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Knowledge Coach User Guide - Support

1. Chapter 7 Tips Pane 36 TAILORING YOUR WORKPAPERS This section explains the various methods of tailoring your workpapers in Knowledge Coach including tailoring questions audit areas and changing your answers Tailoring Questions When you answer certain questions in a Knowledge Coach workpaper in Microsoft Word the contents of your workpapers dynamically change based on your answers to display only the information pertinent to your audit These tailoring questions are meant to mimic the thought process that an experienced practitioner would ask themselves as they document their audit procedures The tailoring questions are located in various workpapers The main areas where you ll see tailoring questions are AUD 100 Overall Tailoring Questions AUD 800 Series Audit Programs The location and content of tailoring questions may vary by industry title You use answer selection boxes or floaties to answer tailoring questions For more details see Answer Selection Boxes Floaties on page 26 To see what will happen when you answer a tailoring question a certain way use the Answer Effects function from the Knowledge Coach ribbon For more information see Answer Effects on page 32 Audit Areas An important tailoring question asks you to select the audit areas that are applicable to your engagement This question is found in most titles except Compilations Reviews and Nontraditional Engagements The answer to
2. If a workpaper has more than one open diagnostic the Diagnostic icon displays with a plus sign next to it When you sign off on a Knowledge Coach Word workpaper you are warned if there are open diagnostics on the selected workpaper e When you finalize a binder you are prompted to clear any diagnostics that remain open in Knowledge Coach workpapers Diagnostic Summary You can view all Knowledge Coach diagnostics across workpapers via the Diagnostic Summary To use the diagnostic summary do the following 1 Access the diagnostic summary via the View menu in Engagement or the shortcut appearing to the left of the binder frame 2 Double click the blue arrow in any diagnostic row to open the workpaper and move to the affected cell See Knowledge Coach Tables on page 26 for more details All diagnostics will display by default You can filter diagnostics using the two buttons at the top to select the workpaper tab or individual workpapers You can also filter diagnostics by diagnostic type current editor preparer or reviewer by clicking in the column header of the diagnostic grid Deleting a Diagnostic If you have the appropriate staff group rights you can delete an open diagnostic that you do not want to reappear For example you may want to delete a diagnostic for Missing Workpaper Engagement Letter if you already have a scanned copy of the signed Engagement Letter from Chapter 13 Diagnostics 59 your client
3. Modifications you make to added program steps in audit workpapers will be kept in the new workpaper This option is available only when the Keep Program Steps option is selected Chapter 3 Getting Started with Knowledge Coach Workpapers 14 12 If workpapers require the same tab location and roll forward option you can select several workpapers and click Edit Multiple Options The Edit Multiple Options dialog displays allowing you to set these options for the selected workpapers Click OK to close the Edit Multiple Options dialog Edit Multiple Options xi Tab Location Unfiled Workpapers v Select how the selected workpapers and information entered in those workpapers should be handled when the binder is rolled forward Important Note If you have at least one Knowledge Coach workpaper set to replace with later title then all related workpapers will be automatically replaced with the later title Click Help for the list of related workpapers Workpapers Include in the roll forward Replace in the roll forward with later Knowledge Coach content Responses Use response roll forward setting Keep all responses C Reset all responses Customizations when replacing workpapers with later title version IV Merge row customizations V Keep audit programs populated with program steps Iv Keep custom program steps IV Keep modified program steps Cancel Help A 13 Click OK to insert the selected Knowledge Co
4. and you therefore do not want to use the sample engagement letter provided by the Knowledge Coach title All diagnostics must be deleted before you can finalize the binder To delete a diagnostic do the following From the Diagnostic Pane 1 Open the Diagnostics Pane from either the binder frame or from an open Knowledge Coach Word workpaper and select the diagnostic you want to delete 2 Click Delete Diagnostic on the Diagnostics group on the Knowledge Coach ribbon You will be asked to confirm the deletion 3 Click Yes From the Diagnostic Summary 1 Open the Diagnostic Summary and select the diagnostic s you want to delete 2 Click the Delete button above the grid You will be asked to confirm the deletion 3 Click Yes La Notes You can also right click on an open diagnostic and choose Delete Diagnostic In the Diagnostic Summary you can also delete a diagnostic by using the Delete key on the keyboard e Multiple diagnostics can be deleted at once from the Diagnostic Summary Some diagnostics which impact the functionality of workpapers cannot be deleted For example Duplicate workpaper and Obsolete Workpaper diagnostic Chapter 13 Diagnostics 60 Chapter 14 COPYING AND PASTING KNOWLEDGE COACH WORKPAPERS You can copy and paste Knowledge Coach workpapers from one binder to another allowing you to benefit from work you do in one binder that can be reused and then tweaked for a similar
5. to determine the Risk of Material Misstatement RMM for each risk The RMM level will be recommended for you based on the table found in the instructions at KBA 502 Summary of Risk Assessments Planned audit approach Required Choose from the following e Combined Approach Audit plan consists of both tests of controls and substantive tests e Substantive Analytical Audit plan consists primarily of analytical procedures e Substantive In Depth Audit plan consists of both analytical procedures and tests of details Comment on planned audit approach Use this field to document a brief description of the work you are planning to act as a guide for linking specific program steps to this risk when you design the audit program Workpaper identified in The open workpaper is selected as the default but you can change this In audit programs this selection results in the risk being added to the list of Findings in the Results section of the audit program 3 Click Save to save the specific risk The newly added risk appears in the Specific Risks table in the Knowledge Coach workpaper KBA 502 Summary of Risk Assessments in the section for the associated audit area If the risk is related to more than one audit area the risk will be shown separately in each of the audit areas The risk also will be shown in the Risk Summary window and will flow to the substantive audit program for the audit area to which it is associated P Note
6. Coach Ribbon 1 In the program step table within the workpaper select the program step you want to remove 2 Using the Audit Programs group on the Knowledge Coach ribbon click Program Step Library gt Remove Step The program step is removed from the Program Step Library Remove the Program Step from the Workpaper Using the Program Step Library Pane 1 In the Program Step Library Pane uncheck the step you want to remove 2 Click Update Workpaper The step is removed from the workpaper It remains in the Program Step Library in case you need to add it later Chapter 10 Audit Programs 52 Chapter 11 LINKING RISKS TO PROCEDURES In Knowledge Coach you can create a direct connection between risks that have been identified throughout your audit and the procedures you design to address those risks Financial statement level risks and specific risks are summarized in KBA 502 Summary of Risk Assessments and this workpaper provides a snapshot of all of the risk information for the job at a glance For Single Audit titles all steps selected in an audit program for a particular compliance requirement will flow to KBA 502 as it is linked to the overall risk of non compliance Here is an example of the Specific Risks table in KBA 502 Summary of Risk Assessments Notice that in the Program Steps to Address Risk column there is an indication that No steps have been linked Controls Any if CR lt Max Planned Relevant That
7. Mifigate Workpaper Audit Program Steps to Risk Area Type of Risk Asserfions Specific Risks Reference Approach Address Risk Accounts Receivable and Sales specific risks identified in this area gt Revenue Recognition gt Significant Cambined gt No steps have Commission rates on sales invite Fraud Interview been linked sales force to potentially create sales invalid sales orders especially at associates and the end of the year selected customers Risks are also flowed through to the substantive audit programs AUD 800 Audit Program Custom through AUD 813 Audit Program Other Revenue and Expenses and AUD 818 Audit Program Share Based Payments in the clarified version of the Commercial title Financial statement level risks flow through to all of the substantive audit programs while specific risks only flow through to the audit areas to which they relate Until risks are linked to program steps open diagnostics will be present in your binder For more details see Chapter 13 Diagnostics on page 58 Chapter 11 Linking Risks to Procedures 53 Linking a Program Step to a Risk To link a program step to a risk do the following 1 Open a substantive audit program AUD 800 Audit Program Custom through AUD 818 Audit Program Share Based Payments in the clarified version of the Commercial title and scroll down to the table that contains the program steps 2 Click in the Link to Ris
8. Use the drill down icon to easily get to the substantive audit programs from which you can link specific program steps to this risk if desired For more details see Linking a Program Step to a Risk on page 54 Chapter 9 Risk Summary 43 Adding Major Program Level Risks You can add a major program level risk which will then appear in the KBA 502S Summary of Risk Assessment over Compliance for the associated major program and all substantive audit programs associated with that major program You can document a planned overall response for each major program level risk and you can optionally link one or more program steps in a substantive audit program to the risk using the unique risk name you have created LJ Note KBA 502S Summary of Risk Assessment over Compliance for the applicable major program must be in the binder and you must be the current editor of KBA 502S for the major program to add a risk To add a major program level risk do the following 1 Select Add Risk gt Major Program Level Risk from the Knowledge Coach Ribbon or click Risk Summary to display the Risks Pane and then select the Major Program Level Risk section 2 Complete the following fields Major Program Name Required This will link the risk to the correct major program Risk name Required This name will be used when you link program steps to the risk mM Warning You cannot enter the pound sign or the pipe symbol in the Risk name fi
