Pak Lau Professional Corporation is evaluating the feasibility of implementing paperless engagements. The amount of time consumed by employees to navigate through the physical files, the amount of office space used to store these files, and the employees' efficiency and professionalism are all factors Pak Lau Professional Corporation needs to consider. This report analyzes the benefits and the limitations of using paperless engagements, and how CaseWare Working Papers can overcome the existing limitations. The benefits of paperless engagements include: Cost savings compared to traditional engagements Improvements on employees' efficiency due to quicker access of information Reducing the amount of physical files and documents; hence, increasing office space The limitations of paperless engagements include: Complications involved when using computers as opposed to tangible paper Convenience of computer usage may insecure client's data and information However, two features of CaseWare Working Papers, a software designed for paperless engagements can overcome the above limitations: CaseView can simplify the process of using multiple software to produce and manage various documents for an engagement Creating supervisor passwords and defining access right levels permit access rights only to designated employees; therefore, effectively securing the client's data and information This report concludes that the benefits of using paperless engagements outweigh its limitations. CaseWare Working Papers has successfully demonstrated its ability to overcome the limitations of paperless engagements. Back to Table of Contents