Recognition of Exploration & Evaluation Assets – Timely Reminder
AASB Board Member and principal of Australian Financial Reporting Solutions, Carmen Ridley offers this advice to auditors and reporters for entities in mining and exploration concerns. ASIC have issued...
View ArticleWhat role should directors play in the financial reporting process?
(Article created by Carmen Ridley, AASB Board Member, Principal – Australian Financial Reporting Solutions www.afrs.com.au) Since the Centro case in Australia, there has been more focus and attention...
View ArticleCaseWare went to ATSA 2014
This year CaseWare went to Accountant’s Technology Showcase Australia (ATSA) 2014 at Crown Melbourne to learn about the latest and greatest technologies relevant to the Audit & Accounting market....
View ArticleRecoverable amount of intangible assets
Industry consultant, AASB Board member and Principal, Australian Financial Reporting Solutions and content provider for the CaseWare Financials template, Carmen Ridley provides her take on the tricky...
View ArticleCustomer Conference – Dwight Wainman on future Audit challenges
An extract of Dwight Wainman’s presentation to CaseWare Australia & New Zealand customers as part of the 2014 Customer Conference (key future development information has not been included in this...
View Article#auditorproud
Today being #auditorproud day, we at CaseWare are certainly proud to be working with Australia’s auditing fraternity, providing premium audit solutions! CaseWare’s software solutions have evolved over...
View ArticleWhy use the CaseWare Reportable Items (MLPs) feature?
Why use the CaseWare Reportable Items (MLPs) feature? Efficiency! As part of the audit engagement process, the engagement team may identify issues or items that need to be reported to those charged...
View ArticleWhy should I manually add “Controls” into my Audit engagement file?
It is the same principal as the more you put in, the more you get out. Yes, it is true that your client is likely to present you with a simple 1-page document or Excel spreadsheet listing the controls...
View ArticleWhy milestones can be a useful feature when importing multiple trial balances?
One feature that does not get a lot of credit is the Milestones. CaseWare Working papers allows you to create multiple milestones per document and then later compare to any subsequent changes....
View ArticlePersonal Property Securities Register (PPSR) – Alert for Auditors
Prepared by ESS BIZTOOLS and AMK Law This alert covers recent developments relative to the Personal Property Securities Act (PPSA) and the Personal Property Securities Register (PPSR). Receivers win...
View ArticleTime is money!
So why burn more time by focusing on irrelevant assertions that have little to no risk for a specific Financial Statement Area. Did you know that the FSA worksheet in CaseWare’s Audit System has...
View ArticleCaseWare Myth busters – CaseWare only suits bigger audits…
NOT TRUE! Have you tried using OneForm? In the lead up to the next audit busy season, we’ve been speaking to a number of firms about our CaseWare Audit solution, and through these discussions some have...
View ArticleAudit System Reportable Items TipVids
Did you know that the Audit System Reportable Items feature will allow you to post previously defined MLPs (Management Letter Points) to Those charged with governance, as Key Audit Matters in the Audit...
View ArticleDoes your audit team consider the ASIC Focus Areas?
Each year, ASIC announces several focus areas for Directors and Auditors to consider. The purpose of ASIC’s areas of focus is to ensure that the financial reports provide useful and meaningful...
View Article6 reasons why you should use CaseWare’s Engagement Letter…
There are a number of reasons as to why you should use CaseWare’s Engagement Letter. It is 100% editable. You can change anything that is yellow or green. You can also remove and add your own...
View ArticleAudit Sampling – Are You Really Complying with the Correct Standard?
Authored by: Michael Cain, Cain Consulting and Tim Lew, CaseWare Australia & New Zealand Are you using audit sampling methodology correctly? Or, are you selecting specific items for testing? Or,...
View ArticleCaseWare Online – Better than just “Cloud Enabled”
Author: Andreas Ong, CaseWare Technical Manager I have been reading about the problems we encountered with the Census, or when Sydney was hit with an extreme storm that brought down the internet...
View ArticleKAMs (Key Audit Matters) are not specific to Listed Entities
The documentation of KAMs applies in those circumstances when the auditor otherwise voluntarily decides, or at the request of management or those charged with governance, to communicate Key Audit...
View ArticleSMSF Audits – Balancing Compliance With Technology
This excellent article by Chris Malkin, Senior Consultant, Baumgartner Super, complements our CaseWare philosophy so well, we can’t improve on it, so here it is (just as published in SMSF Advisor,...
View ArticleProfessional Scepticism – Are we being sceptical enough?
It’s generally accepted that to be an effective auditor you must be able to exhibit a healthy dose of ‘professional scepticism.’ It is the expectation of most regulators that an increased level of...
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