CASEWARE /CPA Canada C-PEM AUDIT, REVIEW, AND COMPILATION C-PEM 2013 GETTING STARTED GUIDE

Transcription

1 CASEWARE /CPA Canada C-PEM AUDIT, REVIEW, AND COMPILATION C-PEM 2013 GETTING STARTED GUIDE

2 Copyright and Trademark Notice Copyright CaseWare International Inc. ( CWI ). All Rights Reserved. Use, duplication, or disclosure by the United States Government is subject to the restrictions set forth in DFARS (1)(ii) and FAR Notice to U.S. Government End Users. This publication and the related computer software was developed exclusively at private expense and for the purposes of U.S. acquisition regulations the related computer software is commercial computer software subject to limited utilization ( Restricted Rights ). This publication may only be copied and otherwise used as permitted in the applicable license agreement and, subject to the express terms of such license, use of this publication is subject to the following terms and conditions: All copyright and other proprietary notices must be retained on every copy made. CWI has not conferred by implication, estoppel or otherwise any license or right under any patent, trademark or copyright of CWI or of any third party. This publication is provided as is without warranty or condition of any kind, either expressed or implied, including, but not limited to, the implied warranties of merchantability, fitness for a particular purpose, or non-infringement. This and related publications may include technical inaccuracies or typographical errors. Changes are periodically made to CWI publications and may be incorporated in new editions. CWI may improve or change its products described in any publication at any time without notice. CWI assumes no responsibility for and disclaims all liability for any errors or omissions in this publication or in other documents, which are referred to within or linked to this publication. Some jurisdictions do not allow the exclusion of implied warranties, so the above exclusion may not apply to you. Should you or any viewer of this publication respond with information, feedback, data, questions, comments, suggestions or the like regarding the content of any CWI publication, any such response shall be deemed not to be confidential and CWI shall be free to reproduce, use, disclose and distribute the response to others without limitation. You agree that CWI shall be free to use any ideas, concepts or techniques contained in your response for any purpose whatsoever including, but not limited to, developing, manufacturing and marketing products incorporating such ideas, concepts or techniques. This publication is distributed internationally and may contain references to CWI products, programs and services that have not been announced in your country. These references do not imply that CWI intends to announce such products, programs or services in your country. Product names, logos, designs, titles, words or phrases within this publication may be trademarks, service marks, or trade names of CWI or other entities and may be registered in certain jurisdictions. Chromium Embedded Framework - Copyright (c) Marshall A. Greenblatt. Portions Copyright (c) Google Inc. All rights reserved. Printed and bound in Canada. CaseWare International 469 King Street, 2nd Floor Toronto, Ontario, Canada M5V 1K4 Telephone: Fax: Website: Revision Date Comment A October 2011 v. C-PEM 2011 B November 2012 v. C-PEM 2012 C October 2013 v. C-PEM 2013

3 Table of Contents 1. Getting Started Overview Disclaimer Copyright Enhanced vs. Standard Templates CaseWare /CPA Canada Enhanced Templates CaseWare /CPA Canada Standard Templates New Users Firm Installation and Customization Decision Tree Existing Users - Firm Installation and Update Decision Tree CaseWare Enhanced C-PEM Installations System Requirements Enhanced Templates CaseWare /CPA Canada C-PEM Enhanced Template Installation Enhanced Template Customizations Making Firm Customizations Firm Repackage and Distribution Retaining Firm Customizations in your Master Template from previous versions11 7. Creating an Enhanced Client File Creating a New Client File based on an Enhanced Template Creating a New Client File from Existing Client Data Getting Supplemental Documents for your File Updating Existing C-PEM Enhanced Client Engagement Files Minimum Version Requirements for Updating CaseWare /CPA Canada Audit, Review, or Compilation Enhanced Engagement Files Notification of an Update Update from Template Notification Template Update Updating From C-PEM Updating Documents Updates to Procedures in Work Programs and Checklists Updating From C-PEM Updating Documents New CaseWare Standard Template Installation System Requirements Standard Templates Standard Template Installation... 24

4 10. Creating a Standard Client File Creating a New Client File based on a Standard Template Creating a New Client File from Existing Client Data Getting Help Troubleshooting - Did you Encounter Problems? Technical Support Contact Us Appendix C-PEM 2013 Content Changes Audit Engagement Forms Review Engagement Forms Changes Made Between C-PEM 2011 and

