Release notes

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What's new in Version 2019.02...

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What's new in Version 2019.01...

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What's new in Version 2018.02...

 

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What's new in Version 2018.01...

 

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What's new in Version 2017.02...

 

 

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What's new in Version 2017.01...

 

 

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What's new in Version 2016.01...

 

 

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What's new in Version 2015.01...

 

 

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What's new in Version 2019.02 – October 2019 

 

·    Version:

This release is available for use with CaseWare Working Papers 2017 and later.

This release includes CPA Canada Professional Engagement Guide (“CPA Canada PEG”) revisions up to and including the October 2018 PEG update.

·    Revisions:

Audit template:

Completely converted to the PEG version of the Audit template. 

PEG working paper references can be found in the description of a working paper.  (For example: Ctrf+F 590)

Renumbering of sections to more appropriately match the newer versions the Review Engagement and Compilation templates.

 

Review & ASNPO templates:

Small changes and formatting fixes

 

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What's new in Version 2019.01 – June 2019 

 

·    Version:

This release is available for use with CaseWare Working Papers 2017 and later.

This release includes CPA Canada Professional Engagement Guide (“CPA Canada PEG”) revisions up to and including the October 2018 PEG update.

·    Revisions:

 

Review & ASNPO templates:

Financial reporting framework – Updates to the following PEG worksheets:

Small changes and formatting fixes

 

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What's new in Version 2018.02 - November 2018 

 

·    Version:

This release is available for use with CaseWare Working Papers 2016 and later.

This release includes CPA Canada Professional Engagement Guide (“CPA Canada PEG”) revisions up to and including the October 2018 PEG update.

·    Revisions:

Audit template:

Financial statements – Independent Auditor’s Report. Was updated to include changes to multiple CAS updates required as of December 15, 2018.

New – 2D – Key audit matters worksheet. To document key audit matters that the auditor decides (or is required) to communicate in the auditor's report in accordance with CAS 701.

 

Review & ASNPO templates:

Financial reporting framework – Updates to the following PEG worksheets:

1. 2E.1 “FRF - ASPE – General”

2. 2E.2 “FRF - First time adoption of ASPE”

3. 2E.4 “FRF - ASPE - Long term investments”

4. 2E.5 “FRF - ASPE – Leases”

5. 2E.8 “FRF - ASPE – Supplementary”

Small changes and formatting fixes

 

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What's new in Version 2018.01 - August 2018 

 

·    Version:

This release is available for use with CaseWare Working Papers 2016 and later.

This release includes CPA Canada Professional Engagement Guide (“CPA Canada PEG”) revisions up to and including the August 2018 PEG update.

·    Revisions:

All templates:

Multiple documents:

1. Multiple roll forward cells have been adjusted.

2. Calendar control has been added to date cells.

3. Adjusted non-printed headers.

4. Minor bug fixes. Getting started with the templates – August 2018 Page 20

FS- Financial statements:

1. Added a warning when the Report date is missing.

2. Fixed spacing on Long term debt/Capital lease note when sorted.

3. Removed tooltips showing on some cells in the Partner’s equity statement.

4. Changed prepopulated statements for Adverse and Disclaimer of Conclusions on the Review Engagement Report.

5. Added in the use of digital signatures and the firm’s address on the financial statement report for paperless production of the financial statements.

2B- Management letter: Updated Alberta Tax section.

3B- Engagement letter:

1. Fixed page numbering issue.

2. Fixed minor spelling and spacing errors.

3. Added back money laundering paragraph to notice to reader’s version.

L.2- Prepaid expenses analysis: Set up sorting of items for better accessibility.

U.2- Added instructions of procedures to follow when you run out of lines in a section, and how to best deal with disposals.

10.11- Management salaries analysis: Changed cell sizing to exact so they don’t expand and create formatting problems.

Mapping:

1. Added separate mapping number for marketable securities that shows as a current asset on the financial statements.

2. Added mapping numbers for “long-term loans receivable” and “other assets”.

Review & ASNPO templates:

Multiple documents: Updates to many checklists and worksheets from changes to the “Professional Engagement Guide” (PEG) update for August 2018.

3A- Client Profile: Added a numbering system to the topics.

3A.4- Engagement scope: Most cells now auto-populate correctly.

2C.4- Analyitical review: Added more auto-populated totals and ratio calcuations.

3D- Materiality assessment: Prepopulated common users/ topics for intended use of the financial statements.

Audit template:

Multiple documents: Removed any references to “CGA” on all checklists and working papers.

Mapping:

Changed FF and TT sections to match the Review template.

Sections B, E and GG have not yet been added and are anticipated to be included with any corresponding checklists.

·          

 

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What's new in Version 2017.02 - November 2017 

 

·    Version:

·    This release is available in two formats, one for use with CaseWare Working Papers 2016 (the current version) and one for use with CaseWare Working Papers 2015.

·    This release includes CPA Canada Professional Engagement Guide (“CPA Canada PEG”) revisions up to and including the November 2017 PEG updates.

·    Revisions:

·    All templates:

·    Financial Statements: added “Cash and cash equivalents / Bank overdraft” note to disclose multiple account balances.

·    Review – ASPE - PEG templates:

·    "Independant Practitioner's Review Engagement Report" has been added for periods ending on or after December 14, 2017. Check box is available to use the "Review Engagement Report" for all other periods.

·          New:

·    Review - ASPE - PEG, Review - ASNPO - PEG and Compilation - PEG templates:

·    These templates are to be used for periods ending on or after December 14, 2017.

·    New leadsheets, along with new default accounts and mapping numbers.

·    Most checklists are now in Caseview. This allows for easier updating through the "Update to current version" feature.

·    PEG Template Key (00.5) lists the PEG form numbers and the corresponding number inside the template.

·    Some documents have been moved to "Template Documents Not in Use" including the PP&E lists which have been replaced by (U.2) in vesion 2017.01 and most manual document placeholders.

·    Some Pre-PEG checklists that have not been directly replaced by new checklists (eg: payroll liabilities and sales tax, etc.) have been kept in the template for additional procedures.

·    Most caseview documents have some small changes made to them. Make sure that all caseview documents are updated to the current version before use.

·          

 

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What's new in Version 2017.01 - June 2017 

 

·    Version:

·    This release is available in two formats, one for use with CaseWare Working Papers 2016 (the current version) and one for use with CaseWare Working Papers 2015.

·    This release includes CPA Canada Public Practice Manual (“CPA-PPM”) revisions up to and including the November 2016 CPA-PPM updates.

·    Revisions:

·    All templates:

·    Financial Statements: Prevented the line “Contingent Liability” showing on the Balance Statement when there is no number associated with it.

·    Management Letter: Added a paragraph for tax payments and instalments if in more than one jurisdiction.

·    Client Profile: “Bookkeeper” cell added to easily distinguish between internally and externally bookkept clients. Also added cell for the name of the bookkeeper.

·    Representation Letter: Updated to automatically show the paragraph relating to uncorrected financial statement misstatements when “Unrecorded Journal Entries” (3E.11) is signed off as prepared.

·    Summary of unadjusted misstatements - Number changed from 3G.11 to 3E.10

·    Unrecorded journal entries - Number changed from 3G.12 to 3E.11

·    Audit – CAS template: Revised checklists per November 2016 CPA-PPM updates.

·    Review – ASPE & ASNPO templates – Revised checklists per November 2016 CPA-PPM updates.

·          New documents:

·    Property, plant and equipment schedule (U.2): – New document that consolidates asset lists, cost, amortization and net book value into one worksheet. Can be used with both straight line and declining balance amortization methods. Also includes salvage values and gains/losses.

·          Intangible asset schedule (V.5): – Same as U.2 but for intangible assets.

 

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What's new in Version 2016.01 - July 2016

·    Version:

·    This release is available for use with CaseWare Working Papers 2015 and later.

·    This release includes CPA Canada Public Practice Manual (“CPA-PPM”) revisions up to and including the May 2016 CPA-PPM updates.

