© CCH Incorporated. A Wolters Kluwer business, USA 1997 to 2018 and CCH AUSTRALIA PTY LIMITED
. All Rights
Reserved. ProSystem is a trademark of CCH Incorporated and is used under licence by CCH Australia Pty Limited ABN 73
115 694 445.
This software, including all files and images incorporated in, or generated by, the software, and data accompanying the
software (collectively, the "Software") is owned by CCH Incorporated and its licensors. CCH Incorporated and its licensors
retain full and complete title to all intellectual property rights in the Software. You may access and use the Software only in
accordance with the terms of a current licence from CCH ProSystem Australia Pty Limited. If you do not have a copy of
these licence terms you can obtain a copy at www.cchsoftware.com.au.
This manual and the computer software it describes are designed to provide accurate and authoritative information in
regards to the subject matter covered. They are distributed with the understanding that the publisher is not engaged in
rendering legal, accounting or other professional service. If legal advice or other expert assistance is required, the services
of a competent professional should be sought.
“CCH
Engagement” is a trademark of CCH INCORPORATED.
Microsoft, Excel, Outlook, and Windows are either registered trademarks or trademarks of Microsoft Corporation in the
United States and/or other countries.
Adobe and Acrobat are either registered trademarks or trademarks of Adobe Systems Incorporated in the United States
and/or other countries.
All other brand, product, or company names are trademarks or registered trademarks of their respective owners.
CCH Engagement
2018 Audit
Workpapers
Install Guide
CCH Engagement: Knowledge Tools 2018 Audit Installation Instructions
Page | 2 CCH Software
Contents
Contents ..................................................................................................................................................................................... 2
Overview ..................................................................................................................................................................................... 2
What’s New ................................................................................................................................................................................. 2
Files Available for Download ........................................................................................................................................................ 2
Software Requirements ............................................................................................................................................................... 2
Recommendations ...................................................................................................................................................................... 2
Downloading Files from the Website ............................................................................................................................................. 3
Instructions to Download CCH Engagement 2018 Audit ....................................................................................................... 3
Content Update Instructions ........................................................................................................................................................ 4
Checklist ............................................................................................................................................................................ 4
Technical Support ....................................................................................................................................................................... 5
Appendix ..................................................................................................................................................................................... 6
Content Update Changes .................................................................................................................................................... 6
Overview
This document provides step-by-step instructions for installing CCH Engagement 2018 Audit Workpapers.
Please review Appendix; Content Update changes to determine whether or not you wish to perform this update.
What’s New
A change were made to the Knowledge Tools titles from the 2017 Dec17 Audit Workpapers release onwards. This change
consolidates previous titles (Review Engagements, Legal Practitioners’ Trust, and Dealing with Client Monies) into the Commercial
title. Binder templates will be made available for these Titles however roll-over content from prior years may be affected for these
existing titles. For content that would have previously rolled over for these titles we recommend a manual review and copy/paste.
• New Knowledge Tools Workpaper titles have been included as part of the 2018 Audit Workpapers release:
• 2018 Commercial
• New Binder Templates have been created for the 2018 Audit Release for CCH Engagement Version 7.5.
2018 AFS License
2018 Assurance
2018 Commercial
2018 Compliance
2018 Dealing with Client Monies
2018 Due Diligence
2018 Legal Practitioners Trust
2018 Review of Historical Information
2018 Review of Historical Financial Reports
• Please Refer to the appendix “Content Update Changes” for detailed changes
Files Available for Download
• CCH Engagement 2018 Audit.zip
Software Requirements
Knowledge Tools requires CCH Engagement Version 5.7.104.1032 and Microsoft Office 2007 or above.
Recommendations
Upgrade to the latest version of CCH Engagement 7.5 (Refer 7. 5 Installation Notes in the Documents folder on the installation
DVD). If you did not receive this upgrade, please contact our Technical Support on 1300 654 913, Select Option 3, or email
PfxAUSSupport@wolterskluwer.com. Support Hours are 8am to 6pm (AEDST).
To find the version of CCH Engagement, open CCH Engagement and Select
Help
then Select
about CCH Engagement.
The first 2
digits of the CCH Engagement Workpaper Management will indicate the version no.
CCH Engagement: Knowledge Tools 2018 Audit Installation Instructions
Page | 3 CCH Software
Downloading Files from the Website
Instructions to Download CCH Engagement 2018 Audit
Click on the link below:
http://www.wolterskluwer.cch.com.au/our-products/software-solutions/cch-engagement/audit (Copy this path to your
browser address field if the link is not active)
Download the File
and ‘
Save
’ the downloaded file to your local or network drive.
Unzip
the file and follow the instructions below to ensure the content is placed in the correct CCH Engagement folders.
Important Note:
As part of unzipping the file you will be required to enter a password. This password has been emailed to your firm as
part of the Product Release Notes. If you cannot locate this password please contact our Technical Support on 1300
654 913, Select Option 3 or email Technical support on PfxAUSSupport@wolterskluwer.com. Support Hours are 8am to
6pm (AEDST).
1. Double Click on CCH Engagement 2018 Audit.zip
2. Click on the Actions Tab
3. Select “Select All”
4. Click on the Actions Tab
5. Select “Extract”
6. Browse to your desired location
7. Select “Extract”
8. Enter the Security Password
If the zip file is unzipped successfully the following folder structure should appear
CCH Engagement: Knowledge Tools 2018 Audit Installation Instructions
Page | 4 CCH Software
Content Update Instructions
Checklist
6T6T
Step
6T6T
Task
6T6T
Completed
Review CCH Recommendation Prior to Update
Download File from the Portal and extract the file
1
Copy the folders to the “Knowledge Tools Templates” Directory
2
Copy Binders to the “Binder Templates” / “Audit” Directory – Version 7. 5 Only
3
Update Firm Binder Templates with new content
Step 1: Copy New Titles to the Knowledge Tools Template Folder
Note: You may already have 2016 and 2017 Content. Please leave the 2016 and 2017 Knowledge Tools Workpaper
Templates in the location until all binders have been rolled forward. As part of the roll-forward process a comparison
is made between the existing content in the binder and new content.