5 1. Getting Started 1.1 Overview CaseWare International Inc. licenses certain content for C-PEM 2013 under agreement with the Chartered Professional Accountants of Canada (CPA Canada). The content provides non-authoritative guidance on applying auditing standards developed by the International Federation of Accountants (IFAC) and adopted in Canada as the Canadian Auditing Standards (CASs) by the Auditing and Assurance Standards Board in Canada (AASB). The content in CaseWare /CPA Canada C-PEM Audit, Review, and Compilation is based on the Canadian Professional Engagement Manual (C-PEM), which is described by CPA Canada as follows: The C-PEM is designed to: Assist practitioners performing assurance and compilation engagements for small and mediumsized entities (SMEs); and Promote consistent application of the Canadian Auditing Standards (CASs) and the review and compilation standards (other Canadian standards "OCSs") included in the CICA Handbook Assurance. The goals for C-PEM are to help practitioners: Educate and train professional accountants and students; Conduct high quality, cost-effective SME engagements; and Better serve the public interest. The purpose of the Canadian Professional Engagement Manual (C-PEM) is to provide practical guidance to practitioners in conducting audit, review and other assurance and compilation engagements for small- and medium-sized entities (SMEs). Problems unique to particular kinds of organizations such as listed entities (public companies) or specialized industries (such as municipalities and financial institutions) are not specifically covered. The sample forms, checklists, questionnaires and so forth provided in the accompanying file are useful practice aids that can save time and money while ensuring completeness and consistency. These forms are designed: For use by auditors who have at least some understanding of the CAS requirements. Consequently, it is highly recommended that staff receive some basic training on the CAS requirements and the use of the forms before they start work. To document the results of performing risk assessment procedures in a structured and systematic way. Such documentation facilitates the consistent assessment of risks, updating of new information in subsequent years and ease of file review. For use on all sizes of engagement. Condensed versions of the standard C PEM forms (where consider points and instructions have been omitted) have been provided for use by highly knowledgeable auditors (on CAS requirements) and on smaller audits where some of the CAS requirements may not be relevant to the particular entity. However, when using condensed forms (or a structured memorandum), the standard forms (that contain more details about the requirements) should be used as a reference guide. However, these practice aids do not address the wide range of circumstances, risk factors or specific industry issues that may exist for a particular client or groups of clients (such as those operating in a specialized industry). Consequently, the C-PEM forms should always be tailored to address the known facts and circumstances of each engagement. 1

6 The C-PEM is not a substitute for professional standards and the related pronouncements nor is it a substitute for the practitioner's professional judgment. It is an aid for understanding and consistently implementing these standards on SME audits and other engagements. It is anticipated users will: Read the original pronouncements It is assumed that practitioners have read and have a basic knowledge of the Canadian Auditing Standards (CASs) and Other Canadian Standards (OCSs). Exercise professional judgment in each engagement The practitioner's application of relevant knowledge and experience to the known facts and circumstances of each engagement is a key requirement to ensure informed decisions are made about matters such as materiality, nature and extent of procedures required, evaluation of evidence obtained and the drawing of appropriate conclusions. The content is updated on a regular basis by CPA Canada and practitioners should ensure that they are using the most up to date version of all forms. Condensed audit forms ("c" forms) are abbreviated versions of the standard C-PEM audit forms. They are designed primarily for use on smaller engagements by auditors who understand the CAS requirements. Compliance with CAS requirements is required regardless of what forms (standard, condense or memos to file) are used. Additional information is provided on the use of "c" forms on Form 001c. 1.2 Disclaimer These forms are designed to assist practitioners in the implementation of Canadian Auditing Standards" (CASs) for audit engagements and "Other Canadian Standards" (OCSs) applicable for review and compilation engagements. The forms are not intended to be a substitute for the CASs or OCSs. Practitioners should utilize these forms in light of their professional judgment and the facts and circumstances involved in each particular engagement. CaseWare International Inc. and the Chartered Professional Accountants of Canada disclaim any responsibility or liability that may occur, directly or indirectly, as a consequence of the use and application of these forms. 1.3 Copyright The C-PEM template is copyrighted by CaseWare International Inc. Use of this template is subject to CaseWare International Inc. s end user license agreement. All intellectual property rights in the software and content remain the exclusive property of CaseWare International Inc. or the Chartered Professional Accountants of Canada as the case may be. When using this template you must comply with the law, including without limitation, copyright laws. 2

