CASEWARE®/CICA AUDIT, REVIEW, AND COMPILATION

CASEWARE®/CICA

AUDIT, REVIEW, AND COMPILATION

C-PEM 2011

GETTING STARTED GUIDE

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Revision Date Comment A October 2011 Release Version

http://www.caseware.com/

Table of Contents Page

1 GETTING STARTED ...................................................................................................... 1 1.1 Overview ........................................................................................................................................ 1 1.2 Enhanced vs. Standard Templates ............................................................................................... 2

1.2.1 CaseWare®/CICA Enhanced Templates ...........................................................................................2 1.2.2 CaseWare®/CICA Standard Templates ............................................................................................4

2 ENHANCED TEMPLATES – NEW C-PEM INSTALLATIONS ................................................ 6 2.1 Installation ..................................................................................................................................... 6

2.1.1 Installing the CaseWare®/CICA Enhanced Templates ‘as is’ ............................................................6 2.1.2 Installing the CaseWare®/CICA Enhanced Templates – Firm Customization ...................................7 2.1.3 Installing the Enhanced Firm-Customized Templates – End Users ...................................................8

2.2 Creating a Client File ..................................................................................................................... 8 2.2.1 Creating a New Client File from Existing Client Data .........................................................................9 2.2.2 Creating a New Client File based on a Template ..............................................................................9

2.3 Getting supplemental documents for your file ............................................................................. 10

3 STANDARD TEMPLATES ............................................................................................. 11 3.1 Installing the CaseWare®/CICA Standard Templates ................................................................ 11

4 UPDATING EXISTING C-PEM – ENHANCED, NO FIRM CUSTOMIZATION .......................... 12 4.1 Determine Your Existing C-PEM Installation Type ...................................................................... 12 4.2 Install C-PEM 2011 ...................................................................................................................... 12 4.3 Apply the update to existing C-PEM engagement client files ..................................................... 13

5 UPDATING EXISTING C-PEM – ENHANCED WITH FIRM CUSTOMIZATION ........................ 15 5.1 Update Process for Firm-Customized Enhanced C-PEM installations ....................................... 15

5.1.1 Ensure C-PEM 01 templates have been converted to Working Papers 2011 ................................. 15 5.1.2 Firm Customization - Additional procedures .................................................................................... 15 5.1.3 Update to C-PEM 2011 (updates the master templates) ................................................................. 16 5.1.4 Apply the update to existing C-PEM engagement files .................................................................... 17

6 GETTING HELP .......................................................................................................... 19 6.1 Troubleshooting - Did you encounter problems? ........................................................................ 19 6.2 Help ............................................................................................................................................. 19

6.2.1 Common Buttons ............................................................................................................................. 19 6.2.2 CaseWare QuickVids ...................................................................................................................... 20

6.3 Technical Support ........................................................................................................................ 20 6.3.1 What you need to tell us .................................................................................................................. 20 6.3.2 Contact Us ....................................................................................................................................... 21

7 APPENDIX- CONTENT UPDATE LISTING OF C-PEM 2011 DOCUMENT CHANGES ............ 22 7.1 Audit............................................................................................................................................. 22 7.2 Review ......................................................................................................................................... 26 7.3 Compilation .................................................................................................................................. 27

C-PEM Getting Started Guide

Copyright ©2011 CaseWare International Inc. Quoted passages Copyright ©2011 CICA

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1 Getting Started 1.1 Overview

CaseWare® International Inc. licenses the content for C-PEM 2011 under agreement with the Canadian Institute of Chartered Accountants (CICA). The content provides non-authoritative guidance on applying auditing standards developed by the International Federation of Accountants (IFAC) and adopted in Canada as the Canadian Auditing Standards (CASs) by the Auditing and Assurance Standards Board in Canada (AASB).

The content in CaseWare®/CICA Audit, Review, and Compilation is based on the Canadian Professional Engagement Manual (C-PEM), which is described by the CICA as follows:

“The C-PEM is designed to:

• Assist practitioners performing assurance and compilation engagements for small and medium-sized entities (SMEs); and

• Promote consistent application of the Canadian Auditing Standards (CASs) and the review and compilation standards (other Canadian standards — "OCSs") included in the CICA Handbook - Assurance.

The C-PEM provides non-authoritative guidance on applying the CASs and OCSs that were issued by the AASB as at December 31, 2010.

The goals for C-PEM are to help practitioners:

• Educate and train professional accountants and students; • Conduct high quality, cost-effective SME engagements; and • Better serve the public interest.

The purpose of the Canadian Professional Engagement Manual (C-PEM) is to provide practical guidance to practitioners in conducting audit, review and other assurance and compilation engagements for small- and medium-sized entities (SMEs). Problems unique to particular kinds of organizations such as listed entities (public companies) or specialized industries (such as municipalities and financial institutions) are not specifically covered.

The sample forms, checklists, questionnaires and so forth provided on the accompanying file are useful practice aids that can save time and money while ensuring completeness and consistency. However, these practice aids do not address the wide range of circumstances, risk factors or specific industry issues that may exist for a particular client or groups of clients (such as those operating in a specialized industry). Consequently, the C-PEM forms should always be tailored to address the known facts and circumstances of each engagement.

It is recommended that staff receive some basic training on the use of these forms. The forms have been designed to document audit evidence obtained in a structured and systematic way. This facilitates ease of file review and time saving when updating the forms in subsequent years.

The C-PEM is not a substitute for professional standards and the related pronouncements nor is it a substitute for the practitioner's professional judgment. It is an aid for understanding and consistently implementing these standards on SME audits and other engagements.



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It is anticipated users will:

• Read the original pronouncements It is assumed that practitioners have read and have a basic knowledge of the Canadian Auditing Standards (CASs) and Other Canadian Standards (OCSs).

• Exercise professional judgment in each engagement The practitioner's application of relevant knowledge and experience to the known facts and circumstances of each engagement is a key requirement to ensure informed decisions are made about matters such as materiality, nature and extent of procedures required, evaluation of evidence obtained and the drawing of appropriate conclusions.”

The content is updated on a regular basis by the CICA and practitioners should ensure that they are using the most up to date version of all forms.

