This document will highlight some of the changes in CaseWare Working Papers 2019.00.227. For more detailed information on the changes, please refer to CaseWare Working Papers online help

CaseWare Working Papers

• CaseWare customer experience improvement program: We collect data usage to help us better understand the user journey in our software to drive the development of high-value features and fixes. We do not collect personally identifiable information or client data and we will not use any data for marketing purposes.
  

• Working Papers now integrates with Cloud's Queries feature. By linking Queries to your engagement file, your organisation can collaborate with clients on the engagement directly from Working Papers. 
  

• Issues can now be assigned multiple issue types. Assign all applicable issue types to further define an issue's criteria and improve discoverability when searching for issues with a filter.
  

• Link multiple documents simultaneously when adding a document reference to automatic documents, images and PDFs, or Microsoft Office documents, rather than one at a time.
  

• SmartSync Server parent files can now be renamed from Working Papers using a local sync copy. Before you can rename a parent file, all other staff must delete their sync copies first, otherwise it will be abandoned.
  

CaseView

• Added the CVIDEA cell function. Use this function to display information from a CaseWare IDEA .imd file in your document. If the .imd file is modified, any linked documents will automatically update.
  

• Improved the functionality of lists in CaseView. You can now create multi-level lists with customised settings for each list level, including the option to alternate between bulleted and numbered lists. After customising a multi-level list, you can save it for reuse in CaseView documents.
  

• You can now apply or remove multiple Rounding Relations simultaneously, rather than one-by-one. In the Rounding dialog, select multiple relations in the Relation List and click Apply This Relation to toggle between applied and removed.
  

Tracker

• Perform a year-end close and roll forward on one or multiple local files directly from Tracker. Performing a bulk year-end close enables you to generate multiple new files for the next year simultaneously.
  

• You can now compress and uncompress SmartSync Server parent files from Tracker.
  

• Added confirmation dialogs when selecting the following commands to prevent accidental modifications to SmartSync Server files:
  

• Abandon all sync copies
  

• Abandon specific sync copies
  

• Clear synchronisation info
  

• Delete server copy
  

• Repair server copy
  

• Result summaries for these commands have also been improved.
  
  

• Improved how the Location column displays sync copy information when the Display SmartSync copies under location field option are enabled.
  

Audit 21

Content Update

Revised APES 110 codes for all Independence Questionnaire using IESBA code as its base.The new code is operative from 1 January 2020 and supersedes the previous code originally issued in December 2010. The following documents affected are:

• 1-101
  

• 1-102
  

• 1-103
  

• NQUEST
  

AASB 16 was issued by the Australian Accounting Standards Board(AASB) in December 2018 and applies to annual periods beginning on or after 1 January 2019. As a result the Audit template now has two new FSA groupings in Phase B. These new items are:

• L - Right-Of-Use Assets
  

• S - Lease LiabilitiesAdded footnote
  

Other minor improvements

SAMPLING

• Improvements to the SAMP and other Sampling workpapers for a more consistent approach.
  
  

MATERIALITY

• Changed behaviour if more than one Benchmark is selected, SECTION 3 table will not total the the two benchmarks unless a weighting factor has been utilised.
  

Financials IFRS 17

Functionality Update

The following feature enhancements have been added to the financials template:

• Copy and paste a DIY table within the Notes section.
  

• Define where to insert a Schedule (e.g. Detailed Profit or Loss Statement) into the financial statements.
  

Content Update

The following areas in the template have been updated to accommodate:

• Removing the initial adoption of AASB 9 and AASB 15 (For-Profit entities)
  

• Adding the AASB 16 and AASB 15 (Not-For-Profit entities) content adoption
  

Statement of Financial Position

Statement of Profit or Loss and Other Comprehensive Income

Statement of Profit or Loss

Statement of Cash Flows

Statement of Changes in Equity

Notes - Change in Accounting Policy

Notes - Summary of Significant Accounting Policies - Revenue and other income

Notes - Summary of Significant Accounting Policies - Property, plant and equipment

Notes - Summary of Significant Accounting Policies - Leases

Notes - Summary of Significant Accounting Policies - Financial instruments

Notes - Summary of Significant Accounting Policies - Volunteer services (new)

Notes - Revenue and Other Income

Notes - Finance Income and Expense

Notes - Trade and Other Receivables

Notes - Property, plant and equipment

Notes - Intangible Assets

Notes - Investment Properties

Notes - Other Financial Assets

Notes - Leases (new)

Notes - Other Liabilities

Notes - Contract Balances

Notes - Financial Risk Management

Statement of Financial Position

AASB 9 and AASB 15 (For-Profit Entities)

Removed the initial adoption configuration which includes:

• footnotes
  

• The word ‘restated’ assigned to the Prior Year date column heading 
  

AASB 15 (Not-For-Profit Entities)

• Added footnote
  

• The word ‘restated’ will display in the Prior Year column heading if choose to restate
  

AASB 16

• Added footnote
  

• The word ‘restated’ will display in the Prior Year column heading if choose to restate
  

• The following line items with respective mapping points have been added:
  

> Right-of-use assets (Non-current asset)

> Lease liabilities (Current)

> Lease liabilities (Non-current)

You will need to enable the budget column to disclose the beginning of earliest comparative period disclosure. The trial balance can be imported into the budget column.

