•  Content update: substantive sample sizes worksheets

  • • Implemented the following documents to assist with calculating the sample size for substantive sampling:

       

      
      

       

      Document Number Cloud	Document name
      110.125	Worksheet - Inventories - Substantive sampling - Tests of details
      130.125	Worksheet - Receivables, current - Substantive sampling - Tests of details
      425.125	Worksheet - Payables - Substantive sampling - Tests of details
      1500.125	Worksheet - Revenues - Substantive sampling - Tests of details
      1600.103	Worksheet - Cost of sales - Substantive sampling - Tests of details
      1600.107	Worksheet - Payroll and other expenses - Substantive sampling - Tests of detai

• New Documents page layout

  • • The Second Reviewer button is no longer available in the Engagement properties window.

    • The More actions (...) | Sign-off option is no longer available.

• Roles and signoff schemes

A new tab Signoffs is now available in the product settings dialog. To create a custom signoff, you must set up roles and schemes:

Roles, where you define the preparer role labels and the reviewer role labels. You can add as many roles as needed. To learn more, see Define signoff roles.

Schemes, where you set up the applicable combination of preparer roles and reviewer roles for a specific document or a group of documents. To learn more, see Set up signoff schemes.

• Risks

  • • As a firm author, you can now choose whether or not to include a text field in risks analysis widgets to add comments or notes. A new check box Include the comments field in risk analysis widgets is now available in the Risks | General tab in the product settings (included in this version). Previously, this text field was always available in analysis widgets.

• Enhanced review tools in checklists

  • • You can now use review tools to track changes made in checklists after the reviewers have signed off if the  Modified since last review option is turned on in the Documents page.

• Empty Input columns in dynamic tables

  • • Empty Input  columns (when cells are blank or zero) in dynamic tables are now automatically excluded when you print the financial statements. When you view the financial statements in an engagement file, the headers of empty Input columns display in gray.

• Queries

  • • Improved query UI: the new query layout now features buttons available at the bottom of each question.

    • You can now edit and delete your comments in the new query layout.

    • The comments area in queries now also displays the history  of each question. 

• Risks module

  • • A new filter Signoffs is now available in the new risk module.

• Transactions

  • • The Columns and Filters drop-downs in the Transactions tab in the Data page have witnessed a few additions and updates.

• Replace external documents

  • • You can now replace external documents. You can either select More actions () | Replace or drag and drop a new document onto the old document to replace it. When you replace a document, you can choose whether to remove pre-existing signoffs or retain them.

• Content update

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