Condensed audit forms ("c" forms) are abbreviated versions of the standard C-PEM audit forms. They are designed primarily for use on smaller engagements by auditors who understand the CAS requirements. Compliance with CAS requirements is required regardless of what forms (standard, condense or memos to file) are used. Additional information is provided on the use of "c" forms on Form 001c.

Disclaimer

These forms are designed to assist practitioners in the implementation of “Canadian Auditing Standards" (CASs) for audit engagements and "Other Canadian Standards" (OCSs) applicable for review and compilation engagements. The forms are not intended to be a substitute for the CASs or OCSs.

Practitioners should utilize these forms in light of their professional judgment and the facts and circumstances involved in each particular engagement.

The CICA and CaseWare® International Inc. disclaim any responsibility or liability that may occur, directly or indirectly, as a consequence of the use and application of these forms.

1.2 Enhanced vs. Standard Templates

When you insert the CaseWare®/ CICA Templates CD into your drive, you will be asked which template you wish to install. You may choose the enhanced template format, the standard template format, or both.

Note: The enhanced templates must be installed on individual local workstations and should not be installed on a network.

1.2.1 CaseWare®/CICA Enhanced Templates

The CaseWare®/CICA Enhanced templates provide a standardized framework within which firms can customize and create content or use out of the box. Firms can take advantage of the built-in automation which promotes efficiency in the audit process.

The CaseWare®/CICA Enhanced templates provide powerful functionality over the standard templates, including:

Content Authoring – standardized programs and checklists make it easy for firm authors to create and manage content. Right click menu options provide simple to use functionality to add or customize existing content. Permissions exist to define work program/checklist presentation format and terminology. Customization options are available to define:

• Work program responses



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• Procedure sign-off behavior • Work product/sign-off retention policies on year-end close process • Define Assertions • Define Financial Statement Areas options (Audit only) • Define Risk options (Audit only) • Define Control options (Audit only)

Content Management – version tracking functionality exists within the enhanced templates to allow content to be tracked at the document and procedure level ensuring client files are always up to date with the latest firm and CICA content. As the firm author you define globally how future content updates are to be addressed in client files. The version tracking document provides a concise report of documents/procedures in a client file that differ from the master firm templates.

Tracking Risk – a centralized risk tracking system allows you to create, manage and report identified risks. Record risks as they are identified throughout the audit by clicking in any document. Risks are stored centrally then conveniently presented in the Risk Report and at the top of each work program. Risk properties and attributes are easily customizable by the firm author.

Tracking Controls – combined with the centralized risk tracking system, the enhanced template enables you to create, manage and associate controls to the relevant risks. Record controls by clicking the in any document. Controls are stored in the central database and then reported in control matrices, displaying the relationship with risks and grouped by business cycle.

Efficient Partner/Manager Review – preset the Partner Manager Summary document in the customized template to present the information deemed important by the firm author for engagement executives. Multiple versions of the document can be created by copying and pasting and setting the filters to define the desired content.

Audit is friendly and easy to use and helps engagement teams gain efficiencies through its automation.

Financial Statement Areas (FSA) worksheet – this worksheet provides a central source for reviewing material accounts, setting up business cycles, defining relevant assertions and referencing to the appropriate work programs. Used in the planning process, the FSA helps teams quickly and easily identify material accounts.

Risk Report – a comprehensive report providing detail information of all risks identified in the engagement. Apply filters and views to present high level information that is important to engagement executives or present detail information for engagement team members.

Control Matrix – a comprehensive report displaying detail information about the controls and the association to relevant risks. Create multiple matrices to display the controls by business cycle or manage within a single matrix by applying business cycle filters.

Work programs and checklists – fully automated documents that are easily customizable by the firm and the engagement teams. Right click menu options provide simple to use functionality to customize content, add existing content from the firm library, link procedures to identified risks, efficient sign-off, automatically create an issue based on pre-defined responses and much more.

Note: Not all components are included in the enhanced Review and Compilation products, including: Risk Tracking, Risk Report, Control Tracking, Control Matrix, Financial Statement Areas Worksheet, and the Partner Manager Summary document.



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System Requirements – Enhanced Templates

The CaseWare®/CICA Enhanced templates are designed using CaseWare® Working Papers 2011.

To run the CaseWare®/CICA Enhanced templates, you require:

• Working Papers version 2011.00.081 or higher installed • Working Papers with SmartSync Users require version 2011.00.084 or higher installed • 1 GHz 32-bit (x86) or 64-bit (x64) processor, 2 GHz or higher recommended • Minimum 1,024 MB of system memory, 2,048 MB RAM or higher recommended for improved

performance • Hard disk:

o Minimum 511 MB for Audit Installation o Minimum 130 MB for each open [43 MB closed] Audit C-PEM client file o Minimum 217 MB for Review and Compilation installation o Minimum 68 MB for each open [16 MB closed] Review C-PEM client file o Minimum 27 MB for each open [7 MB closed] Compilation C-PEM client file

Note:

• The size of the files will increase as content is added by the firm. • Working Papers must be installed prior to installing Audit and Review/Compilation.

1.2.2 CaseWare®/CICA Standard Templates

The CaseWare®/CICA Standard templates include the content presented in the standard format prior to the introduction of the enhanced templates. As with the enhanced templates, the standard templates incorporate many of the basic Working Papers features including:

• Document Manager, for easy access to all working papers • Complete working papers, including leadsheets, ratio analysis and account analysis • Comprehensive chart-of-accounts, which you can modify to your own specifications • Built-in diagnostics, to aid your file review • Built-in "mapping system" -- by simply assigning your client account numbers to the map

numbers, your financial statements and notes are ready to go • Standard engagement and representation letters and materiality guidelines -- which you can

modify if you choose • Extended, modifiable financial-statement options, including current-year-only and comparative

figures shown

The standard templates do not include any of the ‘Improved Functionality’ items that are incorporated into the enhanced templates.

In the Standard Audit template all documents provided by the CICA are included on the document manager and need to be adjusted for each engagement. Many forms provided by the CICA are additional tools and not core documents. Refer to the C-PEM manual for guidance.

