BEST PRACTICES. Checkpoint Engage with AdvanceFlow

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1 BEST PRACTICES Checkpoint Engage with AdvanceFlow

2 Table of Contents Using Checkpoint Engage... 3 Add New Client Engagement... 4 Set up the New Customer Engagement... 6 Master Engagement Templates... 9 Add Checkpoint Engage Integration to an Existing Client Engagement in AdvanceFlow Change SMART Practice Aids Integration to Checkpoint Engage on an Existing Client Engagement in AdvanceFlow Remove Checkpoint Engage Integration on an Existing Client Engagement in AdvanceFlow Checkpoint Engage Properties Navigation Icons Working on Forms Entering Comments Identified Risks Assess Risk Design Audit Programs Linkage View Completion View Disclosure Diagnostic Report Add Checkpoint Engage Documents Delete Planning Forms Add Checkpoint Tools Documents Add SMART Docs to an Existing Client Engagement in AdvanceFlow that is linked to Checkpoint Engage Document Generation Rollforward Checkpoint Engage with AdvanceFlow 2

3 Using Checkpoint Engage Thomson Reuters Checkpoint Engage and AdvanceFlow (separate license required) provide a completely integrated cloud-based solution for enterprise audit firms. For information on getting started before proceeding with implementation and product use, please refer to the separate document Getting Started Checkpoint Engage Integrated with AdvanceFlow. All documentation and up-to-date product support information is available from our Customer Help Center at Login to with your AdvanceFlow username and password. This document provides instruction on using Checkpoint Engage functionality, and assumes basic knowledge of AdvanceFlow functionality. To link Checkpoint Engage to AdvanceFlow, you will use your Checkpoint username and address (more info below). Checkpoint Engage with AdvanceFlow 3

4 Add New Client Engagement To add new client engagement in AdvanceFlow with Checkpoint Engage integration: 1. Click Add Engagement icon at top of AdvanceFlow Engagements pane. 2. Select a client name and click next. 3. On the Add Engagement screen, select Checkpoint Engage from the source list for External Integration, and select New from the source list for Engagement, and click next. After completing the remaining AdvanceFlow add engagement screens, a yellow warning bar will now appear on the Workpapers tab and a message will be displayed indicating Checkpoint Engage setup is pending, click here to begin. (Click Refresh if the link is not yet active.) Checkpoint Engage with AdvanceFlow 4

5 In the Checkpoint Log In dialog box, enter your Checkpoint username and your address for that username in the fields as prompted. Note: This is not your password your address associated with your Checkpoint username. It is only necessary to enter the Checkpoint Log In one time, which then links the Checkpoint log in with the Advanceflow log in. Checkpoint Engage Setup window appears with options to: Set up the engagement follow instructions below to create a new engagement Import an existing engagement from PPC s SMART Practice Aids follow instructions in separate document to import Checkpoint Engage with AdvanceFlow 5

6 Set up the New Customer Engagement 1 Industry 1. Source: New 2. Engagement Type: Checkpoint Engage (Audit) 3. Industry: Select from your list of licensed industry content (Nonpublic, Nonprofit, Local Government, etc.) 4. Click Next The industry selected determines which audit areas and setup questions appear in the remainder of the engagement setup. Planning forms and audit programs are automatically tailored based on answers to setup questions. Checkpoint Engage with AdvanceFlow 6

7 Quick Start If you select Quick Start you would begin the audit with a complete set of practice aids and audit programs that are developed by our authors and pre-tailored for the unique characteristics of small noncomplex entities. Checkpoint Engage Modules Select the modules to include in the engagement. You will only see the modules that are licensed. 2 Audit Areas Select the audit areas to be included in the engagement. Checkpoint Engage with AdvanceFlow 7

8 3 Setup Questions 1. Answer set up questions. 2. Click Done. Checkpoint Engage with AdvanceFlow 8

9 Master Engagement Templates Notes: Templates Disclosure module is disabled for Template engagements In order to import master engagement from desktop, user will need to change the extension from.spmb/.spmt to.sprtl/.sprtr Physical documents from Template engagement will not Rollforward to target engagement during Rollforward merge Click the Templates button at the bottom of the navigation pane. Checkpoint Engage with AdvanceFlow 9

10 Click the Add Template button. Enter a name for the template. Select a template type from the drop-down list. Source: Checkpoint Engage OK Checkpoint Engage with AdvanceFlow 10

11 A yellow ribbon will appear at the top of the screen. Clicking on the yellow ribbon will take you to Checkpoint Engage Setup. Walkthrough the engagement setup process as you normally would. Note: There may be duplicate folders that will need to be organized. Checkpoint Engage with AdvanceFlow 11

12 Add a New Engagement Select Set up the engagement You ll receive a message: Please wait while create a template. Create is Complete Engagement creation was successful. Checkpoint Engage with AdvanceFlow 12

