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PEG Audit Profile - Core Practice Aid Forms

The Core Practice Aid Forms profile includes all available features and all the Core audit forms included in the Professional Engagement Guide (PEG). The forms included as Core would be completed on most audit engagements. It also includes Caseware's automated risk tracking, controls and reportable item modules. Where more guidance is required additional documents can be added from a document library.

Audit tools include:

  • Trial balance, journal entries and issues. Issues are used to track specific audit areas.
  • Optimiser checklist to remove documents based on checklist questions.
  • Core audit forms from PEG individual forms to document planning, risk assessment/responses, and completion of the audit. Core audit forms are applicable for most audit engagements.
  • Materiality worksheet and key materiality information at the top of most documents
  • Financial statement assertions (FSA)
  • Deletes immaterial audit sections.
  • Audit Plans and Procedures - lead sheets and audit work programs
  • Risk database where risks can be easily added throughout the engagement and summary risk reports produced.
  • Reportable item database where reportable items can be accumulated throughout the engagement and a report to management/those charged with governance can be prepared.
  • Control database where controls can be easily added throughout the engagement and linked to risks. Control matrix reports can be generated showing risks and related controls. Only key control attributes are accumulated.

For a comparison of all the profiles and general options, click here.

This online help system applies to all Caseware Audit, Review and Compilation products. Not all features are available in all products.