Methodology Update—TeamMate Update—Update to the Annual Audit Procedures Cabinets

Apr-2023

Target Audience: All attest auditors

Effective date: Immediately

Prepared by: Audit Services

Updates to the Annual Audit Procedures Cabinets

Given the anticipated transition to CaseWare, the TeamMate library cabinets were not updated as part of the Annual Methodology updates released in 2022. Instead, any new or updated procedures were stored in a PROxI folder (2079021) where they were shared with the practice. Since the transition to CaseWare has been stopped and the Office will continue using TeamMate at this time, library cabinets and your C drive have been updated. 

Key changes are:

• Removal of all CaseWare specific terminology in the procedure documents (Smart Lite) shared during the Methodology Update—September 2022 and Methodology Update—December 2022 via the PROxI folder 2079021.

• Revisions to procedures steps within TeamMate (procedures that are not linked to a procedure document) in order to align and update the wording. The details of these revisions are described below.

The TeamMate library Annual Audit Procedures and Annual Audit Procedures—Supplement cabinets have been updated for CaseWare free terminology and any other procedures included in the shared PROxI folder 2079021 last year. As such, all annual audit procedures included in the shared PROxI folder 2079021 will be removed.

Note: This TeamMate update does not include the IFRS and PSAS cabinets. Therefore, the revised IFRS and PSAS procedures shared during the Methodology Update—Fall 2022 Accounting Update continue to remain in PROxI folder 2079021.   

The following is a summary of all revisions to the TeamMate procedure steps (procedures that are not linked to a procedure document).

Annual Audit Procedures Cabinet

Action required: Ensure to use the most updated Annual Audit Cabinet for TeamMate files created post this announcement or files where no work has yet commenced.

Program (PRG)	Procedure Step	Change
A.1.PRG—Audit Mandate and Client Acceptance and Continuance	CPA Canada licence Agreement (Sep‑2022)	Copyright date changed from 2021 to 2022.
F.1.PRG—Scoping	Determine scope of IT Audit procedures (Sep‑2022)	Updated the wording to align with CAS 315 revisions.
G.2.PRG—Transaction Flow and Processes	Understand business process/FSLI and evaluate control activities (Feb‑2023)	Updated the wording to align with CAS 315 revisions. Added references to procedure documents now related to this step, including the revised procedure document shared in February 2023.

Annual Audit Procedures—Supplement Cabinet

Action required: Ensure to use the most updated Annual Audit Cabinet—Supplement Cabinet for TeamMate files created post this announcement or files where no work has yet commenced.

Program (PRG)	Procedure Step	Change
C.1.PRG—Quality Reviewer	Engagement Quality Reviewer—Planning sign‑off (Dec‑2022)	Updated the wording of TeamMate procedure steps to align with the CSQM revisions.
C.1.PRG—Quality Reviewer	Engagement Quality Reviewer—Completion sign‑off (Dec‑2022)
D.2.PRG—Service Organization	Obtain evidence regarding controls operated at service organization(s) (Oct‑2021)	Updated procedure step name to remove “relevant” in order to align with CAS 315 terminology. No new steps.

Questions: Contact AEA