13 Rollforward Select Rollforward with Placeholder Rollforward with Rollforward Merge Checkpoint Engage with AdvanceFlow 13

14 Add Checkpoint Engage Integration to an Existing Client Engagement in AdvanceFlow This process is used after an engagement is already created in AdvanceFlow. For example, after converting engagements from other engagement software, and folders and workpapers already exist in the engagement. 1. Open the AdvanceFlow Engagement Properties of the Engagement that you would like to link. 2. Click on the Content tab 3. Select Checkpoint Engage from the integration source drop-down. Checkpoint Engage with AdvanceFlow 14

15 To establish the link for the client engagement to Checkpoint Engage, click the link in the yellow warning bar Checkpoint Engage setup is pending, click here to begin. (Click Refresh if the link is not yet active.) Proceed thru Checkpoint Engage setup as indicated in preceding instructions to create a new engagement. After Checkpoint Engage setup on an existing engagement, there will be duplication of folders, as the Checkpoint Engage documents are automatically included in folders that are created in the process. For example, if the engagement already had a folder titled Cash, the Checkpoint Engage set up created another folder titled Cash with the Checkpoint Engage documents. For this first time setup, drag and drop the document to the folders you prefer for this engagement. Delete the remaining unused folders. In subsequent years, the folders and documents will rollforward. Checkpoint Engage with AdvanceFlow 15

16 Change SMART Practice Aids Integration to Checkpoint Engage on an Existing Client Engagement in AdvanceFlow To unlink an engagement that has already been linked to SMART, and link that engagement to Checkpoint Engage, change the external integration source from SMART Practice Aids to Checkpoint Engage on the Content tab of AdvanceFlow Engagement Properties. A warning message appears that all linking data and associated workpapers will be lost. Select Yes to continue, and all existing SMART data in that engagement will be deleted. Follow preceding instructions to setup Checkpoint Engage. Note: Best practice suggestion is to change integration source when beginning a new engagement period. It is not recommended to change from SMART to Checkpoint Engage in the middle of current engagement work. Checkpoint Engage with AdvanceFlow 16

17 Remove Checkpoint Engage Integration on an Existing Client Engagement in AdvanceFlow To unlink an engagement that has already been linked to Checkpoint Engage, on the Content tab of AdvanceFlow Engagement Properties, select None for external integration source. A warning message appears that all linked data and associated workpapers will be lost. Select Yes to continue, and all existing Checkpoint Engage data in the engagement will be deleted. Note: Be sure this is what you really want to do, as all Checkpoint Engage data in the engagement will be deleted. Checkpoint Engage with AdvanceFlow 17

18 Checkpoint Engage Properties To make changes to Checkpoint Engage audit area selections and set up questions, select Checkpoint Engage Properties icon at top of AdvanceFlow Engagements pane. Checkpoint Engage Setup window appears with options to: Edit engagement setup Rollforward Checkpoint Engage data Import an existing engagement from PPC s SMART Practice Aids Edit engagement setup to make changes to audit areas and setup questions. Checkpoint Engage with AdvanceFlow 18

19 Open a Checkpoint Engage document for editing in one of three ways: 1. Double click on the document. 2. Select the document and then click the Edit icon on the Workpapers menu. 3. Select the document, right click and then select Edit on the right click menu. The document opens in another window with Checkpoint Engage functionality. For better viewing, maximize the Checkpoint Engage window AdvanceFlow will remain open in the previous window. Checkpoint Engage with AdvanceFlow 19

20 Navigation Checkpoint Engage with AdvanceFlow 20

21 Icons Save save your work as you go, there is no auto save. View/Edit when multiple users are working in the same engagement, toggle between view and edit mode on forms. (Current engagement status is shown in top left.) Practical Considerations toggle between show and hide. Identified Risks toggle between show and hide right pane. Expand all icon with right facing triangle to expand all items on form. Working on Forms Checkpoint Engage with AdvanceFlow 21

22 Entering Comments Numerous editing capabilities are available in comment fields. Expand comment field to full screen Bold Italic Underline Numbering Bullets Undo Redo Insert link to website Workpaper reference Checkpoint Engage with AdvanceFlow 22

23 Identified Risks Click icon in Identified Risks pane on right to add risk. Icons are also available to edit and delete risks. Enter identified risk information, click CONTINUE to select assertions affected by the risk. Checkpoint Engage with AdvanceFlow 23

24 Assess Risk Click Assess Risk in top menu area to access risk assessment for an audit area. Complete risk assessment by making selections from drop down list for inherent risk and control risk. Assessed risk of material misstatement is automatically selected, change if needed. Enter comments to document risk assessment decisions, describing linkage of risks to procedures performed. Click blue text for definitions and help associated with that item. On the column heading, click once for pop up window with help text, click once again to close pop up window. Checkpoint Engage with AdvanceFlow 24

