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What's new in Version 2008.01 - January 2008

• Version:
• This release is available in three formats, one for use with CaseWare Working Papers 2006, one for use with CaseWare Working Papers 2005 and one for use with CaseWare Working Papers 2004. Template features are identical in each file set.
• When CaseWare Working Papers 2008 is released by CaseWare International Inc., users should:
• a) Backup their template files,
• b) Open each template in the new version to upgrade the files.
• Checklists:
• All the audit programs, disclosure checklists, review checklists, and compilation checklists are now current up to the November 2007 release of the CGA Canada Public Practice Manual. For details of these changes, please refer to the CGA Public Practice Manual.
• Financial statements:
• An option has been added to the File Profile enabling users to choose whether or not to display and print percentages on the financial statements. This feature is now built into the financial statements and does not require a separate financial statement file. To access this feature in an existing client file, use the UPDATE button in the Financial Statements and in the File Profile.
• Not-for-profit entities: The financial statements have been modified to comply with the new GAAP requirement (effective for periods that commence October 1, 2006 or later) to report certain financial instruments at fair value and to report certain unrealized gains and losses directly on the Statement of Changes in Net Assets.
  • To access this feature in an existing client file that has been rolled forward:
  • 1. Use the UPDATE button in the Financial Statements
  • 2. Copy the mapping from the template into the client file. Using the “Copy template feature:
    • a. Select “Some Components”
    • b. Press the “Select…” button next to Groupings/Mapping,
    • c. Check only the “Mapping” checkbox
    • d. Press the “Select…” button next to Mapping
    • e. Select “Merge source file’s mapping structure (new numbers are added)” and “Autofill account properties using mapping structure”, then press OK
    • f. Press OK
    • g. Press OK
  • 3. Add new GL accounts as required and assign them to the new mapping numbers. The new mapping numbers are:
    • 395.11 Accumulated unrealized gains/losses (unrestricted)
    • 395.12 Current unrealized gains/losses (unrestricted)
    • 395.13 Reclass for realized gain/loss (restricted)
    • 395.21 Accumulated unrealized gains/losses (restricted)
    • 395.22 Current unrealized gains/losses (restricted)
    • 395.23 Reclass for realized gain/loss (restricted)
  • Using these mapping numbers, and the related changes in the financial statements, the template is designed to accommodate the reporting of one of the four possible items of revenue, expense, gain or loss that is identified in the CICA Handbook – Accounting to be reported on the Statement of Changes in Net Assets. In the event that a client has more than one to report (for example: unrealized gains/losses both on investments and on foreign exchange conversions for a self-sustaining foreign operation), we recommend combining them in the appropriate mapping codes, and disclosing the separate items in a note to the financial statements.
  • For new clients, the template includes GL accounts (3411, 3412, 3413, 3421, 3422, 3423) that are mapped to the new mapping numbers.
• Comprehensive income: This update includes only those changes described above for NPOs, and does not include “Comprehensive income” for use by for-profit enterprises. This new GAAP provision is not yet required for most non-publicly accountable enterprises (it is effective for periods commencing October 1, 2007 or later), and we anticipate that many such enterprises may wish to instead adopt the alternative accounting basis that is proposed by the CICA (Framework for Owner Managed Enterprises) which, in its draft form, does not require the use of Comprehensive income. Further information about the proposed “Framework” is available on the CICA website: http://www.cica.ca/index.cfm/ci_id/41086/la_id/1
• Integration of “Comprehensive income” into the templates is an ongoing project.
• Several enhancements to the notes to the financial statements have been added.
• The template now allows users to combine the Statement of Operations and the Statement of Changes in Net Assets for certain simple NPO operations. This option is available by selecting or deselecting the separate Statement of Changes in Net Assets in the index to the financial statements. Users should note that this option should only be used when there is only one category of net assets to report. (e.g. when there are unrestricted net assets only – and there are no “net assets invested in capital assets”, no “restricted net assets”, and no “unrealized gains/losses”)
• Client letters:
• The engagement letters and representation letters were revised for consistency with the current version of the CGA PPM
• Small audit program:
• The Preliminary analysis and Final analytical review working papers were revised for consistency with the current version of the CGA PPM. The final analytical review working paper is now a CaseView document.
• The substantive procedures planning audit working papers were revised for consistency with the current version of the CGA PPM.
• A new Risk Tolerance worksheet and a file inspection checklist were added for use by an Engagement Quality Control Reviewer.
• Client profile – sources of information (3C.1) was added back to the template.
• All documents now include a provision for the EQCR’s initials and date of review.
• CaseView Working Papers:
• Several minor enhancements were made to various working papers.
• Help file:
• Updated and expanded recommended procedures.
• New documents:
• Document 2.2 (EQCR file inspection checklist / 159) was added (a Word document) to the audit and review templates for use when the file is selected for an objective review by an Engagement Quality Control Reviewer.
• Document 3B.5 (EQCR Risk tolerance worksheet / F-340) was added (a Word document) to the audit template for use when the file is selected for an objective review by an Engagement Quality Control Reviewer.
• Document 2C.4A (Final analytical review / D-101) was added as a CaseView document to replace the former CaseWare document 2C.4.
• File Profile:
• Updated version information and added feature described above under “Financial statements”.

