Agile Audit
What is meant by "end of engagement" queries in Agile Audit?
Queries in Agile Audit provide an efficient way to communicate deliverables and other information with our key contacts. However, towards the end of the audit you may wish to share a range of completion documents, e.g. Management Letters, Audit ...
How does the Audit Report in Agile Audit work?
The Audit Report (4-520) in Agile Audit has been designed to allow you to draft an auditor’s report in accordance with the relevant ASAs, efficiently. By answering questions in 4-500 ASA Requirements - Audit Opinion, the auditor’s report will be ...
How do I use the Planning balances in Agile Audit?
The new Planning balances feature allows you to record and track interim balances before the year end. Upload planning balances for current and prior years. Use planning balances when viewing analysis charts. Use planning balances in the materiality ...
How can I create a new file based on another engagement file in Agile?
If you are auditing several clients from a similar industry, you are able to Create new engagement based on existing file from either the More actions () menu for the existing engagement in Cloud or from the New engagement dialog. What information is ...
How do I use the Management Letters in Agile?
As required by ASA 265 and ASA 260, the auditor is required to communicate significant deficiencies and specific information to those charged with governance. In Agile Audit, there two draft letters that have been prepared for you to use to assist ...
What is the ASA Australian Auditing Standards Report?
The ASA Australian Auditing Standards Report documents all ASA requirements throughout your Agile engagement and gives you an up-to-date reading of any outstanding requirements at the time of generating. ASA Australian Auditing Standards Report has 4 ...
Cloud Engagement Tools - Sample Files
Please find attached sample CSV files for each of the following tools: Import map descriptions Import adjustment journals Import consolidated adjustment journals Import custom map numbers To ensure a successful import when using any of these tools, ...
Why does my 2-130 Key Business Process workpaper keep clearing out?
The Problem We have discovered an issue with the 2-130 Key Business Process worksheet. It has come to our attention that certain selections may be lost when you exit the workpaper. Solution We have resolved the issue in our June 2023 release. ...
How do I access the Agile Control Report?
The Control Report discloses key information regarding the internal controls documented by the audit team and whether or not they are effective. In order to populate the control report in Agile, we need to add controls to the engagement. For more ...
What is the Agile Audit Response Table (ART)?
The Audit Response Tables (ARTs) may take a moment to load initially. By design, the ART tables and optimiser question are hidden. Displaying the ARTs optimiser question and tables First, open the OPT Optimiser Press the “...” menu to display options ...
What are the changes to the 2-100 and 2-600 tables?
There are four tables in 2-100 and 2-600 that should always disclose the same information at all times: 1. Key client personnel for communication 2. Significant accounting policies 3. Significant accounting estimates 4. Using the work of an expert ...
How to use 2-140 IT Applications in Agile?
What is the purpose of 2-140? This worksheet is to help auditors with the following: Identifying and assessing the adequacy of resources responsible for IT applications and related IT infrastructure For IT Applications Identified, evaluating their ...
How to use 2-130 Key Business Process in Agile?
What is the purpose of 2-130? The 2-130 worksheet is to assist auditors in three key areas: To document their understanding of key business processes, including key information systems used, that relate to significant classes of transactions, account ...
Expectations with Agile November 2022 update
Introduction Prior to running the Carry forward with the Agile November 2022 template, it is important you are familiar with the following post-carry-forward impacts that will require your intervention. The post-carry-forward steps that need to be ...
How do I complete and clear my review points (issues) in Agile?
To complete a review point 1. There are 3 main options available under an issue / review point 2. To reply, a text box will appear below, allowing you to leave a reply. 3. When the issue is resolved, select resolve to disable the red notification ...
How do I create and review my review points (issues) in Agile?
To add a review point / issue 1. Select the flag icon. 2. In the pop-up, you may choose the type of issue to raise by clicking the bottom left corner. 3. All review points can be reviewed by pressing the Issues button. 4. Select from the drop-down ...
How do I utilise the 4-200 Summary of Misstatements worksheet?
What is the 4-200 Summary of Misstatements worksheet? The 4-200 worksheet sits in the Phace C - Reporting folder, and assists the auditor in complying with ASA 450. The objective of the worksheet is to evaluate the effect of identified misstatements ...
How do I annotate or add a reference to a Checklist in Agile?
On each procedure you have the option to annotate a purpose, link or note. To add annotations or references to a checklist 1. Click the + button to add annotations to the checklist or the add note option to manually enter text. 2. Using the + ...
How do I annotate my client's accounts (Analysis screen)?
To annotate the accounts In the analysis screen, click on the + item beside the account in the leadsheet. Purpose: The purpose annotation is used on audit work papers to denote auditing actions taken. These tick marks are useful from the audit ...
How do I add new procedures to an existing Checklist or a completely new Checklist in Agile?
To add a new procedure in an existing checklist1. Select the toggle edit view icon 2. Click on + procedure to add a new procedure 3. Or you can click on the 3 dots at the side of each procedure to add a new procedure from the drop down list 4. New ...