System Requirements – Standard Templates

To run the CaseWare®/CICA Standard templates, you require:

• Working Papers version 2011.00.081 or higher installed • Working Papers with SmartSync Users require version 2011.00.084 or higher installed



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• 1 GHz 32-bit (x86) or 64-bit (x64) processor, 2 GHz or higher recommended • Minimum 512 MB RAM, 1,024 MB RAM or higher recommended for improved performance • Hard disk:

o Minimum 25 MB for each open [6 MB closed] Audit client file o Minimum 12 MB for each open [3 MB closed] Review client file

Note:

• The size of the files will increase as content is added by the firm • Working Papers must be installed prior to installing Audit and Review/Compilation



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2 Enhanced Templates – New C-PEM Installations

2.1 Installation

The CaseWare®/CICA C-PEM Enhanced templates (Enhanced) currently do not support a network installation. The templates must be installed on each workstation where they are to be used. However, you can install to a network ONLY if you are operating in a thin client environment, such as Terminal Server or Citrix. Each template must be installed on each workstation where it is to be used.

Please make sure no other programs are running before you install the templates. In addition, disable any virus-checking software until you have finished the installation. Most virus-checking software interferes with the copying process done by the installation program.

Installing the Enhanced templates is a simple process. The installation program sets up all the necessary files, program groups, and icons to run the Enhanced templates.

There are two methods of installing the Enhanced templates. Select the method that is appropriate for your firm.

• Installing the Enhanced Templates “as is” - If your firm does not intend to customize the template, you should install from the CD.

• Installing the Enhanced Templates – “Firm customization” o Firm Authors – A firm can customize with firm specific content and repackage the

customized installation for distribution to users o End Users – A user installs the firm-customized templates created by the firm.

Notes for all installation methods:

• The installation process may take several minutes. • If you are using firm-customized templates, please refer to the section Installing the Enhanced

Firm-Customized Templates – End Users for installation instructions. • In situations where a reinstallation is necessary, ensure that any customized files that you wish to

retain are backed up prior to reinstalling. Reinstalling replaces all items in the current installed template including any customization made to the libraries.

2.1.1 Installing the CaseWare®/CICA Enhanced Templates ‘as is’

If your firm does not intend to customize the Enhanced templates, you should install them from the CD to all workstations. If you are using a firm-customized Audit, Review, or Compilation template, you should not install from the CD. Please refer to the section Installing the Enhanced Firm-Customized Templates – End Users for installation instructions.

1. Insert the CD into your CD-ROM drive. If the CD does not launch automatically, go to My Computer and double-click the icon for your CD-ROM drive to launch the CD manually.

2. From the screen select Install C-PEM 2011. 3. Select the Enhanced CaseWare®/CICA C-PEM options. 4. Click Install. The update process will commence. Follow the instructions on screen. There will

be separate installation screens for each option selected.



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Note: Unless otherwise directed by your firm’s IT team the files are installed to the following directory: C:\Program Files\CaseWare\Document Library\ and C:\Program Files\CaseWare\Library. If necessary, you can change the default paths.

5. A dialog will appear to indicate the successful completion of the template installation. Click the Close button to continue.

Note: The installation process may take several minutes.

After you install the templates, refer to the “What’s New in Audit 2011.00” section in the help for detail on functionality changes to the product. A detailed list of changes made by the CICA to their content is provided in the Appendix to this guide or can be found online in the CaseKnowledge article located on CaseWare International’s website.

2.1.2 Installing the CaseWare®/CICA Enhanced Templates – Firm Customization

A designated firm author can customize the Enhanced Templates with firm-specific content. The customized template can then be repackaged and deployed to staff to serve as the base template that they will use. If your firm has chosen to customize the Enhanced Templates and you are the firm author, you should install from the CD to your local workstation.


2. From the splash screen select Install C-PEM 2011. 3. Select the Enhanced CaseWare®/CICA C-PEM options. 4. Click Install. The update process will commence. Following instructions on screen. There will

be a separate installation screens for each option selected.

Note: Unless otherwise directed by your firm’s IT team, the files are installed to the following directory: C:\Program Files\CaseWare\Document Library\ and C:\Program Files\CaseWare\Library. If necessary, you can change the default paths.

5. A dialog will appear to indicate the successful completion of the template installation. Click the Close button to continue.


After you install the template, refer to the “What’s New in Audit 2011.00” section in the help for detail on functionality changes to the product. A detailed list of changes made by the CICA to their content is provided in the Appendix to this guide or can be found online in the CaseKnowledge article located on CaseWare International’s website.

In situations where a reinstallation is necessary, ensure that any customized files that you wish to retain are backed up prior to reinstalling. Reinstalling replaces all items in the current installed template including any customization made to the libraries.

Information on repackaging firm-customized templates as a .cwp file for distribution to end users can be found in the C-PEM help system.

Follow this process when creating a firm-customized template:

1. Review the content included in the master file. You may prefer to maintain the default content provided and not make any of your own changes. In that case, just distribute the original Audit, Review, and/or Compilation installation provided by CaseWare; there is no need to repackage.

http://www.caseware.com/support/caseknowledge/kb-467




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2. Customize any of the content in the Master file for your firm standards. Add all other firm documents (i.e. Planning, controls, wrap-up etc.) to the Document Manager in the appropriate folders.

3. Repackage the customized template. You can lock the customized procedures prior to distributing to the users. Upon repackaging the file you create is a .cwp file.

4. Distribute the repackaged installation (.cwp file) to your users. The user then installs and applies the firm-customized version of the template to the client files.

Important: The entire suite of C-PEM forms for audit resides within the document library. Therefore, we recommend you process your customization through this file.

In the Enhanced Audit C-PEM, an enhanced version of the risk and control forms are included. They are denoted by the letter "E" after the document number, for example, 403E Worksheet – Scoping – Identifying FSAs and underlying business processes (Enhanced). The regular forms without the automation can be found as 403. Only one of the two forms should be filled out, as they are the same forms in different degree of automation. We recommend using the enhanced versions of the risk forms to report risk from any document in Enhanced CaseWare®/CICA Audit.

Customizations to Review and Compilation are independent of those made to Audit and can be distributed independently.

2.1.3 Installing the Enhanced Firm-Customized Templates – End Users

If your firm has customized the template(s), you need to install the customized templates on your workstation.

1. Using Windows Explorer, locate the .cwp file distributed by your firm. Your firm should provide the location of this file.

2. Copy the file to your desktop and then double-click the file to open the Setup program. The on-screen instructions will guide you through the installation process.