·    Revisions:

·    All templates:

·    Financial Statements:

1.    Created a checkbox on the Balance Sheet to show extended detail for Property, Plant and Equipment.

2.    Changed default order of financial statements to show the Balance Sheet before the Income Statement.

3.    Width of cells have been changed to prevent certain words and percentages being cut-off.

4.    “Sort long-term debt” has been removed from being printed with notes to financial statements.

5.    Title page (TP) – New document for an optional financial statement title page.

·    Management Letter:

1.    Added a ‘radio’ button under adjusting entries to include an import file.

2.    Fixed spelling of “installments” to “instalments” for consistency throughout.

3.    Added fully customizable freeform paragraphs.

·    Engagement Letter – Fixed spelling of “repesentatives” to “representatives”.

·    Prepaid expense analysis (L.2):

1.    Expanded to include a fourth expense account.

2.    Updated to hide some unused rows.

·    Due to/from related party analysis (MM.3):

1.    New document for a 2nd related party

2.    Updated to hide unused rows.

·    Shareholder loan (RR.4):

1.    New document for a 3rd shareholder’s loan.

2.    Updated to hide unused rows.

·    Query sheets (4B.1) – Transferred from Microsoft Word into Caseview.

·    Updated GIFI codes for vehicle expenses and freight & delivery expenses.

·    Audit – CAS template:

1.   Purchases, payables, & pymts - Internal control questionnaire – CAS (3R.A352): - Header changed from “revenue and receivables” to “purchases and invoices”.

2.   Multiple documents:

1.    Drop-down boxes updated for consistency.

2.    Fixed alignment to prevent letters being cut-off.

3.   Revised checklists per May 2016 CPA-PPM updates.

·    Review – ASPE template – Revised checklists per May 2016 CPA-PPM updates.

·          New documents:

·    Answers to prior year notes (0.0A) – New document to carry forward and answer “Notes for next year”.

·    Issues (4B) – New document to show issues created as “client issues” in order to keep correspondence of what is required by the client.

·    GST/HST reconciliation (FF.17): - New document to aid in GST/HST analysis. Calculates the differences between GST/HST recorded and GST/HST remitted keeping separate collected amounts and ITC’s in order to figure out amounts over/under remitted. Automatically transfers data into GST/HST Analysis (FF.15).

·    Management salaries analysis (10.11) – New document to aid in historical tracking of management salaries. Keeps track of timing differences between expensed salaries and T4 amounts as well as

Index files created for: excel documents (.E0), email (.L0), and scans (.S0). Enables consistent numbering sequences by staff. Proper use: click on A.E0. Right click, new, excel document, or copy and paste documents. You will note the number automatically shows A.E1, A.E2, etc.

 

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What's new in Version 2015.01 and 2015.01a - January to July 2015

 

1.   Version:

 

2.   Version 2015.01a addressed some technical issues, but is not a required update for users. Users may opt to install this minor version. It is available in two formats, one for use with CaseWare Working Papers 2015 (the current version) and one for use with CaseWare Working Papers 2009, 2010, 2011, 2012, 2013, and 2014.

 

3.   Firms using Version 2015.01 may continue to use this version as it will remain current until the next major version is released. This release was available in two formats, one for use with CaseWare Working Papers 2014 and one for use with CaseWare Working Papers 2009, 2010, 2011, 2012, and 2013.

 

4.   The CPA Canada Public Practice Manual (“CPA-PPM‛) release dated May 2015 did not include any revisions affecting the Templates.

 

5.   Versions 2015.01 and 2015.01a include CGA Canada Public Practice Manual (“CGA-PPM‛) revisions up to and including the November 2014 CGA-PPM release.

 

 

 

6.   Revisions:

 

7.   All templates

1.    Financial statements:

 

·      Added new CPA Handbook terminology “joint arrangements‛ in accounting policies note (user selectable - “joint ventures‛ also remains available to user)

 

·      References to CICA Handbook are changed to CPA Handbook (This only affects the viewable information appearing with the notes (not the printed financial statements)

 

8.   

 

1.    File Profile (0.0P):

 

·      Added new settings for CGA or CPA affiliate and for relevant ethics rules, to accommodate firms as they transition from CGA to CPA. As these changes affect all engagement letters and independence letters, all client files must include the revised File profile, the revised engagement letter, and (if applicable) the revised independence letter for this new feature to function correctly. Users are reminded to follow these steps in each existing client file:

 

o  Open File Profile: Use the “Update to Current Version‛ button to merge the new revisions with the existing File Profile (When prompted: “Would you like to keep entered data for input cells and paragraphs?‛ - answer “YES‛.)

 

o  Review and edit all options in the File Profile (Only the new options will require attention if you chose to “keep entered data‛ as recommended above.)

 

o  Repeat 1 and 2 in the engagement letter

 

o  If applicable, repeat 1 and 2 in the independence letter

 

·      Updated web link to CICA document

 

·      Corrected links to D J McNeill website and e-mail

 

·      Documented the current template version date and number

 

2.    Engagement letters – Changed links to File Profile to pick up relevant references to CGA or CPA, applicable affiliate, and the appropriate ethics rules

 

9.   All audit and review templates:

1.    Independence letters – Changed links to File Profile to pick up relevant references to CGA or CPA, applicable affiliate, and the appropriate ethics rules; other wording changes

 

2.    Revised checklists per November 2014 CGA-PPM

 

 

10. Compilation template – no additional changes

 

11. Getting started.docx and help.html – Corrected web links to www.djmcneill.com

 

 

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What's new in Version 2014.02 - July 2014

 

12. Version:

 

13. This release was available in two formats, one for use with CaseWare Working Papers 2014 and one for use with CaseWare Working Papers 2009, 2010, 2011, 2012, and 2013.

 

14. This release includes CGA Canada Public Practice Manual (“CGA-PPM‛) revisions up to and including the May 2014 CGA-PPM release.

 

 

 

15. Revisions:

 

16. All templates

1.    Financial statements - no changes

 

2.    Engagement letters and other correspondence - no changes

 

 

3.    File Profile (0.0P):

 

·      In the Accounting firm information section, "Chartered Professional Accountant" replaces "Certified Public Accountant" to facilitate the future use of this new Canadian designation in the templates

 

·      Documented the current version date and number

 

17. All templates except ASNPO:

 

1.    Mapping:

·      Changed the name of Map 370 to “Change in accounting policy‛ in response to a concern that the former map description (“Prior period adjustment‛) is a term not used in ASPE. For appropriate use of map 370 for either a change in accounting policy or correction of prior year error, please refer to CPA Canada Handbook - Accounting, Part II, Section 1506 “Accounting changes‛. When reporting on the financial statements any amounts mapped to 370, the name of the map account may be edited as necessary to reflect the appropriate financial statement line item description.

 

 

18. Compilation template - no additional changes

 

19. Review – ASPE template - no additional changes

 

20. Review – ASNPO template - no additional changes

 

21. Audit– CAS template:

1.    Documents revised to comply with CGA-PPM revisions:

·      MM.C511: Related party transactions (for NPOs & GNFPOs) checklist

 

·      SS.C391: Net assets (for NPOs and GNFPOs) checklist

 

·      ZZ.C550: Foreign currency translation checklist

 

·      10.C411: Revenue (for NPOs & GNFPOs) checklist

 

·      10.C461: Expenses (for NPOs and GNFPOs) checklist

 

 

 

 

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What's new in Version 2014.01 - January 2014

 

22. Version:

 

23. This release was available in two formats, one for use with CaseWare Working Papers 2014 and one for use with CaseWare Working Papers 2009, 2010, 2011, 2012, and 2013.

 

24. This release includes CGA Canada Public Practice Manual (“CGA-PPM”) revisions up to and including the November 2013 CGA-PPM release.

 

 

 

25. Revisions:

 

26. All templates

1.    Financial statements - no changes

 

 

2.    File Profile (0.0P):

 

·      Documented the current version date and number

 

3.    Engagement letters:

·      Revised references to “generally accepted auditing standards‛

 

·      Corrected FINTRAC reporting requirements

 

 

27. Compilation template - no additional changes

 

28. Review – ASPE template - no additional changes

 

29. Review – ASNPO template - no additional changes

 

30. Audit– CAS template - no additional changes

 

 

 

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What's new in Version 2013.02 - July 2013

 

●            Version:

 

●            This release was available in two formats, one for use with CaseWare Working Papers 2013 and one for use with CaseWare Working Papers 2009, 2010, 2011, and 2012.

