Summary & Pricing License pricing for accounting firms for CaseWare Working Papers is $500 for a single-user license A license for up to five users is $ Additional users can be added to the five-user license for $

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Whether you are a small accounting firm or a global audit leader, CaseWare Audit gives you a powerful tool for managing your audit engagements When combined with CaseWare Working Papers, Audit creates a streamlined, effective and efficient solution for conducting assurance, analysis and reporting engagements

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CaseWare International Inc (CWI) is a company that sells software solutions for accounting, auditing, financial, risk and governance professionals CaseWare software is used in 130 countries and available in 16 languages

While there are many different types of working papers, three of the most common are interview summaries, worksheets, and reperformance documents Each of these working papers document a different type of audit evidence and test, but all should include some basic information

CaseWare Working Papers is highly flexible engagement software that provides you with everything you would expect from an assurance and reporting tool plus much, much more! Engagements are planned, performed and reviewed entirely on screen, completely eliminating paper

Importance of working papers Working papers are important because they: are necessary for audit quality control purposes provide assurance that the work delegated by the audit partner has been properly completed provide evidence that an effective audit has been carried out

Vouching is the soul of Auditing because it forms a base for an effective audit procedure Vouching means “to vouch” ie examine the vouchers Conversely, Verification alludes to a process, adopted by the auditor to examine the assets and liabilities

To verify the value of goodwill auditor has to examine the purchase agreement Auditor should find out from the purchase agreement that the amount of this asst is correct Good will usually appear in the balance sheet at cost There is no legal compulsion to write it

How to write a formal, draft, working paper

1. Read all the problem statement documents at least twice
2. Paraphrase the problems in your own words
3. Scan through the resource materials (books, articles, PowerPoint slides, class notes, newsgroups, etc)
4. Make a list of points that you would like to make

Quick Guide to Writing Effective Working Papers

• Bold or highlight important words and sentences
• Use Equations
• Copy chunks of raw data
• Mix Preambulatory and Operative
• Don’t write too much
• Use headlines
• Have a cheat sheet
• Give options where you can

Preambulatory clauses are historic justifications for action Use them to cite past resolutions, precedents and statements about the purpose of action Operative clauses are policies that the resolution is designed to create Use them to explain what the committee will do to address the issue

An essential part of every MSI working paper is the summary that prefaces each report This 300- to 400- word managerial essay should frame the managerial issue or business question, briefly describe the study approach and methodology, and highlight key findings and insights

What to include in the reference:

1. Author(s) (surname, initials) or organisation/institution
2. (Year of publication)
3. Title
4. Working paper series and/or number (if available)
5. Place of publication: Publisher (if available)

Work papers are the collection of documents assembled by an auditor while examining the financial records of a client Work papers provide the evidence upon which an auditor’s opinion regarding a client’s financial records is based

a document that puts forward some ideas or opinions that might form the basis of a discussion of a particular topic

Discussion is defined as talking or writing about something, especially in order to solve a problem or resolve a question An example of a discussion is when two or more people disagree and decide to sit down and talk out their different opinions This topic is not open to discussion

Structure and Writing Style

1. Do not be verbose or repetitive
2. Be concise and make your points clearly
3. Avoid using jargon
4. Follow a logical stream of thought
5. Use the present verb tense, especially for established facts; however, refer to specific works and references in the past tense

The discussion chapter is where you delve into the meaning, importance and relevance of your results It should focus on explaining and evaluating what you found, showing how it relates to your literature review and research questions, and making an argument in support of your overall conclusion