3. Unless otherwise directed by your firm’s IT team, the files are installed to the following directory: C:\Program Files\CaseWare\Document Library\ and C:\Program Files\CaseWare\Library. If necessary, you can change the default paths.

4. Click Finish. The template installation will begin. A dialog will appear to indicate the successful completion of the template installation. Click the Close button to continue.


After you install the template, refer to the “What’s New in Audit 2011.00” section in the help for detail on functionality changes to the product. A detailed list of changes made by the CICA to their content is provided in the Appendix to this guide or can be found online in the CaseKnowledge article located on CaseWare International’s website.

2.2 Creating a Client File

The Enhanced templates can be integrated with your client data in the following way:

• Create a new file based on existing client data • Create a new file based on Enhanced templates (i.e., no existing client data at the time of

creation)

Note:

• If security is enabled for Audit or Review/Compilation, a message opens indicating that security is enabled. A Log In dialog will appear where you can enter your user name and password. You will be required to log in a second time once the creation of the new file is completed.




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• If Working Papers is open, you can select New on the File menu to launch the Create New File dialog

2.2.1 Creating a New Client File from Existing Client Data

A new file can be created from a client data source. Company details, accounts, journal entries, and other accounting data is imported from the specified data source and included in the new file.

1. Open CaseWare® Working Papers and select Create a new file from client data and click OK.

2. Bring in the trial balance by choosing one of three options:

o Client data file – based on an existing QuickBooks1 accounting file o Existing file – based on an existing Working Papers file o Other data source – based on another accounting package

3. Click Next. Choose the file whose trial balance data you wish to include in the new file. 4. Click Next. Enter a name for your client file and select the appropriate template file (Audit C-

PEM, Review C-PEM, or Compilation C-PEM) as the base file. 5. Click Finish. All components of the template are copied automatically to your new client file 6. After the copying is completed:

a. For engagement files based on the Audit C-PEM template, a Select Engagement Type dialog is displayed. Select the desired set of audit forms and the disclosure framework relevant to your engagement.

Note: Once you select an engagement type, all the relevant core documents for the engagement type (as defined by the CICA’s “List of core audit forms for the risk-based audit”) are included. Any extra documents that are not designated as core documents or the selected disclosure checklist are stored within the document library which you can add to the engagement as needed. Please refer to the section Getting supplemental documents for your file for directions on adding documents from the document library.

b. For engagement files based on the Review C-PEM template, you will be prompted to select the disclosure framework. Once selected, only the relevant disclosure checklist documents will remain in the engagement file.

7. Once all relevant documents have been included in the engagement file, the Engagement Properties dialog is displayed. Select the beginning and ending dates for your client’s fiscal year and click OK.

2.2.2 Creating a New Client File based on a Template

1. In CaseWare® Working Papers, select File | New, then select Create a new file and click OK.

2. Enter a name for your client file and select the appropriate template (Audit C-PEM, Review C-PEM, or Compilation C-PEM) file as the base file. All components of the selected template are copied automatically to your new client file.

3. After the copying is completed:

1 QuickBooksTM is a registered trademark of Intuit Inc



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a. For engagement files based on the Audit C-PEM template, a Select Engagement Type dialog is displayed. Select the desired set of audit forms and the disclosure framework relevant to your engagement.

Note: Once you select an engagement type, all the relevant core documents for the engagement type (as defined by the CICA’s “List of core audit forms for the risk-based audit”) are included. Any extra documents that are not designated as core documents or the selected disclosure checklist are stored within the document library which you can add to the engagement as needed. Please refer to the section Getting supplemental documents for your file for directions on adding documents from the document library.

b. For engagement files based on the Review C-PEM template, you will be prompted to select the disclosure framework. Once selected, only the relevant disclosure checklist documents will remain in the engagement file.

4. Once all relevant documents have been included in the engagement file, the Engagement Properties dialog is displayed. Select the beginning and ending dates for your client’s fiscal year and click OK.

2.3 Getting supplemental documents for your file

According to the CICA, “The C-PEM audit risk forms are designed to document the results of work performed in a systematic and consistent manner. These sample forms are designed to facilitate the detailed/general review and enable the information collected to be updated and reused (where possible) in subsequent years. The use of any C-PEM form is matter of professional judgment.”

The CICA has provided a list of standard forms which would be completed on most audit engagements. When creating a client file based on the Enhanced Audit template, a dialog prompts you to select the engagement type (Audit, Small Audit or Not For Profit) as defined by the CICA’s “List of core audit forms for the risk-based audit”.

The remainder of the forms and worksheets listed in the “Audit engagement file index” have been compiled into the C-PEM - Document Library which installs when you choose the Enhanced template. To include these additional documents in a client file you must:

1. In the client file select Insert | New Document | From Document Library. 2. Click on the Source drop down and select the appropriate C-PEM - Document Library. 3. Select the document(s) you wish to include in your client file and click Add.



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3 Standard Templates Standard template users must:

1. Install the Standard C-PEM templates. 2. Create new or update existing client files using the following approaches:

o Create a new client file based on existing client data – existing client file (refer to the section Creating a New Client File from Existing Client Data)

o Create new client files based on the updated templates -- new client file (refer to the section Creating a New Client File based on a Template)

3.1 Installing the CaseWare®/CICA Standard Templates

To install CaseWare®/CICA C-PEM templates, ensure that Working Papers version 2011.00.081 or higher is installed.


2. From the splash screen select Install C-PEM 2011 3. Select the CaseWare®/CICA Standard C-PEM options (if you do not wish to install the

Enhanced Template, it should be deselected). 4. Click Install. The update process will commence. Following instructions on screen. There will

be a separate installation screens for each option selected.

Note: One folder “C-PEM” will be created with the following two folders:

STDAUD Review

The standard templates will be located in these folders.