25 Design Audit Programs Click Design Audit Programs in top menu area to select audit program. Tailor audit programs further using icons to add, edit, drag and drop, to respond to risks. The left pane includes all available procedures for an area. The right pane includes selected procedures for an area. Procedures in the left pane in light gray text are included in right pane. Procedures in the left pane in dark black text are available and not included in the right. Include or remove procedures using click and drag between left and right. The orange vertical bar shows current cursor location. Click Practical Considerations icon to view/hide practical considerations. Checkpoint Engage with AdvanceFlow 25

26 Icons in left pane Copy a procedure from another area by selecting the area from the drop down in left pane. Expand all by clicking the icon with right facing triangle. Filter icon is used to select procedures to show in left pane. Icons in right pane Expand all by clicking the icon with right facing triangle. Edit a procedure using pencil icon. Add a custom procedure using icon Flag when available, shows previous version of procedure before edits or rollforward. Delete allows deletion of custom procedure. To remove a procedure included in the industry content, drag it to the left pane. Deselect icons allows deselecting one or more procedure, same as drag and drop. Filter is used to select procedures to show in right pane. Checkpoint Engage with AdvanceFlow 26

27 Linkage View Select Linkage View icon to display audit procedures for a selected assertion, to better assist you with tailoring audit procedures to respond to risks. Tailor audit programs further in Linkage View (filtered by assertion). Detach right pane to drag the right column to another area or monitor for viewing. As you proceed thru the audit process, you can easily navigate to any form or area and make changes to planning forms, risk assessment, and audit programs. All changes dynamically flow throughout the forms. To add or change a risk, go back to planning form in Identify Risk area. Checkpoint Engage with AdvanceFlow 27

28 Completion View Enable Completion View by selecting icon. Select Step Sign Off from drop down at top of Performed by column. You can also use right click functionality in the cell. Edit and Delete Sign Off Step is available on an existing sign off. Note: Sign Off properties use AdvanceFlow user properties. Unsigned Procedures Select the Unsigned icon on audit programs to show unsigned procedures. The icon can be used to show or hide the blue shading on unsigned procedures. Checkpoint Engage with AdvanceFlow 28

29 Workpaper Index Select Add Workpaper Reference from drop down at top of Workpaper Index column, and select a workpaper that exists in the AdvanceFlow folder. Select Add Document to add new document to the engagement. The new document will be added to the AdvanceFlow folder. Right click functionality is also available within the cell. Comment Field Use the Comment Field to add comments to document procedure work. Click Close in top right to close Checkpoint Engage and return to AdvanceFlow. You can navigate thru any area, or close at any time in the workflow process. You can select any Checkpoint Engage document from any AdvanceFlow folder and edit. Using View from AdvanceFlow will open the Checkpoint Engage engagement in read only mode. Checkpoint Engage with AdvanceFlow 29

30 Disclosure Open CX-13: Disclosure Requirements for from AdvanceFlow Folder to access Disclosure. Disclosure Topics Select the Topics you wish to include on the Disclosure Checklist. Icons Flag indicates that a Topic has been changed/modified Expands all Topics Add a Topic Edit a Topic Update Disclosure Checklist You are also able to Move Topics using Drag & Drop functionality. Checkpoint Engage with AdvanceFlow 30

31 Disclosure Checklist Complete the Disclosure Checklist. Icons Flag indicates that a Requirement has been changed/modified Add a Requirement Edit a Requirement Update Disclosure Checklist Enter comments to document decisions. Click blue text to link to licensed Standards in Checkpoint. Disclosure Note Examples open in Word where you can edit, save, print or copy and paste into another document Checkpoint Engage with AdvanceFlow 31

32 Diagnostic Report To run diagnostic report, select Diagnostics icon from Checkpoint Engage section of AdvanceFlow. Click the form title in blue text to open that form. Add Checkpoint Engage Documents Select Add Workpaper icon in AdvanceFlow then Select Checkpoint Engage as Source. This process should be used to add any PPC document from the industry title used to create the engagement. Checkpoint Engage with AdvanceFlow 32

33 Select document(s) and click Next. Enter the Workpaper Reference and Rollforward properties on the next screen. The document is added to the engagement. Checklists and Practice Aids are added in Checkpoint Engage format. Letters, reports, and a few selected practice aids are added in Word format. Checkpoint Engage with AdvanceFlow 33

34 Delete Planning Forms Use AdvanceFlow functionality to delete Checkpoint Engage planning forms. Use the delete icon from menu or right click on the document and delete. Confirm the delete question. The document is moved to the recycle bin. Right click on recycle bin folder and empty recycle bin. Checkpoint Engage with AdvanceFlow 34