9. Welcome to ProSystem fx Knowledge Coach _ 1 The Next Level of Audit Efficiency 002 0022 2 eee cece eee eee 1 Chapter 2 Getting Set Up 0000000000000 0000000000000000 e cece ce ececeeeee 3 I stallatiom 2 2222 cecsacceh eaa a Ace cle k fcc cash dens 3 IGOMSIMG e ae 2 secon kk esa a tes 4 Staff Group Rights 0 0 2 0022 c ieee eee ee cece eee eeee eee 5 Getting Title Content 2 2 2 2 00 000 c cece ceccccecccteeeteeees 6 Chapter 3 Getting Started with Knowledge Coach Workpapers 10 Content Used in Knowledge Coach 2 222222 cece cee ececcccccccecceeeeeeees 10 Inserting Knowledge Coach Workpapers 22 2 222022eeeeeeeeee 10 Foundation Workpapers 20 20ccccccccccceccccceceeeceeeettesteeeetees 15 Associate Workpaper 2 222 222 2 eee eeeeeccccccccccecccccececeeeeeeeeees 16 Chapter 4 Knowledge Coach Workpapers in the Binder 18 Chapter 5 The Knowledge Coach Ribbon 22 2 2 19 Chapter 6 Important Elements in Knowledge Coach Workpapers 24 Embedded Hyperlinks 2 ccc ccc cece cccccccececeeteteeeeeeeeees 24 Related Workpaper Links 022 222222 cccce cece cece ccceeeeceeeeee 24 TAPS sts ete alee a a eee 25 Do Not Delete Indicators 0 0 0 00 2 0c cece eee eee eee eee eee ee ee eee 25 Knowledge Coach Tables 2 22 2222 ccc ccc ccecccccccccec
10. from one answer selection box or table cell to the next Hold the Shift key while pressing the TAB key to move backwards e The UP and DOWN arrows cycle through a selection list in an answer selection box The SPACEBAR will toggle a check box control or select an option in an answer selection box The ENTER key will retain the answer and close an answer selection box The ESC key is equivalent to clicking a Cancel button Cells with Open Diagnostics A cell in a Knowledge Coach table that has an open diagnostic associated with it unanswered question program step not signed off potential error etc is indicated with light blue shading on the cell To view the diagnostic for the selected cell do one of the following e Choose Find from the Diagnostics group on the Knowledge Coach ribbon This opens the Diagnostics Pane if it is not already open and will automatically scroll to and select the open diagnostic associated with the selected cell You can also use the Find Diagnostic function on the right click menu from a selected cell e Choose Diagnostics Pane from the Diagnostics group on the Knowledge Coach ribbon if the Diagnostics Pane is not already displayed at the bottom of your screen Scroll to applicable diagnostic Chapter 6 Important Elements in Knowledge Coach Workpapers 27 For more information see Chapter 13 Diagnostics on page 58 Note Diagnostics are refreshed periodically as you work through the
11. major program and in the substantive audit program for the major program and compliance requirement s to which the risk is associated You can link one or more program steps in a substantive audit program to a compliance requirement level risk using the unique risk name you have created Before any compliance requirement level risks are created for a significant audit area you ll see information to this effect in various parts of the workpapers For example in KBA 502S Summary of Risk Assessment over Compliance for the associated major program you ll see a row that says No risks have been added for this area Li Note KBA 502S Summary of Risk Assessment over Compliance for the applicable major program must be in the binder and you must be the current editor of KBA 502S for the major program to add a risk To add a compliance requirement level risk do the following 1 Select Add Risk gt Compliance Requirement Level Risk from the Knowledge Coach Ribbon or click Risk Summary to display the Risks Pane and then select the Compliance Requirement Level Risk section 2 Complete the following fields Major Program Name Required This will link the risk to the correct major program Risk name Required This name will be used when you link program steps to the risk T Warning You cannot enter the pound sign or the pipe symbol in the Risk name field Risk description Required This box has a maximum of 5
12. table in the Knowledge Coach workpaper KBA 502 Summary of Risk Assessments Chapter 9 Risk Summary e 41 LJ Note Use the drill down icon to get to the substantive audit programs from which you can link specific program steps to this financial statement level risk if desired For more details see Linking a Program Step to a Risk on page 54 Adding Specific Risks Specific risks are summarized in KBA 502 Summary of Risk Assessments and in the substantive audit programs for the audit area s to which the risk is associated You can link one or more program steps in a substantive audit program to a specific risk using the unique risk name you have created Before any specific risks are created for a significant audit area you ll see information to this effect in various parts of the workpapers For example in KBA 502 Summary of Risk Assessments you ll see a row that says No risks have been added for this area Lal Notes e You must be in a financial statement audit workpaper to add a financial statement level risk e You must be the current editor of KBA 502 Summary of Risk Assessments to add a risk To add a specific risk do the following 1 Select Add gt Specific Risk from the Knowledge Coach Ribbon or click Risk Summary to display the Risks Pane and then select the Specific Risk section 2 Complete the following fields Risk name Required Maximum 30 characters This name will be used when you link program
13. workpapers However if you think a particular diagnostic should be cleared and you are still seeing an open diagnostic you can refresh the diagnostics manually To do this click Refresh KC Data on the General group on the Knowledge Coach ribbon Cells that Flow To or From Other Areas To save you time and protect consistent information Knowledge Coach automatically flows some information you provide to other workpapers You can tell when information is coming from another workpaper by the slanted gray shading on the background of certain cells in Knowledge Coach tables Cells that flow information in from another area of the workpaper are not editable Instead you modify the information in the source document in order to keep the information the same in both places In many cases you can drill down to the source of the information by double clicking the blue arrow inside the cell This launches the workpaper that contains the original question and places your focus directly in the cell from which the information is flowing When information is updated in one workpaper and it flows to another workpaper thereby changing the contents of the workpaper the File Modified Flag icon is not displayed next to the workpaper that changed as a result However there may be additional Unanswered Question diagnostics or other diagnostics that appear which will prompt you to complete more information in the affected workpaper For more information see
14. 12 characters Type of risk Required See the instructions in KBA 502S Summary of Risk Assessments over Compliance for more information on factors to consider in determining whether a risk is significant A risk may also require tests of controls where substantive tests alone are not sufficient Compliance requirements affected by the risk Required Select one or more compliance requirements that are impacted by the risk Controls if any that mitigate specific risk Evaluate the design of controls for each significant risk or fraud risk The magnitude of a risk depends in part on whether controls are in place to mitigate those risks Chapter 9 Risk Summary 45 Combined risk assessment Inherent Risk IR is combined with Control Risk CR to determine the Risk of Material Noncompliance RMN for each risk The RMN level will be recommended for you based on the table found in the instructions at KBA 502S Summary of Risk Assessment over Compliance Planned audit approach Required Choose from the following e Dual purpose tests e Substantive compliance tests Comment on planned audit approach Use this field to document a brief description of the work you are planning to act as a guide for linking specific program steps to this risk when you design the audit program Workpaper identified in The open workpaper is selected as the default but you can change this In audit programs this selection results in the risk be
15. 3 Wolters Kluwer When you have to be right ProSystem fx Knowledge Coach User Guide 2015 2015 CCH Incorporated All Rights Reserved Material in this publication may not be reproduced or transmitted in any form or by any means without prior written permission Requests for that permission should be directed to CCH INCORPORATED 20101 Hamilton Ave Suite 200 Torrance CA 90502 The contents of this publication are believed to be accurate However responsibility cannot be assumed for the information contained herein and the consequences resulting from the use thereof Material in this publication is subject to change without notice This User Manual and the computer software it describes are designed to provide accurate and authoritative information in regard to the subject matter covered They are distributed with the understanding that the publisher is not engaged in rendering accounting legal or other professional service If legal advice or other expert assistance is required the services of a competent professional should be sought CCH ProSystem fx is a registered trademark of CCH INCORPORATED Portions Copyright 1984 1990 FairCom Corporation All rights reserved Portions Copyright Novell Inc All rights reserved Windows is a registered trademark of Microsoft Corporation All other brand product or company names are trademarks or registered trademarks of their respective owners Contents Chapter 1
