What's new in Caseware Cloud Engagements 2024-12

Welcome to the Cloud Engagements 2024-12 release. In this release, we introduce enhancements to your user experience, including AI-assisted column assignment for trial balance imports. Additionally, we offer improved customization features for new analytic tests for financial data analysis.

To learn more about the Caseware Cloud Engagements platform, see What is Caseware Cloud Engagements?

User-experience enhancements

Several enhancements related to your user experience have been included in this release:

Sync trial balance improvements

We’ve enhanced the existing Sync trial balance feature, including the introduction of new display error and warning message dialogs, and spinners for in-progress tasks.

Assign accounts improvements

We’ve added enhancements to the Assign Accounts tab, including improved drag-and-drop functionality when assigning accounts to groups.

AI column assignment of trial balance data

You can leverage AI to suggest column assignment automatically when importing your trial balances using Excel or CSV files, so you do not have to manually assign the columns.

This feature will save you time on trial balance imports and reduce column assignment errors by providing useful suggestions for assigning trial balance columns to Caseware fields.

Note: This release will support all English-language trial balance data imports. AI-column autoassignment also works on non-English trial balances, but the results will not be as accurate. Always review the column assignment before importing any data.

To AI-autoassign columns in a trial balance:

  1. Go to the Data page, which opens to the Datasets tab by default.

  2. Import your trial balance by dragging and dropping your CSV file on to the upload area.

  3. Select Configure.

  4. On the Assign Fields window, select Assign columns. Columns are autoassigned.

  5. Review the autoassignment. They make any adjustments as necessary and click Import.

Displays Datasets window and the Assign columns tool.

Import planning balances from data connectors

This feature allows you to carry out audit planning and fieldwork prior to the year-end, to work on a planning trial balance, imported from an online/desktop connector. You can now select a planning balance or final balance when going through the import flow.

Note: This feature may not be available in all products.

Select a file to import from the engagement

You can now import data from CSV and Excel files that are on the Documents tab. The Import from Documents option is available from the Datasets tab.

Displays the Import from Documents option in the Add data window

Analytic-test authoring improvements

The new procedure-level analytics customization feature empowers solution and firm authors to tailor analytics to specific use cases, enhancing relevance and usability for end users. Firm authors can duplicate analytic tests, adjust parameters, filters, and metadata, and configure key fields such as names, descriptions, and default values—all within the Analytics Hub.

To learn more, refer to Customize analytic tests.

Disclosure analytic package

The Disclosure analytic package we are introducing in this release contains analytic tests for identifying significant customer sales and vendor purchases, analyzing outstanding accounts payable and receivable balances, summarizing cash disbursements for interest and income taxes, and disclosing related-party transactions.

See Disclosure for more information.

Machine-learning-powered analytic tests

Isolation forest analysis for account-vendor pairing anomalies

This test leverages the Isolation Forest algorithm to identify infrequent patterns in general ledger (GL) transactions by analyzing the relationships between key attributes such as chart-of-accounts codes and vendor names. The analysis focuses on detecting anomalies that deviate from typical transactional patterns.

See Isolation forest for more information.