Training
Quick training courses to help you get a full grasp of CaseWare and other supporting technologies
WHY SHOULD YOU ATTEND?
An intense three-day course that offers new & existing users a great overview of CaseWare Working Papers. From basic functionality, such as importing, lead sheets to using the new IFRS and IFRS for SME Templates.
Course Overview:
- Create new files with Financial Statements and audit programs;
- Import directly from a vast selection of accounting systems;
- Use CaseWare and CaseView to produce your Annual Financial Statements, and
- Simplify your engagement with the use of annotations, lead schedules and journal entries.
WHY SHOULD YOU ATTEND?
Knowing the fundamentals of CaseWare is essential. But in order become an advanced user and truly boost efficiency you need to be up-to-date with all the new time saving features in CaseWare.
The CaseWare Accelerator Course has been designed to take your CaseWare skills to a whole new level and maximise productivity. This course is essential for every existing CaseWare User.
Course Overview:
- Learn best practice solutions to converting CaseWare Working Papers Engagement files
- Learn tips and tricks to enhance the way you are working the Document Manager
- Start using the Automap feature in CaseWare
- Go paperless and review electronically
- Use the Super Insert feature to customise your Financial Statements
ALL THE TOOLS YOU NEED TO STREAMLINE YOUR PRACTICE AND BOOST EFFICIENCY – JUST LIKE HAVING YOUR OWN ONSITE CASEWARE CONSULTANT. This intense 5 day course, exclusively for audit firms, is designed to train and up-skill an individual to ensure the success of CaseWare in your business.
Course Overview:
- Customising the CaseWare Working Papers interface
- File protection
- Customising the Document Manager
- Customising Lead Sheets
- Using the Document Library for customised notes
- Formatting and configuring the Financial Statements ◦In Edit Mode and Design Mode
- Best practice for the rolling out of firm templates, includes packaging, testing, distributing and updating
- Training of CaseWare Users
- Consolidations
- Using Connector to automate Working Papers
- The Cash Flow Statement in detail
- Monitoring progress
Minimum Requirements:
- Have completed the CaseWare Fundamentals and Accelerator Courses or have extensive experience using the software
- Passionate about CaseWare and CaseView
- Have assumed the role of the CaseWare “go-to person” within the firm
- Responsible for driving efficiency in the firm
Efficiency drives profitability – this course is the best investment you can make for your firm!
* Please note that there needs to be a minimum of 4 delegates for the course to run.
WHY SHOULD YOU ATTEND?
The primary objective of this course is to ‘paint’ a clean picture of what the CaseWare Consolidation feature can accomplish, as well as to ensure that you are comfortable with ‘hands-on’ input of information concerning the foundation of the consolidation.
Course Overview:
- Set up a consolidation structure (including subsidiaries, branches and divisions etc);
- Work in a consolidation file;
- Pass consolidation journal entries;
- Use Foreign Exchange for multi-nationals;
- Create multi-level consolidations;
- Produce consolidated financial statements (including new 6-columns for IFRS);
- Roll forward consolidated CaseWare files.
WHY SHOULD YOU ATTEND?
This exciting new training course will ensure you maximize on the functionalities of the new BizSuite 2013, providing you with the necessary skills to generate monthly management reports faster and simpler than ever before. This course will cover basic and advanced functionalities like creating and customizing the management reports to suit your requirements.
Course Overview:
The course layout includes specific BizSuite related content as well as basic CaseWare Working Papers steps to complete the management account.
- BizSuite related topics includes:
- Importing a divisional trial balance that will create the divisional structure (consolidation) within CaseWare
- Editing and customizing the management reports for user preference: Inserting new lines and columns
- Changing the properties of existing lines and columns
- Inserting paragraphs
- Creating and linking new notes
- Inserting subtotals and underlines
- Inserting additional tables, etc. Tools for completing the management accounts
- Setting up predefined reports
WHY SHOULD YOU ATTEND?
Get your team up to speed with this one-day course covering our product updates, disclosure changes and getting ready for a seamless year end on CaseWare.
