How to set up Engagement Properties for Planning Balances?

In some instances, an auditor may want to import interim or planning balances into an engagement file prior to year-end, in order to conduct interim audit procedures. 

CaseWare, in conjunction with the Audit System template allows users to import planning balances into the engagement file, followed later by the full year balances. 

Note: When imported, the full year balances override the planning balances. However, the FSA worksheet will retain the planning balances for further reference.

In order to do this the engagement properties must be set and remain as follows:

• Year-end Date should always reflect the full year (Do not reflect the interim period here).
  
• Reporting Period Date Sequence tick boxes:
     - For Yearly files have Yearly ticked
     - For Semi-Annual files have both Yearly and Semi-Annual ticked

Tip: If you wish to retain a record of the planning balances in other work papers (e.g. Leadsheets, Variance reports, Trial balance) outside the FSA worksheet, consider using CaseWare’s PDF converter and include these PDFs in the document manager.

 

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