CaseWare Audit International - Perform fieldwork

This feature is only available with CaseWare Audit International.

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During the fieldwork phase of the audit engagement, you need to complete the Plans and procedures checklist documents (also known as, Work Programs). When you select High online collaboration in the A100 Optimizer, a query document is included for each section in the Plans and Procedures folder in the Documents page.

The procedures included in each Work Program are based on the following rules:

Balance Material RMM Procedures
No None
Yes No Minimal
Yes Yes No A. Substantive Procedures - Basic
Yes Yes Yes

A. Substantive Procedures - Basic
B. Substantive Procedures - Extended
C. Substantive Analytical Procedures

For example, if there is a non-material balance for a given Financial Statement area, a minimal set of analytical procedures and scheduling are included in the corresponding Work Program. If there is a material balance for a given Financial Statement Area and no risk of material misstatement (RMM), a basic set of substantive procedures are included in the corresponding Work Program.

As you complete a fieldwork Work Program, be sure to select N/A for any procedure that is irrelevant to the engagement.

You can make changes to checklist documents if needed or set up and modify visibility settings. See Modify or add a checklist and Modify or add visibility settings for more information.

Complete the plans and procedures worksheets

Each work program features an analysis section as shown in the below figure.

The Analysis section pulls information from the trial balance and displays it in graphs or tables. It presents data visually and it only includes trial balance information for relevant accounts and groups to help you identify potential client inquiries.

Plans and procedures work programs also include assertions. Assertions are implicit or explicit claims and representations regarding the appropriateness of various elements.

Take 1.101 Property, plant and equipment, for example:

Assertions in non-edit mode

Item 2, Analytical procedures includes the following assertions:

  • C—Completeness
  • E—Existence
  • AV—Accuracy and Valuation
  • P—Presentation

To change the assertions for a specific procedure:

  1. Select Edit () and then the assertions beside the procedure.

    The Procedure addresses the following assertions popup displays.

    Assertions - property, plant and equipment

  2. Use the check boxes to select the assertions to apply to the procedure.

To learn more, see Add assertions in procedures .

Complete the Plans and procedures work programs. Add assertions and annotations if needed. Use issues () to add review notes, to-do's, considerations, and so on. To learn more, see Add annotations and Add, review and resolve issues.

As you complete each form, sign off procedures based on the assertions that display. Select Complete, no exceptions, Completed with exceptions or N/A. You can also use the text field at each procedure to enter any additional information.

Review fieldwork using Review Tools

Review tools apply visual markup to the document, making potential issues with content stand out on the page so you can complete your review more quickly. Review tools are available in checklists, letters and financial statements.

To enable Review Tools,select Toggle review tools ().

Any checklist responses marked as Completed with exceptions are flagged as non-optimal responses in the Review Tools.

To learn more, see Review prepared documents.

Collect information for each financial area

In this step, you need to collect financial information from the client for each financial area.

A query document for each financial area is available if you answer High in A100 Optimizer checklist - Initial Engagement Decisions to the level of online collaboration question. If you select Limited, one query document is available (the C105Q Request for records and documents). Questions 5 and 6 in the C105Q document cover the financial information required.

You can make some changes to query documents if needed or set up and modify visibility settings. See Modify or add visibility conditions and Customize a client request for more information.

For more information on client collaboration, see Collect information from the client.