7 2. Enhanced vs. Standard Templates When you install the CaseWare / CPA Canada templates, you will be asked which template you want to install. You can choose from the enhanced template format, the standard template format, or both. Before proceeding, please review the differences between the Enhanced and Standard templates and determine which template is appropriate for your Firm. 2.1 CaseWare /CPA Canada Enhanced Templates The CaseWare /CPA Canada Enhanced templates provide a standardized framework within which firms can customize and create content or that they can use out of the box. Firms can take advantage of the built-in automation, which promotes efficiency in the audit process. The CaseWare /CPA Canada Enhanced templates provide powerful functionality not available in the standard templates, including: Content Authoring standardized programs and checklists make it easy for firm authors to create and manage content. Right-click menu options provide simple to use functionality to add or customize existing content. Permissions exist to define work program/checklist presentation format and terminology. Customization options are available to define: Work program responses Procedure sign-off behavior Work program/checklist sign-off retention policies on year-end close process Assertions (Audit only) Financial Statement Areas options (Audit only) Risk options (Audit only) Control options (Audit only) Reportable items options Engagement Profiles (Audit only) These options are pre-configured in C-PEM. Content Management version tracking functionality exists within the enhanced templates to enable content to be tracked at the document and procedure level, ensuring that client files are always up to date with the latest firm and CPA Canada content. As the firm author, you define globally how future content updates are to be addressed in client files. Tracking Risk a centralized risk tracking system allows you to create, manage, and report identified risks. Record risks as they are identified throughout the audit by clicking in any document. Risks are stored centrally and then conveniently presented in the Risk Report and at the top of each work program. Risk properties and attributes are easily customizable by the firm author. Tracking Controls combined with the centralized risk tracking system, the enhanced template enables you to create and manage controls and associate controls to the relevant risks. Record controls by clicking in any document. Controls are stored in the central database and then reported in control matrices, displaying the relationship with risks and grouped by business cycle. Tracking Reportable Items as part of the client engagement process, reportable items may be identified. The accumulation of reportable items has been automated to help you easily manage and track 3

8 them. Record reportable items as they are identified throughout the engagement process by clicking in any document. Reportable items can be added from any work program or checklist and from other selected forms. Reportable items can also be linked to specific letters. Efficient Partner/Manager Review pre-set the Partner Manager Summary document in the customized template to present the information deemed important by the firm author for engagement executives. Multiple versions of the document can be created by copying and pasting and setting the filters to define the desired content. Financial Statement Areas (FSA) worksheet this worksheet provides a central source for reviewing material accounts, setting up business cycles, defining relevant assertions, and referencing the appropriate work programs. Used in the planning process, the FSA helps teams quickly and easily identify material accounts. Risk Report a comprehensive report providing detailed information of all risks identified in the engagement. Apply filters and views to present high-level information that is important to engagement executives or present detail information for engagement team members. Control Matrix a comprehensive report displaying detailed information about the controls and the association to relevant risks. Create multiple matrices to display the controls by business cycle or manage within a single matrix by applying business cycle filters. Work programs and checklists fully automated documents that are easily customizable by the firm and the engagement teams. Right-click menu options provide simple to use functionality to customize content, add existing content from the firm library, link procedures to identified risks, provide efficient signoff, automatically create an issue based on pre-defined responses, and much more. Management Letter Report - The management and presentation of findings can be organized into a collection of reportable items that is summarized in a Management Letter Report. A reportable item dialog enables you to collect findings and make recommendations. The Management Letter Report displays all of these findings in an easy-to-view format. You can then decide which findings are to be published to the management letter. Optimiser Assists engagement teams in building an effective audit by removing unnecessary documents based on checklist responses or materiality considerations in the Financial statement areas worksheet Engagement Profiles Specifies a set of documents, and, optionally, general options that enables the engagement team to tailor a client file for a specific type of engagement. The firm can customize the engagement types, or use CaseWare s pre-defined engagement profiles. When an engagement team creates a new client file from the template, an engagement profile can be selected from the list of available profiles. Note: Not all components are included in the enhanced Review and Compilation products, including: Risk Tracking, Risk Report, Control Tracking, Control Matrix, Financial Statement Areas Worksheet, Optimiser, and Engagement Profiles. In Audit enhanced, engagement profiles are configured to utilize various combinations of the template components. The enhanced templates must be installed on individual local workstations and should not be installed on a network. 4

9 2.2 CaseWare /CPA Canada Standard Templates The CaseWare /CPA Canada Standard templates include the content presented in the standard format prior to the introduction of the enhanced templates. As with the enhanced templates, the standard templates incorporate many of the basic Working Papers features, including: Document Manager - for easy access to all working papers Complete working papers - including leadsheets, ratio analysis, and account analysis Comprehensive chart-of-accounts - which you can modify to your own specifications Built-in diagnostics - to aid your file review Standard engagement and representation letters and materiality guidelines - which you can modify if you choose The standard templates do not include any of the Improved Functionality items that are incorporated into the Enhanced templates. In the Standard Audit template, all documents provided by CPA Canada are included on the Document Manager and need to be adjusted for each engagement. Many forms provided by CPA Canada are additional tools and not core documents. Refer to the C-PEM manual for guidance. 5

10 3. New Users Firm Installation and Customization Decision Tree Review the Firm installation and customization decision tree for new users to determine the applicable installation path for your firm. 6

11 4. Existing Users - Firm Installation and Update Decision Tree Review the firm update decision tree to determine the most appropriate installation and update options for your firm. Existing users should repackage to make a backup of their template prior to starting this decision tree. More information on repackaging is available in the Audit WebHelp here. 7