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4 Updating Existing C-PEM – Enhanced, no Firm Customization

4.1 Determine Your Existing C-PEM Installation Type

The C-PEM – 2011 Edition CD provides existing C-PEM users with 2 options for installation:

1. Install C-PEM 2011 (Enhanced templates without firm customization) 2. Update to C-PEM 2011 (Enhanced templates with firm-customization)

To determine if the Enhanced templates have been installed, check the following:

1. Open Working Papers. 2. Select Tools/Templates. 3. If you see any of the following templates listed in the Templates dialog then you have the

Enhanced templates installed:

o Audit C-PEM 01 o Audit C-PEM 01 NFP o Audit C-PEM 01 Small o Review C-PEM 01 o Compilation C-PEM 01

If you do not have the Enhanced templates installed then you are using the Standard templates and should follow the instructions for the Standard Templates. If you are using the Enhanced templates then you should determine within your firm whether customizations are present. If customizations are present then you must install using the instructions found in Update Process for Firm-Customized Enhanced C-PEM installations. Otherwise, users who have the Enhanced templates without firm customization can proceed with the instructions below.

4.2 Install C-PEM 2011

Follow the instructions below to update existing C-PEM installations of the the Enhanced templates without firm customization.

1. Insert the CD into your CD ROM. 2. From the screen select Install C-PEM 2011. 3. Select the products you want to install. 4. The update process will commence. Following instructions on screen. There will be a separate

installation screens for each option selected.

Note: The Enhanced template is selected by default for Audit. You can choose the Standard or Enhanced options of the templates, or both.

Upon completion of the installation, you will see up to 3 new templates depending on your selection:

• Audit C-PEM • Review C-PEM • Compilation C-PEM



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The C-PEM 2011 release has simplified the installation of the templates. You will only see one template installation for Audit, labeled Audit C-PEM. Previously the C-PEM 01 installed three separate templates for Audit:

• Audit C-PEM 01 • Audit C-PEM 01 NFP • Audit C-PEM 01 Small

The new Audit C-PEM incorporates the content for all three templates. Upon the creation of a new client file, users will be asked which engagement type they wish to create at which time the documents in their engagement file will be tailored for the engagement type selected.

Note: Going forward, the current version of the Enhanced template will always be labeled C-PEM.

The templates for C-PEM 01 will still appear as valid template selections. We recommend that once you have completed any files in progress, you delete these old templates from your template selections. This will ensure you are using the most up-to date templates.

To remove the C-PEM 01 templates:

1. From Working Papers 2011, select Tools | Templates. 2. Highlight the icons for Audit C-PEM01, Audit C-PEM NFP 01, Audit C-PEM 01 Small,

Compilation C-PEM01 and Review C-PEM01. 3. Click Uninstall.

4.3 Apply the update to existing C-PEM engagement client files

It is important that you following the update process below. The C-PEM 2011 update for the enhanced templates includes changes for both:

• functionality; and • content.

A detailed list of changes made by the CICA to their content is provided in the Appendix to this guide or can be found online in the CaseKnowledge article located on CaseWare International’s website.

Ensure that you have completed the procedure found in the section Install C-PEM 2011 on all machines that will be accessing the C-PEM engagement files.

Best Practice: If you are using the Smart Sync version of Working Papers the update should be performed on the Parent file after all sync copies have synced their changes to the Parent to optimize performance.

The update can be performed on a sync copy as long as it has received all changes from other sync copies.

Part A: Functionality Update

The following steps are to be performed in each client file:

1. Open an active client file in Working Papers 2011. 2. On the Document Manager, open the Update folder and double click the CWUpdate

document. 3. In the CWUpdate document click the Run Update button.

o This process will compare the client file to the C-PEM 2011 master template and update the client file accordingly to add new functionality.




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o Firms with Work programs/checklists options set with the Update strategy of “Update all existing procedures and add new procedures” will automatically update.

4. To close, click Close Update.

Note: The CICA has changed the date on all documents regardless of whether there has been any content change. The CaseWare update process will automatically update the date to C-PEM 2011 for all documents other than work programs and checklists where there has been no change other than the date. The date will not appear at the bottom of Work Programs and Checklists and users should use the Document Version report as outlined below.

Important: Users should not copy CICA forms over from C-PEM-01 to C-PEM 2011 files.

Part B: Other Documents/Letter Content/Work Programs and Checklist Updates

Documents are not automatically updated in existing client files. The changes made to the documents are outlined in the appendix to this guide Content Update.

To check for outdated documents/letters and work program and checklist procedures:

1. On the Document Manger locate and open the Document version report found in the Update folder.

2. Set the Compare with: Master Template 1 to the applicable template (e.g. Audit C-PEM). 3. From the Document menu select Generate. 4. The report will generate and show a list of all the documents on the document manager. Use

this report in combination with the Content Update included in the Appendix to determine if you wish to update any documents in your existing client files.

5. Work program and Checklist - On the far right of the report work programs and checklists will display procedures that are either:

o All up-to-date. o New procedures. o Update available.

a. Click the hyperlink on the work program and checklist that indicates either New Procedures or Update Available.

b. In the work program or checklist, select Check for Updates from the Document menu.

c. A list of new procedures will display which can be added now or later. Click OK to continue.

d. All procedures will either show a status of Up to date, or Update available. e. Select the procedures to update as necessary. f. Once complete, deselect Check for Updates from the Document menu. g. Repeat steps a through f for all work programs/checklists identified in the Document

version report. 6. If you have started work in any other document or letter that you wish to update:

a. Renumber the existing outdated document in the client file b. Add in the updated documents from C-PEM 2011 using the document library

functionality c. Transfer any data/customizations from the old version to the new version of the

document d. Delete outdated documents from the client file



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5 Updating Existing C-PEM – Enhanced with Firm Customization

This section provides update instructions for existing C-PEM Enhanced template installations that have been customized by a firm. If you are unsure if this applies to your installation, follow the instructions provided in Determining Your Existing C-PEM Installation Type.

5.1 Update Process for Firm-Customized Enhanced C-PEM installations

Once you have determined you are an Enhanced template with firm customizations user, it is important that you following the update process below. The C-PEM 2011 update for the enhanced templates includes changes for both:

• functionality; and • content.

A detailed list of changes made by the CICA to their content is provided in the Appendix to this guide or can be found online in the CaseKnowledge article located on CaseWare International’s website.

5.1.1 Ensure C-PEM 01 templates have been converted to Working Papers 2011

To upgrade your Enhanced templates to Working Papers 2011 perform the following:

1. From Working Papers 2011, select Tools | Templates. 2. Double click on the icon for the C-PEM-01 templates. 3. A message prompts you to convert data from the previous version of Working Papers. Click

Yes. The file opens once it has been converted. 4. Repeat this process until all master files have been converted.

