What's new in Version 2024.01
Dec 9, 2024
Version:
- This release is available for use with CaseWare Working Papers 2023 and later.
- This version includes CPA Canada Professional Engagement Guide (“CPA Canada PEG”) revisions up to and including the 2024 PEG update.
New:
All templates:
- Working paper BB.23 - BC Employer Health Tax Estimation Calculator.
Review & Audit templates:
- Financial Reporting Framework 2E.10. - Business combinations.
Audit templates:
- A set of new and revised PEG forms for group audits has been developed as a result of the revised CAS 600, effective for audits of financial statements for periods beginning on or after December 15, 2023.
Revisions:
All templates:
- U.2 – Property Plant & Equipment Schedule. Added separate sections for capital leases that will improve tracking and disclosure requirements.
- 2B – Management Letter. Added an optional paragraph as a reminder or warning of the current rates for instalment interest and penalties.
Review templates:
- FS – Financial statements: New note for Long-term contracts when using the percentage of completion method to coincide with the additional guidance added to the CPA Handbook Section 3400.
- Added a pre-worded other matters paragraph to the Review Engagement Report for engagements taken over from other accountants.
- Slight changes to the usability and linking of some notes.
- Added input cell for the redemption value of preferred shares in case the specific note was not filled out.
- Financial Reporting Framework – 2E-2E.9. Changes to all FRF forms to reflect current standards for ASPE and NFPO, to improve usability, flow of information and clarity.
- 3A – Client Profile. Added Dispositions to section 8 - Purchase transactions..
- Multiple documents – Wording of “EQCR has been changed to “EQR” in some cases. “EQCR” has been kept in any non-PEG documents for now.