What's new in Caseware Audit Fall 2025 (v2.1976.0)

Here's a list of what's new in the Caseware Audit Fall 2025 release.

Content updates

2025 PEG updates

The Audit update includes all updated content based on CPA Canada PEG Audit Practice Aids up to and including the September 2025 updates.

Here is a list of documents that have been updated.

PEG form – Content updates

Audit document(s) - Content updates

510 Identifying risk through understanding the entity

510 Identifying risk through understanding the entity

510 NFP Identifying risk through understanding the entity

510 Identifying risk through understanding the entity

AL1.1 Engagement letter – Audit

415.1 Engagement letter - Standard

GL1.1 Engagement letter – Group audit

415.1 Engagement letter - Standard

516 Service organizations

516 Service organizations

410.600 Group audit program – Terms of engagement (Supplemental)

410 New or existing engagement - Acceptance/continuance

305 Auditor's report

305 Auditor's report

306 Modified opinion checklist

306 Modified opinion checklist

310 Audit completion

310 Audit completion

312 Engagement partner checklist – Audit completion

312 Engagement partner checklist

313 Supplementary and other information

313 Supplementary and other information

314 Management representations

314 Management representations

FRF906 ASPE – General

  • FRF906 ASPE - General financial statement presentation

  • D Inventory

  • L Prepaid expenses and other assets

  • BB Notes payable and bank debt

  • KK Long-term debt

  • UU110 Equity (corporate)

  • 705 Revenue

FRF907 First-time adoption of ASPE

680 ASPE - Supplementary audit procedures

FRF908 ASPE – Income taxes

FF Income taxes

FRF909 ASPE – Investments

N Long-term investments

FRF910 ASPE – Leases

FRF906 ASPE - General financial statement presentation

FRF911 ASPE – Goodwill and intangible assets

  • Y Goodwill

  • W Intangible assets

FRF912 – Employee future benefits

680 ASPE - Supplementary audit procedures

FRF913 – ASPE – Supplementary

FRF906 ASPE - General financial statement presentation

FRF914 – ASPE – Agriculture

  • F Agricultural inventories

  • G Productive biological assets

FRF915 – ASPE – Business combinations

680 ASPE - Supplementary audit procedures

FRF971 – First-time adoption of ASNPO

681 NFP - Supplementary audit procedures

FRF972 – ASNPO – General

FRF972 ASNPO - General financial statement presentation

FRF973 – ASNPO – Combinations by not-for-profit organizations

681 NFP - Supplementary audit procedures

New features and enhancements

Group audit

What you can do

  • Identify common work areas across group components.

  • Share common work areas with component auditors in the same engagement (for example, Risks).

  • Document performance materiality for each group component.

Benefits

  • Reduce manual data entry.

  • Improve consistency and quality across group audit engagements.

To learn more, refer to Group audit.

Add custom financial groups, areas and cycles to Account tables within the Analysis tab

You can now include custom financial groups, areas and cycles in Accounts tables within the Analysis tab. You can modify the checklist settings to include custom financial groups, areas and cycles using the radio button for selection. Ensure you select the Custom accounts table from the Analysis dropdown, as well as Include selections in analysis.

To learn more, refer to Add custom groups, cycles or areas to the analysis tables.

Note: This option is not available for Overview or Ratios tables.

Including custom financial groups, areas in Accounts tables in the Analysis tab in checklists.

Adjusting entries: New export options

You can now export adjusting entries in Audit using three new options:

  • Tabular Excel export (include annotations) – Export entries with annotations for a complete record.

  • Tabular Excel export (exclude annotations) – Export entries without annotations for a streamlined view.

  • Export to Xero – Send adjusting entries directly to Xero to simplify your workflow.

These options help you work more efficiently and tailor exports to your needs. To view the new export options, go to Adjustments and select Export Options [] in the upper right corner.

Selecting export options for adjustments.