12 5. CaseWare Enhanced C-PEM Installations 5.1 System Requirements Enhanced Templates The CaseWare /CPA Canada Enhanced templates are designed for use with CaseWare Working Papers To run the CaseWare /CPA Canada Enhanced templates, you require: Working Papers version 2014 or higher installed 1 GHz 32-bit (x86) or 64-bit (x64) processor, 2 GHz or higher recommended Hard disk: Minimum 1,024 MB of system memory, 2,048 MB RAM or higher recommended for improved performance Minimum 544 MB for Audit Installation Minimum 122 MB for each open [24 MB closed] Audit C-PEM client file based on the OneForm+ Profile Minimum 280 MB for Review and Compilation installation Minimum 75 MB for each open [18 MB closed] Review C-PEM client file Note: Minimum 26 MB for each open [9 MB closed] Compilation C-PEM client file The CaseWare /CPA Canada C-PEM Enhanced templates (Enhanced) currently do not support a network installation. The templates must be installed on each workstation where they are to be used. However, you can install to a network ONLY if you are operating in a thin client environment, such as Terminal Server or Citrix. Each template must be installed on each workstation where it is to be used. Please make sure no other programs are running before you install the templates. In addition, disable any virus-checking software until you have finished the installation. Most viruschecking software interferes with the copying process done by the installation program. The size of the files will increase as content is added by the firm. Working Papers must be installed prior to installing Audit and Review/Compilation. 5.2 CaseWare /CPA Canada C-PEM Enhanced Template Installation Firm customizations made in a prior version of the template will not be retained upon installing C-PEM Users who wish to retain prior changes should contact CaseWare Support to receive the C-PEM 2013 patch. 1. Insert the CD into your CD-ROM drive. If the CD does not launch automatically, go to My Computer and double-click the icon for your CD-ROM drive to launch the CD manually. 2. From the screen, select Install C-PEM Select the Enhanced CaseWare /CPA Canada C-PEM options. 4. Click Install. The update process will commence. Follow the instructions on screen. There will be separate installation screens for each option selected. Note: Unless otherwise directed by your firm s IT team, the files are installed to the following directory: C:\Program Files\CaseWare\Document Library\ and C:\Program Files\CaseWare\Library. If necessary, you can change the default paths. 8

13 5. A dialog will appear to indicate the successful completion of the template installation. Click the Close button to continue. Note: If your Firm has provided an installation file, simply locate and run that installation file to start the process. The on-screen instructions will guide you through the installation process. 9

14 6. Enhanced Template Customizations 6.1 Making Firm Customizations A designated firm author can customize the Enhanced Templates with firm-specific content. The customized template can then be repackaged and deployed to staff to serve as the base template that they will use. Your Firm will require access to Author Mode to make any the following changes: Creating new Work Programs or Checklists Adding, deleting, or modifying procedures in existing Work-programs or Checklists Changing General Settings (Document AO), Please contact CaseWare technical support to unlock Author Mode in the template. Customizations to Review and Compilation are independent of those made to Audit and can be distributed independently. 6.2 Firm Repackage and Distribution If your firm has decided to make changes to the CPA Canada Work Programs and Checklists content, you will need to distribute your Firm s updated template to users. Please follow this process when creating a template with firm-customized C-PEM content: 1. Review the content included in the master file. You may prefer to maintain the default content provided and not make any of your own changes. In that case, just distribute the original Audit, Review, and/or Compilation installation provided by CaseWare; there is no need to repackage. 2. Customize any of the content in the Master file for your firm standards. Add all other firm documents (such as planning, controls, and wrap-up) to the Document Manager in the appropriate folders. 3. Repackage the customized template. You can lock the customized procedures prior to distributing to the users. Upon repackaging, the file you create is a.cwp file. More information on repackaging is available in the Audit WebHelp here. 4. Distribute the repackaged installation (.cwp file) to your users. The user then installs and applies the firm-customized version of the template to the client files. 10

15 6.3 Retaining Firm Customizations in your Master Template from previous versions Refer to the table below to determine if you have made changes to a Master Template in C-PEM 2011 or C-PEM 2012 that require an Update to be applied to your existing template. Please contact CaseWare Technical support at support@caseware.com or to receive an update which will allow you to update your Firm customized master template. Customization Type Adding supporting documents or renumbering General Settings (AO) changes Customizations including: Adding, deleting, modifying checklist/work program procedures, Creating new checklist/work programs Creating risk/control reports Creating new letters. Update Procedure Install the C-PEM 2013 template and add supporting documents into your master. This can be done from any existing client files through Copy Components. Note: Do not add any CaseView documents from previous versions of the C-PEM templates. This includes old work program or checklists. Install the C-PEM 2013 template. Obtain the customization password from CaseWare Support and make General Settings changes. Obtain the update by contacting CaseWare Technical Support. Run the update on your master template. Refer to the Appendix in this document for information about the content changes in C-PEM