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What's new in Version 2007.02 - July 2007

• Version:
• Consistent with Version 2007.01, this release is available in three formats, one for use with CaseWare Working Papers 2006, one for use with CaseWare Working Papers 2005 and one for use with CaseWare Working Papers 2004. Template features are identical in each file set.
• Checklists:
• All the audit programs, disclosure checklists, review checklists, and compilation checklists are now current up to the May 2007 release of the CGA Canada Public Practice Manual. For details of these changes, please refer to the CGA Public Practice Manual.
• Financial statements:
• Several paragraphs that were editable in form mode have been replaced with input cells in the Notes to the Financial Statements. This will enable users to retain their input from one year to the next even after using the UPDATE button in the financial statements.
• The Notice to Reader was revised to comply with the new standards.
• Some minor editing was also performed, including fixing an item in the index that should be for display only.
• Client letters:
• The engagement letters were revised for consistency with the current version of the CGA PPM. In particular, the Audit Report was added to the audit engagement letter, and the Compilation engagement letter was revised to comply with the new standards.
• The compilation representation letter was revised for consistency with the current version of the CGA PPM.
• The independence letter was revised to automate several date fields, and to add revised wording for consistency with the current version of the CGA PPM.
• Small audit program:
• Several audit planning working papers were significantly revised for consistency with the current version of the CGA PPM, including Preliminary analysis and Inherent risk working papers.
• Several new substantive procedures planning audit working papers were added for consistency with the current version of the CGA PPM.
• Some audit planning checklists and working papers were removed for consistency with the current version of the CGA PPM, including Preliminary analysis, Inherent risk, and Details of changes.
• CaseView Working Papers:
• Client profile was revised for consistency with the current version of the CGA PPM, and input paragraphs were changed to input cells to enable users to retain their input from one year to the next even after using the UPDATE button in the document.
• Materiality assessment was revised for consistency with the current version of the CGA PPM. Roll forward features were enhanced, and the calculation of equity was corrected.
• Prepaid expense was revised to include roll forward features.
• Help file:
• Updated and expanded recommended procedures.
• File Profile:
• Updated version information.

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What's new in Version 2007.01 - January 2007

• Version:
• This release is available in three formats, one for use with CaseWare Working Papers 2006, one for use with CaseWare Working Papers 2005 and one for use with CaseWare Working Papers 2004. Template features are identical in each file set.
• Checklists:
• All the audit programs, disclosure checklists, review checklists, and compilation checklists are now current up to the November 2006 release of the CGA Canada Public Practice Manual.
• Financial statements:
• No changes were made to the financial statements in this release.
• Client letters:
• All engagement letters include a revision in the paragraph that refers to invoices and interest charges. The revision includes a wording change and an expansion of the portion of this paragraph that is editable in form mode.
• File Profile:
• Updated version information.

