CaseWare Working Papers 2015

Transcription

1 CaseWare Working Papers 2015 Version : Source Below are some improvements to the software from Working Papers to our current release build. Interface Working Papers and CaseView have a new Ribbon user interface. Menus have been arranged/grouped according to activities users perform and enhanced tooltips have been provided. Improvements to the Open screen now including the New File screen, a Rename File pane and a Help pane. Updated Help System to include Web based help with search Revised Content New responsive look and feel Enhanced Note Viewer interface built into CaseWare Working Papers layout. We can now cater for Window resizing ensuring all data and controls remain visible and accessible. Importing Adjusting entries can be imported directly into the adjusting entries area in Working Papers from Excel and ASCII. Two new wizard screens have been added to the Excel and ASCII import wizard: Adjusting Entries Defaults and Advanced Specifications. Import support is now available for the following products: Microsoft Dynamics Great Plains 2010 and Quickbooks Canada/UK 2015 and Online. Sage 50 Accounting (Peachtree) Sage 50 Version 2016 Canadian (Simply) Sage 50 (US edition) 2016 (Peachtree) Quickbooks 2014 USA. Pastel version 14. Business Vision ProSystem fx Engagement version 7.0. Proven Solutions Accounting V15 MYOB 2015 Creative Solutions 2015 You can import up to four prior years of transaction data from Excel. The ASCII import now provides a summary of charts of accounts and general ledger balances;displaying new, modified, and duplicate accounts. Added the ability to import from MYOB AccountRight Live from three different locations: Local Machine, Network Server and Cloud. The Select Client field has been enhanced with an autocomplete feature. PDF Internal image viewer now able to open more and larger PDF files. Annotations can now be copied to automatic documents from PDF documents in the internal image viewer. 1

2 Performance Performance improvements for external consolidation, save compressed and assign mapping functions. External consolidation files should experience significant improvements in consolidation speed;especially in files with a large number of account balances, custom balances, mapping/grouping balances, etc. Improvement to the speed of opening, closing, expanding all items in the Assign Mapping dialog. Improvement to the file compression ratio and speed of CaseWare Working Papers. SmartSync Improved the intelligence of the Template Update functionality to prevent users from performing a template update on an engagement file if there are multiple sync copies offline. The Template Update bubble and menu item will direct users to the online help instructions when their engagement file is not in a state that can be successfully updated. Resolved crash occurring when syncing over an unstable network. Indicator from the Open screen if a file isn t fully synchronized. A user now has the ability to synchronize all engagement files from the Open screen using the Synchronize All button. This allows the user to synchronize a batch of engagement files. A user s rights to Abandon Synchronized Copies can now be limited via a Security Group set up in Protection. A user is provided the option to create a synchronized copy when attempting to open an engagement file that is currently opened by a second user. Option to download synchronize changed on demand allows a user to prevent document changed from being downloaded automatically. If a user closes CaseWare Working Papers while there are CaseView documents still open, they can now choose to be prompted, have the documents automatically closed, or leave documents open. SmartSync Server The File Service can now have multiple instances working from the same request directory rather than being limited to one. Fixed compatibility issue when accessing SmartSync Server on a Windows 10 operating system. Improved character handling where trailing periods and spaced at the end of a name is not allowed and will be trimmed. Cloud Integration A new Cloud Entity field in the Working Papers engagement properties enables users to match entities between Working Papers and Cloud. Working Papers engagement properties can be synchronized with entity properties in CaseWare Cloud. When you modify engagement properties in CaseWare Working Papers, the changes will be reflected in the corresponding Cloud entity's properties when you log in to Cloud. When you modify entity properties in Cloud the Working Papers file is updated when you next open it. Ability to drag and drop files into the Files pages on Cloud when accessing Cloud page within CaseWare Working Papers. Improved integration with CaseWare Cloud, including synchronization of Working Papers engagement properties with Cloud Entity properties and integration with CaseWare Q. Fixed integration compatibility issue between Cloud and SmartySync on a Windows 10 operating system. Consolidation sync can now be limited to View only by giving a user Viewer rights in Cloud. 2

3 CaseWare Connector 2015 Version: Below are some improvements to the software from Connector to our current release build. Fixed an issue where Dynamic Data Exchange links to Word documents were being truncated to 260 character 3