16 7. Creating an Enhanced Client File The Enhanced templates can be integrated with your client data in the following ways: Create a new file based on Enhanced templates (no existing client data at the time of creation). Create a new file based on existing client data. 7.1 Creating a New Client File based on an Enhanced Template 1. In CaseWare Working Papers, select File New, select Create a new file, and click OK. 2. Type a name for your client file and select the appropriate template (Audit C-PEM, Review C- PEM, or Compilation C-PEM) file as the base file. All components of the selected template are copied automatically into your new client file. 3. After the copying is completed: A. For engagement files based on the Review C-PEM or Compilation C-PEM templates, all documents and components of the selected template will be included in the client file. B. For engagement files based on the Audit C-PEM template, an Engagement Profile Selector dialog will prompt you to select a default set of audit forms and template features for your engagement. Select the profile that best suits the engagement. All components of the selected template are copied automatically into the new client file. OneForm - "OneForm" profile includes automatic documents, work programs, materiality and the Financial Assertions Worksheet. It also includes "OneForm" - a memo document designed as a framework for CAS documentation requirements. OneForm + - "OneForm+" uses the "OneForm" profile and adds CaseWare's automated risk tracking and reportable item modules. Core Practice Aid Forms - "Core Practice Aid Forms" profile includes all available audit features and the Core documents as outlined in the Canadian Professional Engagement Manual (C-PEM). All Practice Aid Forms - "All Practice Aid Forms" profile includes all available audit features and all documents included in the Canadian Professional Engagement Manual (C-PEM). No Profile If selected, all documents from the master file will be copied into the client file. When a profile is selected, an Optimiser Checklist will automatically open, prompting the engagement team to answer a series of questions related to the engagement. Answering each question will mark the associated documents for deletion in the Optimiser Confirmation Report (AOCR). All work-programs and leadsheets will appear in Part III of the AOCR. Do not proceed with deleting these documents until materiality is completed. 4. Once all relevant documents have been included in the engagement file, the Engagement Properties dialog is displayed. Select the beginning and ending dates for your client s fiscal year and click OK. 7.2 Creating a New Client File from Existing Client Data A new file can be created from a client data source. Company details, accounts, journal entries, and other accounting data are imported from the specified data source and included in the new file. 1. Open CaseWare Working Papers, select Create a new file from client data, and click OK. 12

17 2. Bring in the trial balance by choosing one of three options: Client data file based on an existing QuickBooks accounting file Existing file based on an existing Working Papers file Other data source based on another accounting package 3. Click Next. Select the file whose trial balance data you wish to include in the new file. 4. Type a name for your client file and select the appropriate template (Audit C-PEM, Review C- PEM, or Compilation C-PEM) file as the base file. All components of the selected template are copied automatically to your new client file. 5. After the copying is completed: A. For engagement files based on the Review C-PEM or Compilation C-PEM templates, all documents and components of the selected template will be included in the client file. B. For engagement files based on the Audit C-PEM template, an Engagement Profile Selector dialog will prompt you to select a default set of audit forms and template features for your engagement. Select the profile that best suits the engagement. All components of the selected template are copied automatically into the new client file. OneForm - "OneForm" profile includes automatic documents, work programs, materiality and the Financial Assertions Worksheet. It also includes "OneForm" - a memo document designed as a framework for CAS documentation requirements. OneForm + - "OneForm+" uses the "OneForm" profile and adds CaseWare's automated risk tracking and reportable item modules. Core Practice Aid Forms - "Core Practice Aid Forms" profile includes all available audit features and the Core documents as outlined in the Canadian Professional Engagement Manual (C-PEM). All Practice Aid Forms - "All Practice Aid Forms" profile includes all available audit features and all documents included in the Canadian Professional Engagement Manual (C-PEM). No Profile If selected, all documents from the master file will be copied into the client file. When a profile is selected, an Optimiser Checklist will automatically open, prompting the engagement team to answer a series of questions related to the engagement. Answering each question will mark the associated documents for deletion in the Optimiser Confirmation Report (AOCR). All work-programs and leadsheets will appear in Part III of the AOCR. Do not proceed with deleting these documents until materiality is completed. 6. Once all relevant documents have been included in the engagement file, the Engagement Properties dialog is displayed. Select the beginning and ending dates for your client s fiscal year and click OK. 7.3 Getting Supplemental Documents for your File According to CPA Canada, The C-PEM audit risk forms are designed to document the results of work performed in a systematic and consistent manner. These sample forms are designed to facilitate the detailed/general review and enable the information collected to be updated and reused (where possible) in subsequent years. The use of any C-PEM form is matter of professional judgment. CPA Canada has provided a list of standard forms that would be completed on most audit engagements. When creating a client file based on the Enhanced Audit template, a dialog prompts you to select the engagement profile best suited to your engagement (OneForm, OneForm+, Core Practice Aid Forms, All 13

