New templates, new audit reports and training options
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New templates now live

We are pleased to announce that we have now released templates that cover the new audit report requirements for most entities.

These include:

  • Tier 1 and 2 (2016 updates)- for both Public Benefit and For Profit entities - replaces our old IFRS and GPFS templates
  • Tier 3 PBE (2016 updates) - replaces our old Tier 3 PBE
  • Tier 4 PBE (2016 updates) - replaces our old Tier 4 PBE
These templates not only include new style audit reports but we have also updated the checklists and work-papers to match the changes made to many of the standards that the new style reports require. Users may swap out existing job types for the new ones, and additional steps and checklists to cover the new requirements will appear, but existing work will be retained. 

Bill Heritage from Tupiza Ltd has worked with us on creating the new reports, and these include some new options, like Bannerman clauses and reports for Tier 3 and 4 PBEs where the Statement of Service Performance has not been audited. See more here.

We have done basic testing on these new releases, but as you will appreciate there are so many permutations and combinations with the new audit reports that it is possible that the odd mistake may have slipped though. If you do find anything please let us know and we will check it out. 

Still to come, we will be replacing our current Base Audit with a template for "other" entities (predominantly what was Tier 3 and 4 for-profit entities), plus we will update the Tier 3 PBE groups template. We are also working with Bill on work-papers for the audit of Statement of Service Performance which we will add into the Tier 3 and 4 PBE jobs when complete.

Please contact our support desk if you have any questions at all on these.


School Audits

As those you who audit schools will be aware, the changes to audit reports have flowed over to school audit reports.

This has not required a new template, as all jobs currently being worked on will be 31 December 2016. So we have upgraded the audit reports to the new style as outlined by the OAG, and made any changes necessary to the current school audit template.

Training in Wellington

I will be in Wellington on 11th and 12th of April, and so if any firms would like to book in some training please let me know. 

Unfortunately with the brief window I have available I won't be able to go any further afield than just Wellington as I had hoped. However there will be time for perhaps a session for new users from different firms plus maybe to visit one or two firms for in-house sessions if required. Venue will depend on demand and requirements. I will be contacting firms in the area next week, however please feel free to contact us to register your interest.

Best regards,

Clive McKegg CA BCom

PO Box 1498, Whangarei 0140
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Audit Assistant Limited · PO Box 1498 · WHANGAREI, Northland 0140 · New Zealand

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