16. A 502 Summary of Risk Assessments do the following 1 Locate the risk in KBA 502 Summary of Risk Assessments and place your cursor on that row 2 Click Edit from the Risk Assessment group on the Knowledge Coach ribbon or right click and select Edit Risk The Financial Statement Level Risk section or the Specific Risk section opens depending on the type of risk you selected For more information see Adding Financial Statement Level Risks on page 41 Adding Specific Risks on page 42 Adding Major Program Level Risks on page 44 and Adding Compliance Requirement Level Risk on page 45 Deleting Risks To delete a risk from the Risks Pane do the following 1 Click Risk Summary in the Risk Assessment group on the Knowledge Coach ribbon to display the Risks Pane 2 Select the risk you want to delete 3 Click Delete Risk 4 Click Yes to confirm the deletion To delete a risk from KBA 502 Summary of Risk Assessments do the following 1 Locate the risk in KBA 502 Summary of Risk Assessments and place your cursor on that row 2 Click Delete from the Risk Assessment group on the Knowledge Coach ribbon 3 Click Yes to confirm the deletion La Note You cannot delete the Management Override Financial Statement Level risk as this risk always applies Chapter 9 Risk Summary 47 Chapter 10 AUDIT PROGRAMS The substantive audit programs in Knowledge Coach are based on a common organizational structure so that every pr
17. Chapter 13 Diagnostics on page 58 Form Tables Many Knowledge Coach tables have the structure of a form table in which you must add as many rows as you need in order to accommodate the information you have Because the number of specialists you have involved on an audit may vary by engagement Knowledge Coach allows you to add as many rows as you need To add rows to these kinds of tables do the following 1 Click in the area of the table that uses the instructions Type here to add an item This text will disappear 2 Type relevant information in the cell 3 Use your mouse or tab to the next cell in the table Knowledge Coach will automatically add another empty row below the one that contains your information It may take a few seconds for the system to completely refresh you can watch the Word status bar at the bottom of the workpaper to monitor the refresh process 4 Complete the other cells in the row you have added as applicable Chapter 6 Important Elements in Knowledge Coach Workpapers 28 Findings Tables A special kind of form table is the Findings Tables that are found in several documents including each of the substantive audit programs If you use the Workpaper Identified In field in the risk pane the risk will show in the respective findings tables when applicable To protect the integrity of risk information throughout the Knowledge Coach workpapers you are now restricted from adding risks dir
18. Custom Item icon to the right 2 Click Rename The Rename Custom Audit Area window displays 3 Enter the new name and click OK The new audit area name displays in the Available audit areas box of the Audit Areas window La Note You can only rename custom audit areas Deleting an Audit Area 1 Select a custom audit area If you are not sure which areas are customized check for the Fa Custom Item icon to the right 2 Click Delete A message displays asking you to confirm the procedure 3 Click Yes to remove the custom audit area from the available audit areas list 4 Click OK to close the dialog box The floatie displays with the deleted value s excluded from the list Changing an Answer You can change an answer that was previously provided If you change an answer that controls the behavior of other areas in your Knowledge Coach workpapers you will be warned about this so that you do not inadvertently remove information To change an answer do the following 1 Click on the existing answer The floatie appears with the current response pre selected 2 Select a different choice The Change Answer Notification window displays 3 Click Yes on the Change Answer Notification window The answer is updated with your new choice Chapter 8 Tailoring Your Workpapers 38 LJ Note Clicking on Reset Answer from the Complete Cells group on the Knowledge Coach ribbon is another way of changing an answer Therefore you will see th
19. Effects topic within the desired workpaper to view the details of the information Content Updates The Content Updates section of the Tips Pane displays information about what has changed in the open workpaper as compared to previous versions In Knowledge Coach workpapers in Microsoft Word or Excel you can view the updates by doing the following from anywhere in the open workpaper 1 Click View Updates in the Guidance group on the Knowledge Coach ribbon You can also select the View Content Updates tab in the Tips Pane any time it is open A summary of the updates for the workpaper is displayed in the Content Updates tab on the Tips Pane Chapter 7 Tips Pane e 35 2 If there are no updates for the opened workpaper a message displays along with a list of the top Knowledge Coach usability tips You can continue to work on the workpaper as you view the updates You can also view the content update information for a particular workpaper from the KC Guidance item accessed from the Knowledge Coach ribbon in either Microsoft Word or Excel Follow these steps 1 Select the KC Guidance item from the Guidance group on the Knowledge Coach ribbon The HTML Help file displays 2 From the Contents tab on the left hand side select the open workpaper by clicking on the purple book using the index and workpaper name as a guide 3 Select the Content Updates topic within the desired workpaper to view the summary information for any updates
20. See the previous section Related Workpapers on the previous page for more information Click OK to continue If there are multiple title versions available select which title version is appropriate for your engagement In most cases the available titles will be the current year and the next year To update to a later title you will have to update one year at a time See Advancing More than One Title Version below You will see a progress indicator and then a success message You will be notified of any titles that are not successfully updated In limited instances for example when updating to the clarified version of the title there may be workpapers that do not have an updated version You will be notified that one or more workpapers were not updated but this does not mean that the update process was unsuccessful Open the updated workpaper The new content is presented in the workpaper along with the work you did before you updated the workpaper answers to questions program step sign offs workpaper customization etc The Customization Review window displays A summary of the changes to rows that were made displays Li Note The Customization Review window may refer to customizations that are not visible due to new tailoring that has been added during the content update These customizations will be visible when the new tailoring questions are answered The new tailoring questions might exist in the Tailoring Question Workpaper or with
21. Title has already been added by viewing the Knowledge Coach Titles window The Base Title is indicated as Base Title in the Base Title column Releasing a Knowledge Coach Title A Knowledge Coach title must be released in order for general users in your firm to insert Knowledge Coach workpapers into their Engagement binders To release a title do the following 1 Launch ProSystem fx Engagement so that the Local File Room is displayed Select Tools gt Knowledge Coach Titles The Knowledge Coach Titles window displays 3 Select one of the Knowledge Coach titles in the list that has been added but is not yet released 4 Click Release Title The current date and time display in the Date released column and the status changes to Released Chapter 2 Getting Set Up 8 LJ Notes e You must have appropriate staff group rights to release a Knowledge Coach title See Staff Group Rights on page 5 for more information Once the Knowledge Coach title is added to your system you can start inserting Knowledge Coach workpapers from that title However other users will not be able to add workpapers from the title or update to that title until the title has been released unless a particular staff member has the staff group right to insert Knowledge Coach workpapers from unreleased titles The Base Title does not need to be released Users will not insert workpapers directly from the Base Title See Inserting Knowledge Coach Workpapers o
22. Utility UDP port 6737 P2EWinService TCP ports 943 and 4530 Pfx Engagement SocketService TCP port 4531 SharedFileRoom on Vista TCP port 445 These ports are configured on the server and workstations during installation However if you are connecting over a VPN or through a firewall or another device such as a router you will need to ensure that these ports are opened in order for the program to work correctly Chapter 2 Getting Set Up 3 Licensing There are three licenses involved in using Knowledge Coach workpapers e Engagement Workpaper Management license This license allows users to access the Workpaper Management module of Engagement Knowledge Coach module license If you have a license to the Knowledge Coach module you will be able to view and navigate within and between the Knowledge Coach workpapers in a binder You l also be able to perform some common reviewer tasks such as perusing the Program Step Library and deleting diagnostics e Specific Knowledge Based audit title license Having a license to each of the Knowledge Based Audit industry titles will allow you to fully edit the Knowledge Coach workpapers for a particular industry title Contact your system administrator for assistance with the licenses that have been assigned to you Here is a complete list of the license combinations required to complete each function License Required Function Engagement Specific Workpaper lst Kn
23. ach workpapers Foundation Workpapers The first time you insert Knowledge Coach workpapers into your binder you will notice that some of the workpapers are automatically selected and have a gray background in the New Knowledge Coach Workpaper window These workpapers are called foundation workpapers and they must be present in your binder to use other Knowledge Coach functionality and workpapers 1Workpapers that are always needed in the binder in order for the flow of information to work properly between workpapers and for the binder to comply with auditing standards Chapter 3 Getting Started with Knowledge Coach Workpapers 15 Foundation workpapers include most of the Communication Hub workpapers which are central to the Knowledge Based Audit Methodology used by the Knowledge Coach titles The following explanation is from RES 001 KBA Methodology Overview The Communication Hub is a collection of forms that are populated throughout the audit with key information about the entity including the overall audit strategy fraud risks and other risks of material misstatement misstatements identified and other findings information to be communicated to management and other items The Communication Hub helps members of the audit team to understand critical information about the entity and ensures that important information is not overlooked or hidden in the details of other forms Because of their importance to the audit process mos
