How do I insert a separate Financial Statement Area (FSA) for individual entities in an Internally-Consolidated entity?
Within an internally consolidated CaseWare file,
you may often need to calculate different Financial Statement Area (FSA) for
each subsidiary or individual entities. To do so, you would need separate Financial Statement Area (FSA) Worksheets for
your subsidiaries aside from the original FSA worksheet.
Follow the procedure below.
Please view
FAQ
637 to insert separate
Materiality documents for separate subsidiaries in an internally consolidated
CaseWare file.
Procedure:
1. Within the Audit System -
Control Documents folder, open the Master Documents folder.
2. Copy and paste
"NFSAGRP: Worksheet - Financial
Statement Area (Group Balances) " into the 3-200 - Concluding on Risk Assessment Phase folder. This
separate FSA document will only be available and work only for files setup
as a consolidation entity.
3. Rename
the document to your liking. It is recommended to differentiate them with the
original FSA Worksheet -
Financial Statement Areas.
4. Within
the newly created dummy FSA, select the appropriate
subsidiary/individual entity. Once completed, the dummy FSA will
be automatically connected to the primary FSA. You will need to do the same
thing for each entity of the consolidation.