Work Program improvements

We have added an additional sub-procedure in every grouping B. Substantive Procedures Extended type procedure in Work Programs, to assist in the documentation of the audit work.

• Document A100 Optimiser checklist - Initial Engagement Decisions

  • Additional questions included to tailor engagements for Financial Vehicles. In particular, to integrate specific procedures for Private equity funds/Real estate funds.

• Plans and procedures phase

   

  • The specific procedures (and related assertions) for Private equity/Real estate funds will be displayed in a separate Subgroup in the checklists of the following Financial statement areas based on visibility settings, if Private Equity fund or Real Estate fund is selected in the Optimizer checklist:

1. 1. 1. Investments

      2. Equity (Corporate + Partnership)

      3. Payables

      4. Payroll and other expenses

      5. Receivables, current

      6. Receivables, non-current.

      7. Borrowings, current

      8. Borrowings, non-current

      9. Liabilities, current

      10. Liabilities, non-current

      11. Other expenses       

      12. Other income

• Checklists

  • • If signoff is enabled for procedures and conclusion, a warning message now displays if users attempt to sign off on the document while,

1. 1. 1. 1. One or more visible procedures have not been signed off

         2. The Conclusion section has not been signed off

         3. Visible procedures in the Conclusion section have not been signed off

• Risks module

  • • Risk assessments can now be carried forward.

• Signoff

  • • The logic for preparer and reviewer signoff has been enhanced. Users can now only remove their own signoffs. A user that has been granted one or more administrator security roles can remove signoffs by other users.

    • Administrator security roles in CaseWare Cloud are:

1. 1. 1. 1. Admin

         2. Settings Admin

         3. Staff Admin

         4. Entities Admin

• Integration with the new risk-based transaction analysis tool AnalyticsAI  Lux application.
  
• PCN2020 mapping was added. A message will appear on the dashboard to convert your CaseWare file to the updated mapping. This will happen on opening a CaseWare file that has a year begin date of 01/01/2020 or later.  Accounts need to be remapped after conversion.
  
• Integration of Cloudbridge on the Quickstart window to enable migration of figures to our new Lux Audit cloud solution.
  
• Bugfixes
  
  • New sign-off roles enabled for the final materiality levels added in the '420. Materiality (Core)' document
  • CaseWare website widget on the Quickstart window
  • 'Autofill mapping & FSA' button on the Quickstart window
  • 'Other import options' button on the Quickstart window deleted