 

●            This release includes revisions relating to the May 2013 release of the CGA Canada Public Practice Manual (“CGA-PPM").

 

 

●            Revisions:

 

●            All templates

              ○            Financial statements:

 

 

                            -             Accounting Policies note – added a sort option to the list of amortization rates of PP&E

 

                            -             Ensured that all sort cells in FS include a default sort

 

                            -             Fixed the sort functions to correct a problem that prevented sorting of balance sheet items in certain circumstances

 

                            -             Removed redundant word: “OTHER‛ on income statement with %’s (to match income statement w/o %’s)

 

                            -             Removed demand loan line from balance sheet-initial year (to match 2-column balance sheet)

 

                            -             Revised the line spacing on the retained earnings statement, partnership equity statement, and NPO net assets statement (for consistency with other statements)

 

                            -             Revised cell C780 in the rounding adjustments section to correctly calculate and report a rounding error on the statement of net assets

 

                            -             Revised cell J108 and P10012 in the Report to correctly identify the statement of deficit and the statement of income and deficit

 

                            -             Set cells J107, J108, and J114 to input cells to facilitate user editing when the user firm’s preference is to use “Loss‛ in the title of a financial statement

 

                            -             Revised cells J108 and P10012 to correctly identify the NPO statement of operations and changes in net assets when this is presented as one statement

 

                            -             In rounding section, set item related to transition date balances to be hidden in a compilation

 

                            -             Share capital note: Revised print conditions for authorized share capital

 

              ○            File Profile (0.0P):

 

                            -             Revised terminology to eliminate use of “substantial completion‛

 

                            -             Documented the current version date and number

 

              ○            Personally-owned vehicle expense analysis (RR.7):

 

                            -             Added 2013 CRA auto use rates

 

 

              ○            Engagement letters:

                            -             Revised cells J108 and P10012 to correctly identify the statement of deficit and the statement of income and deficit. Set J108 as an input cell to facilitate user editing when the user firm’s preference is to use “Loss‛ in the title of a financial statement

 

 

              ○            Help file:

                            -             Additional guidance added for use of indirect cash flow method

 

 

Compilation template:

 

              ○            Client representation letter:

                            -             Revised cells J108 and P10012 to correctly identify the statement of deficit and the statement of income and deficit. Set J108 as an input cell to facilitate user editing when the user firm’s preference is to use “Loss‛ in the title of a financial statement

 

                            -             Revised cells J108 and P10012 to correctly identify the NPO statement of operations and changes in net assets when this is presented as one statement

 

 

Review – ASPE template:

 

              ○            CGA-Canada revisions affected these documents:

                            -             2C.A4, N.A19, V.A21, FF.A27, 10.A38

 

              ○            A.A14: corrected typo

 

Review – ASNPO template:

 

              ○            CGA-Canada revisions affected these documents:

                            -             2C.N-A4, N.N-A19, V.N-A21

 

              ○            A.N-A14: corrected typo

 

 

Audit – CAS template:

 

              ○            CGA-Canada revisions affected these documents:

                            -             2C.D210, 2C.D211

 

                            -             A.C210, C.C230, D.C240, L.C250, N.C260, N.C261, U.C270, U.C275, V.C280

 

                            -             BB.C320, FF.C330, KK.C310, LL.C350, MM.C510, SS.C390, SS.C392, ZZ.C520, ZZ.C530, ZZ.C540, ZZ.C550, ZZ.C560, ZZ.C565, ZZ.C566

 

                            -             10.C410, 10.C460

 

 

 

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What's new in Version 2013.01 - January 2013

 

                            -             Version:

 

                            -             This release was available in two formats, one for use with CaseWare Working Papers 2012 and one for use with CaseWare Working Papers 2009, 2010, and 2011.

 

                            -             This release includes revisions relating to the November 2012 release of the CGA Canada Public Practice Manual (“CGA-PPM").

 

 

 

                            -             Revisions:

 

                            -             All templates

 

                                                         *             Financial statements:

                                                                       +            The signature lines on the balance sheet have been revised to read “On behalf of the Board‛ for corporations and not-for-profit organizations or “On behalf of the Partners‛ for partnerships.

 

                                                                       +            A new option has been added to the income statement. When selected, all details in the cost of sales section are reported in a new note, and only the total is reported on the income statement. The total reported in the note matches the single amount in the income statement.

 

 

                                                         *             File Profile (0.0P): In the Working Paper variances section, the variance linkage to BB.12 (Accounts payable) was corrected.

 

                                                         *             Automobile benefits (RR.5 and RR.6): Calculations of GST/HST on automobile standby charges and on operating expense benefits have been revised.

 

                                                         *             GST/HST reasonableness (FF.16): Lines added to allow for entry of out-of-province sales at difference GST/HST rates.

 

                                                         *             Indicators of suspicious transactions (3C.363): Revised per Nov 2012 PPM

 

                            -             Audit - CAS template

 

                                                         *             Changes in policies & correction of prior periods checklist (for PEs) (ZZ.C565): Revised per Nov 2012 PPM

 

                                                         *             Differential reporting letter (P74): Removed from template, as it applied only to the Pre-changeover accounting standards

 

                                                         *             Engagement quality control reviewer's checklist (2.123W): Replaced by 2.123WX (new filename: 123.docx)

 

                            -             Review – ASPE and ASNPO templates:

 

                                                         *             Planning checklist (3A.A7 and 3A.N-A7): Revised per Nov 2012 PPM

 

                                                         *             Engagement quality control reviewer's checklist (2.123W): Replaced by 2.123WX (filename - 123.docx)

 

                            -             Review – pre-changeover GAAP template (previously discontinued):

 

                                                         *             The Knowledge library for pre-changeover and legacy templates has now also been discontinued.

 

 

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What's new in Version 2012.02 - July 2012

                            -             Version:

 

                            -             This release was available in two formats, one for use with CaseWare Working Papers 2011 and one for use with CaseWare Working Papers 2009 and 2010.

 

                            -             This release includes revisions relating to the May 2012 release of the CGA Canada Public Practice Manual (“CGA-PPM").

                            -             

 

 

                            -             Revisions:

 

                            -             All templates

                                                         *             In the adjusting entries, the templates have always included a memo entry that provides posting instructions to your client. This memo was previously identified in the adjusting entry number field with the * character. This memo is now identified as adjusting entry 0 (zero) and is designated as a recurring entry. (CaseWare Working Papers no longer supports a * in the adjusting number entry field.) This revision was released in April 2012 in version 2012.01a.

 

                                                         *             Revised the references to public sector accounting standards for government not-for-profit organizations (not fully supported by the templates). Documents revised: File profile (0.0P), engagement letter, representation letter, financial statements.

 

                                                         *             Technical revisions affecting error messages when the engagement type does not match the file contents. Documents revised: File profile (0.0P), engagement letter, representation letter, financial statements.

 

                                                         *             Financial statements: Share capital note cells for authorized capital revised to accept both numeric and alpha characters, so that “unlimited‛ can be entered.

 

                                                         *             File Profile (0.0P): Updated links to reference material on the Internet.

 

                                                         *             The “Getting Started‛ file and the HELP file were updated for changes in procedures in CaseWare Working Papers 2011, as well as our new recommendations for importing from previous CaseWare files when adopting our templates for the first time.

 

 

                            -             All review and audit templates

                                                         *             Checklists –

 

                                                                       +            Subsequent events - Revised to match May 2012 PPM

 

                                                                       +            EQCR file inspection - Revised to match May 2012 PPM

 

 

                            -             Audit - CAS template

                                                         *             (PEs & NPOs) Financial statement presentation and disclosure review - Revised to match May 2012 PPM

 

 

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What's new in Version 2012.01 - January 2012

 

                            -             Version:

 

                            -             This release was available in two formats, one for use with CaseWare Working Papers 2011 and one for use with CaseWare Working Papers 2009 and 2010.

