Review the prior year's engagement

You are preparing to work on an engagement for a client who you've done work for in past years. During the planning stage, you will likely want to review this client's old files.

Locating the prior year's file

To begin, you can find the engagement file from the prior year by searching the Files page.

Reviewing a Working Papers file

If your organization did publish the Working Papers file for the prior year, you should be able to find it here. You can open the file to review client documents from the last engagement.

Open a sync copy of the client file for last year's engagement.

Sharing a file with the engagement team

Once you have found the engagement file from the prior year, you may want to share it with the engagement team for this year.

You have shared the prior year's file with your engagement team. They will be able to access the file for reference while they are working on the current year's engagement.

Reviewing materiality

In order to determine materiality for this year's engagement, you can review the materiality from last year.

You can review the contents of the materiality documents to help you determine materiality for this year.

Reviewing last year's time and expenses

When you are getting ready to set a budget, you may find it helpful to review the costs associated with the engagement from the prior year. If your organization uses the Time app to track time and expense entries, you can run a summary report that displays these costs. The report parameters should be as follows:

  • Soort:Time
  • Opmaak:Overzicht
  • Group by: Work Code
  • Personeel:All
  • Entiteit:(entity name for your engagement)
  • Opdracht:(last year's engagement)
  • From date: First day of the last year
  • To date: Last day of the last year

You have successfully generated a report of Time entries for last year's engagement, grouped by work codes and subtotaled.

The total time and costs for all time entries on last year's engagement.

You can export the results of this report by selecting the Export button at the bottom of the left-hand pane. You can then run a report for expenses and another report for invoices, to compare your costs with the amounts billed to your client.

Was dit artikel nuttig?

This content is exclusively related to and has been filtered out. Select the PRODUCTS dropdown in the top navigation to modify your filter settings.

Stay Connected

Subscribe to receive updates on the latest articles and news for CaseWare products.

Your download will start immediately after you subscribe.

Please enter a valid email.
No thanks, I just want the file.