35 Confirm the delete question. Document is removed from recycle bin. If a planning form was deleted that previously appeared on identify risk area of Checkpoint Engage, the document will also be deleted from that location. Do not delete risk assessment summary forms or audit programs using Advanceflow delete workpaper functionality. To make changes to selected audit areas, use Checkpoint Engage Properties, selected from the AdvanceFlow engagements pane on left side, to make changes to selected audit areas. Risk assessment forms and audit programs will be included or excluded according to those selections. Checkpoint Engage with AdvanceFlow 35

36 Add Checkpoint Tools Documents Best practice recommendation is to use Checkpoint Engage as the source of PPC documents from the industry title that was used to create the engagement. You may add documents from other Checkpoint Tools titles. Note: Thomson Reuters Virtual Office users must have Checkpoint Tools installed on your local computer or server in order to add Checkpoint Tools documents to an engagement in AdvanceFlow. AdvanceFlow does not integrate with Checkpoint Tools on Virtual Office. Select Add Workpaper icon in AdvanceFlow, Select Checkpoint Tools as Source, select the document. Checkpoint Engage with AdvanceFlow 36

37 Add SMART Docs to an Existing Client Engagement in AdvanceFlow that is linked to Checkpoint Engage To use Checkpoint Engage, you must link the client engagement in AdvanceFlow. Some firms are also using the desktop version of SMART Practice Aids for Single Audit, Compilation and Review, Disclosure, Internal Control. Documents generated from SMART can be added to an engagement linked to Checkpoint Engage by adding the workpaper from an external source. Note: A SMART engagement cannot be linked to a Checkpoint Engage engagement. In SMART, use Tools/Create SMART Docs, browse and select a folder location to store the generated documents that will be added to the client engagement in AdvanceFlow. Note: In the Thomson Reuters Virtual Office CS or SaaS environment, select a folder on your local drive, not a folder on Virtual Office server. In the AdvanceFlow client engagement, Select Add Workpaper icon, Select External as Source, browse and select the document. After the document is added to the AdvanceFlow client engagement, delete the document from the folder location on your computer, so that you don t maintain a duplicate copy of the document. Checkpoint Engage with AdvanceFlow 37

38 Document Generation Use AdvanceFlow functionality to create a bookmarked PDF of an engagement that includes Checkpoint Engage documents. Select Administration from AdvanceFlow Engagement Properties. Select Send to PDF in Engagement Properties Window. Complete selections and options to save document to local computer, and to store copy in GoFileRoom. Checkpoint Engage with AdvanceFlow 38

39 Remove Practical Considerations from Generated Documents Checkpoint Engage with AdvanceFlow 39

40 Rollforward When you roll an engagement forward in AdvanceFlow, a new engagement with a duplicate folder structure and account numbers is created in the next reporting period. This section of instructions will focus on rollforward of Checkpoint Engage documents. To initiate rollforward in AdvanceFlow, select Administration from AdvanceFlow Engagement Properties. Select Roll Forward in Engagement Properties Window. The Workpaper Roll Forward Settings dialog provides a list of all workpapers in the engagement. You can view or edit the roll-forward properties that were originally set up in the Workpaper Properties dialog for each workpaper in the engagement. Note: For Checkpoint Engage documents, the only roll forward properties setting is Exclude. This is correct at this point, as the rollforward of Checkpoint Engage documents will execute following the AdvanceFlow rollforward. Checkpoint Engage with AdvanceFlow 40

41 Checkpoint Engage with AdvanceFlow 41

42 To edit the roll-forward properties for multiple workpapers, hold the SHIFT or CTRL key and click to select multiple workpapers, right-click, and choose Properties from the context menu. Proceed thru the remaining screens to complete AdvanceFlow rollforward. After completion of AdvanceFlow rollforward, the yellow banner appears indicating a Checkpoint Engage roll forward setup is pending, click here to begin. In the Checkpoint Engage Setup window, select Rollforward Checkpoint Engage data. Checkpoint Engage with AdvanceFlow 42

43 1 Industry Select the industry title to use in the next period engagement. 2 General Rollforward Options Select general rollforward options. 3 Audit Area Rollforward Options On this screen, options are presented to select on each audit area to bring forward the prior period audit program intact (this means the exact audit program from prior period), or regenerate (to start with the current period audit program with updated content). Select the blue underlined words Intact and Regenerate for more information. Checkpoint Engage with AdvanceFlow 43

44 4 Workpaper Rollforward Options Checklist options: New, without responses New, with responses Audit program rollforward options use selections on previous screens. After rollforward is complete, a message will appear indicating successful rollforward. Checkpoint Engage with AdvanceFlow 44

45 Affirm message appears on forms after rollforward indicating answers from the prior engagement should be affirmed. Use the blue Affirm icon to affirm line items, or select Affirm All at top of screen to affirm all items on the form. Checkpoint Engage with AdvanceFlow 45