Start the engagement

This topic applies to OnPoint Audit.

To start the engagement, create a new OnPoint Audit engagement file. Note that you can set key dates, budgets and assign staff members to the engagement file to prepare and review the engagement work.

To create an OnPoint Audit engagement:

  1. From the Cloud menu (), select OnPoint Audit.

  2. Select the New button.

  3. The OnPoint Audit dialog displays.

  4. Choose your client Entity, by clicking on the quick search icon ().

  5. Enter a Name for the engagement file.

  6. You can also:

    • Choose to carry forward data from a previous engagement.

    • Select a Start Date and End Date for your engagement.

    • Enter budget information.

    • Add a description.

  7. In the Preparer field, enter your name and select all staff assigned to the engagement from the drop-down list.

  8. In the Reviewer field, enter other staff members' names as required. Select them from the list to assign them as a reviewer.

  9. Select Save.

  10. The engagement file automatically opens in your browser.

Set the workflow status and year end date

When you first open the engagement, a pop-up displays showing the engagement's Workflow status.

The Workflow status lets clients and other stakeholders know how far along you are in the engagement process. If you intend to start working on the engagement right away, set the Workflow status to In Progress.

You can also enter:

  • Job number

  • Operating name

  • Reporting period

  • Year and date

Note that an incorrect year end date affects trial balance imports.

When setting the workflow you can also select Lockdown to close the engagement and select Consolidate to bring in data from subsidiary files.

Lockdown and consolidate workflow

Note that you will not need to lockdown the engagement until the final audit has been signed off on, and key deliverables are provided to end users. To learn more, see Archive and lock down the engagement.

Once you select Save, you can view the Documents page.

The Documents page acts as a central hub in OnPoint Audit. To populate content on the Documents page, complete the 1-100 - Acceptance/Continuance document. Once the document is complete and the engagement is accepted, complete the 1-200 - Engagement set up checklist.

Documents are available within three phases, which have been broken down further to allow for ease of navigation throughout the document manager. For example, the planning phase contains Risk assessment, Assessment of the controls environment and Materiality documents. The three phases are:

  • Planning

  • Fieldwork

  • Completion

Each phase has its own progress indicator that shows the document sign-off progress. Hover over the progress indicator to view how many documents are Outstanding, Prepared or Reviewed.

Planning phases

To see all documents available in OnPoint Audit, select More Actions (...) | Hidden Items. Otherwise, only documents and phases applicable to your engagement type are visible.