference, it’s a strategic platform designed to unite top firms, industry authorities and technology pioneers. With a focus on cloud adoption, AI-driven workflows and digital transformation, CwX brings together leaders, innovators and influencers from across the profession to exchange ideas, showcase transformative technologies and shape the future direction of accounting and audit – underlining Caseware’s commitment to powering trust in the global economy.  

CwX Germany took place on September 11, while CwX APAC and CwX Netherlands are scheduled for November 13 and 25 respectively  

The post Caseware Unveils Market-Leading Group Audit and Analytics Capabilities at CwX UK  appeared first on Accounting Insight News.

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By: Caseware
Title: Caseware Unveils Market-Leading Group Audit and Analytics Capabilities at CwX UK 
Sourced From: www.accountex.co.uk/insight/2025/10/15/caseware-unveils-market-leading-group-audit-and-analytics-capabilities-at-cwx-uk/
Published Date: Wed, 15 Oct 2025 09:43:31 +0000


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