18 Practice Aid Forms). The extent of C-PEM forms included in your file will be dependent on which profile you have selected. If you require other forms listed in the Audit engagement file index, they can be added from the C- PEM - Document Library, which installs when you choose the Enhanced template. To include these additional documents in a client file, you must: 1. In the client file, select Insert New Document From Document Library. 2. Click the Source drop-down and select the appropriate C-PEM - Document Library. 3. Select the document(s) you wish to include in your client file and click Add. Note: Do not copy letters or other template documents from any previous templates or across templates (e.g. Audit to Review) as this will make the new template unstable and the new functionality will not work correctly. 14

19 8. Updating Existing C-PEM Enhanced Client Engagement Files Review the client engagement file decision tree to determine the appropriate update path for your engagement. 15

20 Client Engagement files can be updated conveniently and easily from a Master template. Users should install the latest version of CaseWare /CPA Canada Audit, Review, or Compilation templates which contains the files necessary to update your client engagement files To determine if the Enhanced Template has been installed, check the following: Open Working Papers. Select Tools Templates. If you see the Audit C-PEM. Review C-PEM, or Compilation C-PEM templates listed in the Templates dialog, you have the Enhanced templates. If you do not have the Enhanced Template installed, you are using the Standard Templates and should follow the instructions for the Standard Templates. Once the CaseWare /CPA Canada Audit, Review, or Compilation template has been installed and you open a client file, a notification bubble informs you that new updates are available. Dialog boxes enable you to control the updating of new functionality, documents, and procedures in work programs and checklists. Best Practice If you are using the SmartSync version of Working Papers then you should refer to the Working Papers help for information on template updates. You can find more information at _Software_Upgrades.htm. 8.1 Minimum Version Requirements for Updating CaseWare /CPA Canada Audit, Review, or Compilation Enhanced Engagement Files To update your existing files, your CaseWare /CPA Canada Audit, Review, or Compilation client engagement files must be version or This includes engagement files that were updated using the C-PEM 2012 (version 13.00) or C-PEM 2011 (version ) release. Updates from earlier versions of C-PEM are not supported. To check the version of your engagement file: 1. Open your engagement client file. 2. Open any CaseWare /CPA Canada Audit, Review, or Compilation Enhanced document such as a checklist or a work program. 3. From the Help menu, select About Audit / Review / Compilation and check the version number. 16

21 8.2 Notification of an Update Open an active client file in Working Papers. A notification bubble appears at the top left of the document manager, notifying an update is available. Click in the notification bubble to start the update process. Similarly, you can also click Check for Updates from the update popup menu Update from Template Status, in the status bar near the bottom right of the window. 8.3 Update from Template Notification An Update from Template Notification dialog appears, click Yes to continue with the update, or click No to postpone the update. Never, will no longer prompt you to apply functional or content updates to your file. The update can be prompted in the future from the update pop-up menu and will prompt again after a year end close. Note: Since the functional portion of the update is being applied to the entire file first, you may see all the documents in your client file in the documents section of this dialog. The following steps in the update 17

22 process will walk you through the documents for the content portion of the update. 8.4 Template Update The Template Update dialog appears when there is a new version of the template. Clicking Update will update the functionality of the client file, allowing the engagement team to take advantage of any functional improvements in the latest version of the template. Clicking Cancel will cancel the update process. Note: This dialog displays which version of C-PEM the client file is currently on. If you are updating from version (C-PEM 2012), refer to section 8.5 Updating from C-PEM If you are updating from (C-PEM 2011), refer to section 8.6 Updating from C-PEM

23 Note: During the update process, a Backup dialog will appear. This enables you to back up your client file before performing any updates. In this dialog, type the location of the backup folder. Click OK to perform the backup, or click Cancel to cancel the backup. 8.5 Updating From C-PEM Updating Documents The Document dialog appears if documents have been added, deleted, or changed as part of this update. 19

24 The file listing is collapsed by default. Click on each heading to view the individual documents in each section. For each document in the update, click on the checkbox under Add (selected by default), Delete (selected by default), or Update to include this document in the update, or click N/A to indicate it is not applicable and exclude it from the update. For example, if a document does not need to be in this engagement file, under the New Documents, select N/A and the document will not be brought into the file. 20

