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FAQ

Probe | ATA | How to use document 85.10 MVARAF work program

Published:  14/03/2017
How to use document 85.10 MVARAF work program

  Answer:

Objective

The objective of this work program is to set forth the procedures necessary to complete an efficient and effective engagement on attorneys trust accounts.  It consists of a detailed plan of the work that must be performed, encourages a thorough understanding of the section being performed and includes the steps required to achieve the reasonable assurance engagement objectives. 

The work program also furnishes evidence that the work was adequately planned and provides a record that can be reviewed and approved by management before performing the work, thereby contributing to assignment supervision and aiding the reviewer in reviewing the assurance engagement.

Lastly the work program provides assurance that all appropriate risk areas have received adequate consideration and that important aspects of the assurance engagement have not been omitted while bringing order and coherence to the engagement and provides a record of work completed.


Format

This document reflects decisions made in your planning section of the engagement. It will not necessarily contain all the mentioned tabs as they are enabled/disabled in other documents during the planning of the engagement. Your document can contain a combination of all or some of the following tabs:

Significant risk responses This tab will only show if risks was recorded by you in 13.50 Risk and control assessment.

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Test of control 
This tab will only show if controls was identified in 13.50 Risk and control assessment and reliance will be placed on these controls documented by you.

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MVA/RAF This tab will always show and cannot be disabled.

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Other This tab will only show if you indicated that other procedures are required in 13.20 Engagement planning (Gathering information tab).

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Conclusion This tab will always show and cannot be disabled.
   

Instructions

Significant risk responses

COLUMNINPUT REQUIREDOUTCOME
RiskNo input required.This is a description of the risk recorded in 13.50 Risk and control assessment.
Significant risk responseYou have to insert the findings and conclusion for each risk response under each procedure.The audit procedures designed by you in 13.50 Risk and control assessment are listed here. 

Your response in the ‘Results and conclusion’ section will be carried forward to 03.00 Finalisation for the partner to conclude on.
ExceptionsYou have to state whether you found any exceptions during testing by using the "Yes / No" drop down box.
  • If you found no exceptions then the “Performed by” column will be signed off automatically.
  • If you found exceptions then a comment box will appear under the procedure.
If exceptions are documented accurately it will assist you in determining where more work may be needed or documents are outstanding.
Performed byIf you found no exceptions this column will be signed-off automatically, otherwise you will have to sign-off manually by inserting a tick in the tick box or by typing your name and date in the given cell. The reviewer will be able to see who performed the work. 
Ref.Insert a reference, if necessary, to supporting documentation, you can click on the dropdown box to reference to a document already in your CaseWare Working Papers file.  By inserting references to work performed on other working papers you ensure that your file is easy to follow and complies with ISAE3000.
 

Test of control

COLUMNINPUT REQUIREDOUTCOME
ControlNo input required.This is a description of the risk recorded in 13.50 Risk and control assessment.
Test of controlNo input required.The audit procedures designed by you in 13.50 Risk and control assessment are listed here. 

Your response in the ‘Results and conclusion’ section will be carried forward to 03.00 Finalisation for the partner to conclude on.
ExceptionsYou have to state whether you found any exceptions during testing by using the "Yes / No" drop down box.
  • If you found no exceptions then the “Performed by” column will be signed off automatically.
  • If you found exceptions then a comment box will appear under the procedure.
If exceptions are documented accurately it will assist you in determining where more work may be needed or documents are outstanding.
Performed byIf you found no exceptions this column will be signed-off automatically, otherwise you will have to sign-off manually by inserting a tick in the tick box or by typing your name and date in the given cell. The reviewer will be able to see who performed the work. 
Ref.Insert a reference, if necessary, to supporting documentation, you can click on the dropdown box to reference to a document already in your CaseWare Working Papers file.  By inserting references to work performed on other working papers you ensure that your file is easy to follow and complies with ISAE3000.


MVA/RAF / Other

COLUMNINPUT REQUIREDOUTCOME
ProceduresYou will be guided to look at different sources and documentation to obtain sufficient and appropriate evidence to substantiate that the trust account(s) do not contain any non-compliance.In performing all the procedures you will be able to conclude on the remaining risk of material misstatement of the trust account(s).
ExceptionsYou have to state whether you found any exceptions during testing by using the "Yes / No" drop down box.
  • If you found no exceptions then the “Performed by” column will be signed off automatically.
  • If you found exceptions then a comment box will appear under the procedure.
If exceptions are documented accurately it will assist you in determining where more work may be needed or documents are outstanding.
Performed byIf you found no exceptions this column will be signed-off automatically, otherwise you will have to sign-off manually by inserting a tick in the tick box or by typing your name and date in the given cell. The reviewer will be able to see who performed the work. 
Ref.Insert a reference, if necessary, to supporting documentation, you can click on the dropdown box to reference to a document already in your CaseWare Working Papers file.  By inserting references to work performed on other working papers you ensure that your file is easy to follow and complies with ISAE3000.

 

Features

The following features are available in the document:

  • Insert comment, click here for further information
  • Delete comment, click here for further information
  • Insert row at end of table, click here for further information
  • Delete row, click here for further information
  • Enable editing & edit paragraph, click here for further information
  • Insert paragraph, click here for further information
  • Hide paragraph & ignore procedure, click here for further information
  • Views, click here for further information
  • Record events, click here for further information


Conclusion

You have to conclude in this document on various events, conditions, factors and the appropriateness of the engagement plan in this document. 

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You also have to conclude after each type of procedure performed on the assurance that you have obtained from that type of procedures performed. 

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A summary of all the assurance obtained from the different types of procedures will then be shown for you to determine and conclude on the estimated engagement risk remaining and any non-compliance identified.

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