Audit - Extended

Audit - Extended profile includes all available audit features and all documents included in the Audit US including documents to address standards in a larger entity (example, group audits, internal audit. Optimizer will guide the user to delete inapplicable areas.

Audit tools include:

• Trial balance, journal entries and issues. Issues are used to track specific audit areas.
• Optimizer checklist to customize specific procedure actions in work programs and remove documents based on checklist questions.
• Optimizer checklist to customize Reporting checklist for the auditor's report.
• Individual forms to document planning, risk assessment/responses, and completion of the audit. Audit forms that are applicable for most audit engagements and required to be compliant with US standards are included on the document manager. Supplementary forms are located in the document library and can be added to an engagement file as needed.
• Materiality worksheet and key materiality information at the top of most documents
• Financial Statement Areas (FSA)
• Audit Plans and Procedures - lead sheets and audit work programs
• Identified Misstatements - unrecorded journal entries (summarised by factual/projected/judgemental) and a summary of unadjusted misstatements.
• Risk database where risks can be easily added throughout the engagement and summary 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.

For a comparison of the profiles and their 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.