SMSF Audit
How do I use the SMSF Insights (300) and Bank Account Transaction analysis (350) workpapers?
The SMSF Audit has introduced two new workpapers with the June 2023 release: 300 Insights workpaper 350 Bank account transaction analysis 300 Insights workpaper The Insight workpaper has been designed to give you some quick insights about the SMSF ...
What is preserved in a firm’s SMSF Audit template after an update?
Previously, any firm customisations made in the SMSF Audit template were lost during the SMSF Update. This meant that Firm Authors would need to redo their content each release. In SMSF Audit 2022 Release (1 July 2022), the template now carries ...
SMSF Audit - Audit Report Content.
Overview The ATO has prescribed a new version of the Independent Audit Report (IAR) with the version (NAT 11466-07.2021). It must be used for all audits completed on or after 1 July 2021. This means the new version must be used for any audits you ...
SMSF Audit New Shares Testing Worksheets
Adding New Worksheets to Engagement To add the new worksheets to your engagement, in the 100 Optimiser checklist answer the Shares Testing Worksheet procedure with 'New Worksheet' This will display the following new worksheets in the Financial & ...
Checking Remaining SMSF Audit Engagements
In order to check how many SMSF Audit engagements your firm has remaining for use, you must have the Administrator or Settings Administrator system wide role on CaseWare Cloud. 1. Access the navigation bar from the top left hand corner. 2. Access ...
How to add a Second Reviewer in SMSF Audit?
To add a Second Reviewer to an SMSF engagement, refer to the below steps: 1. Click on the 'Information' icon, and open up the engagement Settings. 2. In the Settings dialog, open up Schemes and click on +Roles. 3. From the dropdown list, enable the ...
What's New in SMSF Audit
31 August 2023 - SMSF Audit 2023 Template Update: Fixed an issue with the BGL import - the mapping number settings have been adjusted so accounts can now be mapped to the top level mapping for Fund members’ equity Features: Fixed the date settings in ...
SMSF Audit Getting Started
Preface The article below will demonstrate how to create a manual engagement within an SMSF entity. If you would like to leverage SMSF Audit efficiencies such as: Integration with Class/BGL360/SuperMate Automapping of imported accounts Direct imports ...
Setting up a reminder in MyCaseWare for SMSF Audit.
To set a reminder within MyCaseWare to re-order SMSF Audit engagements, you will need to a follow a number of steps outlined below. In MyCaseWare, click on Licences. Click on Site Details. Once accessed, you have the option to select a billing ...
How do I Send Documents using the ‘Save to Cloud’ option?
If you have not enabled association sharing at the SMSF Audit Accounting Entity level, enable it by following the FAQ here. You will also need to add contacts from the firm you wish to collaborate with if they aren’t currently added. For documents ...
Sending and Receiving Documents Using Queries
If you have not enabled association sharing at the SMSF Audit Accounting Entity level, enable it by following the FAQ here. You will also need to add contacts from the firm you wish to collaborate with if they aren’t currently added. Click on the ...
How can I collaborate on deliverables with clients in SMSF Audit?
There are two recommended methods of collaborating with clients in CaseWare Cloud SMSF Audit. In this article we will be categorising the two methods depending on your requirements. The document(s) you are sending need to be signed and sent back. ...
How do I complete the Risk Assessment Report?
The following video outlines how SMSF Auditors can use the new Risk Assessment Report document.
How do I record a new risk?
To record a new risk in either an Agile Audit or SMSF Audit engagement file: Click the Add button in the black banner on the right hand side and select Risk: Enter a Title and Description for the risk (the ID field is optional) Complete the following ...
Using the new SuperMate bulk import - Existing Funds
For funds administered in SuperMate, SMSF Audit engagement files can now be created in bulk (previously, each fund engagement file had to be created individually, and then the data from SuperMate was imported). Before using this new import method ...
What levels of permission do each contact roles have on an Activity or File
When assigning Contact roles to an activity or a file, you have 3 levels of access as indicated via the Roles. Owners: A contact can be assigned the Owners role or they will also automatically be assigned the Owner role when they create an activity ...
What are CaseWare SMSF Audit’s assertions
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 ...
Opening Microsoft Office documents
When you choose to open a Microsoft Office document for the first time, you may be presented with this Option here. Open in Office: Selecting this option will open your document (either in Word or Excel) with a direct link connected to CaseWare ...
How do I save files from CaseWare Cloud into my engagement file
If you use CaseWare Cloud as a secure client portal, you may have documents and supporting work papers submitted to you by the administrator through CaseWare Cloud. If these documents form part of your audit evidence, you will need to save them into ...
How do I revert a document back to its Placeholder
If you need to replace a placeholder document, you will need to first revert the document back to a placeholder as follows. 1. Hover your cursor over the document you want to revert back to a placeholder. 2. Click the 3 dots that appear to the right ...
How do I move my annotations within a PDF
When you create an annotation, you will find recent annotations in the Suggestions list here: This list will include recently created annotations and annotations that have been deleted from a document. Therefore, this is actually how you can ‘move’ ...
How do I lock down a file
CaseWare SMSF Audit files can now be locked down when an audit has been completed. Once a file is locked down, you will see a lock sign in the SMSF Audit banner. While a file is locked, it cannot be edited and all work that was previously performed ...
How do I link a query to a checklist procedure?
To improve documentation consistency and efficiency in SMSF Audit engagement files, questions and requests in in Query documents can now be linked to specific procedures in checklists as follows: 1. Enter a question or request in a Query document 2. ...
How do I carry forward an audit if the administration platform has changed during the year
When an SMSF Audit file is carried forward, the Trial Balance import method will default to the same method used in the prior year file. So how do you carryforward an audit file when the fund has changed administration platforms during the year? ...
Firm Settings Fact Sheet
Firm Settings is a functionality in SMSF Audit that allows firms to customise the template to suit their own internal workflows and processes. Note: It is important to note though that only 1 firm template can be created in SMSF Audit, so we ...
Early auditing a wound up fund
Where you have a fund administered in Class Super or BGL 360 that has been wound up before the end of the year and requires an audit, you will need to import the trial balance into your engagement file manually as CaseWare cannot access a year end ...
Class Super Integration Fact Sheet
As SMSF Audit is a purpose-built tool, many features have been designed specifically to assist Auditors with performing efficient, high quality audits. A key inclusion that facilitates this is SMSF Audit’s integration with Class Super - through this ...
CaseWare SMSF Audit Performance
As CaseWare SMSF Audit is a web-based tool, speed and performance can be affected by a number of different factors. Whilst we can’t assist with factors like internet speed or slow hardware, we can make the following recommendations to help with ...
Authorising Class Super access
This video shows how the SMSF Administrator can authorise Class Super access to the auditor. This authorization must be performed by the Class Super administrator before the auditor can use their auditor's login to import data from Class Super.