This topic applies to CaseWare Audit International.
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:
|Ja||Ja||Low/Medium||A. Substantive Procedures - Basic|
A. Substantive Procedures - Basic
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 low to medium risk of material misstatement (RMM), a basic set of substantive procedures are included in the corresponding Work Program.
When the RMM is High, you get all three classes of procedures.
As you complete a fieldwork Work Program, be sure to select N/A for any procedure that is irrelevant to the engagement.