What can I do in the Analysis screen?
How to access the analysis screen?Select the analysis tab in a checklist or worksheet What can you do in the analysis screen? The Analysis component will display the trial balance information appropriate to the program that you are currently ...
How do I import a new year-end TB over the existing trial balance?
After you have finished auditing the interim / planning trial balance, you may be required to import the final trial balance when you acquire it from the client. To import a new Trial Balance Go to the Data tab Select import Choose the reimport ...
How does the Risk Assessment (2-250) worksheet work and how does it influence the engagement?
How to use the Risk Assessment worksheet?1. You can access the risk assessment worksheet by clicking into the risk assessment report Or by clicking into the risk tab at the top on the black bar 2. The risk report and risk assessment worksheets can be ...
How do I use the Materiality (2-300) workpaper and how does it impact screens like Data and Risk Assessment?
What is the materiality workpaper for? The materiality workpaper can be used to assist you with the planning and the revised assessment of your audit. The materiality assessment that you determine can also influence the Trial Balance, Risk Assessment ...
How can I use the 2-230 and 2-240 Reports to assist me in my audit?
There are strong relationships that are automatically setup within an Agile Audit engagement file once we have completed our Risk Assessment. What does it mean to Complete our Risk Assessment in Agile Audit? Completion your risk assessment means you ...
How to add a new control?
There are a few ways to add a new control to your engagement file. To add a new control: 1. On the top right hand corner, click the + button. 2. Select control option 3. A new control pop-up will appear like this. Fill out the dialog to enter your ...
What is meant by 'Narrative' and 'Procedures' in ASA Checklists, such as 2-210?
What is the “Narrative” option within a checklist and what does it look like? A ‘narrative’ option within the checklist provides you with a narrative text box under a set of questions. This provides you with more freedom to manually provide an answer ...
How to use the SE Letter documents (e.g. 1-130 Engagement Letter)?
What is a SE Letter document?The SE Letter workpaper is a type of document which allows you to create things like, Engagement Letters (e.g. 1-130), Audit Report (e.g. ) or Management Letters. The Letter provides a basic level of formatting and due to ...
How to use the OPT Optimiser on new and carried forward engagements?
How to use the OPT Optimiser on new and carried forward engagements? New Engagement Files What is the OPT Optimiser? The OPT Optimiser is an optimising worksheet that asks you a series of questions about the Agile Audit engagement, which will then ...
What are some of the tools you can use to request information from a client?
The RFI (Request For Information) workpapers are a great way to avoid email and utilise CaseWare Cloud to acquire information and evidence from the client. With this in mind, there are several options available to assist you with requesting ...
How do clients respond to the RFI?
How do clients receive a RFI? A RFI is sent through email to the client and they can access the RFI worksheet from the link attached. Press the View Details button and log-in to the cloud. How do clients respond to the RFI? From there, they will have ...
What is the 2-270 Analytical review workpaper in Agile?
The 2-270 workpaper identifies relationships (for possible use in substantive analytical procedures), risks, inconsistencies as well as unusual transactions, events, amounts, ratios or trends that will likely require an audit response. How is the ...
How to use the Agile Risk Library?
What is the Agile Risk Library? The Risk Library is a repository of risks that you can import into any Agile engagement file. How many risks are in the Agile Risk Library? Currently there are 20 risks contained in the Agile Risk Library. This number ...
How to use the Agile Sampling worksheet?
How to use the Agile Sampling worksheet? Agile Audit Forms - Sampling Worksheet The Agile Audit Forms - Sampling Worksheet (AAF - SW) is designed to assist the auditor to generate sample sizes for substantive audit procedures. The model and its ...
How to use the Agile Independence Questionnaire?
Introduction The Agile audit solution offers three independence workpapers which assist auditors with the application of the independence requirements of both the Corporations Act 2001 (if applicable) and APES 110 Code of Ethics for Professional ...
Agile Audit Process Map
The Agile Audit process map attached in this FAQ below illustrate the best methodology to use our CaseWare Agile Audit for an audit engagement. To go alongside the process map, a series of FAQs are below to provide details on parts of the process ...
How do I export/save a read-only copy of a Cloud engagement file?
(Note: the images in this FAQ show an Agile Audit engagement file, however the sames steps can be performed in Cloud Financials and SMSF Audit engagement files as well) Login to your CaseWare Cloud site through your internet browser (we strongly ...
Dynamic account reassignment in the Data page
If dynamic account reassignment is enabled within your trial balance groupings, account balances that change signs (flip from positive to negative or vice-versa) will be dynamically assigned to the appropriate group. For example, the Bank - Checking ...
Work with Review Tools
Review tools apply visual markup to the document, making potential issues with content stand out on the page so you can complete your review more quickly. Review tools are available in checklists, letters and financial statements. Note: Changes made ...
Replace external documents in Agile Audit
You can replace external documents, such as PDFs, Word files and Excel files, that you have previously uploaded to the engagement. Note: Document versioning is not supported (no version history is retained). To replace an external document: 1. From ...
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