Why use Caseware for Audit?

It’s up to date

• The audit template is updated every year to reflect changes to Australian Auditing Standards (ASAs).
• The software, CaseWare Working Papers, is continually enhanced to improve the auditor’s productivity.

It’s made in Australia

• The content for the audit template is written in Australia by CA qualified auditors.

It helps ensure Compliance

• Procedures reference the relevant ASAs.
• Guidance links to the Institute of Chartered Accountants in Australia Australian Auditing Manual.
• Tools are provided to help reviewers ascertain the progressive completion of the mandatory ASA requirements during the engagement.

It’s a purpose built tool

• CaseWare Working Papers is a purpose built audit and reporting package.
• Built-in features help users in their day-to-day use of software in an audit environment.
• Purpose-build features include:
  
  • Document manager
  • Integration with the trial balance
  • Adjusting journals
  • Tick marks, annotations and document referencing

It promotes consistent Auditing

• While customisation is possible, each audit file starts with a consistent set of documents and procedures.
• Firms can add additional programs, checklists and work papers to a document library for use in any file.
• Standard work papers are included for:
  
  • Risk Assessments
  • Sampling
    
  • Independence

It’s flexible

• The audit template is flexible at both the firm level (if you want to modify the template for all engagements) and at the individual engagement file level.
• The template is designed assuming professional judgement will be applied by the auditors. There are no software rules and impediments to the proper application of professional judgement.

It’s easy to use

• With a similar look and feel too familiar Microsoft products, it is user friendly.
• The software allows the user to import the trial balance rather than re-keying.

You can go paperless

• The document manager supports external documents such as Excel, Word, PDF and images.
• You can scan documents directly into the CaseWare file.
• CaseWare and external documents can be annotated and cross referenced.
• Inbuilt functionality allows for easy to use on-screen review points.

It has a large user base

• Thousands of users in hundreds of firms in Australia and New Zealand.
• Sole practitioners through to second-tier firms successfully use CaseWare for audit.
• We listen to feedback including regular meetings with a representative user group.

It’s well supported

• Task Technology aims to provide timely, support via phone, email and the online knowledge base.
• There are a range of training options to meet individual firm needs.
• Audit methodology consulting is available.

But it does require effort

• CaseWare cannot replace professional judgement.
• CaseWare is a tool that helps auditors conduct audits efficiently and also helps measure compliance with the standards. However, CaseWare will not conduct the audit engagement for you.
• Using the audit template does require effort, especially with initial set up of the template and engagement files.
• Engagement staff will require training.
• CaseWare needs to be implemented correctly which requires the input and support of senior audit partners and staff.
• Annual updates need to be reviewed and incorporated into existing files.