 

                            -             This release includes revisions relating to the November 2011 release of the CGA Canada Public Practice Manual (“CGA-PPM").

                            -             

 

 

                            -             Revisions:

 

                            -             All templates

                                           ■            Financial statements

                                                         *             Net assets statement - technical revision

 

                                                         *             Property, plant, and equipment note enhancement

 

                                                         *             Share capital note enhancement.

 

 

                                           ■            File profile - Updated guidance for NPOs and pre-changeover files; added PSAS for GNFPOs to the options (See description of the limitations of the template support for GNFPOs in File profile.)

 

                                           ■            Personally-owned vehicle expense analysis (RR.7) – GST/HST calculation revised

 

                                           ■            Engagement and representation letters – added references to PSAS for GNFPOs

 

 

                            -             Audit - CAS template

                                           ■            CGA audit checklists have been revised to provide guidance for audits of government not-for-profit organizations (GNFPOs) References to PSAS for GNFPOs have been added to the Independent Auditor’s Report, engagement letter, and representation letter. (Users should modify the financial statements, client letters, and other documents as necessary to adapt the template for such engagements.)

 

                                           ■            Removed CGA Disclosure checklists for pre-changeover standards

 

                                           ■            00.5 Audit Template Notes revised

 

                                           ■            Other technical revisions to checklists and other documents

 

 

                            -             Review – ASPE and ASNPO template

                                           ■            3G.A12 and 3G.N-A12 – Materiality – technical revisions

 

 

                            -             Review – pre-changeover GAAP template:

                                           ■            Discontinued - This is the former “Review‛ template

 

                                           ■            The Knowledge library for pre-changeover and legacy templates is included in this
release, and includes the revised RR.7 noted above

 

 

                            -             Compilation template

                                           ■            Removed N.A19 - Investments

 

 

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What's new in Version 2011.02 - July 2011

 

 

              ○            Version:

 

              ○            The following templates have been discontinued in this release:

 

                            -             Audit – pre-changeover GAAS template (for audits of periods ended before December 14, 2010) A copy of this template dated January 2011 is available upon request to registered users of the audit templates.

 

                            -             Compilation – legacy template (All compilation files should be upgraded to the current Compilation template – see upgrade instructions)

 

 

              ○            The following templates were available in 2 formats, one for use with CaseWare Working Papers 2010 (“CW 2010‛) and one for use with CaseWare Working Papers 2009 (“CW 2009‛):

              ○            

              ○            (At the date of release of the July 2011 templates, CaseWare Working Papers 2011 (“CW 2011‛) had been announced, but not yet released. Users may upgrade their templates to use with CW 2011 by opening each template in CW 2011 and following the prompts to convert the file.)

 

●            

                            -             Audit – CAS

 

                            -             Review – ASPE

 

                            -             Review – ASNPO (New in this release)

 

                            -             Compilation

 

                            -             Review – pre-changeover GAAP (A CW 2004 – 2008 version is also available upon request to registered users of the review templates.)

 

                            -             

                            -             The “Review - pre-changeover GAAP‛ template is designed for reviews of NPOs and PEs using pre-changeover GAAP - This template will be discontinued in due course. (PEs must adopt ASPE no later than the first fiscal year commencing January 1, 2011 or later, and NPOs must adopt ASNPO no later than the first fiscal year commencing January 1, 2012 or later.)

 

              ○            

              ○            This release includes revisions relating to the May 2011 release of the CGA Canada Public Practice Manual (“CGA-PPM‛).

 

              ○            If you are not using the current version of CaseWare: Users of CaseWare Working Papers 2008 (CW 2008) or older should upgrade their CaseWare license to enjoy the benefits of our new templates. Only the “Review - pre-changeover GAAP‛ and “Audit – pre-changeover GAAS‛ templates are available for CW 2004 to CW 2008.

                            -             If using CW 2009:

                            -             Download the CW 2009 version of the templates. The templates are ready to use immediately after downloading and installing. (Request the “Audit – pre-changeover GAAS‛ template if required.)

 

 

                            -             If using CW 2005, CW 2006, or CW 2008:

                            -             Request the CW 2004 version of the “Review - pre-changeover GAAP‛ template and/or the “Audit – pre-changeover GAAS‛ template. Open the template file by using the “open‛ feature in CW 2005, CW 2006, or CW 2008. When prompted: “Convert data from previous version?‛ - answer YES. Once the conversion has completed, the template is now ready to use.

 

 

                            -             If using CW 2004:

 

                            -             

                            -             Request the CW 2004 version of the “Review - pre-changeover GAAP‛ template and/or the “Audit – pre-changeover GAAS‛ template. The template is ready to use immediately after downloading and installing.

 

              ○            

 

              ○            Revisions:

              ○            

              ○            The features described below are available in the all templates except the “Review - pre-changeover GAAP‛ template and the discontinued templates, unless otherwise noted.

 

                            -             Financial statements:

                                           ■            Added functionality for ASNPO

 

                                           ■            Added additional note disclosure for ASPE

 

                                           ■            Other technical revisions

 

 

                            -             Mapping:

                                           ■            Changed description of map 235.30 to “Corporate income tax payable‛ from “Income tax payable‛

 

 

                            -             Chart of accounts:

                                           ■            Some revisions to correspond to the new separation of PE and NPO review templates. Files using the client’s chart of accounts are unaffected.

 

 

                            -             CaseWare documents:

                                           ■            Revenue and expenses analysis: documents 10.6, 10.7, 10.8, 10.9, 10.10 -document properties adjusted to report by map number

 

                                           ■            Adjusting entries: Text added to provide client instructions for posting entries:

                                           ■            “NOTE TO CLIENT: If your computer system has the option to post entries to the prior year, then enter the following journal entries as at your year-end date, and post to the prior year. If your computer system does not allow prior period posting, then enter the journal entries using the first day after your year-end date, and post all income and expense amounts to the retained earnings account.‛

 

 

                                           ■            

                                           ■            This message will appear at the top of the adjusting entry list when printed. When this message is not applicable, it can be removed by deleting the adjusting entry identified by an asterisk (*).

 

                            -             

 

                            -             Letters:

                                           ■            Engagement letter – Added functionality for ASNPO

 

                                           ■            Engagement letter – Enhanced features for ASPE

 

                                           ■            Engagement letter – minor technical revisions

 

                                           ■            Client representation letter – Added functionality for ASNPO

 

                                           ■            Client representation letter – Enhanced features for ASPE

 

                                           ■            Client representation letter – minor technical revisions

 

                                           ■            Management letter – when client is an NPO, matters not applicable to NPOs will no longer be visible

 

                                           ■            Management letter – technical corrections

 

 

                            -             File profile:

                                           ■            Added functionality and instructions for ASNPO

 

                                           ■            Enhanced features for ASPE

 

                                           ■            Enhanced the working papers variance section

 

 

                            -             Budget working paper:

                                           ■            Minor technical revision

 

 

                            -             Materiality assessment (review engagements):

                                           ■            Minor revisions

 

 

                            -             Client Profile working paper:

                                           ■            Minor revisions

 

 

                            -             Instructions for T4 Reports – BB.27:

                                           ■            When client is an NPO, matters not applicable to NPOs will no longer be visible

 

 

                            -             Audit – CAS template:

                                           ■            All checklists have been revised to include ASNPO requirements, as published in the CGA-PPM. See CGA-PPM for details of other checklist revisions.

 

                                           ■            NOTE: Upgrade procedures apply the first time this template is used for each client if the previous year was prepared using the former “Audit‛ template or the “Audit – pre-changeover GAAS‛ template.

 

 

                            -             Review – ASPE template:

                                           ■            All checklists have been revised to remove references to the pre-changeover NPO standards, as published in the CGA-PPM. See CGA-PPM for details of other checklist revisions.

 

                                           ■            NOTE: Upgrade procedures apply the first time this template is used for each client if the previous year was prepared using the former “Review‛ template or the “Review – pre-changeover GAAP‛ template.

