AICPA – Determined that the smaller auditor not be ‘outgunned’ by the Big 4 The American Institute of CPAs are moving forward with a multi-year initiative to create a new, innovative process for auditing using the latest technology. Determined not to be outgunned by the technology investments of the Big 4, and with 40% of The AICPA’s major firms Group … Read More
Top Tips for SMSF Audit: Key Requirements of ASA 230
The fifth in a series of six blogs, authored by our CaseWare Cloud SMSF Audit product content provider Sharlene Anderson and the Veritas Corp team. Sharlene focuses on a key SMSF Audit process for each of these blogs and recommends what to include in your documentation to ensure you complete and gather adequate evidence for a high quality, compliant audit. … Read More
Top Tips for SMSF Audit Documentation: The Management Letter
The third in a series of six blogs, authored by our CaseWare Cloud SMSF Audit product content provider Sharlene Anderson and the Veritas Corp team. Sharlene focuses on a key SMSF Audit process for each of these blogs and recommends what to include in your documentation to ensure you complete and gather adequate evidence for a high quality, compliant audit. … Read More
Top Tips for SMSF Audit Documentation: The Audit Plan
The second in a series of six blogs, authored by our CaseWare Cloud SMSF Audit product content provider Sharlene Anderson and the Veritas Corp team. Sharlene focuses on a key SMSF Audit process for each of these blogs and recommends what to include in your documentation to ensure you complete and gather adequate evidence for a high quality, compliant audit. … Read More
Top Tips for SMSF Audit Documentation: The Engagement Letter
The first in a series of six blogs, authored by our CaseWare Cloud SMSF Audit product content provider Sharlene Anderson and the Veritas Corp team. Sharlene focusses on a key SMSF Audit process for each of these blogs and recommends what to include in your documentation to ensure you complete and gather adequate evidence for a high quality, compliant audit. … Read More
What sort of data analytics tests might be relevant for audits?
Part 2 of a blog by David Stansell, Customer Service Manager for CaseWare Australia & New Zealand. Read Part 1 of this blog here. Please note that the images provided in this blog are all produced by our CaseWare Cloud Analytics product. Deciding what transactions to examine, and what to look for can be a challenge Avoid generating an overwhelming … Read More
Integrating data analytics into your audit plan for a more efficient audit
(Author: David Stansell, Customer Service Manager & CaseWare Cloud Analytics specialist) Is Better Planning the Key to an Efficient Audit? The work of an auditor today has transformed into something significantly different when compared to the auditor of 10 to 15 years ago. The levels of complexity present in the industry with compliance requirements, coupled with the ever-increasing time pressure … Read More
Revenue Recognition AASB 15 – What companies need to consider and DO NOW!
Author: Carmen Ridley, Principal – Australian Financial Reporting Solutions (www.afrs.com.au). Member of the AASB, and a specialist consultant for CaseWare Australia & New Zealand. The panic has finally kicked in I have been presenting about the changes to the revenue accounting standard AASB 15 for a number of years, since IFRS 15 was issued in May 2014 (followed by AASB … Read More
Visualise the Progress & Risks of an Audit Engagement
Author: Tim Lew, Product Manager: Audit, CaseWare Australia & New Zealand Have you seen our “Constellations” feature yet? CaseWare Audit System provides customers with the means of conducting an audit via the available electronic workpapers and forms. We asked ourselves: Is there a better way to perform a more efficient audit? Can CaseWare assist in focusing on critical information that … Read More
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