Note: If your firm has performed firm customization in the C-PEM 01 enhanced templates, refer to Firm Customization – Additional Procedures for additional steps. The additional steps must be performed before you proceed any further.

5.1.2 Firm Customization - Additional procedures

If you have added firm customizations to the enhanced templates, there are additional steps that you need to perform to ensure your firm customization is maintained after the update process.

There are a number of steps you should complete prior to installing the update:

1. Ensure that firm-customized templates from C-PEM 01 have been converted to Working Papers 2011 prior to applying the C-PEM 2011 update as outlined above.

2. If the firm did not make their customizations in the document library, copy the customized documents into the document library prior to applying the C-PEM 2011 update. Open the Audit C-PEM 01 Document Library file in Working Papers and copy the customized documents into the file using the Copy Components option under the File menu. For more information about the Copy Components function, open the Copy Components dialog in Working Papers and click the Help button or press the F1 key.

3. If the firm has customized letters and other forms as listed in the content appendix they should ensure that they have a backup copy of these forms prior to applying the update. Any




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customizations to letters and other forms are not retained after the update. Ensure that you have retained a copy of these customizations.

4. The firm should review the newly created templates to determine if any firm customization is required:

a. Firm customizations made in the work programs and checklists in the C-PEM 01 Document Library are retained after the C-PEM 2011 update

b. Any customizations to letters and other forms listed in the Appendix are not retained after the update

If any firm modifications are required then you will need to create a repackage of your master file and provide your staff with the repackaged C-PEM update, rather than the C-PEM 2011 update included on the CD. Information on repackaging a template for distribution is available in the template help system.

5.1.3 Update to C-PEM 2011 (updates the master templates)

The C-PEM 2011 update must be installed on all workstations where the C-PEM 01 templates currently reside. If your firm has made firm modifications to your master file the staff should install the firm’s repackaged update (.cwp), rather than the update included on the CD. Information on repackaging a template is available in the template help system.

1. Insert the CD into your CD ROM. 2. From the screen select the Update to C-PEM 2011. 3. Select the products you want to update. 4. The update process will commence. Follow the instructions on screen. There will be separate

installation screens for each option selected.

Note: Updating the templates may take up 25 minutes for Audit, 10 minutes for Review and 5 minutes for Compilation.

5. Upon completion of the update, depending on your selection, you will see up to 3 new templates:

o Audit C-PEM o Review C-PEM o Compilation C-PEM

The C-PEM 2011 update process has simplified the installation of the templates. You will only see one template installation for Audit, labeled Audit C-PEM. Previously the C-PEM 01 installed three separate templates for Audit:

• Audit C-PEM 01 • Audit C-PEM 01 NFP • Audit C-PEM 01 Small

The new Audit C-PEM incorporates the content for all 3 templates. On creation of a new client file, users will be asked which engagement type they wish to create at which time the documents in their engagement file will be tailored for the engagement type selected.

Note: Going forward, the current version of the Enhanced template will always be labeled C-PEM.

The templates for C-PEM 01 will still appear as valid template selections. We recommend that once you have completed any files in progress, you delete these old templates from your template selections. This will ensure you are using the most up-to date templates.

To remove C-PEM 01 templates:



17

1. From Working Papers 2011, select Tools | Templates. 2. Highlight the icons for Audit C-PEM01, Audit C-PEM NFP 01, Audit C-PEM 01 Small,

Compilation C-PEM01 and Review C-PEM01. 3. Click Uninstall.

5.1.4 Apply the update to existing C-PEM engagement files

The following actions must be undertaken to ensure your client files contain the functionality enhancements provided by CaseWare. Following these steps will ensure that critical client data is retained in the file.

Ensure that you have completed the instructions found above in this section on all machines that will be accessing the C-PEM engagement files.

Best Practice: If you are using the Smart Sync version of Working Papers the update should be performed on the Parent file after all sync copies have synced their changes to the Parent to optimize performance.

The update can be performed on a sync copy as long as it has received all changes from other sync copies.

Part A: Functionality Update

The following steps are to be performed in each client file:

1. Open an active client file in Working Papers 2011. 2. On the Document Manager, open the Update folder and double click the CWUpdate

document. 3. In the CWUpdate document click the Run Update button.

o This process will compare the client file to the master template installed in Install the Update to C-PEM 2011 (updates the master templates) and update the client file accordingly to add new functionality.

o Firms with Work programs/checklists options set with the Update strategy of “Update all existing procedures and add new procedures” will automatically update.

4. To close, click Close Update.

Note: The CICA has changed the date on all documents regardless of whether there has been any content change. The CaseWare update process will automatically update the date to C-PEM 2011 for all documents other than work programs and checklists where there has been no change other than the date. The date will not appear at the bottom of Work Programs and Checklists and users should use the Document Version report as outlined below.

Important: Users should not copy CICA forms over from C-PEM-01 to C-PEM 2011 files.

Part B: Other Documents/Letter Content/Work Programs and Checklist Updates

Documents are not automatically updated in existing client files. The changes made to the documents are outlined in the appendix to this guide Content Update.

To check for outdated documents/letters and work program and checklist procedures:

1. On the Document Manger locate and open the Document version report found in the Update folder.

2. Set the Compare with: Master Template 1 to the applicable template (e.g. Audit C-PEM). 3. From the Document menu select Generate.



18

4. The report will generate and show a list of all the documents on the document manager. Use this report in combination with the Content Update included in the Appendix to determine if you wish to update any documents in your existing client files.

5. Work program and Checklist - On the far right of the report work programs and checklists will display procedures that are either:

o All up-to-date. o New procedures. o Update available.

a. Click the hyperlink on the work program and checklist that indicates either New Procedures or Update Available.

b. In the work program or checklist, select Check for Updates from the Document menu.

c. A list of new procedures will display which can be added now or later. Click OK to continue.

d. All procedures will either show a status of Up to date, or Update available. e. Select the procedures to update as necessary. f. Once complete, deselect Check for Updates from the Document menu. g. Repeat steps a through f for all work programs/checklists identified in the Document

version report. 6. If you have started work in any other document or letter that you wish to update:

a. Renumber the existing outdated document in the client file b. Add in the updated documents from C-PEM 2011 using the document library

functionality c. Transfer any data/customizations from the old version to the new version of the

document d. Delete outdated documents from the client file



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6 Getting Help 6.1 Troubleshooting - Did you encounter problems?