24. amic functionality of Knowledge Coach such as hiding and showing parts of the workpapers flowing information between workpapers diagnostics and other functions is available within Word documents as seen in the ribbon below Home Insert Page Layout References Mailings Review View Add Ins Engagement Knowledge Coach a of W Add 16 4 L Rind e GQ Markas va Q S 003 KC Guidance a ZA W tait Delete loi XY Delete Sign Off AARM Pause KC Risk Program Diagnostics Sign Roll Forward Tips Answer View Customization Rows Refresh v Summary Delete Step Library Pane Off Settings Reset Answer Effects Updates Review X General Risk Assessment __ Audit Programs Diagnostics Complete Cells Guidance Review Table You can access Knowledge Coach ribbon functions using Alt C Additional hot keys become visible when holding down Alt C For example Alt C S is Sign off Excel Knowledge Coach workpapers also include some functionality as shown in the Excel ribbon below Home Insert Page Layout Formulas Data Review View Add ins Engagement Knowledge Coach A o P 3 ranea Risk Add Answer View KC ARM Summary Risky Effects Updates Guidance Risk Assessment Guidance Knowledge Coach Ribbon Functionality Available Ribbon lesn Description Available Available via in Word in Excel Right Click Group Function General Displays a drop down menu so Pause Auto Refresh of that you
25. ate when the binder is rolled forward unless you change the template settings in the roll forward options for the workpaper During the roll forward process you will have the option to select which later version you want to use In most cases the available titles will be the current year and the next year To update to a later title you will have to update one year ata time See Advancing More than One Title Version on the next page Related Workpapers Because many of the Knowledge Coach workpapers are related to one another through information flow and the effects of answers all related workpapers must be updated to the later version at the same time Depending on the title refer to the RES 010 RES KCO or KCO 001 document for a list of workpapers for the appropriate title Updating a Workpaper to a Later Version To update a workpaper in an open binder do the following 1 Ensure that all Knowledge Coach workpapers are closed 2 Select a Knowledge Coach Word or Excel workpaper and select Workpaper gt Update to Later Knowledge Coach Content You can choose to either Update Selected Knowledge Coach Workpapers or Update All Knowledge Coach Workpapers in Binder If you have selected a workpaper that links to another Knowledge Coach workpaper via information flow or tailoring of content you are warned that the entire set of related workpapers will Chapter 12 Updating to a Later Version of a Workpaper e 55 be updated together
26. available Knowledge Coach title packages are listed Click the title to download Detailed information about the title displays Scroll down to the How to install section Click Download ok Ww N Select a location to which you want to store the title package file which will have a KCP extension La Notes e You must have a ProSystem fx Single Sign On SSO user ID and password to access the Engagement Support Web site where the Knowledge Coach titles are stored If you do not have a user ID and password you can obtain one by contacting Customer Service at 1 800 PFX 9998 option 4 Titles used on Knowledge Coach version 2 0 or later will require a Base Title to be downloaded in addition to the Knowledge Coach Industry Title Use the same process to download the Base Title as you use for any other title Adding a Knowledge Coach Title Once you have downloaded a Knowledge Coach title package KCP file you can add this industry specific content to your Knowledge Coach database To add a title do the following 1 Launch ProSystem fx Engagement so that the Local File Room is displayed 2 Select Tools gt Knowledge Coach Titles The Knowledge Coach Titles window displays Chapter 2 Getting Set Up 7 3 Click Add Title 4 Browse to the title package file KCP that you previously downloaded from the Knowledge Coach Support Web site If the title you are adding is for Knowledge Coach 2 0 or later you first n
27. can pause or resume X automatic refresh of Knowledge Chapter 5 The Knowledge Coach Ribbon 19 NEV E19 Ribbon icon Description Available Available via in Word in Excel Right Click Group Function Coach data or manually refresh Knowledge Coach data Stops the Knowledge Coach information and links from being Pause Auto refreshed automatically If X Refresh already paused clicking this button again will resume automatic refresh Manually refreshes the Knowledge Refresh 9 Coach workpaper to include the x KC Data most recent information diagnostics and links Knowledge Coach Opens the Knowledge Coach x Help WebHelp file Risk Assessment Allows you to view a summary of Risk we eae all the risks within the Risk pane Displays a drop down menu so you Add Risk can add a financial statement X X level risk or specific risk Allows you to add a financial Financial statement level risk from a Statement Ys f X X X i financial statement audit Level Risk workpaper Allows you to add a specific risk Specific Risk 5 from a financial statement audit X X X workpaper Allows you to add a major Saar rogram level risk from a single Program Af P H HUD li 8 X X xX Level Risk audit or compliance workpaper e C li Allows you to add a compliance ompliance wr y p x x x Requirement requirement level risk from a Chapter 5 The Knowledge Coach Ribbon 20 NEV E e Ribbon D
28. cated in the diagnostics Insert the Entity Information and Background form KBA 200 if it is available Either roll forward the binder again or update all Knowledge Coach workpapers to the next title from within the binder See Updating a Workpaper to a Later Version on page 55 P Note The above steps have to be performed updating one year at a time All sequenced title versions will have to be installed in order to get to the very latest version Chapter 12 Updating to a Later Version of a Workpaper 57 Chapter 13 DIAGNOSTICS The Diagnostics Pane displays issues in the workpaper that currently prevent it from being complete To use the Diagnostics Pane do the following 1 Click Diagnostics Pane on the Knowledge Coach ribbon The Diagnostics Pane displays at the bottom of the workpaper The type of diagnostic is listed in the left column and the description is listed in the right column 2 Click Type to filter the list of diagnostics A list of diagnostic types applicable to the open workpaper displays Leave the diagnostics types checked if you want to see them in the list 3 Double click the blue arrow in any diagnostic row to move to the affected cell in the workpaper La Notes Cells in tables that have open diagnostics are indicated by their light blue shading See Cells with Open Diagnostics on page 27 for more details To find a diagnostic in the Diagnostics Pane from a cell that has an open diagnostic c
29. ccceeceeceeeeeeeees 26 Using Other Engagement Functions in Knowledge Coach Workpapers 30 Using Microsoft Word Functions in Knowledge Coach Workpapers 30 Chapter 7 Tips Pane 2 2 2 oo occ cece cece cc cccc ccc cecccecceeeeeeeeeees 32 MPS seca e Mout nese a nt ee ee ese neh SE 32 Answer Ett cts lt 2 iiciutc J ceddseer acide aae a EEE eE 32 Content Updates 2 2202 2 0 a E a es ied 623 Da a uae b eens EOL 35 Chapter 8 Tailoring Your Workpapers 222222222 2222ceeeeeeeeeees 37 Tailoring Questions 2 2 0 0 0 00 c cece cece cece cece cc eeceeeceectecetstteteeeees 37 Audit Areas ee ee OP OR ak RE ed EEE ee 37 Chapter 9 Risk Summary 222 222 22 2222 cece ee cccce eee eeeeeeeees 40 Adding Financial Statement Level Risks 00022 222 22022222222222 41 Adding Specific Risks 2 2 2 2 2222 e cece eee e cee eecccccccccecccececcseeeeeees 42 Adding Major Program Level Risks 2222222 2cceeeeeeeeeeceeeeee 44 Adding Compliance Requirement Level Risk 2222222 222222 45 Contents i Contents m Editing Risks serere eee i cee eee cece r a E ea Deleting RISKS 222 05 rnn a bad eck chee a E E E e eea EEDE ESIa 47 Chapter 10 Audit Programs 2 2 2 222cceeeceeceeccccccceccecceceeees 48 Program Step Library 2 2 2 22 cece cece cece ce eccccccccecccececeeceeeeeeeees 48 View Available Program Steps ccc cec
30. ccessing the Answer Effects Tab To access the Answer Effects tab on the Tips Pane do the following 1 Highlight or place your cursor in the section of the workpaper for which you want to view answer effect information 2 Select Answer Effects in the Guidance group of the Knowledge Coach ribbon You can also select the Answer Effects tab on the Tips Pane any time it is opened 3 The answer effects for that area of the workpaper display in the Answer Effects tab on the Tips Pane 4 When no answer effects are present for that section of the workpaper a message displays along with a list of the top Knowledge Coach usability tips LJ Note The light bulb icon that signifies that there is a tip associated with the content in the workpaper is not shown in tables when the specific area of the workpaper has only Answer Effects associated with it and there are no tips Outside of tables both tips and or answer effects will display the light bulb visual indicator Examples of Answer Effects The Answer Effects section lists the following conditions that are applicable to the selected area of the workpaper Heading in Answer Details That are Displayed Example Pane If New Show AUD 100 Engagement Level Tailoring Questions Question Js there a predecessor auditor AUD 101 Overall Audit Program Program Step Client Acceptance Procedures Information that will be shown Show If Recurring Show when you answer the selected Conten
31. cept or reject the deletion in the new version of the template Chapter 6 Important Elements in Knowledge Coach Workpapers 29 Information Outside of Tables Customizations you make in text outside of Knowledge Coach tables in Microsoft Word cannot be kept and merged with a new version of the Knowledge Coach workpaper If the option to merge changes is chosen as the roll forward setting or if you update a workpaper on the fly from an active Engagement binder edits made outside of Knowledge Coach tables will not appear in the new workpaper Using Other Engagement Functions in Knowledge Coach Workpapers Several Engagement functions you are used to using in non Knowledge Coach workpapers are available in Knowledge Coach Word and Excel workpapers Available functions include the following Insert workpaper reference Open workpaper reference Create workpaper note Insert tickmark available in Excel Knowledge Coach workpapers only To use these functions click on the Engagement ribbon at the top of Knowledge Coach workpapers Some of the functions are also available from the right click menu in Knowledge Coach workpapers Using Microsoft Word Functions in Knowledge Coach Workpapers Most Microsoft Word and Excel functions are available in Knowledge Coach workpapers without restriction However there are some functions that are limited in Knowledge Coach Word workpapers due to the way that Knowledge Coach information is
