Auditing on CaseWare (Probe)

Why you should attend?

This 2 day course is designed for a CaseWare PROBE MMX Audit user. The objective of the course is to ensure that the user can set up an audit file, perform the audit engagement, review the audit engagement and finalise the audit engagement. The focus of the course will be on understanding and completion of the audit checklists and audit documents in the CaseWare (PROBE).

·         Prerequisite:

o    Must have attended CaseWare Fundamentals training or have a basic knowledge of CaseWare

o    Must have a PROBE template/licence

Course overview:

1.Setting up your audit file

This part of the refresher and reinforcement of best practices in creating and setting up your file in CaseWare. The part will include the following: Creating a new file This will encompass creating a brand new file and creating a new file when a prior year file exists.   Entering client information Reinforcement of best practices in completing engagement properties and the information store   Importing a trial balance Reinforcement of best practices in importing your trial balance   Mapping the trial balance

Reinforcement of best practices in mapping your trial balance
 

2. Planning and risk assessment

This first part will start by explain and introducing the following first explain and introducing the following: Audit process in CaseWare The audit methodology in PROBE MMX   In this part of the we will focus on important documents and checklist in the pre-engagement, planning and risk assessment.   The sections/folders we will focus on will be  Pre-engagement activities (Section 10) Planning and risk assessment (Section 11) Audit plan and strategy (Section 12)

 

3. Risk response/Execution

This section is the pivotal section of completing and assembly of the electronic audit file. This section will focus on the following: Completing of audit programs: Brief introduction to the audit program document Completing the Audit Program Creating supporting document for the audit work program to document audit evidence Referencing the supporting audit evidence to the audit program Adding external documents (supporting documents) to the document manager, including Excel, PDF, Outlook etc documents Concluding on an audit program Signing off the audit program Other tools in completing supporting documentation including the use of Connector and Bank Confirmations.  Completing Lead sheets Brief introduction to lead sheets Completing the lead sheet including adding notes, tick marks legends and references to the lead sheet ​Raising adjusting/un-adjusting journals

 

4. Reviewing the audit engagement and Finalisation

The focus on this section will be on the following:   Reviewing the audit file using the issues menu Flagging of changes post review sign offs on documents Use of milestones Finalisation section of the audit (Section 02)

 

5. File Maintenance

In this section we will demonstrate and illustrate features available to ensure that limited changes are made to the audit file post finalisation of the audit and audit report date by making use of the following features:   Clean up of audit file Lock down of the audit file after audit report date. Use of tracker Save and compress the audit file Back up the audit file

 
 

Please Note: The training delegate minimum requirement is 6 delegates, should we not meet this number the training will be rescheduled to the next training dates. If training is cancelled, we will inform you prior to the training date.

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