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What's new in Version 2006.02 - July 2006

• Version:
1. Consistent with Version 2006.01, this release includes two file sets, one for use with CaseWare Working Papers 2004, and one for use with CaseWare Working Papers 2005. Template features are identical in each file set.
• Checklists:
1. All the audit programs, disclosure checklists, review checklists, and compilation checklists are now current up to the May 2006 release of the CGA Canada Public Practice Manual.
• Financial statements:
1. Added new capital asset note for use in certain compilation engagements.
2. Corrected a cell in the callable debt qualifications to Review Engagement Report. (Group reference and event action in Cell J112 were removed.)
3. Moved selection / de-selection of Cash Flow statement to the File Profile (selection was previously in the financial statements) to simplify client set up procedure, since this selection affects the engagement letter for Review engagements.
4. Changed usage of client name in the notes to include the extended client name when applicable.
5. Fixed Cash Flow statement jump button in the Financial Statement Index.
• Client letters:
1. All engagement and representation letters now include the disclosures in sample letters in the May 2006 release of the CGA Canada Public Practice Manual.
2. Management letter: Corrected logic when using management bonus reporting in management letter.
3. Independence letter: Corrected logic in second to last paragraph (only affects review engagements).
• Client assistance WP and Materiality W/P:
1. Corrected printing of page numbers on second and subsequent pages.
• GIFI:
1. Changed default GIFI code for map 130 (prepaid expenses) to use 1484 instead of the more general group code 1480.
2. Changed default GIFI codes for map 425 and 710 (interest income) to use 8094 (Interest from other Canadian sources) instead of 8100 (Interest from financial institutions).
• File Profile:
1. Updated version information.
2. Added selection / de-selection of Cash Flow statement (previously set in the financial statements) to simplify client set up procedure, since this selection affects the engagement letter for Review engagements..

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What's new in Version 2006.01 - January 2006

• Version:
1. This release includes two file sets, one for use with CaseWare Working Papers 2004, and one for use with CaseWare Working Papers 2005. Template features are identical in each file set.
• Checklists:
1. All the audit programs, disclosure checklists, review checklists, and compilation checklists are now current up to the November 2005 release of the CGA Canada Public Practice Manual.
• Financial statements:
1. Added new option to note describing differential reporting options.
2. Added callable debt qualification to Review Engagement Report.
3. Added customizable independence paragraph to Notice to Reader.
4. Enhanced the library of notes.
5. Moved some options to the File Profile to simplify client set up procedure.
6. Improved the functionality of some options.
• Client letters:
1. All engagement/representation/management letters now include the disclosures in sample letters in the November 2005 release of the CGA Canada Public Practice Manual.
2. Enhanced optional features in the letters.
3. Enhanced management bonus reporting in management letter.
4. Improved printing issues.
5. Added new reporting option to differential reporting option letters.
• Client profile WP:
1. Added new differential reporting option.
2. Enhanced some options.
• Sales taxes WPs:
1. Enhanced some options and improved a printing issue.
• WCB WP:
1. Added reasonableness conclusion.
• Dividend WP’s:
1. Added “jump” buttons to facilitate usage.
2. Enhanced options for dividend resolution.
• Management bonus WP:
1. Enhanced resolutions and calculations.
• File Profile:
1. Updated version information.
2. Added several settings previously set in the financial statements or engagement letter.