32. ck this selection to view all Responses cells that are set to be retained Set to Keep during roll forward View Check this selection to view cells Responses that are set to be reset during roll Set to Reset forward Inserts N A and the current date Mark as N A depending on sign off configuration D h fi m 5 h Delete Sign Off eletes the information in the Reset Answer Guidance Tips Answer Effects View Updates KC Guidance sign off field Resets the selected cell to the default state Displays the Tips pane to the right of the workpaper Displays the Answer Effects tab in the Tips pane Opens the View Content Updates tab in the Tips pane allowing you to view significant updates to the selected workpaper Opens the Title Help file for the associated Knowledge Coach Chapter 5 The Knowledge Coach Ribbon 22 Available Ribbon Description Available Available via in Word in Excel Right Click Group Function title displaying the KBA Methodology Overview 2 Opens the Accounting Research EEN Management Web site Z 5 Review Customization A Opens the Customization Review x Review pane Table Displays a drop down menu for Rows E inserting rows into a Knowledge X Coach table Insert Row H Inserts a row above the selected x Above row Insert Row Inserts a row below the selected x Below row Delete E Deletes the selected row X Available from the right c
33. d later from the Workpaper Properties dialog for a particular workpaper or in the Roll Forward Binder Wizard e Some of the decisions for what data should be retained and how templates will be updated upon roll forward will be made at the administrative level These settings can be distributed to staff members via the use of binder templates that include Knowledge Coach workpapers with these settings already established 10 Select one of the following roll forward options for Responses Note The following options are not applicable to Excel Knowledge Coach workpapers Use response roll forward setting The Knowledge Coach workpaper will roll forward each response according to the default roll forward setting for that response as determined by CCH Keep all responses The Knowledge Coach workpaper will retain the current responses in all of the response areas in the new workpaper in the new binder Reset all responses The Knowledge Coach workpaper will reset all of the response areas in the workpaper to their default values in the new binder LJ Note If information is flowing into a workpaper where Reset all responses is selected the information flowing in will still appear in the workpaper if the workpaper from which the data is flowing is set to retain this data An example of this is KBA 102 Engagement Completion Document which summarizes information from the Findings tables in the substantive audit programs If the subs
34. dit Programs group on the Knowledge Coach ribbon The Program Step Library Pane can be moved and resized The columns can also be resized so that you can read the steps more easily Tailor Steps in the Program Step Library Before you add program steps from the Program Step Library to your audit program workpaper you should answer the tailoring questions for that audit area This will help you narrow down the program steps that might be applicable to your engagement For more information on answering questions see Answer Selection Boxes Floaties on page 26 As you answer these questions steps in the Program Step Library will be marked as not applicable These steps are denoted by an NA notation in the column to the right of the program step name Add Steps from the Program Step Library To add steps to your audit program do the following 1 Check Show only applicable steps to limit the displayed steps optional 2 Expand and collapse the main program steps by clicking the plus and minus signs 3 Select the check box to add a program step to the workpaper If you do not want to include a particular sub step in the workpaper clear the check box Chapter 10 Audit Programs 49 LJ Notes If some of the sub steps have been excluded the checkbox will indicate this mixed selection To select all of the steps at once click the checkbox in the Program Step column header 4 Click Update Workpaper The selected pr
35. e cee ccccecceecceceeeeees 48 Tailor Steps in the Program Step Library 2222222 2 22222 49 Add Steps from the Program Step Library _ 2 ccccceeeeeeeeeee 49 Modify a Program Step in the Workpaper 200 ccceeeeeeeees 50 Add a Custom Program Step 22 cc cccccecccccccccccccecececceeeeeeees 50 Remove a Program Step 2 2 20 22 eee ccc ccceeecccccccccceeeeeeeeeee 52 Chapter 11 Linking Risks to Procedures 2 2 2 2 c cece ee eeeeeeeeeeeees 53 Linking a Program Step to a Risk 1 222222 2 222 cece cece cece cccccccccccecceeeeees 54 Chapter 12 Updating to a Later Version of a Workpaper 55 Related Workpapers 22 22222 e cc ccee cece cece cccceeecccecccceeeees 55 Updating a Workpaper to a Later Version ccccccceceeeeeeeeees 55 Advancing More than One Title Version 20 2222020 22202222222 e eee eee 56 Chapter 13 Diagnostics 0 20 0 oe c cee e cece eee eeeeeeeees 58 Diagnostics in the Binder Frame 2 2222 e eee eee eee cece cece cece eee 58 Diagnostic SUMMAry 2 2 22 eee eee eee ce ccc ccceceeeeeccececeeeeeeeeeeeees 59 Deleting a Diagnostic 2 2 0 0 0 22 cece cece cece cece cece ceeeeceeeeeeeeeeee 59 Chapter 14 Copying and Pasting Knowledge Coach Workpapers 61 Chapter 15 Synchronizing Knowledge Coach Workpapers 63 Resolving Duplicate Workpaper Conf
36. e same warning when resetting an answer in a Knowledge Coach workpaper Chapter 8 Tailoring Your Workpapers 39 RISK SUMMARY Risks can be accumulated in a central area called the Risk Summary within a Knowledge Coach binder This summary can be accessed from any open Knowledge Coach Word or Excel workpaper Also risk information flows to various workpapers as applicable so that you always see the risk information you need to work with within the context of appropriate workpapers The Risk Summary window allows you to view and delete risks that have been identified in the current binder and select risks to be edited Risks are categorized by Knowledge Coach title and then divided into Financial Statement Level Risks Specific Risks Major Program Level Risks and Compliance Requirement Level Risks To view the Risk Summary click Risk Summary from the Risk Assessments group on the Knowledge Coach ribbon To navigate through the risks do the following 1 Expand the Knowledge Coach title by clicking on the plus sign next to the title to view the type of risks associated with the title 2 Expand each risk type by clicking on the plus sign next to the risk type name to view a list of the risks that have been identified in that category 3 Expand each risk by clicking on the plus sign next to the risk to view the workpaper index and name where the risk is addressed the planned overall response or comment on planned audit approach
37. ead more about this audit methodology and approach do one of the following Insert the Knowledge Coach workpaper RES 001 KBA Methodology Overview into a binder See Inserting Knowledge Coach Workpapers below for more information e From any open Knowledge Coach Workpaper click KC Guidance in the Guidance group on the Knowledge Coach Ribbon This displays the contents from RES 001 KBA Methodology Overview in a separate Help window This workpaper is the roadmap or guide to the risk based audit methodology that Knowledge Coach follows While it is not intended to replace the CCH audit guide it provides extensive information about the methodology and how the workpapers are intended to fit within that methodology Inserting Knowledge Coach Workpapers To begin using the Knowledge Coach module you must first insert Knowledge Coach workpapers To add a new Knowledge Coach workpaper to a binder in ProSystem fx Engagement do the following 1 Open the binder and select the tab into which you want to insert the Knowledge Coach workpaper 2 From the binder menu select File gt New gt Knowledge Coach Workpaper The New Knowledge Coach Workpaper dialog displays 3 Use the Industry list to select the Knowledge Coach title containing the workpaper s you are adding The name of each title includes the year for the title 2014 the industry name e g Commercial the date that CCH released the title e g 7 18 14 foll
38. ectly in the findings tables This applies to the Single Audit title and all titles released subsequent to KC 1 8 For more information see Form Tables above and Chapter 9 Risk Summary on page 40 Inserting Rows Depending on the table you will be able to insert rows in Knowledge Coach To insert a row do the following 1 Click in a row in Knowledge Coach table 2 Using the Tables group select Rows gt Insert Rows Above or Insert Rows Below The Insert Knowledge Coach Row window displays 3 Select the row type you would like to add and click OK The new row is added and renumbering is applied if necessary LJ Note When you update your workpaper to the latest version either during an active engagement or during the roll forward process you can review any rows that were added manually through this process and either accept or reject them in the new version of the template Deleting Rows Depending on the table you will be able to delete rows in Knowledge Coach To delete a row do the following 1 Click in a row in Knowledge Coach table 2 Using the Tables group select Rows gt Delete Row You are asked to confirm the deletion 3 Click Yes to continue The row is removed and renumbering is applied if necessary B Note When you update a workpaper to the latest version either during an active engagement or during the roll forward process review any rows that were deleted manually through this process and either ac
39. eed to make sure the appropriate Base Title has been added Then you will be able to add the industry title package To add the Base Title use the same process to download and add the Base Title as you use for any other title 5 Click Open A progress indicator displays while the title package is added You will receive a message that the title has been successfully installed once the process is complete La Notes e You must have appropriate staff group rights to add a Knowledge Coach title See Staff Group Rights on page 5 for more information Once the Knowledge Coach title is added to your system you can insert Knowledge Coach workpapers from that title and the content for that title will synch to other users via the Office Login process or via synchronization between Local File Rooms or with the Central File Room However other users will not be able to add workpapers from the title or update to that title until it has been released unless a particular staff member has the staff group right to insert Knowledge Coach workpapers from unreleased titles For more details see the next section Releasing a Knowledge Coach Title There may be more than one Base Title available Information in the release bulletin and on the Engagement Support Web site where the Knowledge Coach titles are stored will give you the information about which Base Title is required for the industry title you want to add You will be able to tell if the required Base
