Audit International 19.00 Content Updates
Audit international has the following content updates in addition to the What's New in Audit 19.00.
| Form Number | Description |
|---|---|
| General | |
| 400. | Optimiser checklists have been updated for new content throughout the template. |
| 400-1. | Optimiser checklists have been updated for new content throughout the template. |
| 400-2. | Optimiser checklists have been updated for new content throughout the template. |
| Audit | |
| ONEFORM | Modified to remove references to any deleted forms. Changes made for better compatibility to translation and form renumbering / renaming. |
| Planning | |
| 405. | Updates to procedures and conclusion. |
| 405C. | Updates to procedures and conclusion. |
| 426. | Major change to 2 procedures. |
| 426C. | Major change to 2 procedures. |
| 430. | Minor change to 1 procedure. |
| 444. | Minor change to 1 procedure. Minor change to guidance. Updated procedure tags for optimiser checklist in some procedures for Direct assistance. |
| 436. | Minor change to 2 procedures. |
| 420. | The sections can now be turned off by firm through AO - Firm settings. Prior period 2 now is implemented (which can also be turned off). Minor content changes. |
| Risk Assessment | |
| FSA. | Minor change to guidance. |
| 500. | Form has been deleted and merged with 510. |
| 501. | Added 2 new items in the Settings area. Updated table of contents to exclude expectations. |
| 505. | Form has been deleted and merged with 510. |
| 505C. | Form has been deleted and merged with 510. |
| 506. | Major change to 3 procedures. Minor change to 1 procedure. |
| 508. | Form has been deleted and merged with 510/510C. |
| 515. | Form has been deleted and merged with 510. |
| 510. | Major content update to include content in Forms 500, 505/505C, 508, 515 and 515-1 in order reduce duplicated responses and to streamline workflow. Reorganised format and layout of document. |
| 511. | Change mainly in regards to how each procedure references form 531 procedures. Only updated in the master template. |
| 511-1. | Minor changes made to document guidance. |
| 515-1. | Form has been deleted and merged with 510/510C. |
| 530. | Major content update. The form was redesigned and streamlined to only show relevant risks. A feature was added to each risk section that only allows a signoff when all fields have been completed. The signoff now clears on roll forward. |
| Risk Response | |
| SAMP | Added warning on the tolerable misstatement so that it cannot be higher than the performance materiality. Added warning in Sample size column when there is not a reasonable sample size. Currency symbol now based on regional settings. |
| 625. | Minor change to 1 procedure. Only updated in the master template. |
| 635. | Deleted 5 procedures. |
| 645. | Minor change to 1 procedure. |
| 650. | 1 new procedure. Minor change to 2 procedures. |
| 665. | Added 2 new items in the Settings area. Updated Table of contents to exclude expectations. Currency symbol now based on regional settings. Modified to remove references to any deleted forms. Changes made for better compatibility to translation and better functionality. |
| 666. | Minor change to 2 procedures. |
| 670. | Minor change to 1 procedures. |
| 5000. | Updated procedure tags for optimiser checklist in some procedures for Component auditors. |
| 5002. | Updated procedure tags for optimiser checklist in some procedures for Component auditors. |
| 5007. | Minor change to 1 procedure. |
| 5009. | Updated procedure tags for optimiser checklist in some procedures for Component auditors. |
| 5012. | Minor change to table of contents and H. Related party section. |
| Audit Plans And Procedures | |
| *.101, 200.102, 1600.105 (All Audit procedures documents) |
6 new procedures. New procedures relates to significant estimates, moved from Form 635. Worksheet - Accounting estimates (including fair values) Minor change to the detailed audit response table. Additionally:
|
| *.120, 1600.102, 1600.106 | Fixed database for the value of the recorded amount to save down properly. |
| 110.125, 130.125, 425.125, 1500.125, 1600.103, 1600.107 | Added warning on the tolerable misstatement so that it cannot be higher than the performance materiality. Added warning in Sample size column when there is not a reasonable sample size. Currency symbol now based on regional settings. |
| Completion Documents | |
| 335. | Minor change to content. |
| DOC | Ratio analysis form formerly document number 2.05. The graphs used in this document have been redesigned. |
| 305. | Major change to 2 procedures. Minor change to 4 procedures. |
| 340. | Minor change to 1 procedure. Updated procedure tags for optimiser checklist in a procedure for Group Audit and Component auditors. |
| 340-1. | Updated procedure tags for optimiser checklist in some procedures for Group Audit and Component auditors. |
| 310. | Minor change to 1 procedure. |
| New Master Documents | |
| SAP | Fixed databases for the value of the recorded amount to save properly. |
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