What's new in Version 2010.02
Oct 1, 2010

• Version: 
  • This release was available in three formats, one for use with CaseWare Working Papers 2010, one for use with CaseWare Working Papers 2009, and a legacy version for use with selected previous versions of CaseWare Working Papers (2004, 2005, 2006, and 2008).
  • The 2009 and 2010 template packages include additional templates: 
    • Audit - CAS 
      • Designed for audits of private enterprises using either ASPE or pre-changeover GAAP and audits of NPOs using pre-changeover GAAP
    • Review - ASPE 
      • Designed or reviews of private enterprises that have adopted Accounting Standards for Private Enterprises (ASPE)
    • Compilation 
      • Designed with template enhancements not available in the older version
  • The legacy template packages and the 2009 and 2010 template packages include the following templates. (Certain new 2010 template features are not available in these packages - see details provided with the templates): 
    • Audit - Pre-changeover GAAS 
      • Designed for audits of fiscal years ending before December 14, 2010 - No further revisions of this template are planned
    • Review - Pre-changeover GAAP 
      • Designed for reviews of private enterprises and NPOs using pre-changeover GAAP - This template will be discontinued after the effective date for NPOs to adopt Accounting Standards for NPOs. (NPOs must adopt ASNPO no later than the first fiscal year commencing January 1, 2012 or later.) Templates designed for those new standards will be released in 2011 following the release of CGA checklists addressing ASNPO
    • Compilation - legacy version 
      • Issued primarily for the convenience of users who do not have CaseWare 2009 or 2010 - No further revisions of this template are planned. Users should move all compilations to the new version
• Checklists: 
  • All the audit programs, disclosure checklists, review checklists, and compilation checklists are now current up to the October 2010 release of the CGA Canada Public Practice Manual Online. For details of these changes, please refer to the CGA Public Practice Manual. 
  • The CAS audit checklists are now produced in CaseView, providing more features and functionality than the CaseWare checklists 
  • All CGA checklists have been renumbered 
• Mapping structure:
  • Map 175 and 175.10 to 175.50 “Other assets‛ changed to “Historical use only‛ lead sheet V.80
  • Map 220.20 and 260.10 designated for NPO deferred contributions
  • Map 241 added for callable debt scheduled 12-month repayments 
  • Map 381 series: GIFI changed to 3580 “comprehensive income"
  • Map 770 added for goodwill impairment loss
  • Map 780 added for change in fair value of investments
  • Map 825 added for tax reduction from losses carried forward
• Chart of accounts:
  • 2270 and 2670 added for NPO deferred contributions
  • 2502 added for callable debt scheduled 12-month repayments 
  • 5217 added for goodwill impairment loss
  • 4970 added for change in fair value of investments
  • 5955 added for tax reduction from losses carried forward
• Cash flow accounts:
  • s72 and s73 designated for bank overdraft and bank operating loan
  • s80 added for goodwill impairment loss
  • s81 added for change in fair value of investments
  • S106 and s206 changed from CCA class 45 to 50
• Document manager:
  • B section deleted (formerly short-term investments); lead sheet B renamed “term deposits (max. 3 mos.)‛ and added to lead sheet A document
  • D1 lead sheet (work in progress) presented in D section (inventory)
  • W section deleted (formerly other assets)
  • AA (short-term debt) combined with KK (long-term debt) to correspond with audit program 
  • GG (future taxes) combined with FF (taxes)
  • All checklists renumbered to include CGA PPM number after the period
  • Some documents renumbered to match the new sequence in the engagements
• Lead sheet groupings:
  • B (short-term investments) deleted
  • W (other assets) deleted
  • BB.85 added for NPO deferred contributions
  • Various lead sheet titles updated
• Working papers:
  • B.5 renumbered as N.2 (accrued interest receivable)
  • B.6 renumbered as N.3 (interest earned)
  • BB.27 calculations fixed (instructions for T4s) 
  • All CaseView documents updated and re-formatted
• Letters:
  • All letters have been customized to be unique to the templates, while addressing all matters required by CGA and Handbook 
  • CAS audit engagement letter added
  • CAS audit representation letter added
• Financial statements:
  • Options added to allow reporting of bank overdraft and operating loan on cash flow statement as either cash and cash equivalent or financing activity 
  • CAS Independent Auditor’s Report added 
  • Balance sheet revised to report callable debt after a sub-total of current liabilities
  • Captions added for all balance sheet 
  • Related party notes consolidated and enhanced
  • 3rd column added to balance sheet for initial year of adoption of ASPE
  • Goodwill impairment added to cash flow statement (indirect method) and income statement
  • Change in fair value of investments added to cash flow statement (indirect method) and income statement for ASPE
  • Tax reduction from losses carried forward added to income statement for use when losses not recognized by a future tax asset
  • Financial statement notes that are unlikely to be used in a compilation have been moved out of the standard library display in a compilation
  • Many other revisions and additions to the library of financial statement notes
• Help file:
  • Updated the year-end procedures description to include new instructions for version 2010.02 
• "Getting Started" file: 
  • Added current revision information
  • Removed prior revision information that is available on our website
  • Revised the instructions for converting an existing CaseWare file for use with the templates 
• File Profile: 
  • Updated the version information.
  • Added several new client information fields to identify the applicable GAAP and GAAS
  • Added scope limitation explanatory information for ASNPO and IFRS
  • Fixed dates for graphs