PWC HAS SIGNED a deal with IT company CCH which will see the Big Four firm help clients convert their financial statements into a new IT format using CCH software.
On 1 April 2010, HM Revenue & Customs required all corporate tax returns, and other accounts information, to be filed online using tagging software iXBRL.
Jon Rowden, PwC’s UK XBRL leader, said: “We selected this software as it met our requirement to be user-friendly and because it produces intuitive review documents that we expect our clients will find relatively easy to understand.”
CCH provides tax software to the profession and is part of information provider Wolters Kluwer.
Simon Crompton, managing director of CCH Software, said: “The agreement between PwC and CCH provides an opportunity for companies themselves to handle the production of iXBRL-tagged sets of accounts with PwC and CCH support. PwC will provide corporate organisations with consultancy and tuition on moving iXBRL accounts preparation in-house. CCH will train the PwC teams and help promote the use of its software.”
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