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Roll-Forward from Audit (Aus) to Audit (Aus) 2.0

We have recently discontinued the Audit (Aus), Audit (Int), Review (Aus) and Review (Int) templates. It will therefore be necessary to update to our new Audit (Aus) 2.0, Audit (Int) 2.0, Review (Int) 2.0 and Review (Aus) 2.0 versions. Please follow the steps in this article to facilitate this process, and ensure your data flows accurately.

From user experience, we have found the quickest method to be to start a new file and import the trial balance again (see below - New File). 

The alternative to this involves re-referencing the Lead Schedule and deleting spare folders (see below - New File + Advanced Options).

In either of these cases, you can copy any workpapers over from your old file via the Copy Workpapers from other files function in the Working Paper Index menu.

 

New File

  1. Export the Prior Year Trial Balance from last year's file as a csv, and re-import it to the brand new file Using the Custom CSV Trial Balance Import Wizard.
  2. Apply the General Audit Industry Accounting Structure by selecting: Tools > Industry Accounting Structure > General Audit. From here, please remap your trial balance by selecting the appropriate Lead Schedule references for each item.
  3. Once you have imported your Trial Balance and mapped your Accounting Structure, you are free to copy any workpapers across from your old files via the Copy Workpapers from other Files function.

 

New File + Advanced Options - Renaming the Lead Schedules

If you have started a new file but used Advanced Options to bring in the Prior Year trial balance, you will need to rename the Lead Schedules using the instructions below. Once completed, simply delete the spare folders.

Once the File has created, the old Lead Schedule references will roll forward into the new file. These Lead Schedules will now need to be referenced in the new template.

In Edit Accounting Structure you can edit the Lead Schedule references by using the table below.

Original LS Ref New LS Ref Folder to be put in
EB D3 D
EC D5 D
FB D4 D
FC E2 E
FD E3 E
FE E4 E
FG E6 E
FH R2 R
FJ E5 E
G1 F4 F
H1 G3 G
I1 H4 H
J1 I2 I
K1 J3 J
L1 O1 O
M1 K6 K
N1 K5 K
O1 K7 K
P1 L2 L
Q1 M2 M
R1 O2 O
S1 P6 P
T1 Q6 Q
U1 R3 R
V1 S4 S
W1 P7 P

 

 

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