Audit System document and procedure updates
What’s New for October 2020?
The following items were updated in the Audit System October 2020 release:
- Updates to the ASA 540 (and ISA (NZ) 540 for NZ engagements) workpapers and all other associated workpapers.
- Updates to the ASRE 2410 workpapers and other associated workpapers.
Refer to the attached Content (October 2020) 1.3.pdf for the October 2020 update.
What would I do if I did not update in October 2019?
If you have not updated your engagement file to the October 2019 changes, it is recommended you review these first before proceeding with the October 2020 update.
Refer to the attached Content (October 2019).pdf for the October 2019 update.
What is the CWANZ Audit System Risk Library?
What is the Risk Library? The Risk library is a repository of all risks, controls and management letter points that originally was available on the CaseWare Risk Space website. Why do we need the Risk Library? The Risk library was always accessible ...
SMSF Audit letter and workpaper templates
With the assistance of our SMSF Audit content provider, we have developed the following letter and work papers templates for SMSF auditors to use - all are attached at the bottom of this FAQ. These template letters and work papers can be tailored by ...
How to Add a Reference to a Procedure within an Audit Program?
A 'manual reference' and/or a 'document reference' can be added to any procedure within the Audit Program. To add a reference to a procedure, open the Audit Program and complete the following steps: 1. Click anywhere in the row that contains the ...
Audit System Process Map.
Audit System flowcharts attached in this FAQ below illustrate the best step by step process to use our CaseWare Audit System Templates for an audit engagement. The process map below reflects an example of a flowchart of actions best followed for an ...
How to create a Combined Audit and Financials Engagement File?
To create a combined Audit and Financial Engagement File, follow the steps below. Prerequisites: A combined file can only be created if both the Audit Systems and Financial IFRS templates are installed. Audit Systems Template Financials IFRS Template ...