Course Overview:
- Restatement of financial statements
- In-year reporting
- Cash Flow worksheet
- What’s new in CaseWare 2014
- Useful tips and tricks
- Please note that this course is for Public Entities that report on IPSAS – Make sure you are booking for the correct course.
WHY SHOULD YOU ATTEND?
Get your team up to speed with this one-day course covering our product updates, disclosure changes and getting ready for a seamless year end on CaseWare.
Course Overview:
- Cash Flow worksheet
- Best practice for version updates
- Completing your Year End close
- What’s new in CaseWare 2014
- Useful tips and tricks
* Please note that this course is for Public Entities that report on IFRS – Make sure you are booking for the correct course
Intermediate Course
This Intermediate course is ideal for those who have completed the IDEA Introductory Training course or have a sound understanding of IDEA functionality. Participants learn more advanced topics, such as sampling techniques, extractions, and database connections.
After completing this training, participants will be able to:
- Expand their use of data analytics in Audit, Finance, and other industries.
- Apply basic data analytics techniques and best practises.
- Use data analytics consistently.
- Improve governance and controls, and reduce risk in their organization
Length: Two days
Prerequisites: Participants must have working knowledge of Microsoft® Windows® desktop environment and Microsoft® Office® applications. Familiarity with IDEA Introductory Training topics (see above). Completion of IDEA Introductory Training is recommended
This course provides coverage of advanced topics such as:
- Advanced Imports
- Advanced Extractions
- Advanced Sampling Techniques
- Connecting Multiple Databases
- Advanced Data Profiling
- Benford’s Law
- Case Study – Independent Study
- Case Study – Management Report
Advanced Course
This Advanced course provides functional users the opportunity to leverage IDEA’s full capabilities. Participants learn to automate tests and apply best practises to achieve greater efficiency in the workplace. This course consolidates previous learning with advanced case studies, delves deeper into custom functions and statistical methods, and features instruction on creating IDEAScript macros from IDEA’s Project Overview and History.
After completing this training, participants will be able to:
- Apply advanced data analytics techniques and best practises.
- Increase their productivity and apply advanced analytics to larger, more complex data sets.
- Automate tasks and workflows.
- Use IDEA with confidence and act as a resource for others in the workplace.
Length: One day
Prerequisite: Intermediate working knowledge of IDEA or completion of IDEA Intermediate Training
The course will cover such topics as:
- Advanced Tasks
- Introduction to IDEAScript
- Benford’s Law
- Advanced Field Manipulation
- Using Custom Functions
- Using Advanced Statistical Methods
- Advanced Case Study
IDEAScript Training
This course introduces experienced users to more advanced topics devoted to workflow automation with IDEAScript macros. IDEAScript, the IDEA programming language behind IDEAScript macros, is similar to and compatible with Visual Basic for Applications, the macro language used in Excel®, PowerPoint®, Word®, Access® and other Microsoft® Office® applications.
After completing this training, participants will be able to:
- Automate repetitive tasks such as importing files.
- Create special tests and functions.
- Control and leverage the functionality of other OLE-enabled software such as Microsoft® Excel®.
- Create smart data analytics systems with customizable dialog boxes, tags, and reports.
Length: Three days
Prerequisite: Working knowledge of IDEA advanced techniques or completion of IDEA Advanced Training.
The course will cover such topics as:
- Introducing IDEAScript
- Recording a Script
- Understanding IDEAScript Syntax
- Working with Scripts
- Customizing a Script
- Using the Language Browser
- Functions and Sub-Routines
- Array Handling
- Creating Dialog Boxes
- Creating Your Own IDEAScript Script
OVERVIEW:
This course explains how audits can be planned and performed effectively on Probe MMX, using the software to improve audit efficiency while maintaining audit quality. This course focuses on how to plan an audit, including assessing risk and how to obtain and document your understanding of the client’s business and controls. Delegates will also learn how to design tests of controls and tailor programs and checklists utilising the Probe MMX Audit approach.