• Ensure that you have write privileges in the directories specified for the installation • Ensure that there is enough free disk space on the hard drive to meet the system requirements

listed in this guide • Refer to the Norton AntiVirus™ section below if you receive a message indicating a malicious

script being detected.

Norton AntiVirus™

If you are using Norton AntiVirus and running the Enhanced CaseWare®/CICA templates, you may receive a warning from Norton of a malicious script being detected. This warning tells users that a program running is creating documents on their system. Since this is how the Enhanced CaseWare®/CICA templates generate many of their files, Norton AntiVirus identifies the Enhanced CaseWare®/CICA templates as a potential problem. Within this message, the user is provided with 5 (five) options. The first time that the message appears, the user should select the final of the five options - "Authorize this Script" to tell Norton that the Enhanced CaseWare®/CICA templates is a trusted application. This prevents any future alerts when using the program. Note the activities by the FileSystemObject continue to be monitored, so any worms using this object will still be detected.2

6.2 Help

The CaseWare®/CICA Audit, Review, and Compilation templates come equipped with a complete Help system. Help can be accessed using the Help Button icon from the toolbar or using the Help button in dialogs.

6.2.1 Common Buttons

In the various documents, you can access commands quickly by clicking a button.

Show/Hide Guidance Button

Click this button to either show or hide guidance provided by your firm. If this button is selected to Show, the guidance displays below the related content.

Help Button

Click this button to open the help files specific to the current Audit document.

Risk Button (Only available in Audit)

Click this button to add risks to the client file.

Control Button (Only available in Audit)

Click this button to add controls to the client file.

2 2 Symantec, the Symantec Logo, Altiris, NetBackup, Norton, and Veritas are trademarks or registered trademarks of Symantec Corporation or its affiliates in the U.S. and

other countries. Other names may be trademarks of their respective owners.



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Document Manager Button

Click this button to take you to the Document Manager.

Drop-down List Control

Click the arrow to select an item from a predefined list.

In some circumstances, you can select Other in the list to display an input cell where you can type your own description.

Hand

When you pass your cursor over a link, this symbol appears. Click the link to drill down to another document.

RiskSpace (Only available in Audit)

This button will take you to the RiskSpace website. This free community website is populated with risks, controls and management letter points which can be copied into client files.

The right-click menu is available throughout the CaseWare®/CICA Enhanced templates. This menu provides quick access to available menu items for the area you are currently working in.

6.2.2 CaseWare QuickVids

CaseWare® QuickVids™ for Audit provide quick tutorials of the key functionality in Audit. Streamed in video format, the QuickVids will help you take advantage of the many powerful features in Audit.

Throughout the help, QuickVids topics are indicated by . To view the QuickVids, visit the Audit Help Centre on the CaseWare International website (www.caseware.com/support).

Remember to check back regularly as QuickVids are added to the CaseWare website.

Note: QuickVids have not been created yet for the Review and Compilation templates.

6.3 Technical Support

The CaseWare Support Network offers you a wide range of choices and access to high quality, responsive technical support.

Before contacting technical support, please consult the online Help and any other documents included with this package as your first source to solve a problem. Check the CaseWare website at http://www.caseware.com/support/working-papers/audit for the latest troubleshooting and technical information.

If you are unable to find the templates, you can receive information about obtaining CaseWare Technical Support by contacting CaseWare International.

6.3.1 What you need to tell us

When you contact technical support, you should be at your computer and have your documentation handy. Be prepared to provide the following information:

• Your Client number. • The product version number. • The type of computer hardware you are using.

http://www.caseware.com/support/working-papers/audit/#_quickvids

http://www.caseware.com/support/working-papers/audit

http://www.caseware.com/support/working-papers/audit



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• The Working Papers version number, found by clicking the Help menu and selecting About. • The software version number of MS-Windows. • The exact wording of any messages that appear on your screen. • A description of what happened and what you were doing when the problem occurred. • A description of how you tried to solve the problem.

6.3.2 Contact Us

Comments and suggestions about our software and this manual are appreciated. As a user of our products, you are in a unique position to provide ideas that have an impact on future releases of this and other products. You can contact our support teams in several ways to provide your comments. Contact information for CaseWare support for your country can be found on our web site at http://www.caseware.com/about-us/distributors.

http://www.caseware.com/about-us/distributors



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7 Appendix- Content Update Listing of C-PEM 2011 Document Changes

A summary of all modified documents changed is set out below. Note the changes to the documents are organized by engagement type and grouped by the type of change to the document (ie. New, Substantive changes, Updated, and Minimal Changes). It is the responsibility of the preparer to ensure documents are updated where required. All revised documents are located in the document library.

The CICA has included:

• Eight sample letters in this version. In the previous version of C-PEM sample engagement letters and representation letters were included which may require updating.

• A new presentation and disclosure checklist to address the Canadian accounting standards for private enterprises. In the previous version of C-PEM a disclosure checklist was included for pre-changeover GAAP. Only one disclosure checklist should be used in your client file and is dependent on the engagement’s year end and the transition date to the new standards.

• Other documents have been modified as outlined below.

7.1 Audit

Document# Document Name Comment Type CaseWare Document Type

1. New

(1) Documents 405C New engagement -

Acceptance New Small Audit Document New Checklist

410C Existing engagement - Continuance

New Small Audit document New Checklist

420C Materiality New Small Audit document New Other 435C Risk assessment procedures -

Planning & execution New Small Audit document New Checklist

445 Group audit planning New Audit document New Excel 680 Worksheet - ASPE

Supplementary audit procedures

New Audit document New Work program

(2) Letters Letter 6 Sample letter – Inquiry Letter

to Law Firm – No Claims or Possible Claims to be Listed

New letter

New Letter

Letter 7 Sample letter – Inquiry Letter to Law Firm – Claims or Possible Claims to be Listed

New letter New Letter

Document 407 / Letter 8

Sample letter – Audit – To a Predecessor Accounting Firm


Letter 10 Sample letter – Audit – Accounts Receivable Confirmation




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Letter 11 Sample letter – Communicating Significant Deficiencies in Internal Control