 

 

                            -             Review – ASNPO template:

                                           ■            This is a new template based on the new ASNPO review engagement checklists in the CGA-PPM.

 

                                           ■            This template should be used for an NPO that has adopted ASNPO

 

                                           ■            All our templates, including this new one, use the identical mapping system. Map numbers that are not used by an NPO should remain in the file without any GL accounts mapped to them.

 

                                           ■            NOTE: Upgrade procedures apply the first time this template is used for each client if the previous year was prepared using the former “Review‛ template or the “Review – pre-changeover GAAP‛ template.

 

 

                            -             Review – pre-changeover GAAP template:

                                           ■            No significant changes - This is the former “Review‛ template

 

                                           ■            This template should be used for a PE that has not yet adopted ASPE

 

                                           ■            This template should be used for an NPO that has not yet adopted ASNPO

 

 

                            -             Compilation template:

                                           ■            No significant changes

 

                                           ■            NOTE: Upgrade procedures apply the first time this template is used for each client if the previous year was prepared using the former “Compilation‛ template (dated January 2010 or earlier) or the “Compilation - legacy‛ template.

 

 

                            -             Audit – pre-changeover GAAS template

                                           ■            Discontinued - This is the former “Audit‛ template

 

 

                            -             Compilation – legacy template

                                           ■            Discontinued - This is the former “Compilation‛ template

 

 

                            -             “Getting started‛ file [Included with ALL templates]

                                           ■            Added current template revision information

 

                                           ■            Updated the instructions for setting up or upgrading client files

 

 

                            -             Help file [Included with ALL templates]

                                           ■            Updated the instructions for setting up or upgrading client files and for creating statements without comparative figures

 

 

●            

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What's new in Version 2011.01 - January 2011

 

                            -             Version:

 

                            -             This release was available in three formats, one for use with CaseWare Working Papers 2010, one for use with CaseWare Working Papers 2009, and a legacy version for use with selected previous versions of CaseWare Working Papers (2004, 2005, 2006, and 2008).

 

                            -             This release includes revisions relating to the November 2010 release of the CGA Canada Public Practice Manual (“CGA-PPM").:

                                           ■            Significant new content was released in the online version of the CGA-PPM in October 2010, and was incorporated into new templates dated October 2010. Shortly after the release of the October templates, CGA Canada published the November 2010 release of the CGA-PPM which included additional material to expand on the previous release.

 

                                           ■            Since most of the content of the November CGA-PPM release was also included in the online October CGA-PPM, the revisions in this template release are relatively minor in nature. Users should refer to the template release details for October 2010 for a description of the significant changes to the templates.

 

 

 

                            -             Revisions:

 

                            -             Review - ASPE template

                                           ■            References to ASPE were revised in the financial statements, engagement letter and representation letter.

 

                                           ■            Client acceptance and retention checklists revised

 

                                           ■            Details of other revisions can be found in the "Getting started" file.

 

 

                            -             Review - pre-changeover GAAP template

                                           ■            Client acceptance and retention checklists revised

 

 

                            -             Compilation template

                                           ■            Checklists revised

 

 

                            -             Compilation - legacy checklist

                                           ■            No revisions

 

 

                            -             Audit - CAS template

                                           ■            Audit engagement acceptance checklists revised

 

                                           ■            Details of other revisions can be found in the "Getting started" file.

 

 

                            -             Audit - pre-changeover GAAS

                                           ■            No revisions

 

 

                            -             All other template documents dated October 2010 remain current

 

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What's new in Version 2010.02 - October 2010

                            -             Version:

 

 

 

                            -             This release was available in three formats, one for use with CaseWare Working Papers 2010, one for use with CaseWare Working Papers 2009, and a legacy version for use with selected previous versions of CaseWare Working Papers (2004, 2005, 2006, and 2008).

 

                            -             The 2009 and 2010 template packages include additional templates:

                                           ■            Audit - CAS

                                                         *             Designed for audits of private enterprises using either ASPE or pre-changeover GAAP and audits of NPOs using pre-changeover GAAP

 

 

                                           ■            Review - ASPE

                                                         *             Designed or reviews of private enterprises that have adopted Accounting Standards for Private Enterprises (ASPE)

 

 

                                           ■            Compilation

                                                         *             Designed with template enhancements not available in the older version

 

 

 

                            -             The legacy template packages and the 2009 and 2010 template packages include the following templates. (Certain new 2010 template features are not available in these packages - see details provided with the templates):

                                           ■            Audit - Pre-changeover GAAS

                                                         *             Designed for audits of fiscal years ending before December 14, 2010 - No further revisions of this template are planned

 

 

                                           ■            Review - Pre-changeover GAAP

                                                         *             Designed for reviews of private enterprises and NPOs using pre-changeover GAAP - This template will be discontinued after the effective date for NPOs to adopt Accounting Standards for NPOs. (NPOs must adopt ASNPO no later than the first fiscal year commencing January 1, 2012 or later.) Templates designed for those new standards will be released in 2011 following the release of CGA checklists addressing ASNPO

 

 

                                           ■            Compilation - legacy version

                                                         *             Issued primarily for the convenience of users who do not have CaseWare 2009 or 2010 - No further revisions of this template are planned. Users should move all compilations to the new version

 

 

 

 

 

                            -             Checklists:

 

 

 

                            -             All the audit programs, disclosure checklists, review checklists, and compilation checklists are now current up to the October 2010 release of the CGA Canada Public Practice Manual Online. For details of these changes, please refer to the CGA Public Practice Manual.

 

                            -             The CAS audit checklists are now produced in CaseView, providing more features and functionality than the CaseWare checklists

 

                            -             All CGA checklists have been renumbered

 

 

 

                            -             Mapping structure:

 

 

 

                            -             Map 175 and 175.10 to 175.50 “Other assets‛ changed to “Historical use only‛ lead sheet V.80

 

                            -             Map 220.20 and 260.10 designated for NPO deferred contributions

 

                            -             Map 241 added for callable debt scheduled 12-month repayments

 

                            -             Map 381 series: GIFI changed to 3580 “comprehensive income"

 

                            -             Map 770 added for goodwill impairment loss

 

                            -             Map 780 added for change in fair value of investments

 

                            -             Map 825 added for tax reduction from losses carried forward

 

 

 

                            -             Chart of accounts:

 

 

 

                            -             2270 and 2670 added for NPO deferred contributions

 

                            -             2502 added for callable debt scheduled 12-month repayments

 

                            -             5217 added for goodwill impairment loss

 

                            -             4970 added for change in fair value of investments

 

                            -             5955 added for tax reduction from losses carried forward

 

 

 

                            -             Cash flow accounts:

 

 

 

                            -             s72 and s73 designated for bank overdraft and bank operating loan

 

                            -             s80 added for goodwill impairment loss

 

                            -             s81 added for change in fair value of investments

 

                            -             S106 and s206 changed from CCA class 45 to 50

 

 

 

                            -             Document manager:

 

 

 

                            -             B section deleted (formerly short-term investments); lead sheet B renamed “term deposits (max. 3 mos.)‛ and added to lead sheet A document

 

                            -             D1 lead sheet (work in progress) presented in D section (inventory)

 

                            -             W section deleted (formerly other assets)

 

                            -             AA (short-term debt) combined with KK (long-term debt) to correspond with audit program

 

                            -             GG (future taxes) combined with FF (taxes)

 

                            -             All checklists renumbered to include CGA PPM number after the period

 

                            -             Some documents renumbered to match the new sequence in the engagements

 

 

 

                            -             Lead sheet groupings:

 

 

 

                            -             B (short-term investments) deleted

 

                            -             W (other assets) deleted

 

                            -             BB.85 added for NPO deferred contributions

 

                            -             Various lead sheet titles updated

 

 

 

                            -             Working papers:

 

 

 

                            -             B.5 renumbered as N.2 (accrued interest receivable)

 

                            -             B.6 renumbered as N.3 (interest earned)

 

                            -             BB.27 calculations fixed (instructions for T4s)

 

                            -             All CaseView documents updated and re-formatted

 

 

 

                            -             Letters:

 

 

 

                            -             All letters have been customized to be unique to the templates, while addressing all matters required by CGA and Handbook

 

                            -             CAS audit engagement letter added

 

                            -             CAS audit representation letter added

 

 

 

                            -             Financial statements:

 

 

 

                            -             Options added to allow reporting of bank overdraft and operating loan on cash flow statement as either cash and cash equivalent or financing activity

 

                            -             CAS Independent Auditor’s Report added

 

                            -             Balance sheet revised to report callable debt after a sub-total of current liabilities

 

                            -             Captions added for all balance sheet

 

                            -             Related party notes consolidated and enhanced

 

                            -             3rd column added to balance sheet for initial year of adoption of ASPE

 

                            -             Goodwill impairment added to cash flow statement (indirect method) and income statement

 

                            -             Change in fair value of investments added to cash flow statement (indirect method) and income statement for ASPE

 

                            -             Tax reduction from losses carried forward added to income statement for use when losses not recognized by a future tax asset

 

                            -             Financial statement notes that are unlikely to be used in a compilation have been moved out of the standard library display in a compilation

 

                            -             Many other revisions and additions to the library of financial statement notes

 

 

 

                            -             Help file:

 

 

 

                            -             Updated the year-end procedures description to include new instructions for version 2010.02

 

 

 

                            -             "Getting Started" file:

 

 

 

                            -             Added current revision information

 

                            -             Removed prior revision information that is available on our website

 

                            -             Revised the instructions for converting an existing CaseWare file for use with the templates

 

 

 

                            -             File Profile:

 

 

 

                            -             Updated the version information.

 

                            -             Added several new client information fields to identify the applicable GAAP and GAAS

 

                            -             Added scope limitation explanatory information for ASNPO and IFRS

 

                            -             Fixed dates for graphs

 

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What's new in Version 2010.01 - January 2010

 

                            -             Version:

 

                                           ■            This release was available in two formats, one for use with CaseWare Working Papers 2009 and one for use with previous versions of CaseWare Working Papers (2004, 2005, 2006, and 2008). Template features are identical in each file set, to the extent possible.

 

                            -             Checklists:

 

                                           ■            All the audit programs, disclosure checklists, review checklists, and compilation checklists are now current up to the November 2009 release of the CGA Canada Public Practice Manual. For details of these changes, please refer to the CGA Public Practice Manual.

 

                            -             "Getting Started" file:

 

                                           ■            Added current revision information

 

                                           ■            Removed prior revision information that is available on our website.

 

                            -             File Profile:

 

                                           ■            Updated the version information.

 

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What's new in Version 2009.02 - July 2009

 

              ○            Version:

 

                            -             This release was available in two formats, one for use with CaseWare Working Papers 2008 and one for use with previous versions of CaseWare Working Papers (2004, 2005, and 2006). Template features are identical in each file set, to the extent possible.

 

              ○            Checklists:

 

                            -             All the audit programs, disclosure checklists, review checklists, and compilation checklists are now current up to the May 2009 release of the CGA Canada Public Practice Manual. For details of these changes, please refer to the CGA Public Practice Manual.

 

              ○            Financial statements:

 

                            -             Code changes were made to prevent the possibility that a reference to differential reporting might be included in the Review Engagement Report or Auditor's Report for an NPO.

 

                            -             Code changes were made to prevent the possibility that the statement of comprehensive income might be identified in the Review Engagement Report, Auditor's Report, or Notice to Reader for an NPO.

 

              ○            CaseView Working Papers:

 

                            -             Code changes were made in 3C (Client Profile) to capture the type of engagement from the File Profile, instead of from the financial statements.

 

              ○            "Getting Started" file:

 

                            -             Updated the installation procedures.

 

              ○            File Profile:

 

                            -             Updated the version information.

 

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What's new in Version 2009.01 - January 2009

 

              ○            Version:

 

                            -             This release was available in two formats, one for use with CaseWare Working Papers 2008 and one for use with previous versions of CaseWare Working Papers (2004, 2005, and 2006). Template features are identical in each file set, to the extent possible.

 

              ○            Checklists:

 

                            -             All the audit programs, disclosure checklists, review checklists, and compilation checklists are now current up to the December 2008 release of the CGA Canada Public Practice Manual. For details of these changes, please refer to the CGA Public Practice Manual.

 

              ○            Financial statements:

                            -             Several notes to the financial statements were updated, modified or added, based on changes in GAAP.

 

                            -             The asset, "Deferred charges", and related amortization expenses and notes were eliminated, for consistency with recent changes in GAAP.

 

                            -             Intangible assets captions and notes were revised for consistency with recent changes in GAAP.

 

                            -             The statement of comprehensive income was added to the list of statements identified in the Review Engagement Report, Auditor's Report, and Notice to Reader.

 

              ○            Client letters:

 

                            -             The engagement letters and representation letters were revised for changes in the November 2008 CGA Canada Public Practice Manual.

 

                            -             The statement of comprehensive income was added to the list of statements identified in the engagement letters.

 

              ○            CaseWare documents, accounts, and Document Manager :

                            -             Items relating to deferred charges were deleted.

 

                            -             Investment accounts were added for ease in reporting financial instrument categories.

 

              ○            Small audit program:

 

                            -             For convenience, the optional Control Environment questionnaire in the CGA full audit program has been added to the SAP Template.

 

              ○            CaseView Working Papers:

 

                            -             Several minor updates were made in various working papers.

 

              ○            "Getting Started" file:

 

                            -             Updated the installtion procedures.

 

              ○            File Profile:

 

                            -             Updated the version information.

 

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What's new in Version 2008.02 - July 2008

 

              ○            Version:

 

                            -             This release was available in three formats, one for use with CaseWare Working Papers 2006, one for use with CaseWare Working Papers 2005 and one for use with CaseWare Working Papers 2004. Template features are identical in each file set.

 

                            -             When CaseWare Working Papers 2008 is released by CaseWare International Inc., users should:

 

                            -             a) Backup their template files,

 

                            -             b) Open each template in the new version to upgrade the files.

 

              ○            Checklists:

 

                            -             All the audit programs, disclosure checklists, review checklists, and compilation checklists are now current up to the May 2008 release of the CGA Canada Public Practice Manual. For details of these changes, please refer to the CGA Public Practice Manual.

 

              ○            Financial statements:

 

                            -             Corporations - Comprehensive Income: The financial statements have been modified to comply with the new GAAP requirement (effective for periods that commence October 1, 2007 or later for non-publicly accountable enterprises) to report certain financial instruments at fair value and to report certain unrealized gains and losses after net income.

                                           ■            To access this feature in an existing client file that has been rolled forward:

 

                                           ■            1. Use the UPDATE button in the Financial Statements

 

                                           ■            2. Copy the mapping from the template into the client file. Using the “Copy template" feature:

                                                         *             a. Select “Some Components”

 

                                                         *             b. Press the “Select…” button next to Groupings/Mapping,

 

                                                         *             c. Check the “Mapping” checkbox

 

                                                         *             d. Press the “Options…” button next to Mapping

 

                                                         *             e. Select “Merge source file’s mapping structure (new numbers are added)” and “Autofill account properties using mapping structure”, then press OK

 

                                                         *             f. Check the “L/S” checkbox

 

                                                         *             g. Select “L/S” from the drop down items next to “into”

 

                                                         *             h. Press the “Options…” button next to L/S

 

                                                         *             i. Select “Merge source file’s L/S structure (new numbers are added)”, then press OK

 

                                                         *             j. Press OK

 

                                                         *             k. Press OK

 

 

                                           ■            3. Add new GL accounts as required and assign them to the new mapping numbers. The new mapping numbers are:

                                                         *             381.11 Accumulated unrealized gains/losses on available-for-sale financial assets

 

                                                         *             381.12 Current unrealized gains/losses on available-for-sale financial assets

 

                                                         *             381.13 Future tax on current unrealized gain/loss on available-for-sale financial assets

 

                                                         *             381.14 Reclass for realized gain/loss on available-for-sale financial assets

 