25 Once N/A is selected, the document will hide in the dialog and will stay hidden during future updates. Click the Show N/A checkbox at the bottom to display all items that have been selected as not applicable or if N/A was selected in error. Click the Update button to perform the document update, or click Skip to skip this step for now. The update bubble will prompt next time the file is opened if you Skip an update step. We recommend updating documents and procedures during a single content update. Note: The number beside New Documents may not match what is visible in the dialog. This number includes all documents in the master template regardless of whether or not they are new to C- PEM Only documents visible when the dialog opens are new to this version of the template. Select Show N/A to see a full list of documents that exist in the master template but not in your client file. Refer to the appendix for information on the content of new documents. Updated documents include the latest version of documents provided by CaseWare and CPA Canada. These items are not selected by default and user must select the update checkbox to update the documents. We recommend updating these documents as it will ensure you have the latest version in your file. Note that customizations made to these documents will not be retained if updated is selected. Refer to the appendix for information on updated documents Updates to Procedures in Work Programs and Checklists The Procedures dialog will appear if work programs and checklists contain new or updated procedures. Procedures can now be added or updated without needing to replace the entire document. For each work program or checklist in the update, click the N/A check box to ignore updates for this work program or checklist. Click Update to update all procedures in work programs and checklists that are not ignored, or click Skip to skip this step for now. The N/A checkbox selections are retained with the engagement and will stay checked for all subsequent updates. Click the Show N/A checkbox to display all items that have been selected as not applicable for this engagement. Note: Refer to the Appendix for detailed information on content changes. 21

26 8.6 Updating From C-PEM Updating Documents The Document dialog appears if documents have been added, deleted, or changed as part of this update. The file listing is collapsed by default. Depending on the number of documents that appear in this section, you may need to click on each heading for New Documents, Deleted Documents and Updated Documents to open the listing of documents affected. 22

27 For each document in the update, click on the checkbox under Add, Delete, or Update to include this document in the update, or click N/A to indicate it is not applicable and exclude it from the update. For example, if a document does not need to be in this engagement file, under the New Documents, select N/A and the document will not be brought into the file. Once N/A is selected, the document will hide in the dialog and will stay hidden during future updates. Click the Show N/A checkbox at the bottom to display all items that have been selected as not applicable or if N/A was selected in error. Click the Update button to perform the document update, or click Skip to skip this step for now. The update bubble will prompt next time the file is opened if you Skip an update step. Note: Significant changes were made to both the content and functionality of many documents in C-PEM 2012 in order to comply with changes made by CPA Canada. You must select each document your engagement file requires under New Documents, Updated to ensure you have the most recent copy. This includes documents shown as N/A. You must skip the procedure update if not updating documents. The number beside New Documents may not match what is visible in the dialog. This number includes all documents in the master template regardless of whether or not they are new to C- PEM Only documents visible when the dialog opens are new to this version of the template. Select Show N/A to see a full list of documents that exist in the master template but not in your client file. Refer to the Appendix for detailed information on content changes. 23

28 9. New CaseWare Standard Template Installation 9.1 System Requirements Standard Templates To run the CaseWare /CPA Canada Standard templates, you require: Working Papers version 2014 or higher installed 1 GHz 32-bit (x86) or 64-bit (x64) processor, 2 GHz or higher recommended Minimum 512 MB RAM, 1,024 MB RAM or higher recommended for improved performance Hard disk: Note: Minimum 33 MB for each open [7 MB closed] Audit client file Minimum 13 MB for each open [3 MB closed] Review client file The size of the files will increase as content is added by the firm. 9.2 Standard Template Installation 1. Insert the CD into your CD-ROM drive. If the CD does not launch automatically, go to My Computer and double-click the icon for your CD-ROM drive to launch the CD manually. 2. From the splash screen, select Install C-PEM Select the CaseWare /CPA Canada Standard C-PEM options (if you do not wish to install the Enhanced Template, it should be deselected). 4. Click Install. The update process will commence. Follow the instructions on the screen. There will be a separate installation screen for each option selected. Note: By default, the Standard Templates will install to the Data directory under your Working Papers. Example of the path would be: C:\Program Files\CaseWare\Data\C-PEM 2013\STDAUD or C:\Program Files\CaseWare\Data\C-PEM 2013\Review folder. 24

29 10. Creating a Standard Client File The Enhanced templates can be integrated with your client data in the following ways: Create a new file based on Enhanced templates (i.e., no existing client data at the time of creation) Create a new file based on existing client data 10.1 Creating a New Client File based on a Standard Template 1. In CaseWare Working Papers, select File New, select Create a new file, and click OK. 2. Select Existing File and select the appropriate Standard template, for example: Audit: C:\Program Files (x86)\caseware\data\c-pem2013\stdaud Review: C:\Program Files (x86)\caseware\data\c-pem2013\review 10.2 Creating a New Client File from Existing Client Data A new file can be created from a client data source. Company details, accounts, journal entries, and other accounting data are imported from the specified data source and included in the new file. 1. In CaseWare Working Papers, select File New, select Create a new file from client data, and click OK. 2. Bring in the trial balance by choosing one of three options: Client data file based on an existing QuickBooks accounting file Existing file based on an existing Working Papers file Other data source based on another accounting package 3. Click Next. Select the file whose trial balance data you wish to include in the new file. 4. Click Next. Type a name for your client file, select Existing File, and select the appropriate Standard template: Audit: C:\Program Files (x86)\caseware\data\c-pem2013\stdaud Review: C:\Program Files (x86)\caseware\data\c-pem2013\review 5. Click Finish. All components of the template are copied automatically to your new client file. 25