Statement of Comprehensive Income / Statement of Profit or Loss

AASB 9 and AASB 15 (For-Profit Entities)

Removed the initial adoption configuration which includes:

• footnotes
  

• The word ‘restated’ assigned to the Prior Year date column heading 
  

AASB 15 (Not-For-Profit Entities)

• Added footnote
  

• The word ‘restated’ will display in the Prior Year column heading if choose to restate
  

AASB 16

• Added footnote
  

• The word ‘restated’ will display in the Prior Year column heading if choose to restate
  

• The following line items with respective mapping points have been added:
  

> Lease Income

> Lease Expenses

Statement of Changes in Equity

AASB 9 and AASB 15 (For-Profit Entities)

Removed the initial adoption configuration which includes:

• footnotes
  

AASB 15 (Not-For-Profit Entities)

• Added footnote
  

• Restatement line items for AASB 15 adoption
  

AASB 16

• Added footnote
  

• Restatement of line items for AASB 16 adoption
  

Statement of Cash Flows

AASB 15 (Not-For-Profit Entities)

• Added footnote
  

• The word ‘restated’ will display in the Prior Year column heading if choose to restate
  

AASB 16

• Added footnote
  

• The word ‘restated’ will display in the Prior Year column heading if choose to restate
  

• Classification of interest payments
  

Notes - Change in Accounting Policy

AASB 9 and AASB 15 (For-Profit Entities)

• Expired all related content as no longer required
  

AASB 16 and AASB 15 (Not-For Profit Entities)

• Added new restatement tables for the statement of comprehensive income, statement of financial position, statement of cash flows and notes to the financial statements.
  

• Added an option for you to select whether you want to restate or not restate the prior year balance.
  

Notes - Summary of Significant Accounting Policies - Revenue and other income

AASB 15 (For-Profit-Entities)

Updated to exclude the following comparative year sub-notes:

• Revenue - Introduction - AASB 111 & AASB 118
  

• Sale of goods - AASB 111 & AASB 118
  

• Grant revenue - AASB 111 & AASB 118
  

• Donations - AASB 111 & AASB 118
  

• Rendering of services - AASB 111 & AASB 118
  

• Subscriptions - AASB 111 & AASB 118
  

AASB 15 (Not-For-Profit-Entities)

• Updated to accommodate comparative and current year content
  

Notes - Summary of Significant Accounting Policies - Financial instruments

AASB 9

The following comparative year sub-notes have been expired:

• Initial recognition and measurement
  

• Financial assets
  

• Financial liabilities
  

• Impairment of Financial Assets
  

Notes - Summary of Significant Accounting Policies - Volunteer services

AASB 15 (Not-For-Profit-Entities)

• New accounting policy
  

Notes - Summary of Significant Accounting Policies - Leases

AASB 16

• Updated to accommodate comparative and current year content
  

• It has been moved from the Income Statement to the Assets group of accounting policies to be consistent with the main note sort position
  

Notes - Summary of Significant Accounting Policies - Property, plant and equipment

AASB 16

• Updated to accommodate Right-of-use asset categories
  

Notes - Revenue and Other Income

AASB 15 (For-Profit-Entities)

The following sub-notes have been updated to remove AASB 15 initial adoption configuration:

• Disaggregation of revenue from contracts with customers
  

• Unsatisfied Performance Obligations
  

AASB 15 (Not-For-Profit-Entities)

The following sub-notes are new:

• Revenue streams
  

• Volunteer services not recognised
  

The following sub-note has been updated:

• Revenue from continuing operations
  

Notes - Finance Income and Expenses

AASB 9

• Updated to remove AASB 9 initial adoption configuration
  

Notes - Trade and Other Receivables

AASB 15 (Not-For-Profit-Entities)

The following sub-notes are now applicable:

• Impairment of receivables
  

• Reconciliation of changes in the provision for impairment of receivables is as follows:
  

Notes - Property, plant and equipment

AASB 16

• Updated to accommodate Right-of-use asset categories
  

Notes - Intangible Assets

AASB 16

• Updated to accommodate Right-of-use asset categories
  

Notes - Investment Properties

AASB 16

• Updated to accommodate Right-of-use assets
  

Notes - Other Non-Financial Assets

AASB 15 (For-Profit-Entities)

• Updated to remove AASB 15 initial adoption configuration
  

Notes - Leases

AASB 16

• New note
  

Notes - Other Liabilities

AASB 15 (For-Profit-Entities)

• Updated to remove AASB 15 initial adoption configuration
  

Notes - Contract Balances

The following sub-note is new:

• Amortisation of contract cost asset
  

AASB 15 (For-Profit-Entities)

• Updated to remove AASB 15 initial adoption configuration
  

AASB 15 (Not-For-Profit-Entities)

• The note is now applicable
  

Notes - Financial Risk Management

The following sub-note has been expired:

• Credit Risk - Trade and Other Receivables
  

The equivalent table resides in the Trade and Other Receivables note.

AASB 16

• FIRM Introduction sub-note updated.
  

AASB 9

• Summary table updated to remove AASB 9 initial adoption configuration.