What is available in Audit Assistant Templates?

Historical Financial Audits - current NZ standards

  • Tier 1 & 2 Audit (2016 updates) - for historical financial audits referencing International Auditing Standards. Includes testing pages for group audits, and audit reports for period ending 15 December 2016 from Tier 1 and 2 For Profit and Public Benefit Entities (reports by Bill Heritage of Tupiza Ltd).
  • SPFR for FPEs Audits (2016 updates) - for historical financial audits referencing International Auditing Standards. Includes testing pages for group audits, and audit reports for period ending 15 December 2016 for financial statements prepared in terms under generic special purpose policies or in accordance with the Special Purpose Framework for use by For-Profit Entities (SPFR for FPEs) published by CAANZ (reports by Bill Heritage of Tupiza Ltd).
  • SPFR for Non-Profits Audits (2016 updates) - for historical financial audits referencing International Auditing Standards. For non-profit entities not required to file with charities services. Includes audit reports for period ending 15 December 2016 for financial statements prepared in terms under generic special purpose policies (reports by Bill Heritage of Tupiza Ltd).
  • Tier 3 PBE Audit (2016 updates) - for historical financial audits referencing International Auditing Standards. Includes content and audit reports for period ending 15 December 2016 for Tier 3 Public Benefit Entities (reports by Bill Heritage of Tupiza Ltd).
  • Tier 3 PBE Audit (Groups - 2016 updates) - A template for historical financial audits to be completed in accordance with best audit practice referencing International Auditing Standards. Includes workpapers for audit of group entities. Includes content and audit reports for periods ending 15 December 2016 and subsequent for Tier 3 Public Benefit Entities (reports by Bill Heritage of Tupiza Ltd)
  • Tier 4 PBE Audit (2016 updates) - for historical financial audits referencing International Auditing Standards. Includes content and audit reports for period ended 15 December 2016 and subsequent for Tier 4 Public Benefit Entities (reports by Bill Heritage of Tupiza Ltd).
  • Historical Financial Audit - NZ Schools - for historical financial audits of New Zealand Schools in terms of the requirements of the Office of the Auditor General to be completed in accordance with best audit practice referencing International Auditing Standards (IPSAS).

Historical Financial Audits - international standards

  • Base Audit - for historical financial audits to be completed in accordance with best audit practice referencing International Auditing Standards. Base version suitable for SME single-entity jobs.
  • GPFS Audit - for historical financial audits to be completed in accordance with best audit practice referencing International Auditing Standards. Includes testing pages for group audits - recommended to be used in conjunction with applicable Thomson Reuter checklists - contact us for discount code.
  • IFRS Audit - for historical financial audits to be completed in accordance with best audit practice referencing International Auditing Standards. Includes testing pages for group audits - recommended to be used in conjunction with applicable Thomson Reuter checklists - contact us for discount code.

Compliance Audits - current NZ standards

  • Compliance Engagement - Real Estate Trust Account - for the audit of compliance in terms of the requirements of the the NZ Real Estate Act (2008) and Real Estate Agents (Licensing) Regulations 2009. Based on SAE 3100 (Compliance Engagements) and ISAE (NZ) 3000 (Assurance Engagements other than Audits or Reviews of Historical Financial Information).
  • Compliance Engagement - PTE Trust Audits - For use in the audit of compliance with terms of Private Training Establishment trust deeds. Based on SAE 3100 (Compliance Engagements) and ISAE (NZ) 3000 (Assurance Engagements other than Audits or Reviews of Historical Financial Information).
  • Compliance Engagement - Body Corp - For use in the audit of compliance in terms of the requirements of the the Unit Titles Act 2010 and Unit Titles Regulations 2011. Based on SAE 3100 (Compliance Engagements) and ISAE (NZ) 3000 (Assurance Engagements other than Audits or Reviews of Historical Financial Information).

Compliance Audits - Samoa

  • For use in the audit of compliance in terms of the requirements of the the Lawyers and Legal Practice Act (2014) - Samoan legislation. Based on SAE 3100 (Revised) and ISAE (NZ) 3000 (Revised).

Compliance Audits - international standards

  • Compliance Engagement - Base version - for the audit of compliance with terms of grants, trust deeds etc. Based on SAE 3100 (Compliance Engagements) and ISAE (NZ) 3000 (Assurance Engagements other than Audits or Reviews of Historical Financial Information). 

Review Engagements - international standards

  • Review - ISRE (NZ) 2400 - Based on standard: Review of Historical Financial Statements Performed by an Assurance Practitioner who is Not the Auditor of the Entity - suitable for all types of review client.

Review Engagements -current NZ standards

  • Review - ISRE (NZ) 2400 - Tier 3 PBE - standard review template modified specifically for Tier 3 PBE with checklists around requirements of PBE SFR - A (NFP): Public Benefit Entity Simple Format Reporting - Accrual (Not-For-Profit).
  • Review - ISRE (NZ) 2400 - Tier 4 PBE - standard review template modified specifically for Tier 4 PBE with checklists around requirements of PBE SFR - C (NFP): Public Benefit Entity Simple Format Reporting - Cash (Not-For-Profit).

Agreed Upon Procedures

  • Agreed Upon Procedures (annual and one-off options) For use in engagements in which the auditor agrees with the client to perform specific procedures with respect to financial information (may be adapted to cover engagements involving non-financial information) reporting on the factual findings resulting from those procedures that have been performed. Based on APS-1 issued by the NZ Society of Accountants.

AML/CFT Audit Tools

  • AML/CFT Audit - For use in the audit of compliance with requirements of Anti-Money Laundering and Countering Financing of Terrorism Act 2009. Based on SAE 3100 (Revised) and ISAE (NZ) 3000 (Revised). To be released June 2018


Non-audit and Financial Reporting Regime Tools and Checklists - NZ

  • PBE Simple Cash Format Reporting Tool - for accountants and third parties to create Performance Reports  that meet the requirements of the PBE SFR-C (NFP) - Public Benefit Entity Simple Format Reporting – Cash (NFP).
  • Financial Reporting Regime Testing Tool - Tool to test whether accounting regime selected by client is appropriate (in terms of NZ For Profit Entity 4 Tier system and Public Benefit Entity 4 Tier system). This content is now also included in the NZ specific audit and review templates.
  • SPFS for FPE Requirements Checklist - For testing disclosures required under "A Special Purpose Financial Reporting Framework for use by For-Profit Entities" (SPFR for FPEs) issued by the New Zealand Institute of Chartered Accountants - designed for use in New Zealand by Small and Medium Sized Entities. This content is now also included in the SPFR for FPEs Audits (2016 updates) template.
  • File Transfer Portal - to be used for the transfer of files between client and firm that is outside of the audit file. This may be set up for a specific client or group, or you may wish to set up just one for your firm as a temporary receptacle that is cleared out as soon as files are received or have been retrieved.

Customising and Platform Development

  • All of the templates above may be user customised and users may make their own custom templates - training and notes available on request.
  • We also provide a custom content development service - where a firm provides the content and we create an Audit Assistant template around that - the firm maintains the content IP
  • We are also open to collaboration with content developers who wish to utilise our platform - contact us.
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