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What's new in Version 2004.03 - August 2005

• Checklists:
1. All the audit programs, disclosure checklists, review checklists, and compilation checklists are now current up to the May 2005 release of the CGA Canada Public Practice Manual.
2. All review and compilation checklists are now set to “Checklist format 1”. (This can be changed by the user if desired.)
3. The CGA PPM index number now appears on the document index when a document is a CGA checklist or document.
• Financial statements:
1. Added “Update” button.
2. Adjusted and fixed various items, including:
• Title of Statement of Retained Earnings;
• Line spacing on balance sheet and income statement;
• Date headers on partnership and NPO equity statements;
• Problems encountered when changing the order of the statements have been fixed;
• Footnote referring to the notes will now suppress when notes are turned off.
• Client letters:
1. All engagement/representation/management letters now include the disclosures in sample letters in the May 2005 release of the CGA Canada Public Practice Manual.
2. New independence letter added.
3. Management letter is now context sensitive for plural/singular.
4. Some enhancements added.
• CaseView documents:
1. Changed “Update” feature in all documents to prompt user to confirm whether data should be retained. Added instructions for use of “Update” button.
• Materiality WP:
1. Revised.
• Income taxes WP:
1. Fixed calculations for refundable taxes.
• Future taxes WP’s:
1. Suppressed printing of detailed calculations for unused financial statement categories.
• Declining balance factor table:
1. Added new column for 45% rate.
• File Profile:
1. Updated version, contact information, and instructions.

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What's new in Version 2004.02 - January 2005

• All the audit programs and review and compilation checklists have been updated to include changes in the November 2004 release of the CGA Canada Public Practice Manual.
• Financial statements:
1. Our library of notes has been enhanced;
2. Statement of cash flows has been enhanced to include supplementary information;
3. Statement of cash flows now includes more options to shorten the statement when it overflows a page;
4. Comparative year headings have been enhanced;
5. Several other enhancements and changes.
• Client letters:
1. Engagement and representation letters revised to include changes in the November 2004 release of the CGA Canada Public Practice Manual;
2. Option added to engagement letters for use of letterhead;
3. Management letter now includes a section for free-form financial planning advice;
4. Management letter now includes a tax instalment paragraph;
5. Several other enhancements and changes.
• Working papers:
1. Clicking the “Update” button in error can now “undone” using the “undo” button;
2. Several other enhancements and changes.
• Other:
1. Chart of accounts now includes equity accounts for NPO’s;
2. References to PPM documents have been added to the document index.

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What's new in Version 2004.01 - August 2004

• This version included our most significant improvements ever to the financial statements. We added several buttons and drop-down menus to automate the process of preparing the financial statements. Adding and re-arranging the notes to the statements is now easier than ever, with an embedded library of notes easily selected with the click of a button! Changing from a corporation to a partnership to a not-for-profit financial statement format is completed at the click of a mouse! New options for sorting and changing content are found throughout the financial statements, including drop-down menus for selection of map numbers, drop-down menus for selection of entity type, sorting options for notes, sorting options for financial statement categories, optional qualified reports, an optional schedule of expenses, and more.

• Our library of notes has been expanded to include more NPO and business notes.
• An optional financial statement without income statement percentages has been added.

• Client letters have been enhanced to include options to change terminology for different entities, differential reporting, and accounting proprietorships and partnerships, all at the click of a button.

• Engagement letters now have several optional paragraphs that can be selected at the click of a button.

• The mapping number system has been expanded to allow for more flexibility and to accommodate the new financial statement features.

• All the audit programs and review and compilation checklists have been updated to include changes in the May 2004 release of the CGA Canada Public Practice Manual. We have now adopted the CGA Canada checklists as our primary source of review engagement programs, as we had previously done with the compilation and audit templates.

• All CGA disclosure checklists have been included, and are indexed by CICA Handbook section.

• Selected CGA disclosure checklists have been reproduced for easy reference at the end of relevant file preparation checklists.

• Several working papers and letters have been updated to include changes in the May 2004 release of the CGA Canada Public Practice Manual.

• Proprietorships and partnerships no longer require separate templates. Options to change between types of entities at the click of a button are included in the audit, review, and compilation templates. Supported entities are corporations, partnerships, proprietorships, and not-for-profit organizations.

• This version of the templates has been designed for use with CaseWare for Working Papers 2004.

• This is the first version of the templates released by D J McNeill Consultants Inc. since assuming responsibility for the templates from McNeill Jackson Information Systems Inc.

