Important Changes

Renamed Terms

• Summary of misstatements → Summary of adjustments.
  Misstatements are now a type of Adjustment, together with
  Reclassifications and Eliminations. Hence, in the working
  papers' context menu, Misstatements have
  been renamed Adjustments.
• Timesheets tab in the main window has been renamed Work
  management

Adjustments

Change in the way adjustments are entered. One adjustment can now have
several journal entries. During update, adjustments are grouped by type
(misstatement, reclassification), state (posted or not), trial balance
and date of posting. A new adjustment is created for each of these
groups, and the records of this group are entered as journal entries. 

Offline Work

The current version allows for working in offline mode. Users can fetch
data from one or several engagements. They can work at the client's
place, without having a connection to the server. Once the users return
to the office or connects with the server in any way, they can return
the data they had worked on to the main database. The Offline
work functionality has a few limitations in this program
version.

Work Management

The Timesheets tab has been expanded to include new functionalities
and has been renamed Work management. The new modules are:

Tasks

A Task management module has been added, connected with the
engagement plans.

Events

An Event and meeting management module has been added.

Main Changes

Basic

Sending Emails

An email sending system has been introduced. It can be
accessed from different locations in the program such as Main window,
Working papers, Clients, Reports, etc. It is also possible to send
emails automatically, for example when a Task is changed. Some of the
functions are:

• Option to use several email addresses
• Option to schedule messages to be sent later or switching to an
  offline mode for automatically sent messages
• Using a server application for mailing that eliminated the need to
  set up an email address for each user
• Using message templates
• Attaching files
• Sending merged messages

Formatting

• Unification of the formatting of displaying number, date and time
  data type in the program. The operating system's settings are used
  by default.
• Option to set different format settings from those of the operating
  system

Method

Engagement Plan

The new program version supports method project plan. It consists of
numerous tasks, each of which can be set up along several relative
parameters:

• Assignee and Reviewer - the engagement's roles are used
  (Team leader, Manager, Partner)
• Start date and Due date - key dates from the engagement are
  used, such as Start date, Due date, Preliminary report date, etc.

When creating the project plan in the engagement, the relative
parameters are filled in with its data.

Some of the other options are:

• Setting an estimated duration of the execution given in hours
• Reference to a working paper or section
• Export and import of the project plan in the engagement's method

Engagement

Working Papers

• Option to send a working paper of the File or
  Questionnaire type via email
• Option to create a Task connected with a selected working paper
• When filling in the parameters in MS Excel file, cells that contain
  a formula are skipped

Sections

• The option to create a Task connected with a selected section

Tickmarks

• The option to attach files or refer to working papers
• Entering and editing of tickmarks is done in a dialog window

Checklist

The option to set access level to a specific checklist question of a
Checklist has been removed

Program

The option to set access level to a specific Program step has
been removed

Engagement Completion

• New option has been added - to restore the "Active" status of
  working papers (in subsequent engagement)
• When opening a subsequent engagement, if Control trial balance is
  used, it will be transferred as Previous TB. Otherwise, the Final TB
  will be transferred.

Team

There are two new levels of team hierarchy: Manager and Partner.
When a working paper is marked as ''Checked'', it becomes locked for
lower hierarchical levels. In descending order, the hierarchy is as
follows: Partner, Manager, Team leader, Team member

Engagement Plan

The new program version supports engagement plan. When starting, it is
not necessary to use the project plan of the method. Some of its
features are:

• Consists of tasks, each of which can be connected with a working
  paper or section
• Working papers can be opened from the plan
• When an Assignee is selected, they are automatically given
  access to the referenced working papers or sections
• Selection of Reviewer

Statement Analysis

• The Management assertions column in Statement of financial position
  analysis and Income statement analysis has been removed
• Addition of a button that allows users to mark all items as
  ''Material'' if their absolute value is greater than the overall
  materiality or the performance materiality
• When an item is marked as ''Material'', the program will
  automatically select the activity ''SP and CT'' unless the selected
  option is other than ''-''

Statements

Statement of Financial Position and Income Statement

• Changed the way Initial statement of financial position and Income
  statement are entered. Manual adjustments are automatically
  displayed in parent items, if such a dependency is set up.

Trial Balance Groups

• Option to consolidate trial balance, using posted eliminations

Other Changes

MS Office Modules for Work with Parameters

• Added option to generate a sample from a selected field or table.
  Supported sample types are Random and Monetary with fixed intervals.

Nomenclatures

Clients

• Added new fields: Short name, Data registration: City and Region

Organisation

• Added option to set value by default for using Control trial
  balancein engagement creation

Engagement

Engagement Creation Parameters

• Option to set the use of Control trial balance in the engagement

Trial Balance

• Visibility mode of Control trial balance depends on the accounting
  settings of the engagement
• Automatic compensation of closing balance of Adjusted and Final
  trial balance. Compensation is performed only in case a posted
  misstatement and reclassification are present
• Detailed data for posted reclassifications in Final trial balance

Summary of Adjustments

The Summary of Adjustments has been reworked and renamed in accordance
with the new manner of working with adjustments.

Common Reports

Timesheets

• Option to group the Timesheets report by clients
• Option to send reports to clients as group email reports
• Option to save reports in files by clients