4 Audit System template Version: Rev A Important Update Requirement The SMSF profile is no longer included in Audit System due to the release of CaseWare s powerful new cloud based tool, SMSF Audit. SMSF Audit includes a number of significant efficiency enhancements and new technology that is not available in Audit System, such as direct integration with SMSF administration packages, smart procedures, a dynamic Trial Balance, automated workflows, job management tools, and much more. For more information on this new offering, or to register for one of our upcoming free, no obligation SMSF Audit presentations, please visit our new website: What's New in Audit 17.00? Constellations Constellations provides the ability to configure various views and reports to display all the key knowledge accumulated in the engagement file at different stages of the audit. Work Programs and Checklists Titles have been replaced by the use of groupings and sub groupings and therefore adding or modifying titles are now disabled. Mini Risk Report in Work Programs and Checklists will now display the Audit Response column. Mini Risk Report will now display a star icon for significant risks. You can now view procedures and responses in the Document Map. You can now add a Mini Management Letter Report in work programs. Risks and Controls Risk, Control and Reportable Items dialogs have been updated with a quick access doormat menu, apply button, cancel button and identifier field. Control dialog has been updated with Control Design, Changed since Previous Evaluation, Frequency of Control, Maturity Level fields. The Risk dialog will now grey out any assertions that are not relevant to the FSA area. The Risk and Control dialog will now display all Material and Non Material FSA. A conclusion section has been added to the control matrix determine if controls exist for the risk on each assertion and make an assessment on the control risk on each assertion. You can now filter, create, save and delete views in the control matrix. Control matrix layout has been updated to include all columns in the control dialog. These columns can be reordered and headings can be merged for improved usability and workflow. Added a spell check for all input description fields in risk, control and reportable item dialog. You can now launch the Risk, Control, and Reportable Item dialogs from the Template Toolbar. 4

5 Financial Statement Area (FSA) Improved the performance of the FSA document. Added the ability to automate the risk assessment level for inherent risk, control risk and Residual to populate in the FSA. You can now display all assertions rows by using the Display All Assertion Rows option from the right click menu. The Ref column will now display a risk counter that shows the number of risks for each FSA item and assertion. Significant risks will be identifiable with a star icon. You can now bring back programs for material FSA items which were deleted manually or by the Optimiser or from subsequent year. New warning icon will appear when the aggregate of proposed adjustments + final balance is greater than materiality. A prompt will now display if there are non material financial statements areas and direct the user to the Optimiser Confirmation Report to optimise their file. A warning flag will now display if any changes occur in the FSA after sign off. A warning flag will now display near any FSA assertions that are not being addressed by any audit procedures in the associated audit program. Added an Annotation column to the FSA with the ability to add notes, tickmarks and references. Reportable Items Selecting Refresh will now only overwrite any changes to reportable items that have been modified since the last time the report was refreshed. You can now add a table of contents and cover page to the Management Letter. You can now lock the configuration structure and areas settings for firm authors in the Management Letter. You can now create custom headers/footers including support for images. You can now sort the Management Letter by Classification, Rating, and Grouping. The Source column in the Management Letter Report will now display the linked procedure numbers and names beside the document numbers. You can now link a specific procedure to a reportable item in the Reportable item dialog. You can now add a status of reportable item in the Reportable item dialog. Optimiser The optimiser will now stop running when opening a work program once an FSA item is finalised. Selecting the checkbox in the Risk Assessment Completed column will indicate that the FSA item is finalised. The optimiser now has an option to insert procedures linked to a risk upon opening a document with the linked risk. New questions for the Design Implementation (3 150) and Sampling Worksheets (B.70 X.70) Sampling Improved calculations and automation Added ability to hide the inapplicable assertions Included sampling worksheets in WP Update Process New and update tags are now added to any new or updated documents after an update. Documents will now be placed based on its location in the Master Template. Improvements with smartsync. Users do not need to close their child copies when an update is being performed. 5

6 FinancialsIFRS Template Version: Important Files will now do functionality update on roll forward Files will now check for functionality updates when the financial statements document is opened Notes table of contents have the ability to create a TOC including notes in either the main TOC or as a separate TOC at the beginning of the notes to the accounts section. 2 new ACNC entities within the accounts Updated guidance for the directors report. New Audit Reports and compilation reports New Accountant s Report Disclaimer What's New in Financials 13.00? Updates Files will now do functionality update on roll forward Files will now check for functionality updates when the financial statements document is opened Rounding relations will now automatically turn off once a file is rolled forward. Content Management Content management tab lists out how many items are out of date or expired (after 10, it shows 10+) Single click to update note when the Highlight feature is active Options New Default button appearing on select dialogs to revert back to firm / CWANZ default settings New Notes Table of Contents option Content Updated compilation reports New format for Audit Report Guidance re instated for the Directors Report New ACNC entities New look dialogs for formatting table columns & DIY Tables Improved roll forward for PP&E and Intangible assets reconciliation tables New Accounting Standards for application in future periods Alternate table format, with additional table available from generic notes area 6

7 Disclosure Checklist Version: (Release 9) Updated Checklists AASB 2 Share Base Payment AASB 3 Business Combinations AASB 7 Financial Instruments: Disclosures AASB 8 Operating segments AASB 9 Disclosure of Interests in other entities AASB 101 Presentation of Financial Statements AASB 107 Statement of Cash Flows AASB 116 Property, Plant and Equipment AASB 127 Consolidated and Separate Financial Statements AASB 134 Interim Financial Reporting AASB 136 Impairment of Assets AASB 138 Intangible Assets AASB 140 Investment Property AASB 141 Agriculture AASB 1039 Concise Financial Reports Interpretations RDR Disclosure Checklist A Annual Directors Report Preparation Checklist Listed Public B Annual Directors' Report Preparation Checklist Unlisted Public Company Limited by Shares C Annual Directors' Report Preparation Checklist Proprietary Company D Annual Directors' Report Preparation Checklist Unlisted Public Company Limited by Guarantee Management Reporting Version: Amended the Mapping database and removed SMSF line disclosures from the documents. 7