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Posted by on in Jazzit Updates

Jazzit with Java

May 18, 2023 - 11:00 am MDT

Thank you for dropping by for a virtual cup of java with us. If you were unable to attend our online “Jazzit with Java”, we have made the video and slides available online at the links below.

 

Items we discussed in this webinar:

  1. The Good Stuff
    • More goodies in the Jazzit Toolbox
    • Adding hyphens to your financial statements (i.e. long-term)
    • Resetting/retaining heading and section formats in your financial statements
    • How does group clean-up work in PPE working paper
    • Financial information vs Compiled financial information

  2. What's Fresh
    • Recent changes to PEG Audit checklists CAS 315
    • Updates to PACT
    • New tools to update Fundamentals
    • Switching between % and $/unit in the income statement
    • Financial statement maintenance button
    • Contact information section added to the year-end checklist
    • Updated default share capital note
    • New support site and updates to online documentation

  3. Announcements
    • Caseware acquires Jazzit

  4. We answer your questions
Posted by on in Jazzit Updates

b2ap3_thumbnail_jazzit-caseware-made-easy.png     PEG AUDIT FRF UPDATE

March 31, 2023

The Jazzit financial reporting framework (FRF) checklists have been updated for the 2023 spring CPA Canada revisions. These modules are dated March 31, 2023 in your Audit checklist Resource Centre.

You must have CaseWare Working papers 2022 or higher installed if you wish to update the PEG Audit Resource Centre and Master file.


Enhancements:

FRF973 - WORKSHEET FRF – COMBINATIONS BY NOT-FOR-PROFIT ORGANIZATIONS

  • A new FRF checklist has been added to the financial reporting frameworks folder.

  

520 - RISK REGISTER - IDENTIFYING AND ASSESSING RISKS OF MATERIAL MISSTATEMENT

  • Increased the maximum number of Part B identified RMMs from 50 to 100.

  

550 - UNDERSTANDING CONTROL ACTIVITIES

  • Updated the insert risk menu to support linking to up to 100 identified RMMs from Form 520 Part B.

  

590 - WORKSHEET FRF – COMBINATIONS BY NOT-FOR-PROFIT ORGANIZATIONS

  • Updated the insert risk menu to support linking to up to 100 identified RMMs from Form 520 Part B.
    The 590 now displays the Relevant FS Risk Assertion recorded in the 520.

  

A-Z CHECKLISTS - AUDIT ENGAGEMENT PROCEDURES

  • These checklists now display the description of the assessed risk in Part 2, no longer only the risk reference.

  

A-Z CHECKLISTS - AUDIT ENGAGEMENT PROCEDURES

  • In the Resource Centre copies of these checklists, the Y/N column in the Presentation area of Part 3 now includes a link to “Part 2 A – Presentation: General procedures”.

 


 

Revisions and Corrections:

501 - ENGAGEMENT SCOPING - CLASSES OF TRANSACTIONS, ACCOUNT BALANCES AND DISCLOSURES

  • Resolved an issue with a sort range in the Liabilities table.

 

511 - UNDERSTANDING THE IT ENVIRONMENT

  • Corrected issue presenting additional questions in Part B when Relevance set to “No”.

 

A.100 - CASH — AUDIT PROCEDURES

  • Resolved an issue causing incorrect Assertions being applied in the Presentation column.

 

436 - TEAM PLANNING DISCUSSIONS

  • Corrected duplicate wording in the Team Reminders section (Part B).

 

655 - WORKSHEET — FINAL ANALYTICAL PROCEDURES

  • Resolved issue preventing overrides being removed and a diagnostics issue.

 


 

CLICK HERE
to download the PDF of these updates

 

Posted by on in Jazzit Updates

b2ap3_thumbnail_jazzit-caseware-made-easy.png     PEG REVIEW FRF UPDATE

March 31, 2023

The Jazzit financial reporting framework (FRF) checklists have been updated for the 2023 spring CPA Canada revisions. These modules are dated March 31, 2023, in your Review checklist Resource Centre.

You must have CaseWare Working papers 2022 or higher installed if you wish to update the PEG Compilation / Review Resource Centre and Master file.


Enhancements:

FRF973 - WORKSHEET FRF – COMBINATIONS BY NOT-FOR-PROFIT ORGANIZATIONS

  • A new FRF checklist has been added to the financial reporting frameworks folder.

  

  


 

CLICK HERE
to download the PDF of these updates

 

Posted by on in Jazzit Updates

b2ap3_thumbnail_jazzit-caseware-made-easy.png     PACT UPDATE

March 27, 2023

If you are installing Jazzit PACT or need help using the templates please refer to our online documentation.

The modules listed below are dated March 27, 2023 in your PACT Compilation Resource Centre PTUPDATE RC update control.

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

You must have CaseWare Working papers 2022 or higher installed if you wish to update from the Resource Centre update control in PACT Compilation KLIB.

CLICK HERE
for instructions on updating Jazzit PACT
 

Revisions:

PTST2 - CORPORATE TAX CHECKLIST (T2)

  • Contents and links updated for the 2022 T2 tax year.

 

TSTL3 - STANDARD TRANSMITTAL LETTER (T2 EFile)

  • Contents updated for the 2022 T2 tax year.

 


 

CLICK HERE
to download the PDF of these updates

 

Posted by on in Jazzit Updates

b2ap3_thumbnail_jazzit-caseware-made-easy.png     PACT UPDATE

March 6, 2023