                                                         *             381.15 Future tax on reclass for realized gain/loss on available-for-sale financial assets

 

                                                         *             381.21 Accumulated unrealized foreign exchange gains/losses on self-sustaining foreign operations

 

                                                         *             381.22 Current unrealized foreign exchange gains/losses on self-sustaining foreign operations

 

                                                         *             381.23 Future tax on current unrealized foreign exchange gains/losses on self-sustaining foreign operations

 

                                                         *             381.24 Reclass for realized foreign exchange gains/losses on self-sustaining foreign operations

 

                                                         *             381.25 Future tax on reclass for realized foreign exchange gains/losses on self-sustaining foreign operations

 

                                                         *             381.31 Accumulated unrealized gains/losses on effective hedges

 

                                                         *             381.32 Current unrealized gains/losses on effective hedges

 

                                                         *             381.33 Future tax on current unrealized gain/loss on effective hedges

 

                                                         *             381.34 Reclass for realized gain/loss on effective hedges

 

                                                         *             381.35 Future tax on reclass for realized gain/loss on effective hedges

 

                                                         *             381.41 Accumulated unrealized gains on appraisal increase credits

 

                                                         *             381.44 Reclass for realized gain on appraisal increase credits

 

                                                         *             381.45 Future tax on reclass for realized gain on appraisal increase credits

 

Accounts mapped to these mapping numbers will appear in new separate groups on the retained earnings leadsheet. Using these mapping numbers, and the related changes in the financial statements, the template is designed to accommodate the reporting of one of the four possible items of revenue, expense, gain or loss that is identified in the CICA Handbook – Accounting to be reported in Other Comprehensive Income. In addition to the new “Statement of Comprehensive Income‛, the financial statements include:

                                                         *             a Comprehensive Income note,

 

                                                         *             an Accumulated Other Comprehensive Income schedule on the Statement of Retained Earnings, and

 

                                                         *             a new line item, “Accumulated Other Comprehensive Income‛, in the Equity section of the Balance Sheet

For new clients, the template includes GL accounts (3911 - 3915, 3921 - 3925, 3931 - 3935, 3941, 3944, and 3945) that are mapped to the new mapping numbers.

              ○            Client letters:

 

                            -             The management letter was enhanced to include options for eligible dividends.

 

                            -             The management letter was enhanced to include an option for quarterly income tax instalments.

 

                            -             Several technical improvements were made in the management letter, the independence letter, the engagement letters and the representation letters.

 

              ○            Small audit program:

 

                            -             Technical corrections were made in the Preliminary analysis and Final analytical review working papers and the Client prepared information document.

 

              ○            CaseView Working Papers:

 

                            -             The “Instructions for T5 Reports” working paper was enhanced to provide for eligible dividends.

 

                            -             Several improvements and updates were made in various working papers.

 

              ○            Help and Getting Started files:

 

                            -             Updated recommended procedures.

 

              ○            File Profile:

 

                            -             Updated version information.

 

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What's new in Version 2008.01 - January 2008

              ○            Version:

 

                            -             This release was available in three formats, one for use with CaseWare Working Papers 2006, one for use with CaseWare Working Papers 2005 and one for use with CaseWare Working Papers 2004. Template features are identical in each file set.

 

              ○            Checklists:

 

                            -             All the audit programs, disclosure checklists, review checklists, and compilation checklists are now current up to the November 2007 release of the CGA Canada Public Practice Manual. For details of these changes, please refer to the CGA Public Practice Manual.

 

              ○            Financial statements:

 

                            -             An option has been added to the File Profile enabling users to choose whether or not to display and print percentages on the financial statements. This feature is now built into the financial statements and does not require a separate financial statement file. To access this feature in an existing client file, use the UPDATE button in the Financial Statements and in the File Profile.

 

                            -             Not-for-profit entities: The financial statements have been modified to comply with the new GAAP requirement (effective for periods that commence October 1, 2006 or later) to report certain financial instruments at fair value and to report certain unrealized gains and losses directly on the Statement of Changes in Net Assets.

                                           ■            To access this feature in an existing client file that has been rolled forward:

 

                                           ■            1. Use the UPDATE button in the Financial Statements

 

                                           ■            2. Copy the mapping from the template into the client file. Using the “Copy template feature:

                                                         *             a. Select “Some Components”

 

                                                         *             b. Press the “Select…” button next to Groupings/Mapping,

 

                                                         *             c. Check only the “Mapping” checkbox

 

                                                         *             d. Press the “Select…” button next to Mapping

 

                                                         *             e. Select “Merge source file’s mapping structure (new numbers are added)” and “Autofill account properties using mapping structure”, then press OK

 

                                                         *             f. Press OK

 

                                                         *             g. Press OK

 

 

                                           ■            3. Add new GL accounts as required and assign them to the new mapping numbers. The new mapping numbers are:

                                                         *             395.11 Accumulated unrealized gains/losses (unrestricted)

 

                                                         *             395.12 Current unrealized gains/losses (unrestricted)

 

                                                         *             395.13 Reclass for realized gain/loss (restricted)

 

                                                         *             395.21 Accumulated unrealized gains/losses (restricted)

 

                                                         *             395.22 Current unrealized gains/losses (restricted)

 

                                                         *             395.23 Reclass for realized gain/loss (restricted)

 

 

                                           ■            Using these mapping numbers, and the related changes in the financial statements, the template is designed to accommodate the reporting of one of the four possible items of revenue, expense, gain or loss that is identified in the CICA Handbook – Accounting to be reported on the Statement of Changes in Net Assets. In the event that a client has more than one to report (for example: unrealized gains/losses both on investments and on foreign exchange conversions for a self-sustaining foreign operation), we recommend combining them in the appropriate mapping codes, and disclosing the separate items in a note to the financial statements.

 

                                           ■            For new clients, the template includes GL accounts (3411, 3412, 3413, 3421, 3422, 3423) that are mapped to the new mapping numbers.

 

 

                            -             Comprehensive income: This update includes only those changes described above for NPOs, and does not include “Comprehensive income” for use by for-profit enterprises. This new GAAP provision is not yet required for most non-publicly accountable enterprises (it is effective for periods commencing October 1, 2007 or later), and we anticipate that many such enterprises may wish to instead adopt the alternative accounting basis that is proposed by the CICA (Framework for Owner Managed Enterprises) which, in its draft form, does not require the use of Comprehensive income. Further information about the proposed “Framework” is available on the CICA website: http://www.cica.ca/index.cfm/ci_id/41086/la_id/1

 

                            -             Integration of “Comprehensive income” into the templates is an ongoing project.

 

                            -             Several enhancements to the notes to the financial statements have been added.

 

                            -             The template now allows users to combine the Statement of Operations and the Statement of Changes in Net Assets for certain simple NPO operations. This option is available by selecting or deselecting the separate Statement of Changes in Net Assets in the index to the financial statements. Users should note that this option should only be used when there is only one category of net assets to report. (e.g. when there are unrestricted net assets only – and there are no “net assets invested in capital assets”, no “restricted net assets”, and no “unrealized gains/losses”)

 

              ○            Client letters:

 

                            -             The engagement letters and representation letters were revised for consistency with the current version of the CGA PPM

 

              ○            Small audit program:

 

                            -             The Preliminary analysis and Final analytical review working papers were revised for consistency with the current version of the CGA PPM. The final analytical review working paper is now a CaseView document.

                            -             The substantive procedures planning audit working papers were revised for consistency with the current version of the CGA PPM.

 

                            -             A new Risk Tolerance worksheet and a file inspection checklist were added for use by an Engagement Quality Control Reviewer.

 

                            -             Client profile – sources of information (3C.1) was added back to the template.

 

                            -             All documents now include a provision for the EQCR’s initials and date of review.

 

              ○            CaseView Working Papers:

 

                            -             Several minor enhancements were made to various working papers.

 

              ○            Help and Getting Started files:

 

                            -             Updated and expanded recommended procedures.

 

              ○            New documents:

 

                            -             Document 2.2 (EQCR file inspection checklist / 159) was added (a Word document) to the audit and review templates for use when the file is selected for an objective review by an Engagement Quality Control Reviewer.