COURSE OBJECTIVES:
- Engagement evaluation
- Engagement letter
- Discussion with those charged with governance
- Discussions with management, including fraud questionnaires
- Gathering information
- Types and volumes of transactions
- Overall materiality and performance materiality
- Risk analysis summary
- Inherent risk assessments
- Laws and regulation checklist
- Control risk assessments
- Fraud risk assessments
- Control activities design and implementation
- Risk assessment at assertion level
- Controls over significant risks
- Attribute sampling
- Substantive sampling
COURSE CONTENT:
After attending this course delegates will have a thorough understanding of the following:
- Identifying the overall risk in accepting the engagement
- Drafting an appropriate engagement letter for a new engagement
- Obtaining an understanding of the entity and its environment and documenting this information in the appropriate format
- Obtaining an understanding of the entity’s information system and control activities
- Evaluating and documenting the risk of material misstatement at an overall financial statement level
- Understanding the concept of desired audit risk
- Evaluating and documenting the risk of material misstatement at the account balance level by assertion
- Evaluating and documenting the risk of fraud
- Identifying and documenting the significant risks that could result in material misstatement
- Identifying and documenting the factors that affect planning materiality and performance materiality
- Calculating and documenting a justifiable level of planning and performance materiality
- Identifying and documenting appropriate tests of internal controls, significant risk responses, required procedures, extended analytical procedures, extended tests of detail and sampling.
Please note: This course is based on a practical case study
WHO SHOULD ATTEND?
Anyone who will be involved in the planning of the audit and who needs an in-depth knowledge of the planning process on Probe MMX.
SPECIAL ARRANGEMENTS:
Delegates must bring their own computers with CaseWare 2014 Working Papers and Probe MMX 2014-00-01already loaded. All software must be fully licensed. All other material and stationery will be provided.
PREREQUISITES: None
DURATION: 2 Days
OVERVIEW:
This course will cover the tasks needed to complete an audit assignment.
COURSE OBJECTIVES:
The completion stage of the audit is of crucial importance. It is during the completion stage that the auditor reviews the evidence obtained during the audit together with the final version of the financial statements, with the objective of forming the auditor’s opinion. This course covers some of the key requirements that are relevant at the completion stage. The practical implications of these requirements are explained by way of a simulated case study.
COURSE CONTENT:
- Related parties
- Litigation and claims
- Going concern
- Subordination agreements
- Subsequent events
- Overall analytical review
- External confirmations
- Evaluations of misstatements
- Communicating deficiencies in internal controls
- Written representations
- Audit opinions
- Reviewing
- Reportable irregularities
WHO SHOULD ATTEND?
Anyone who will be responsible for the finalisation stage of the audit.
SPECIAL ARRANGEMENTS:
Delegates must bring their own computers with CaseWare 2014 Working Papers and Probe MMX already loaded. All software must be fully licensed. All other material and stationery will be provided.
PREREQUISITES: None
DURATION: 1 Day
OVERVIEW:
The aim of this auditing simulation is to prepare trainees for the real-world auditing environment.
COURSE OBJECTIVES:
This simulated audit workshop will familiarise junior trainee accountants with the Probe MMX audit approach on CaseWare, at the same time teaching them how to compile an electronic audit working paper file. Delegates are provided the opportunity to conduct an audit from beginning to end and will learn to understand risks and their impact on auditing, as well as understand how to identify, evaluate and document internal controls. After completing the workshop delegates will be able to complete smaller audit engagements on their own with limited assistance using Probe MMX, CaseWare, Word, Excel and assist on bigger engagements with a high level understanding of the overall audit plan. Inclusive of the course, the trainees will learn how to approach clients, how to work as a team, an element of assertiveness, time management, etc. The course includes continuous formative assessments of attendees understanding, as well as videos, role-plays and constant challenges. CaseWare and Probe MMX will be used during the simulation for the preparation of working papers.