40. eld Risk description Required This box has a maximum of 512 characters Type of risk Required See the instructions in KBA 502S Summary of Risk Assessments over Compliance for more information on factors to consider in determining whether a risk is significant Planned overall response Possible responses to risks at the major program level are listed in the instructions to KBA 502S Summary of Risk Assessments over Compliance You ll need to enter information here in order to clear the Unaddressed Risk diagnostic for a particular risk Workpaper identified in The open workpaper is selected as the default but you can change this In audit programs this selection results in the risk being added to the list of Findings in the Results section of the audit program 3 Click Save to save the major program level risk The newly added risk will appear in the Major Program Level Risks table in the Knowledge Coach workpaper KBA 502S Summary of Risk Assessments over Compliance for the associated major program Chapter 9 Risk Summary 44 LJ Note Use the drill down icon to get to the substantive audit programs from which you can link specific program steps to this major program level risk if desired For more details see Linking a Program Step to a Risk on page 54 Adding Compliance Requirement Level Risk Compliance requirement level risks are summarized in KBA 502S Summary of Risk Assessment over Compliance for the associated
41. engagement To copy Knowledge Coach workpapers to another binder do the following 1 Select the workpapers you want to copy and click Edit gt Copy 2 Navigate to the binder into which you want to paste the workpapers and select a tab in that binder 3 Click Edit gt Paste The Selected Workpaper Properties window displays See Inserting Knowledge Coach Workpapers on page 10 for more details on this window 4 Click OK when you re ready to continue The workpapers are pasted into your binder Warning In the Diagnostics Pane right click on the Refresh Diagnostics item and choose either Refresh diagnostics for this workpaper or Refresh diagnostics for the entire binder You should perform this step to ensure that you are working with the most recent diagnostic information P Notes f no Knowledge Coach workpapers exist in the binder for the selected title into which you are pasting the foundation workpapers will be inserted in addition to the workpapers you selected to copy For more information see Foundation Workpapers on page 15 If Knowledge Coach workpapers exist in the binder but are a different title related workpapers and the foundation workpapers will be copied in the binder into which you are pasting If you copy an instance of AUD 800 Audit Program Custom into a new binder the custom audit area that is associated with the custom audit program must already exist in the new binder For more information
42. es Browse to downloaded title packages KCP files and add the content for a given Knowledge Coach title to the Knowledge Coach content database on your computer Give this right to a person in your firm who has a ProSystem fx account login and is responsible for retrieving titles and distributing out to the rest of the staff e Release unrelease Knowledge Coach titles Releasing a Knowledge Coach title that has been added to the database makes it available to other staff members in your firm so that they can start adding workpapers to binders from that title Unreleasing a title takes a title out of circulation for the entire firm Give this right to a person in your firm who is responsible for managing the latest versions of titles e Insert Knowledge Coach workpapers from unreleased titles This right allows you to preview Knowledge Coach workpapers from a given title by inserting them into a binder before a title is released into general circulation in your firm Give this right to people who review titles prepare binder templates and generally prepare other staff members for work on audit materials For more information on how to add or modify staff group rights see the Setting Up Staff Groups book of the Engagement Administrator Help Getting Title Content Before you can start inserting Knowledge Coach workpapers in your Engagement binders you must download and install the Knowledge Coach industry specific content that is compatib
43. escription Available Available via in Word in Excel Right Click Group Function single audit or HUD compliance Level Risk Wolkeaper Edit A Displays the Open Risk dialog so x y you can edit a risk Delete XK Deletes a risk X Audit Programs Program Step 6 4 Displays a drop down menu for x x Library Program Step Library options Program 6 4 Opens or closes the Program Step x Step Library Library Displays a drop down menu with Modify 4 customization options for X inserting a new step or sub step New Custom g Allows you to insert a new custom x Step program step New Custom Z Allows you to insert a new custom x Sub Step sub step Allows you to remove a program Remove Step KG step y prog X e Find Step eN Allows you to locate a step in the x Program step Library pane Diagnostics Opens or closes the Diagnostic Diagnostics Pane F4 pane at the bottom of the X X workpaper Opens the Diagnostic pane if it is Find R not already open and serou to x ye the selected diagnostic within the pane Delete amp Deletes the diagnostics selected X Chapter 5 The Knowledge Coach Ribbon 21 NEV E e Ribbon Description Available Available via in Word in Excel Right Click Group Function Complete Cells Sign Off Roll Forward within the diagnostics pane Inserts your initials and the current date depending on the sign off configuration Opens the Roll Forward Settings Settings menu View Che
44. ge Coach Row window displays Click OK to continue Two new rows are added to your table below the step you selected The steps in the table are renumbered automatically Enter a brief name for your custom step in the first row Enter the text for the program step in the second row next to the step number In the Primary Assertions column click on the cell next to the program step text to display the list of assertions and select those that are applicable You can add a sub step to your custom step by clicking Program Step Library gt Modify gt New Custom Sub Step from the Audit Programs group on the Knowledge Coach ribbon A row will be added beneath the main program step in which you can enter the text of your sub step LJ Notes e Custom steps are denoted in the Program Step Library by the customization icon that is displayed to the right of each custom step s program step name If you have selected to include the Program Step Library from an existing non custom audit area custom program steps within each workpaper are independent of other workpapers using the Program Step Library for that audit area If you add a custom step in one audit program it is not automatically included in the Program Step Library for the other audit programs Chapter 10 Audit Programs 51 Remove a Program Step To remove a program step from an audit program do one of the following Remove the Program Step from the Workpaper Using the Knowledge
45. if applicable and the name of any program step s that have been linked to address the risk La Notes Risks can only be added for the title of the open workpaper For example if you have KBA Commercial workpapers opened risks cannot be added to KBA Construction workpapers Risks cannot be added to independent workpapers that do not include foundation workpapers 1 e You must be the current editor of KBA 502 Summary of Risk Assessments to add edit or delete risks 1Workpapers that are always needed in the binder in order for the flow of information to work properly between workpapers and for the binder to comply with auditing standards Chapter 9 Risk Summary 40 Adding Financial Statement Level Risks You can add a financial statement level risk which will then appear in KBA 502 Summary of Risk Assessments and all substantive audit programs You can document a planned overall response for each financial statement level risk and you can optionally link one or more program steps in a substantive audit program to the risk using the unique risk name you have created La Notes e One financial statement level risk Management Override is provided The description for this risk can be edited and a planned overall response can be added but it cannot be renamed or deleted e You must be in a financial statement audit workpaper to add a financial statement level risk e You must be the current editor of KBA 502 Sum
46. ilable in the Associate Workpaper with Custom Value window Click OK Continue with the rest of the steps for Inserting Knowledge Coach Workpapers on page 10 LJ Note You will be prompted to make associations when inserting the workpapers that require this association from related workpaper reference links or from missing workpaper diagnostics Chapter 3 Getting Started with Knowledge Coach Workpapers 17 Chapter 4 KNOWLEDGE COACH WORKPAPERS IN THE BINDER Once you have inserted Knowledge Coach workpapers into your binder they will be listed along with all of your other workpapers in your Engagement binder Knowledge Coach workpapers are indicated by a Knowledge Coach Word workpaper icon or a Knowledge Coach Excel workpaper icon BE Knowledge Coach workpapers also take advantage of the Open Diagnostics column in the binder frame If a workpaper has diagnostics that have yet to be resolved you will see the Open Diagnostics icon next to the workpaper For more details see Chapter 13 Diagnostics on page 58 Chapter 4 Knowledge Coach Workpapers in the Binder 18 Chapter 5 THE KNOWLEDGE COACH RIBBON Knowledge Coach workpapers use either a Microsoft Word 2007 2010 or a Microsoft Excel 2007 2010 medium for viewing the title content from the Knowledge Coach content database The Knowledge Coach ribbon in Word and Excel includes many functions you ll need while working with Knowledge Coach workpapers The dyn
