Challenges in Work Paper Management

Current work paper management solutions are inadequate for accounting firms, with emphasis on the lack of an elegant system for marking up documents and creating references. The speaker reflects on the historical practices for document management and the clumsiness of cloud editing tools, stating that no solution has yet provided a satisfactory experience for accounting tasks. Traditionally preferred practices utilized local drive syncing, allowing for easier access and editing of files, but modern needs demand more sophisticated tools that can also integrate with current technology. As a result, many accountants find themselves struggling with outdated platforms like CCH Engagement, which fail to meet the modern demands of document management despite being the only option for those accustomed to its legacy capabilities.