Release notes for Enhanced CaseWare®/CICA Compilation – August 2009
Please review the following information prior to opening Enhanced CaseWare®/CICA Compilation template. It is recommended that you print a copy of this document and keep it for reference.
a) If any errors are displayed during installation, please contact CaseWare International Inc. Technical Support.
b) Refer to the Getting Started Guide for instructions on updating PEM "Enhanced" template client files. Detailed listings of the enhancements included in this update are outlined below. Note that there are two templates included on the CD – the PEM "Enhanced" template and the PEM "Standard" template. If you are using the "Standard" template these notes are not applicable.
c) Any questions relating to the content included in the forms should be directed to the CICA at 416-977-3222. It is recommended to refer to the PEM Update #42 highlights letter for details on PEM Update #42 and details on the use of these forms.
The Enhanced CaseWare®/CICA Compilation template is designed using CaseWare® Working Papers 2008. To use the Enhanced CaseWare®/CICA Compilation, you require:
· Working Papers version 2008.00.350 or higher
· Minimum 512 MB of system memory, 1,024 MB RAM or higher recommended for improved performance
· Hard disk:
o Minimum 12 MB for Compilation content/libraries/help
o Minimum 23 MB for each open Compilation client file
o Minimum 8 MB for each compressed Compilation client file
Working Papers must be installed prior to installing the Enhanced CaseWare®/CICA Compilation.
PEM Update #42
The CICA has advised that "In the fall of 2009, a new PEM (to be called C-PEM) will be published. It will contain guidance on how to comply with Canadian Auditing Standards (CASs) that will be released in the Handbook in the fall and come into effect for audits of fiscal periods ending on or after December 14, 2010." Early adoption is not allowed.
There are no content updates for Compilation in PEM Update #42.
Enhanced CaseWare®/CICA Compilation can be integrated with your client data in one of three ways:
·
Add to an
existing Working Papers client file
(i.e. merge the template documents into an existing client file)
·
Create a new
file based on CaseWare®/CICA Compilation with existing client data
(i.e. create a client file based on an existing Working Papers file or an
accounting package)
·
Create a new client
file based on CaseWare®/CICA
Compilation
(i.e. no existing client data at the time of creation)
Please see the Help for detailed instructions for each of these options.
Below are initial steps each user of the Enhanced CaseWare®/CICA Compilation template can take:
User
· In the client file, the user completes the applicable documents on the Document Manager. Other required documents can be brought in from the master file through the document library by selecting Insert | New Document | From Document Library from the Working Papers menu.
Firm
· In the master file, the firm's first step is to review the programs and checklists on the Document Manager. The program settings in the document AO – General options should be reviewed.
· Any modifications to the master firm copy of the Enhanced CaseWare®/CICA Compilation file must be performed at the firm level prior to creating new files for the individual client engagements.