47. in Knowledge Coach Workpapers 26 LJ Notes Floaties will not appear properly if you are using dual monitors on a laptop and your laptop screen is NOT your primary monitor To resolve this issue flip your monitors to ensure that the laptop screen is the primary monitor e In some floaties you can provide your own custom answer If this is available you will see text that says Add custom value Enter your custom answer in the space provided and click OK A special instance of these customizable answers is the AUD 100 tailoring question about the audit areas that are applicable to your engagement For more details see Audit Areas on page 37 For single selection answers radio buttons and drop down menus the floatie closes as soon as you select an answer For multiple selection answers checkboxes the floatie stays open until you have clicked or tabbed outside of the cell so that you can select all of your choices In some floaties answers will be recommended for you based on how you have responded to other questions In this case you will see text that says Recommended after the choice that is suggested You can select a different answer but if you do a Potential Error diagnostic will be generated for the question See Chapter 13 Diagnostics on page 58 for more details i Tip Instead of using your mouse you can use the following keys to answer floaties The TAB key moves forward left to right down the page
48. in functions These staff group rights are listed as follows Roll Forward Knowledge Coach Override response roll forward setting Allows group members to override roll forward settings that have been applied to responses in a Knowledge Coach workpaper e Knowledge Coach Accept reject changes in updated content Allows group members to accept reject changes to updated Knowledge Coach content Notes Diagnostics Delete diagnostics Allows group members to delete a Knowledge Coach diagnostic in the event that it is not relevant to your engagement For example you may want to delete the diagnostic for Workpaper Missing You have indicated potential going concern issues so you Chapter 2 Getting Set Up 5 should add and complete AUD 902 Audit Program for Consideration of Going Concern if your firm has their own preferred form of this documentation Typically reviewers should be given this staff group right See Deleting Diagnostics for more information Sign Off e Knowledge Coach Keep program step sign off for workpapers created from existing workpapers Allows group members to keep program step sign off information in Knowledge Coach workpapers when copying and pasting binders creating new binders and copying and pasting workpapers e Delete another user s program step sign off Allows group members to delete the program step sign off or NA that was entered by another user Content e Add Knowledge Coach titl
49. in the workpaper itself mM Warning There are limited circumstances where a workpaper may change or become obsolete with the updated title version and a new workpaper needs to be manually inserted You will be notified via diagnostic when this is the case The new version of the workpaper will need to be inserted before the previous version is deleted or you will lose the work that was done prior to the update In some cases the data will be automatically transferred and in other cases you will have to manually transfer the data Click Close once all of the changes have been reviewed and accepted or rejected To view a general description of what has changed in the workpaper as compared to prior versions see details at Content Updates on page 35 or depending on the title refer to the RES 010 RES KCO or KCO 001 document for the appropriate title Advancing More than One Title Version In most cases you will not be able to skip a year when updating your title version Sometimes new workpapers are added In order to preserve your data the following steps should be performed to advance more than one title version 1 2 Select any available title on roll forward or update If there is a later title installed you will be alerted there is a more recent title available for update Open the binder and look for Obsolete Workpaper diagnostics Chapter 12 Updating to a Later Version of a Workpaper 56 Insert any workpapers indi
50. inder La Note When you synchronize a binder that contains Knowledge Coach workpapers and new content exists in the Knowledge Coach Content Library only the content associated with the binder will synchronize Resolving Duplicate Workpaper Conflicts After synchronization you may be warned of a duplicate workpaper conflict when opening a binder or attempting to work with a Knowledge Coach workpaper You are required to resolve Chapter 15 Synchronizing Knowledge Coach Workpapers 63 the conflict before working with the workpaper On the Duplicate Workpaper dialog you can see all workpapers in conflict and select the copy to keep If more than one workpaper is duplicated you will see multiple sections in the dialog separated by color Select one workpaper from each section to retain Information about each workpaper will be available to help you select which workpaper should be retained When deciding which workpaper to keep consider the following If both foundation and related workpapers are duplicated select workpapers from the same source If one set of foundation workpapers is deleted any related workpapers that went with that set of foundation workpapers will no longer function You will be notified of any non functioning workpapers via diagnostic e You must choose one workpaper from each section to resolve any conflicts You cannot resolve duplicate workpaper conflicts for one section and leave another section with conf
51. ing added to the list of Findings in the Results section of the audit program 3 Click Save to save the compliance requirement level risk The newly added risk appears in the Compliance Requirement Level Risks table in the KBA502S Summary of Risk Assessment over Compliance for the associated major program in the section for the associated compliance requirement If the risk is related to more than one compliance requirement the risk will be shown separately in each of the compliance requirements The risk also will be shown in the Risk Summary window and will flow to the substantive audit program for the compliance requirement to which it is associated LJ Note Use the drill down icon to get to the substantive audit programs from which you can link specific program steps to this compliance requirement level risk if desired For more details see Linking a Program Step to a Risk on page 54 Editing Risks To edit a risk do the following La Note You must be the current editor of KBA 502 Summary of Risk Assessments to edit a risk To edit a risk in the Risk Summary window do the following 1 Click Risk Summary from the Risk Assessment group on the Knowledge Coach ribbon to display the Risks Summary window 2 Select the desired risk 3 Click Edit Risk The Financial Statement Level Risk section or the Specific Risk section opens depending on the type of risk you selected Chapter 9 Risk Summary 46 To edit a risk in KB
52. k column for the program step you would like to link A list of risks appears which includes all financial statement level risks for the binder and all specific risks related to the particular audit area The last selection Other Relevant Assertion is shown in the event that you want to document the fact that the program step is being performed to satisfy a relevant assertion for the audit area instead of to satisfy an identified risk 3 Select one or more risks or select Other Relevant Assertion Click outside the floatie to close it The risk name is displayed in the Link to Risk column Also the program step name e g Receivables Analytical is shown in the risk summaries at the top of the substantive audit programs and in KBA 502 Summary of Risk Assessments Open diagnostics for Unaddressed Risk Program Step Not Linked to Risk or Relevant Assertion will be cleared Chapter 11 Linking Risks to Procedures 54 Chapter 12 UPDATING TO A LATER VERSION OF A WORKPAPER With Knowledge Coach you can update your workpaper to a later template at any time witha click of a button You don t have to manually compare your workpaper to the later version of the workpaper template to know you re working with the most recent information You don t even have to wait to roll forward your binder to get the later version of a particular workpaper La Note Knowledge Coach automatically replaces your workpaper with the later templ
53. ks such as managing workpapers looking up information and making sure data is entered in all the necessary locations Knowledge Coach takes care of this letting your auditors get back to auditing It also provides the following e Impressive increases in efficiency Knowledge Coach significantly reduces time spent on your engagements through dynamic planning tools flow of data throughout the application and workpapers and powerful roll forward capacity e Compliance with latest risk based audit standards Knowledge Coach quickly guides you through audit planning ensuring that your engagement is tailored to the specific entity and its risks It also facilitates your ongoing management of risks and program steps ensuring that all identified risks are addressed throughout the engagement e Reduction in the risk and cost of over audits Knowledge Coach links audit procedures to identified risks allowing your auditors to focus on needed steps and identify unnecessary ones e Dramatic improvements in accuracy Extensive diagnostics ensure completeness But with Knowledge Coach information that impacts more than one workpaper or step is flowed throughout the workpapers immediately and accurately There is no need to find and update affected areas manually risking incomplete or incorrect updating e Total flexibility With Knowledge Coach your audit plans are tailored to a specific entity using our Knowledge Based Audit guidance tailoring ques
54. le with the Knowledge Coach module Once one person in your firm downloads and releases a title the rest of your staff will receive the title via either the login process when the Office location is selected or via the synchronization process between Local File Rooms or with the Central File Room Chapter 2 Getting Set Up 6 Viewing Available Knowledge Coach Titles To view the Knowledge Coach titles that are available to you do the following 1 Launch ProSystem fx Engagement so that the Local File Room is displayed 2 Select Tools gt Knowledge Coach Titles 3 The Knowledge Coach Titles window displays Any Knowledge Coach titles that have been added to your system will be listed here along with details about the base title when CCH released the title the status of the title when your firm added the title and when it was released to the staff at your firm If you do not see any titles listed here it means that titles have not yet been added and or released See the following sections Downloading a Knowledge Coach Title below Adding a Knowledge Coach Title below and Releasing a Knowledge Coach Title on the facing page for more information Downloading a Knowledge Coach Title To download a Knowledge Coach title do the following 1 At the bottom of the Knowledge Coach Titles window click the View other available Knowledge Coach titles available for download link to launch the Knowledge Coach Support website where the
