What is available in Audit Assistant Templates?

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IFRS Audits 

  • NZ IFRS Audits - For Profit Entities (2019) - For audits of Tier 1 and 2 For Profit entities - includes 2019 IFRS checklists - referencing ISA(NZ)s.

Charities Audits 

  • NZ Large PBE Audits (2019) - For audits of Tier 1 and 2 Public Benefit entities - includes 2019 PBE checklists - referencing ISA(NZ)s.
  • Tier 3 PBE Audit (2016 updates) -For audits of Tier 3 Public Benefit Entities, including testing of Service Performance - referencing ISA(NZ)s.
  • Tier 3 PBE Audit (Groups - 2016 updates) -For audits of Tier 3 Public Benefit Entities, including testing of Service Performance and groups- referencing ISA(NZ)s.
  • Tier 4 PBE Audit (2016 updates) -For audits of Tier 4 Public Benefit Entities, including testing of Service Performance - referencing ISA(NZ)s.

Smaller For-Profit Audits

  • SPFR for FPEs Audits (2016 updates) -For audits of smaller for profit entities using generic special purpose policies or in accordance with the Special Purpose Framework for use by For-Profit Entities published by CAANZ - referencing ISA(NZ)s.

Audits of Associations, Clubs, Body-corps and Others

  • SPFR for NFPs Audits (2016 updates) -For audits of not-for-profit entities using special purpose policies such as incorporated societies, clubs, charities incorporated under Charitable Trusts Act 1957 - referencing ISA(NZ)s.
  • Body Corporate Audits - For audits of NZ Body Corp historical financial statements using generic special purpose policies or in accordance with the Special Purpose Framework for use by For-Profit Entities published by CAANZ - referencing ISA(NZ)s.

Schools Audits

  • NZ Schools (OAG) Audit -For audits of NZ Schools in terms of the requirements of the Office of the Auditor General to be completed in accordance with best audit practice referencing applicable PBE standards – referencing ISA(NZ)s.

Compliance Audits

  • Compliance Engagement - General - Compliance audit general template for testing compliance with terms of grants, trust deeds etc. - based on SAE 3100 (Revised) and ISAE (NZ) 3000 (Revised). 
  • Real Estate Agents - Trust Account Audit - Property Sales (2019) - For compliance audit of Property Sales Trust Account in terms of the requirements of the NZ Real Estate Act (2008) and Real Estate Agents (Licensing) Regulations 2009 - based on SAE 3100 (Revised) and ISAE (NZ) 3000 (Revised).
  • Real Estate Agents - Trust Account Audit - Property Management (2019) -For compliance audit of Property Management Trust Account in terms of the requirements of the NZ Real Estate Act (2008) and Real Estate Agents (Licensing) Regulations 2009 - based on SAE 3100 (Revised) and ISAE (NZ) 3000 (Revised).
  • Compliance Engagement - PTE Trust Audits -For compliance audit of Private Training Establishment in terms of trust deed - based on SAE 3100 (Revised) and ISAE (NZ) 3000 (Revised).
  • Compliance Engagement - Body Corporate Management Trust Account - For compliance audit of entities managing property body corporates testing compliance in terms of the Unit Titles Act 2010 and Unit Titles Regulations 2011- based on SAE 3100 (Revised) and ISAE (NZ) 3000 (Revised).
  • Compliance Engagement - Solicitors Trust Account (Samoa) -For compliance audit in terms of the requirements of the Samoan Lawyers and Legal Practice Act (2014) - based on SAE 3100 (Revised) and ISAE (NZ) 3000 (Revised).

Review Engagements

  • Review - General (with SSP) -For general review engagements where SSP is included – based on ISRE (NZ) 2400.
  • Review - General (without SSP)For general review engagements where SSP is not included – based on ISRE (NZ) 2400
  • Tier 3 PBE Review - For reviews of Tier 3 PBE jobs with checklists for requirements of PBE SFR - A (NFP) (may be adapted as necessary to reviews of other historical financial information) – based on ISRE (NZ) 2400.
  • Tier 4 PBE Review -For reviews of Tier 4 PBE jobs with checklists for requirements of PBE SFR - C (NFP) (may be adapted as necessary to reviews of other historical financial information) – based on ISRE (NZ) 2400.
  • SPFS for FPEs ReviewFor reviews of small and medium sized for-profit entities including checklists for "A Special Purpose Financial Reporting Framework for use by For-Profit Entities" (SPFR for FPEs) issued by CAANZ – based on ISRE (NZ) 2400.
  • Body Corporate Review - For review of Body Corporates financial statements (generic special purpose policies or in accordance with the Special Purpose Framework for use by For-Profit Entities (SPFR for FPEs) by CAANZ) in accordance with Unit Titles Act 2010 and the Unit Titles Regulations 2011 – based on ISRE (NZ) 2400.

Agreed Upon Procedures

  • Agreed Upon Procedures (annual and one-off options) -For use in engagements which involve the performance of procedures of an assurance nature from which no conclusion or opinion is expressed, and no assurance is provided to intended users - based on APS-1 (revised) issued by NZICA.

AML/CFT Audit

  • AML/CFT Limited Assurance Compliance Engagement - Limited assurance compliance engagement in accordance with requirements of the AML/CFT Act 2009. Based on SAE 3100 (Revised), ISAE (NZ) 3000 (Revised) and SAE 3150. Includes assurance reports as recommended by CAANZ.

Financial Reporting Checklists and other tools

  • SPFS for FPE Requirements Checklist (2018) - For use in NZ by small and medium sized for profit Entities - incorporating disclosures required under "A Special Purpose Financial Reporting Framework for use by For-Profit Entities" (SPFR for FPEs) by CAANZ.
  • NZ IFRS Requirements Checklist (2019) - For use in For Profit entities using Tier 1 and 2 - Incorporating disclosures required under New Zealand equivalents to International Financial Reporting Standards (NZ IFRS).
  • NZ PBE Requirements Checklist (2019) - For use in Public Benefit Entities under Tier 1 and 2 New Zealand Public Benefit Entities Standards (NZ PBE) - incorporating disclosures required under PBE standards.

Non-audit and Financial Reporting Regime Tools and Checklists

  • Tier 4 PBE Simple Format Reporting Tool -A template to assist clients with the preparation of Performance Reports for small Public Benefit Entities (expenditure under $125,000) Based on PBE SFR-C (NFP) and Charities Services suggested format - designed to be completed by client set up as "Limited User" by AA account owner.
  • Financial Reporting Regime Testing Tool -Tool to test whether accounting regime selected by client is appropriate (in terms of NZ For Profit Entity 2 Tier system and Public Benefit Entity 4 Tier system). This content is now also included in the NZ specific audit and review templates.
  • File Transfer Portal Used for the transfer of files between client and firm that is outside of the assurance file (may be set up for a specific client or group, or as a temporary receptacle that is cleared out as soon as files are received or have been retrieved).

Data collection tools - Accountants

  • Year End Business Client Data Collection - A questionnaire for collecting year end client data for businesses. 
  • Year End Farming Client Data CollectionA questionnaire for collecting year end client data for farming clients.
  • Year End Individual Client Data Collection - A questionnaire for collecting year end client data for individuals with salary, rental, investment and other income.

Customising and Platform Development

  • All of the templates above may be user customised - at a master or client level 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 also welcome collaboration with content developers - to utilise our platform for their own product - contact us.
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