Engagement Management

Group Audit

• Group audit overview

File Preparation

• Create a consolidation engagement

• Create an externally consolidated engagement

• Set up central planning

• Define materiality

• Add a risk from the risk library

• Viewing your assigned work

Planning

• Check staff workload

• Create and set up an engagement file

• Create a new engagement based on an existing file

• Manage the engagement documents

• Review the prior year's engagement

• Create an engagement for an interim period

• Carry forward an engagement

• Complete a checklist

• Set deadlines and budgets for a new engagement

• Set up and import a trial balance containing dimensions

• Copy risks, controls or checklists from other engagements

Staff-Client Collaboration

• Staff-Client collaboration workflow

• Create a query document

• Send the query to contacts

• Respond to a query

• Review contact responses

• Reopen a query

• Complete a query

• View queries (the Query dashboard)

Data Export from Third-Party Tools

• Export data from Xero

• Export data from Quickbooks

• Export data from Sage 50 Canada

Data Import

• Import and manage data

• Manage your imported data

• Import data from online accounting software

• Supported third-party desktop accounting software

• Prerequisites for importing from desktop accounting software

• Import data from desktop accounting software

• Import from QuickBooks desktop

• Import from QuickBooks desktop (Export from QB)

• Import from Sage desktop

• Import data from AuditXML

• Import data from SAP S4 HANA

• Import data from SAP using SmartExporter

• Import the client's data from a CSV or Excel file (new method)

• Import the trial balance from a CSV or Excel file (old method)

• Import the trial balance from an engagement file

• Sync a trial balance across engagements in different Cloud apps

• Prepare the transactions CSV file

• Resolve data conflicts

Trial Balance Data

• Understand the trial balance dataset

General Ledger Data

• Understand the general ledger dataset

• Transaction details

• Account details

• Additional details

• Subledger details

• Process details

Subledger Data

• Understand subledger data

• Accounts payable—invoices

• Accounts payable—open balances

• Accounts payable—suppliers

• Accounts payable—payments made

• Accounts receivable—invoices

• Accounts receivable—cash received

• Accounts receivable—customers

• Accounts receivable—open balances

• Inventory transactions

• Inventory on hand

Accounts and Analysis

• Add an account or a group in the Data page

• Assess General Ledger Completeness

• Assign accounts to groups in the Data page (new design)

• Assign accounts to groups in the Data page

• Assign financial groups to areas

• Dynamic account reassignment in the Data page

• View data for consolidation engagements in the Data page

• Export adjustments and trial balance data

• Export trial balance groups

• Post adjustments to the trial balance

• Review group and account balances in the financial statements

• Sample selection

• Sign off on the trial balance and adjustments

• View account analysis in checklists

• View the client's transactions

• View the client's trial balance data

Embedded Analytics

• Manage analytic tests in the Analytics Hub

• View and manage aggregated analytic test results in Analytics Hub

• Run analytic tests from checklists and Analytics Hub

• Generate a sample from Analytics Hub

Documentation and Review

• Upload files to an entity

• Download files

• Download Working Papers files

• Attach documents to an engagement file

• Add new Word and Excel documents

• Add annotations

• Add review notes (issues)

• Complete review notes (issues)

• Respond to file requests

• Work with Review Tools

• Review prepared documents

• View the overall engagement status

Financial Statements Preparation

• View guidance information in the financial statements

• Use non-consolidated balances in the financial statements

• Exclude prior year information from the financial statements

• View details of accounts and groups in the financial statements

• Set a default display option for accounts and groups in the financial statements

• Review account analysis in the financial statements

• Rounding in financial statements

• Replace text and field placeholders in the financial statements

• Exclude content in the financial statements

• Add excluded content back in the financial statements

• Change engagement glossary terms and dynamic text in the financial statements

• Review the Statement of Cash Flows in the financial statements

• Create a note in the financial statements

• Add a note from library in the financial statements

• Hide sublevel headings for notes

• Link an account or a group to a note in the financial statements

• Add data in the financial statements tables

• Insert the firm logo in the financial statements

• Translate the financial statements

• Save and compare financial statements

• View and share financial statements

Conclusions

• Print the financial statements document

• Summary of misstatements

• Post tax adjustments

• Lock down the engagement

• Report the engagement status to others