 

                            -             Document 3B.5 (EQCR Risk tolerance worksheet / F-340) was added (a Word document) to the audit template for use when the file is selected for an objective review by an Engagement Quality Control Reviewer.

 

                            -             Document 2C.4A (Final analytical review / D-101) was added as a CaseView document to replace the former CaseWare document 2C.4.

 

              ○            File Profile:

 

                            -             Updated version information and added feature described above under “Financial statements”.

 

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What's new in Version 2007.02 - July 2007

              ○            Version:

 

                            -             Consistent with Version 2007.01, this release was available in three formats, one for use with CaseWare Working Papers 2006, one for use with CaseWare Working Papers 2005 and one for use with CaseWare Working Papers 2004. Template features are identical in each file set.

 

              ○            Checklists:

 

                            -             All the audit programs, disclosure checklists, review checklists, and compilation checklists are now current up to the May 2007 release of the CGA Canada Public Practice Manual. For details of these changes, please refer to the CGA Public Practice Manual.

 

              ○            Financial statements:

 

                            -             Several paragraphs that were editable in form mode have been replaced with input cells in the Notes to the Financial Statements. This will enable users to retain their input from one year to the next even after using the UPDATE button in the financial statements.

 

                            -             The Notice to Reader was revised to comply with the new standards.

 

                            -             Some minor editing was also performed, including fixing an item in the index that should be for display only.

 

              ○            Client letters:

 

                            -             The engagement letters were revised for consistency with the current version of the CGA PPM. In particular, the Audit Report was added to the audit engagement letter, and the Compilation engagement letter was revised to comply with the new standards.

 

                            -             The compilation representation letter was revised for consistency with the current version of the CGA PPM.

 

                            -             The independence letter was revised to automate several date fields, and to add revised wording for consistency with the current version of the CGA PPM.

 

              ○            Small audit program:

 

                            -             Several audit planning working papers were significantly revised for consistency with the current version of the CGA PPM, including Preliminary analysis and Inherent risk working papers.

 

                            -             Several new substantive procedures planning audit working papers were added for consistency with the current version of the CGA PPM.

 

                            -             Some audit planning checklists and working papers were removed for consistency with the current version of the CGA PPM, including Preliminary analysis, Inherent risk, and Details of changes.

 

              ○            CaseView Working Papers:

 

                            -             Client profile was revised for consistency with the current version of the CGA PPM, and input paragraphs were changed to input cells to enable users to retain their input from one year to the next even after using the UPDATE button in the document.

 

                            -             Materiality assessment was revised for consistency with the current version of the CGA PPM. Roll forward features were enhanced, and the calculation of equity was corrected.

 

                            -             Prepaid expense was revised to include roll forward features.

 

              ○            Help file:

 

                            -             Updated and expanded recommended procedures.

 

              ○            File Profile:

 

                            -             Updated version information.

 

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What's new in Version 2007.01 - January 2007

              ○            Version:

 

                            -             This release was available in three formats, one for use with CaseWare Working Papers 2006, one for use with CaseWare Working Papers 2005 and one for use with CaseWare Working Papers 2004. Template features are identical in each file set.

 

              ○            Checklists:

 

                            -             All the audit programs, disclosure checklists, review checklists, and compilation checklists are now current up to the November 2006 release of the CGA Canada Public Practice Manual.

 

              ○            Financial statements:

 

                            -             No changes were made to the financial statements in this release.

 

              ○            Client letters:

 

                            -             All engagement letters include a revision in the paragraph that refers to invoices and interest charges. The revision includes a wording change and an expansion of the portion of this paragraph that is editable in form mode.

 

              ○            File Profile:

 

                            -             Updated version information.

 

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What's new in Version 2006.02 - July 2006

              ○            Version:

 

                            -             Consistent with Version 2006.01, this release includes two file sets, one for use with CaseWare Working Papers 2004, and one for use with CaseWare Working Papers 2005. Template features are identical in each file set.

 

              ○            Checklists:

 

                            -             All the audit programs, disclosure checklists, review checklists, and compilation checklists are now current up to the May 2006 release of the CGA Canada Public Practice Manual.

 

              ○            Financial statements:

 

                            -             Added new capital asset note for use in certain compilation engagements.

 

                            -             Corrected a cell in the callable debt qualifications to Review Engagement Report. (Group reference and event action in Cell J112 were removed.)

 

                            -             Moved selection / de-selection of Cash Flow statement to the File Profile (selection was previously in the financial statements) to simplify client set up procedure, since this selection affects the engagement letter for Review engagements.

 

                            -             Changed usage of client name in the notes to include the extended client name when applicable.

 

                            -             Fixed Cash Flow statement jump button in the Financial Statement Index.

 

              ○            Client letters:

 

                            -             All engagement and representation letters now include the disclosures in sample letters in the May 2006 release of the CGA Canada Public Practice Manual.

 

                            -             Management letter: Corrected logic when using management bonus reporting in management letter.

 

                            -             Independence letter: Corrected logic in second to last paragraph (only affects review engagements).

 

              ○            Client assistance WP and Materiality W/P:

 

                            -             Corrected printing of page numbers on second and subsequent pages.

 

              ○            GIFI:

 

                            -             Changed default GIFI code for map 130 (prepaid expenses) to use 1484 instead of the more general group code 1480.

 

                            -             Changed default GIFI codes for map 425 and 710 (interest income) to use 8094 (Interest from other Canadian sources) instead of 8100 (Interest from financial institutions).

 

              ○            File Profile:

 

                            -             Updated version information.

 

                            -             Added selection / de-selection of Cash Flow statement (previously set in the financial statements) to simplify client set up procedure, since this selection affects the engagement letter for Review engagements..

 

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What's new in Version 2006.01 - January 2006

              ○            Version:

 

                            -             This release includes two file sets, one for use with CaseWare Working Papers 2004, and one for use with CaseWare Working Papers 2005. Template features are identical in each file set.

 

              ○            Checklists:

 

                            -             All the audit programs, disclosure checklists, review checklists, and compilation checklists are now current up to the November 2005 release of the CGA Canada Public Practice Manual.

 

              ○            Financial statements:

 

                            -             Added new option to note describing differential reporting options.

                            -             Added callable debt qualification to Review Engagement Report.

                            -             Added customizable independence paragraph to Notice to Reader.

                            -             Enhanced the library of notes.

                            -             Moved some options to the File Profile to simplify client set up procedure.

                            -             Improved the functionality of some options.

 

              ○            Client letters:

 

                            -             All engagement/representation/management letters now include the disclosures in sample letters in the November 2005 release of the CGA Canada Public Practice Manual.

                            -             Enhanced optional features in the letters.

                            -             Enhanced management bonus reporting in management letter.

                            -             Improved printing issues.

                            -             Added new reporting option to differential reporting option letters.

 

              ○            Client profile WP:

 

                            -             Added new differential reporting option.

                            -             Enhanced some options.

 

              ○            Sales taxes WPs:

 

                            -             Enhanced some options and improved a printing issue.

 

              ○            WCB WP:

 

                            -             Added reasonableness conclusion.

 

              ○            Dividend WP’s:

 

                            -             Added “jump” buttons to facilitate usage.

                            -             Enhanced options for dividend resolution.

 

              ○            Management bonus WP:

 

                            -             Enhanced resolutions and calculations.

 

              ○            File Profile:

 

                            -             Updated version information.

                            -             Added several settings previously set in the financial statements or engagement letter.

 

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What's new in Version 2004.03 - August 2005

              ○             Checklists:

 

                            -             All the audit programs, disclosure checklists, review checklists, and compilation checklists are now current up to the May 2005 release of the CGA Canada Public Practice Manual.

 

                            -             All review and compilation checklists are now set to “Checklist format 1‛. (This can be changed by the user if desired.)

 

                            -             The CGA PPM index number now appears on the document index when a document is a CGA checklist or document.

 

              ○            Financial statements:

 

                            -             Added “Update‛ button.

 

                            -             Adjusted and fixed various items, including:

 

                                           ■            Title of Statement of Retained Earnings;