Release notes for Enhanced CaseWare®/CICA Review – March 2009
Please review the following information prior to opening Enhanced CaseWare®/CICA Review 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 #41 highlights letter for details on PEM Update #41 and details on the use of these forms.
The Enhanced CaseWare®/CICA Review template is designed using CaseWare® Working Papers 2008. To use the Enhanced CaseWare®/CICA Review, you need the following:
· Working Papers version 2008.00.350 or higher
· Minimum 256 MB RAM, 512 MB RAM or higher recommended
· Hard disk:
o Minimum 18 MB for Review content/libraries/help
o Minimum 59 MB for each open client file
o Minimum 27 MB for each compressed client file
Working Papers must be installed prior to installing the Enhanced CaseWare®/CICA Review.
PEM Update #41
No automatic update is provided in the PEM Update #41 due to the significant changes by the CICA to the content and structural layouts to many of the forms. Consequently, all PEM documents must be deleted and replaced with the newer version of the PEM #41 documents. This must be completed for any existing client files created prior to PEM Update #41 to ensure that there are no compatibility issues. Any custom work programs and checklists created by the user must be deleted and recreated using PEM Update #41. Please see the User Guide or the Help for instructions on updating documents and procedures in an existing file.
Dates are included on the bottom of each form – please refer to the PEM Contents Checklist for a listing of the relevant dates for each form. Refer to the PEM Update #41 highlights letter for information on the content update. For details on any enhancements listed below, refer to the Help accessible from any document.
Following are the enhancements and modifications between PEM Update #40 and PEM Update #41:
The following documents have content updates as part of the PEM Update #41.
· G.1 – GIFI Schedules, 100, 125 & 141
· G.1N – Notes to G.1 Financial Statement
· G.2 – GIFI Schedule 101
· G.3 – GIFI Supplementary Schedule 125
· G.4 –GIFI Schedule 140
· 310 – Checklist – Review completion
· 315 – Checklist – Financial statement presentation
· 320 – Notes on significant decisions
· 330 – Worksheet – Matters for discussion
· 345 – Worksheet – Extracts from minutes (previously 360)
· 380 – Alternative review program
· 405 – New engagement – Acceptance
· 410 – Existing engagement – Continuance
· 504 – Materiality
· 626 – Worksheet – Going concern
· 662 – Worksheet – Estimates and fair values
· B.115 – Investments – Review procedures
· FF.110 – Income taxes – Review procedures
The following documents have been removed as part of the PEM Update #41.
· G.5 – Gifi Supplementary Income Statement Information
· G.6 – Summary Income Statement Information
· Added new functionality to highlight new procedures, updated procedures and modified procedures.
· Introduced a Check for Updates Summary when a Check for updates is performed. This summary highlights the changes made to a program or a checklist.
· Included Guidance and Conclusions areas as options to update when using the Check for Updates function.
· Added new functionality to highlight updated procedures and new procedures.
· Designed a tool called Based on Procedure to track the procedure the content has been based on when creating procedures.
· Created new options for Check for updates options in AO – Work Program Options
· Added roll forward options for Conclusions in AO - Work Program Options.
· Included a tool to organize and manage procedures better by use of groups and sub groups.
· Added menu option to add risk report in checklist documents.
· Included document CWSupport – CaseWare support report to simplify the process of reporting issues to CaseWare International Inc. Technical Support.
Note: This enhancements listing only includes major content / functionality changes. Minor changes were made to some documents not included in this listing to improve content and usability.
Enhanced CaseWare®/CICA Review 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 Review 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
Review
(i.e. no existing client data at the time of creation)
Please see Help for detailed instructions for each of these options.
Below are initial steps each user of the Enhanced CaseWare®/CICA Review 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 Review file must be performed at the firm level prior to creating new files for the individual client engagements.