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What's new in Version 2001.02

• The CGA-Canada review engagement checklists have been updated for changes in the CGA Public Practice Manual in May 2003. No changes were made to our custom checklists, as our custom checklists in version 2001.01 already included the issues changed in the CGA checklists.

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What's new in Version 2001.01

• The templates were upgraded for use with CaseWare 2001.

• Most CaseView documents now include an Update button to allow updating of the document from the Knowledge Library.  This process allows you to update master documents in the Knowledge Library and then users can easily update those documents in the existing client files by clicking the update button.

• CGA Canada Public Practice Manual checklists have been updated to reflect changes in the CGA Public Practice Manual.

• CGA Canada Public Practice disclosure checklists have been added.

• Our custom checklists have been updated for changes to CICA Handbook.

• Our custom checklists have been updated to include disclosure questions regarding Differential Reporting

• Working paper 3C and the financial statements have been updated to allow for disclosure of Differential Reporting Options.

• Working paper 0.0P has been updated to allow for sales tax rate changes during the fiscal year.

• Automobile standby charge working paper has been revised and now allows for changes in CCRA rates during the fiscal year.

• Business use of personal automobile working paper has been updated to allow for changes in CCRA rates during the fiscal year.

• WCB accrual/reasonableness working paper has been revised.

• Money Laundering checklist/questionnaire has been added.

• Equity section of checklists and financial statements has been updated for Differential Reporting Options.

• New section has been added to templates for Goodwill and Intangible assets.

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What's new in Version 2000.02

• Linkage in all CaseView documents has been converted to map numbers from lead sheet numbers. To change the description for financial statement purposes, use the Account - Mapping menu item. The extended description can be changed by clicking on the ellipsis (...). If there is a plus sign (+), an extended description has already been entered.

• Materiality Guidelines working paper has been revised.

• Y2K issue references removed from letters and financial statements.

• Minor revisions made to several working papers.

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What's new in Version 2000.01

• Templates upgraded for use with CaseWare 2000.

• Added "GIFI-Short Form" codes to mapping.  These codes should be confirmed for individual clients.  NB: short form codes are not acceptable for all clients.

• Minor revisions to w/p 2D.2.

• Minor revisions to w/p FF.1.

• Minor revisions to graphs.

• Resolved minor bugs and implemented minor adjustments to financial statements.

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What's new in Version 98.02

• Templates upgraded for use with CaseWare 98.

• Mapping function implemented.  This feature is advantageous when setting up new clients. See CaseWare help for complete details.

• Working paper BS.1 - Balance sheet analysis added.

• Working paper FF.36 - Capital dividend account continuity added.

• Working papers GG.3 and GG.4 variance calculations corrected.

• Added a button to most CaseView working papers allowing the CaseWare adjusting journal entry dialog to be opened directly from the working paper.

• Year 2000 Issue note disclosure updated for change in December 1999 CICA Handbook update.

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What's new in version 2.1.03

• CGA Public Practice Manual programs and checklists updated to match most recent release from CGA Canada.

• Compilation templates now use the CGA Public Practice Manual programs and checklists.

• Mapping structure added that coincides with leadsheets.

• Reference to Y2K Issue dropped from Review Report.

• Working Capital graph year heading references corrected.

• Added note to library for Use of Estimates.

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What's new in version 2.1.02

• All checklists, programs, and working papers were reviewed with numerous minor improvements made.

• Future taxes working papers added.

• Terminology changed from Statement of Changes in Cash Resources to Statement of Cash Flows on financial statements and in letters and reports.

• Support for direct method of reporting on Statement of Cash Flows added.

• Y2K Checklist added.

• Reference to Y2K issue added to Representation and Engagement letters.

• Y2K Issue note added to note library and financial statements.

• Tax planning and financial planning working papers enhanced.

• CICA Handbook references updated.

• Compilation checklists modified to improve the distinction between compilation and review procedures.

• Fields added to File Profile (w/p 0.0P) for GST/HST and provincial sales tax rates (used on various working papers through the templates, such as GST and PST reasonableness).

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