What's new in Version 2007.02
Jul 1, 2007

  • Version: 
    • Consistent with Version 2007.01, this release was 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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