30 11. Getting Help CaseWare /CPA Canada Audit, Review, and Compilation includes all forms authored by CPA Canada. Any questions or concerns on the content of the forms should be directed to CPA Canada Troubleshooting - Did you Encounter Problems? Ensure that you have write privileges in the directories specified for the installation. Ensure that there is enough free disk space on the hard drive to meet the system requirements listed in this guide. Refer to the Norton AntiVirus section below if you receive a message indicating a malicious script being detected. Norton AntiVirus If you are using Norton AntiVirus and running the Enhanced CaseWare /CPA Canada templates, you may receive a warning from Norton of a malicious script being detected. This warning tells users that a running program is creating documents on their system. Since this is how the Enhanced CaseWare /CPA Canada templates generate many of their files, Norton AntiVirus identifies the Enhanced CaseWare /CPA Canada templates as a potential problem. The first time that the message appears, the user should select the Authorize this Script option to tell Norton that Enhanced CaseWare /CPA Canada templates is a trusted application. This prevents any future alerts when using the program. Note that FileSystemObject activities continue to be monitored, so any worms using this object will still be detected. Help The CaseWare /CPA Canada Audit, Review, and Compilation Enhanced templates come equipped with a complete Help system. Help can be accessed by using the Help Button icon from the toolbar or by using the Help button in dialogs. CaseWare QuickVids CaseWare QuickVids for CaseWare /CPA Canada Audit, Review, and Compilation provide quick tutorials of the key functionality in Audit. Streamed in video format, the QuickVids will help you take advantage of the many powerful features in Audit. Throughout the help, QuickVids topics are indicated by. To view the QuickVids, visit the Audit Help Centre on the CaseWare International website ( Remember to check back regularly as QuickVids are added to the CaseWare website. Frequently Asked Questions CaseKnowledge is an online knowledge base of current information with materials related to CaseWare /CPA Canada Audit, Review, and Compilation. Common questions and concerns are addressed and solutions presented. Open to the C-PEM CaseKnowledge page on the CaseWare web site in your browser to explore these resources. Remember to check back regularly as articles are added often Technical Support The CaseWare Support Network offers you a wide range of choices and access to high quality, responsive technical support. 26

31 Before contacting technical support, please consult the online Help and any other documents included with this package as your first source to solve a problem. Check the CaseWare website at for the latest troubleshooting and technical information. If you are unable to find the templates, you can receive information about obtaining CaseWare Technical Support by contacting CaseWare International. What you need to tell us When you contact technical support, you should be at your computer and have your documentation handy. Be prepared to provide the following information: Your Client number The product version number The type of computer hardware you are using The Working Papers version number, found by clicking the Help menu and selecting About The software version number of MS-Windows The exact wording of any messages that appear on your screen A description of what happened and what you were doing when the problem occurred A description of how you tried to solve the problem 11.3 Contact Us Comments and suggestions about our software and this manual are appreciated. As a user of our products, you are in a unique position to provide ideas that have an impact on future releases of this and other products. For comments or concerns please contact CaseWare Support at or support@caseware.com. 27

32 12. Appendix C-PEM 2013 Content Changes CPA Canada has included the following information about the content changes: A summary of all modified documents changed is set out below. Note that there are no major revisions to the C-PEM forms this year. This was deliberate following the extensive changes that were made last year. It is the responsibility of the preparer to ensure that documents are updated where required. All revised documents are located in the document library. The master template update includes the rearrangement of the document manager in your master file. The order of documents that appears in the document manager has been streamlined for ease of use. The firm should review the document manager and perform a one-time rearrangement if needed. Any firm authored folders or documents will appear either the top of the document manager or at the top of their respective folder. The document manager of engagement files will not be rearranged, with the exception of any new or updated documents appearing at the top of the document manager Audit Engagement Forms New C-PEM Forms Form Number Form Name Description MAP C-PEM Audit map This form provides a step-by-step overview (road map) of what is involved in performing an audit along with references to the CAS requirements and relevant C-PEM forms. 437 Worksheet - Fraud scenarios This worksheet is designed to help auditors identify possible fraud scenarios that could exist within the entity being audited. Minor Revisions to Existing Audit C-PEM Forms Form Number Form Name Description 001 Audit file index Revised to include references to the new forms. 405 and 405c New engagement - Acceptance 410 and 410c Existing engagement - Continuance Minor revisions were made to include a question on whether an engagement quality control review (EQCR) is required and a revised signoff to include signature lines for the preparer and the partner/practitioner. A minor revision was made to include a question on whether an ECQR is required. 426 and 426c Planned risk assessment Some of the wording was revised for 28