(3) Disclosure Checklist - ASPE ASPE READ ME - Instructions for

adding PDR documents in client files

New instructions for ASPE New PDF

ASPEREADME C-PEM ASPE Sample Forms New instructions for ASPE New PDF 905 FRF (Financial reporting

framework) - Accounting Standards for Private Enterprises - Read this first

New instructions for ASPE New PDF

906 New disclosure index for ASPE

New disclosure checklist content for ASPE

New Checklist index

906-1 – 913-10 Various New disclosure checklist content for ASPE

New Checklist

2. Substantive changes

(1) Documents 310 Checklist - Audit completion Added content Content Checklist 584 Worksheet - Summary of

control risk assessments Corrected errors Correction Other

585 Worksheet - Summary of inherent risk assessments

Corrected errors Correction Other

(2) Letters Document 415/ Letter 1

Sample letter – Audit engagement

Updated content, updated for ASPE, added paragraphs to conform with other letters, updated guidance

Content Letter

3. Updated

(1) Documents A000 List of cored audit forms for the

risk-based audit Updated list for additions/deletions

Update PDF

001C Condensed forms index Updated list for additions/deletions

Update PDF

435 Risk assessment procedures - Planning & execution

Updated wording and layout

Update Checklist

530, 530c Entity-level (pervasive) controls - Design/implementation

Document 532/532c has been combined with Document 530/530c. Document 532/532c has been removed

Update Other

540 Control design implementation – Blank

Existing document replaced by Excel. Replaced by CaseWare’s automated Control tracking reports.

New process Other

540c Control design/implementation Existing document New process Excel



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- Blank replaced by Excel. Can also use CaseWare’s automated Control tracking reports.

545, 545NFP Control design implementation - Revenues, receivables, receipts


New process Other

545C Control design implementation - Revenues, receivables, receipts

Existing document replaced by Excel. Can also use CaseWare’s automated Control tracking reports.

New process Excel

550, 550NFP Control design implementation - Purchases, payables, payments


New process Other

550C Control design implementation - Purchases, payables, payments


New process Excel

555 Control design implementation - Payroll


New process Other

555C Control design implementation - Payroll


New process Excel

560 Control design/implementation - Financial reporting


New process Other

560C Control design/implementation - Financial reporting


New process Excel

605 Worksheet - Overall responses Modified wording and document layout

Update Checklist

C.100 Accounts receivable, trade & other

Two sub procedures removed

Update Work program


Audit – Management Representation Letter - Sample

Updated content. Update Letter

4. Minimal Changes



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(1) Documents 1 C-PEM overview Updated Minimal PDF 001 NFP Not for profit audit forms Identification of document

to C-PEM 2011 Minimal PDF

100 Report transmittal Wording changes Minimal Other 335 Worksheet – Summary of

identified misstatements Wording changes Minimal Other

405 New engagement - Acceptance

Wording changes Minimal Checklist

410 Existing engagement - continuance

Wording changes Minimal Checklist

420 Materiality Wording changes and layout. Added area for trivial

Minimal Other

424 Engagement scoping / Summary of assessed risks

Minor wording change - document for reference only – if using CaseWare’s automated FSA do not need to use.

Minimal Excel

425, 425c Worksheet - Team planning discussions

Wording changes Minimal Other

430 Overall audit strategy Wording changes Minimal Other 430c Overall audit strategy Wording and layout

changes Minimal Other

450 Worksheet – Time budget Minor wording changes Minimal Other 451 Worksheet – Detailed budget Minor wording changes Minimal Other 510, 510nfp, 510cnfp

Identifying risks through understanding the entity

Minor change in document references

Minimal Other

510c Identifying risks through understanding the entity

Minor wording changes and layout change.

Minimal Other

520, 520c Risk assessment - Business/operating

Minor wording change - document for reference only – if using CaseWare’s automated Risk Tracking (520E) do not need to use.

Minimal Excel

522, 522c Risk assessment - Fraud Minor wording change - document for reference only – if using CaseWare’s automated Risk Tracking do not need to use

Minimal Excel

565 Worksheet Control Implementation Business process controls

Minor wording changes, one procedure removed

Minimal Checklist

575 Worksheet - Internal control deficiencies identified


Minimal Other

618 Worksheet – Tests of control – Entity level/general IT controls


Minimal Other

(2) Disclosure checklist – Pre-changeover GAAP



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958 READ ME - Instructions for adding PDR documents in client files

Identification of document to C-PEM 2011

Minimal PDF

959 FRF (Financial reporting framework) - Existing Canadian GAAP - Read this first


Minimal PDF

7.2 Review


1. New

(1) Documents 680. Worksheet – ASPE

Supplementary review procedures New document New Checklist


Sample letter – Review – To a predecessor accounting firm


(3) Disclosure Checklist - ASPE ASPEREADME C-PEM ASPE Sample Forms New instructions for

ASPE New PDF

905 FRF (Financial reporting framework) - Accounting Standards for Private Enterprises - Read this first

New instructions for ASPE

New PDF

906-1 – 913-10 Various New disclosure checklist content for ASPE

New Other

2. Substantive changes


Sample letter – Review engagement

Updated content, updated for ASPE, added content to conform with other letters, updated guidance

Content Letter

Document 350/ Letter 5

Sample letter - Management representation letter - Review

Updated and changed letter

Content Letter

3. Minimal Changes

(1) Documents 1 C-PEM overview Updated Minimal PDF 215 Worksheet - GST/HST

reconciliation Identification of document to C-PEM 2011

Minimal Excel

668 Worksheet – Contingencies, commitments, subsequent events

Minor wording changes Minimal Work program

L.105 Prepaid expenses and other assets – Review procedures

Removed one sub procedure

Minimal Work program



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U.105 Property, plant and equipment – Review procedures

Minor wording changes Minimal Work program

UU.105 Equity – Review procedures (partnership)

Removed note at top referring to financial instruments


UU.110 Equity – Review procedures (share capital)

Removed note at top referring to financial instruments


(1) Disclosure checklist – Pre-changeover GAAP 959 FRF (Financial reporting

framework) - Existing Canadian GAAP - Read this first


Minimal PDF

7.3 Compilation


1. Substantive Changes


Sample letter – Compilation engagement

Updated content, added content to conform with other letters

Content Letter

2. Minimal Changes

(1) Documents 1 C-PEM overview Updated Minimal PDF