COURSE CONTENT:
Day 1
- Introduction to the fundamental principles of auditing
- Working paper preparation and best practices
- Cross-referencing and indexing of working papers
- Preparing for the interview with the client
- Interviewing the client and discerning relevant information to document knowledge of the business
- Determining performance materiality
- Auditing property, plant and equipment and investment property
Day 2
- Auditing investments
- Auditing the revenue cycle
- Auditing trade and other receivables
Day 3
- Auditing trade and other payables
- Auditing provisions
Day 4
- Auditing inventories (focusing on the stock counts) and cost of sales
- Auditing cash and cash equivalents.
Day 5
- Auditing long-term liabilities (Including installment sale agreements and bonds)
- Auditing the income statement (analytical review)
- VAT reconciliation
- Finalisation and summary of course.
WHO SHOULD ATTEND?
First year trainee accountants who already have:
- Bsc/HND in accountancy or similar degree and
- Basic Microsoft Word, Excel and Windows skills.
SPECIAL ARRANGEMENTS:
Delegates must bring their own computers with CaseWare 2014 Working Papers and Probe MMX 2014 already loaded. All software must be fully licensed. All other material and stationery will be provided.
PREREQUISITES: None
DURATION: 5 Days
OVERVIEW:
This course is important to partners and managers of firms that uses the Probe MMX Audit methodology
COURSE OBJECTIVES:
This course demonstrates the underlying concept of each critical audit area. Understanding these concepts will assist in the proper planning and execution of the audit. It also helps with the critical re evaluation of your current engagements.
COURSE CONTENT:
After attending this course partners and managers will have a thorough understanding of the following:
- Clarity auditing standards
- Planning the audit in an efficient manner
- Pre-engagement planning
- Risk assessment procedures
- The audit plan
- Conducting the audit
- Use of audit programs
- Audit sampling
- Finalising the audit
- Manager/partner review of audit files.
All the above concepts will be based on the Probe MMX methodology and documents.
________________________________________
WHO SHOULD ATTEND?
Managers and Partners
SPECIAL ARRANGEMENTS:
Delegates must bring their own computers with CaseWare 2014 Working Papers and Probe MMX already loaded. All software must be fully licensed. All other material and stationery will be provided.
PREREQUISITES: None
OVERVIEW:
This course is intended to give auditors a good initial understanding of the Probe MMX methodology as well as the International Standards on Auditing. In particular it will cover:
- All the requirements contained in the International Standards on Auditing
- The Probe MMX audit methodology
COURSE OBJECTIVES:
The main focus of this course is the planning and finalisation of the audit, ensuring that delegates understand all the considerations affecting the audit plan and that they get the opportunity to plan an audit thoroughly through a practical case study. The course also covers other important aspects such as sampling, materiality, risk assessments, the proper utilisation of audit programmes and finalising the audit.Understanding where the ISA’s are applied in Probe MMX is an important part of everyday practice, which is dually noted throughout this course.
COURSE CONTENT:
Day 1
- Introduction to the fundamental principles contained in the auditing standards
- Firm settings
- Engagement evaluation
- Engagement letter
- Discussion with those charged with governance
- Discussions with management
- Gathering information
- Types and volumes of transactions
- Preliminary analytical review
- Overall materiality and performance materiality
- Risk analysis summary
- Inherent risk assessments
- Laws and regulation checklist
Day 2
- Control risk assessments
- Fraud risk assessments
- Control activities design and implementation
- Risk assessment at assertion level
- Controls over significant risks
- Substantive sampling
- Attribute sampling
- Audit program design
- Subsequent events
- Going concern
- Evaluation of misstatements
- Reporting deficiencies and significant deficiencies to management
- Management representations
- Consideration of audit report
- Discussions with client
WHO SHOULD ATTEND?
The course should be attended by all audit firms who will be adopting the new Probe MMX for the first time, or any other person who has never worked on Probe MMX before.
SPECIAL ARRANGEMENTS:
Delegates must bring their own computers with CaseWare 2014 Working Papers and Probe MMX already loaded. All software must be fully licensed. All other material and stationery will be provided.