The modules have been dated November 24, 2023, in your Resource Centre JZUPDATE RC update control.

Remember that Jazzit Fundamentals updates are cumulative. Updating to this release will include all revisions made to the templates.

You must have CaseWare Working papers 2023 installed if you wish to update from the Resource Centre update control in KLIB and FRMLIB. 

The Jazzit PEG Audit checklists have been updated for the 2023 CAS 600 revision. These modules are dated December 8, 2023 in your Audit checklist Resource Centre.

You must have CaseWare Working papers 2023 installed if you wish to update the PEG Audit Resource Centre and Master file.

NEW DOCUMENTS ADDED - THE FOLLOWING NEW DOCUMENTS HAVE BEEN ADDED FOR THIS REVISION

The following documents have been added to the PEG Audit Templates.

• JZLCA1-JZLCA5 - Group audit - Letter to a component auditor.
• 300.600 - Group audit - Concluding and reporting.
• 335.600 - Group audit - Component performance materiality revisions.
• 400.600 - Group audit – Planning.
• 410.600 - Group audit - Terms of engagement.
• 415.600 - Group audit - Using component auditors.
• 510.600 – Group audit - Identifying risk through understanding the group.
• 511.600 – Group audit - Understanding the group IT environment.
• 535.600 – Group audit - Understanding the group information system and communication.
• 590.600 – Group audit - Engagement scoping.
• 600.600 – Group audit - Evaluating component auditors and their work.
• 650.600 – Group audit - Subsequent events.

NEW FUNCTION ADDED - GROUP AUDIT SWITCH

A global switch has been added to the PEG Audit Control (JZPCKEYA) and the engagement report options in the Jazzit financial statements. This switch will enable group audit wording and options in relevant letters and checklists. Additionally, documents with a supplementary, incremental or replacement document in CAS 600 now display a “Group Audit: On/Off” cell in the Freeze Frame at the top of the document. Double-clicking this cell will open the control document, allowing it to be turned on or off. The following documents have been revised to contain this function in the Freeze Frame:

• 420 – Materiality
• 510 – Identifying risks through understanding the entity
• 511 – Understanding the IT environment
• 535 – Understanding the information system and communication
• 590 – Engagement scoping – Group Audit
• 650 – Subsequent events

JZCADTUP & JZPCKEYA - RESOURCE CENTRE UPDATE CONTROL AND PEG AUDIT CONTROL DOCUMENTS

• The new documents listed above were added to the document list.

JZAFL & JZAPL - AUDIT FINDINGS LETTER AND AUDIT PLANNING LETTER

• Modified to accommodate group audit wording for CAS 600.

MAP & 001 - THE PEG 12-STEP AUDIT APPROACH AND AUDIT FILE INDEX – [SAMPLE]

• Modified to include group audit content for CAS 600.

410 - NEW OR EXISTING ENGAGEMENT – ACCEPTANCE/CONTINUANCE

• Modified to include group audit content for CAS 600. Refer to CPA Canada’s FAQ for Auditors for more information.

420 - MATERIALITY

• Modified to include group audit content for CAS 600, including component materialities. Ensure that Group Audit is enabled in the PEG Audit Control (JZPCKEYA) or the engagement report options in the Jazzit financial statements.

May 18, 2023 - 11:00 am MDT

     PEG AUDIT FRF UPDATE

     PEG REVIEW FRF UPDATE

April 3, 2023

Dear Jazzit Clients:

Today, Caseware International, a global leader in cloud-enabled audit, financial reporting and data analytics solutions, announced the acquisition of Jazzit. This strategic move is part of Caseware’s commitment to expanding its offerings and better serving its customers.

For over 20 years, Jazzit has developed accounting templates leveraging Caseware’s software, and we believe that together we will further enhance the experience for our joint customers.

We look forward to further working with Caseware to develop Jazzit’s product and service offerings and continue building trusted relationships with our valued clients.

As we considered the future of Jazzit and ensuring that our customers and employees would be well taken care of, Caseware was an obvious choice to fulfill our objectives and further create meaningful value for our customers throughout Canada. We could not be more excited about our future together.

What does this mean for our customers?
We are proud of our strong market presence and customer relationships, and we will continue providing you with outstanding, innovative, business-critical solutions.

As a valued Jazzit customer, you should not experience any change or interruption from a product, support or sales perspective. While the Jazzit company brand will be transitioned to Caseware, the templates will continue to be sold under the Jazzit brand. Caseware will continue to support the Jazzit products for the foreseeable future, including support for any required updates driven by changes in standards.

If you have any questions or concerns, please contact us at 403-670-7385 or sales@jazzit.com.

Thank you for your continued business.

Kind regards,

     PACT UPDATE

     PACT UPDATE

     PEG REVIEW UPDATE

Jazzit Checklists for our PEG Audit package have been updated for CAS 315 and are available for download.

     PACT UPDATE