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

CaseWare Australia & New Zealand purchase Audit & Fraud Software to consolidate CaseWare Analytics offerings in the region

CaseWareAnalytics, CaseWare News, Industry News

PRESS RELEASE Melbourne, September 17 2018 CaseWare Australia & New Zealand are very pleased to announce that Audit & Fraud Software, distributors of CaseWare IDEA one of the world’s leading data analysis software packages, are now part of CaseWare Australia & New Zealand. “This is a great development for our current customers as well for those of Audit & Fraud … Read More

AASB 16 Lease accounting  – which discount rate?

CaseWareAccounting Standards, Carmen Ridley, CaseWare News, Financial Reporting

What is an appropriate discount rate for the calculation of lease liabilities? AASB 16 requires that most leases are brought on the balance sheet from 1 January 2019. I have been asked many times about the appropriate discount rate for the calculation of lease liabilities. Ideally, all leases would contain an implicit interest rate and then the answer is obvious … Read More

Annual SMSF Audit is the only option!

CaseWareCaseWare News, Industry News, opinion, SMSF Auditing

SMSF Sharlene Anderson

Sharlene Anderson Director, Veritas Corp Registered SMSF Auditor In brief: The Cooper Review of 2009 stated “Given the growing size of the SMSF sector and the importance of the audit role, the Panel believes that the current frequency of annual audits is appropriate and should not be reduced” The potential for professional fraudsters to take advantage of this proposal is … Read More

Visualise the Progress & Risks of an Audit Engagement

CaseWareAnalytics, Auditing, Auditing Standards, CaseWare News

Constellation Risk View

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

Budget Changes: Significant Global Entities (SGE) Definition Change

CaseWareCarmen Ridley, CaseWare News, Financial Reporting, Industry News, Legislation & Regulation

SGE Definition Expanded

Significant Global Entities (SGE) – more entities captured? Our financial reporting content expert Carmen Ridley, explains that many more entities might be needing to prepare General Purpose Financial Statements (GPFS) which will be placed on the public record. The deadline for SGE’s to lodge general purpose financial statements (GPFS) with the Australian Taxation Office (ATO) for the first time has … Read More

The 2018 CAANZ Audit Conference – Panel Discussion

CaseWareAnalytics, Auditing, Automation, CaseWare News, Industry News

Data, AI, Machine Learning: What's Next for the External Ausitor

Data, artificial intelligence and machine learning – what’s next for the external audit? CaseWare Australia & New Zealand proudly joined the Chartered Accountants Australia & New Zealand Audit Conference 2018 in mid April to discuss the importance of technological revolutions in auditing. The panelists were: Rob Pillans FCA – Chair (Planet Consulting) Bruce Wang (Accru Melbourne) Craig Waldon (CaseWare Australia … Read More

Data Analytics for SME Audits: Help or Hindrance?

CaseWareCaseWare News

Data Analytics for SME Audit

(Extracted from an article written by Craig Waldon, CaseWare Australia & New Zealand CEO for the Chartered Accountants Australia New Zealand 2018 Audit Conference. The full article can be read at this link.) “The future for Data Analytics is very bright. It is increasingly becoming a significant tool for auditors to use. Smaller practitioners have an important role to play … Read More

Accounting & Audit: Automation – How Much Is Too Much?

CaseWareAuditing, Auditing Standards, Automation, CaseWare News, Industry News

Automation Tools for Accounting & Auditing

by Sarah Butler, CaseWare SMSF Audit Product Manager As Product Manager of a cloud-based solution, I try to keep up with the latest trends in the world of technology. But in recent years, this has been a hard thing to do! Digital disruption, data feeds, blockchain, artificial intelligence, machine learning… the list goes on. At CaseWare, the current hot topic … Read More

5 Ways to Improve Your Efficiency with Audit System

CaseWareAuditing, CaseWare News

Efficiency in Audit System

There is more to Audit System than just Programs and Checklists. Audit System contains a vast variety of workpapers, dialogs and efficiency tools to ensure you produce a quality audit for your clients in a timely manner. Audit deficiencies are most frequently identified in: Assessing and responding to risks of material misstatement. Auditing internal control over financial reporting. Here are … Read More