Note: Please ensure you copy the new Knowledge Tools Templates to each location the machines are using (i.e. server and
laptop). If you require access to the Knowledge Tools Template while you are in the field and do not have access to the server
location you may also need to copy the Workpaper Templates folder to a local location on the laptop.
• 2018 Commercial
Step 2: Update CCH Binder Templates – Instructions for Version 7.5 Only
CCH have provided standard Template Binders for CCH Engagement Version 7.5. If you wish to take advantage of these
Binders, you will need to copy the CCH Knowledge Tools Binder Templates to your Binder Template Folder. The available
Binders are as follows:
2018 AFS License
2018 Assurance
2018 Commercial
2018 Compliance
2018 Dealing with Client Monies
2018 Due Diligence
2018 Legal Practitioners Trust
2018 Review of Historical Information
2018 Review of Historical Financial Reports
Note: You may not wish to take advantage of the CCH binder templates, therefore ignore this step.
CCH Engagement: Knowledge Tools 2018 Audit Installation Instructions
Page | 5 CCH Software
Step 3: Create New Firm Templates to include the 2018 Workpapers
If you are sure your Binder Templates have all the correct roll forward options set to “
Replace in roll forward with the latest
Knowledge Tools Template”,
then simply Roll Forward the Binder and rename the Binder.
Note: if you do not rename the Binder at roll forward edit the Binder name in the Binder properties.
1. Open each firm Binder Template (where an update is required)
2. Review the Rollover Options in the Workpaper Properties
3. Close the Binder
4. Right Click on the Binder and select Roll Forward Binder
5. Select Next
6. Rename the Binder Name to the firm identifier of your choice
7. Select Next
8. Select Next (After the Binder has been created we recommend
changing the Year-End Date to for identification purposes only–
This is done by right-clicking on the binder, selecting
“Properties” and the “Period” Tab)
9. Select Next
10. Select Finish
11. Open the Binder and:
a. Insert any new Workpapers
b. Open each Knowledge Tools workpaper to ensure
the content has updated
12. Close the Binder then Right-Click and select “Save Binder as
Template”
13. Synchronise the new Template back to the Central File Room
14. Repeat above steps for all Firm binders
Technical Support
Please contact our Technical Support should you have any queries on 1300 654 913, Select Option 3, or
email
4TU4TUpfxsupport@cch.com.auUU4T4T. Support Hours are 8am to 6pm (AEDST).
CCH Engagement: Knowledge Tools 2018 Audit Installation Instructions
Page | 6 CCH Software
Appendix
Content Update Changes
Commercial
• Enhanced audit reporting — updated guidance arising from AUASB Auditor Reporting FAQs
(¶5-680
, ¶12-500 and ¶22-900). [May 2018]
• Risk management systems— updated for revision to APES 325 Risk Management for Firms
(¶6-930
). [May 2018]
• AGM questions for auditors — new section incorporating guidance from GS 010 Responding
to Questions at an Annual General Meeting and AUASB Bulletin (¶22-300). [May 2018]
• Concise financial reports — updated guidance(¶23-100, ¶23-110 and ¶23-130) including new
example audit reports (¶23-140) arising from revision of GS 010 Concise Financial Reports
Under the Corporations Act 2001 as a result of enhanced auditor reporting . [May 2018]
• Assurance engagements — updated guidance arising from revision of ASAE 3000 Assurance
Engagements Other than Audits or Reviews of Historical Financial Information as a result
NOCLAR changes to APES 110 Code of Ethics (¶90-100
, ¶90-300, ¶90-500 and ¶90-530).
[May 2018]
• Compliance engagements — updated guidance arising from revision of ASAE 3100
Compliance Engagements (¶92-100
, ¶92-150, ¶92-300, ¶92-350), revised working papers
(¶92-500, ¶92-520, and ¶92-530), new engagement letters (¶92-610, ¶92-620 and ¶92-630)
and new example audit reports (¶92-700, ¶92-710 and ¶92-720). [May 2018]
• AFSL audits — updated guidance arising from the Corporations Act changes and changes to
ASIC regulatory guides (¶95-000
, ¶96-100 and ¶96-600). [May 2018]
• Enhanced audit reporting — updated guidance on review reporting for AUASB Bulletin on the
impact on enhanced audit report formats on review engagements (¶64-040
) including an
example format (¶65-650). [October 2017]
• APES 110 Code of Ethics for Professional Accountants — updated guidance for revisions
to APES 110 (¶10-100
and ¶10-420). [October 2017]
• Non Compliance with Laws and Regulations (NOCLAR) — updated for new APES 110
NOCLAR section and revision to ASA 250 Consideration of Laws and Regulations in an Audit of
a Financial Report (¶5-600
and ¶61-100 ). [October 2017]
• Audit programs - updated for the impacts of changes in accounting standards (¶56-450 and
¶59-450
). [October 2017]
• Financial report disclosure checklists - updated for the accounting standards effective 1
January 2017 (¶24-100
and ¶24-110). [October 2017]
• Enhanced audit reporting — updated for additional guidance by ASA 2017-1 Amendments to
Australian Auditing Standards and AUASB Auditor Reporting FAQs (¶22-902 and ¶65-040).
