Top Tips for SMSF Audit: Key Requirements of ASA 230

CaseWareAuditing, Auditing Standards, Legislation & Regulation, opinion, SMSF Auditing

Audit evidence file storage within CaseWare SMSF Audit

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

CaseWareAccounting Standards, Auditing, Auditing Standards, opinion, SMSF Auditing

CaseWare Cloud SMSF Audit 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

CaseWareAuditing, Auditing Standards, opinion, SMSF Auditing

SMSF Audit Plan Top Tips

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

CaseWareAuditing, Auditing Standards, Legislation & Regulation, opinion, SMSF Auditing

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?

CaseWareAnalytics, Auditing, Auditing Standards, Industry News

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

CaseWareAnalytics, Auditing, Auditing Standards, Automation, CaseWare News, Fraud

Analytics in an 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!

CaseWareAASB 15, Accounting Standards, Auditing, Auditing Standards, Carmen Ridley, Financial Reporting, Industry News, Legislation & Regulation

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

Top 3 Considerations of a Data Analytics Solution for Better Client Audit Engagements

CaseWareAnalytics, Auditing, Automation, Fraud

Author: Andreas Ong, Technical Manager: Cloud & Data Analytics, CaseWare Australia & New Zealand We agree with Derek Parker who stated “The accounting profession is well-placed to take advantage of the emerging data analytics revolution but it will require a redesign for many firms, as well as a major change of mindset.” Craig Waldon CaseWare Australia & New Zealand CEO … Read More

Detecting Fraud with Analytics: Rounded Numbers

CaseWareAnalytics, Auditing, Cloud Computing, Fraud

Rounded number checks when auditing

Author: Andreas Ong, Technical Manager: Cloud & Data Analytics, CaseWare Australia & New Zealand Mark J Nigrini, Ph.D. wrote a very good article published in the Journal of Accountancy and titled “Round Numbers: A fingerprint of fraud”. It is about how auditors can benefit from understanding when the overuse of certain numerals might be a red flag for malfeasance. When … Read More