55. lick Find Diagnostic from the Diagnostics group on the Knowledge Coach ribbon The Diagnostics Pane can be moved and resized Diagnostics in the Binder Frame You can tell if a particular Knowledge Coach workpaper has open diagnostics by looking for the Open Diagnostics icon in the Diagnostic column next to each workpaper name in the binder frame Click the workpaper name to display the details of the diagnostics Chapter 13 Diagnostics 58 LJ Notes When you open a binder a message displays asking if you would like to refresh the diagnostics for your Knowledge Coach workpapers Choose one of the following Refresh diagnostics Updates the diagnostics for all workpapers in the binder Do not refresh diagnostics Keeps the current diagnostics for all workpapers in the binder Select Do not show this message again to stop the message from appearing when you open a binder If you select this option you have to manually refresh diagnostics when you open binders to get the latest diagnostics information Select Prompt when for Refresh all diagnostics when Knowledge Coach binder opens from the Tools Options menu in the File Room or binder frame to see the message automatically display when you open a binder To manually refresh the diagnostics right click on the Refresh Diagnostics item in the Diagnostics Pane and choose either Refresh diagnostics for this workpaper or Refresh diagnostics for the entire binder
56. lick menu from within a table only Chapter 5 The Knowledge Coach Ribbon 23 IMPORTANT ELEMENTS IN KNOWLEDGE COACH WORKPAPERS This section familiarizes you with the common elements of Knowledge Coach workpapers including the various links tips indicators and table elements Embedded Hyperlinks Most Knowledge Coach workpapers begin with introductory material that describes the purpose of the workpaper and related instructions Read this information to get familiar with the contents of the workpaper Once you are comfortable with the introductory material you can quickly skip the purpose and instructions by holding down the Ctrl key and clicking the Beginning of Form hyperlink at the top of the workpaper To revisit the introductory material use the Purpose and Instructions hyperlink to return to the top of the workpaper Several workpapers also include Next Steps which will help you decide where to go next with your work once you complete the documentation in the open workpaper Use the Next Step hyperlink to jump back to this section in the instructions Related Workpaper Links Throughout the body of Knowledge Coach workpapers you ll often see references to other Knowledge Coach workpapers that are related to the audit material in which you are working These are shown in blue italicized text To use related workpaper links do the following 1 Double click anywhere in the blue italicized text 2 If the rela
57. licts 022222eeeeececeeeeees 63 Chapter 16 Rolling Forward Knowledge Coach Binders 65 Keeping Answers to Questions 22000 c cece cece cece cece ce eeeceeeees 65 Keeping Row Customizations and Program Steps 22 222 67 How to Roll Forward a Knowledge Coach Binder 222 67 Chapter 17 Guidance _ 1 2 2 2 o oo cece ccc ccc cccccceccceeeeeeeeees 69 Knowledge Coach Guidance 22 e cece cece cece ceceeeeeeeeeeeees 69 Accessing Accounting Research Manager 2222222 22002eee eee 69 Contents ii Chapter 1 WELCOME TO PROSYSTEM FX KNOWLEDGE COACH Welcome to ProSystem fx Knowledge Coach the latest addition to the CCH suite of audit workflow and guidance software Developed from the ground up by auditors for auditors Knowledge Coach combines the industry specific content and guidance of ProSystem fx Knowledge Based Audit methodology with a dynamic audit workflow engine that streamlines your audit planning process and helps you efficiently manage an audit from beginning to end Knowledge Coach is not just a planning tool a workpaper generator or an audit workflow management tool It s all of these things and more The Next Level of Audit Efficiency Enable your auditors to get back to auditing with Knowledge Coach Unfortunately auditors are spending more and more of their time performing administrative tas
58. licts Workpapers that are not selected to retain will be automatically deleted As part of the delete process if you are not current editor of the unselected workpaper you will automatically take over that workpaper T Warning You can choose not to resolve a conflict and close the dialog however you cannot perform any Knowledge Coach functions or work with any Knowledge Coach workpapers until the conflict is resolved Chapter 15 Synchronizing Knowledge Coach Workpapers 64 Chapter 16 ROLLING FORWARD KNOWLEDGE COACH BINDERS You roll forward a binder that contains Knowledge Coach workpapers in much the same way you roll forward other Engagement binders You can manage whether workpapers are replaced with a later version of the template and how information you provided in the workpapers is treated in the binder for the next period To modify the roll forward settings of a workpaper do the following 1 Select a Knowledge Coach workpaper and click File gt Properties The Workpaper Properties window displays 2 Modify to the settings and click OK For more information see Keeping Answers to Questions below and Keeping Row Customizations and Program Steps on page 67 Keeping Answers to Questions The Knowledge Coach workpapers have already been analyzed to determine in which areas of the workpapers you are likely to want to keep your information from period to period and in which areas you will want to answer from
59. mary of Risk Assessments to add a risk To add a financial statement level risk do the following 1 Select Add Risk gt Financial Statement Level Risk from the Knowledge Coach Ribbon or click Risk Summary to display the Risks Pane and then select the Financial Statement Level Risk section 2 Complete the following fields Risk name Required This name will be used when you link program steps to the risk mM Warning You cannot enter the pound sign or the pipe symbol in the Risk name field Risk description Required This box has a maximum of 512 characters Type of risk Required See the instructions in KBA 502 Summary of Risk Assessments for more information on factors to consider in determining whether a risk is significant and or may be related to fraud Planned overall response Possible responses to risks at the financial statement level are listed in the instructions to KBA 502 Summary of Risk Assessments and incorporate guidance from SAS 99 You ll need to enter information here in order to clear the Unaddressed Risk diagnostic for a particular risk Workpaper identified in The open workpaper is selected as the default but you can change this In audit programs this selection results in the risk being added to the list of Findings in the Results section of the audit program 3 Click Save to save the financial statement level risk The newly added risk will appear in the Financial Statement Level Risks
60. mple in order in insert a custom audit program you must first set up a new custom audit area Chapter 3 Getting Started with Knowledge Coach Workpapers 16 3 Select the workpaper you want to add The Associate Workpaper with Custom Value window appears listing all of the valid items from which to choose La Note If you have not completed sections in other workpapers that store the custom values you receive an error message that the workpaper cannot be inserted without completing additional information in your binder The Description field provides directions about what information to complete Select the item to associate with the workpaper you are inserting and click OK 5 If you are inserting a custom audit area you will be prompted to select a Program Step Library to help populate the audit program If you want to use steps that exist in a Program Step Library for another non custom audit area select that audit area If the steps are unique and not included in another non custom audit area select N A 6 The New Knowledge Coach Workpaper window now displays the custom value you selected in place of Custom at the end of the workpaper name LJ Note If you have created multiple custom values e g more than one custom audit area you can create the forms you need all at once by associating the workpaper with multiple items Once you have associated a particular custom value with a workpaper it will no longer be ava
61. mple note disclosures or materiality calculations Resources refer you to authoritative literature e g references to Statement on Auditing Standards SAS Do Not Delete Indicators When a section of a Knowledge Coach workpaper does not need to be completed due to the way you answered a tailoring question that section is hidden in the workpaper In its place you will see text with a gray background that says Do not delete this area of workpaper Do not delete this area of work paper LJ Note These sections contain information that Knowledge Coach requires in order to build the workpaper correctly If one of these sections is inadvertently deleted do the following 1 Close the workpaper that contains the deleted section 2 Select the workpaper in the binder frame and select Tools gt Repair Knowledge Coach Workpaper This will regenerate the Knowledge Coach workpaper for you Information provided in the workpaper answers to questions customizations to rows program steps sign offs diagnostic states etc will be kept intact and transferred to the repaired workpaper as long as that information had been saved in the workpaper Chapter 6 Important Elements in Knowledge Coach Workpapers 25 Warning Customizations you make outside of Knowledge Coach tables will not be retained in the repaired workpaper Therefore if you have made a significant number of customizations to instructional text or other information
62. n page 10 for more information Unreleasing a Knowledge Coach Title You may decide that you want to take a particular version of a Knowledge Coach title out of circulation in your firm so that no new Knowledge Coach workpapers will be created from it For example when a new version of a Knowledge Coach title is released you may want to take the previous version out of circulation By unreleasing previous versions of a title you can ensure that your staff will insert new workpapers from only the latest version of the title To unrelease a title do the following 1 Launch ProSystem fx Engagement so that the Local File Room is displayed 2 Select Tools gt Knowledge Coach Titles The Knowledge Coach Titles window displays 3 Select the Knowledge Coach title that you want to unrelease 4 Click Unrelease Title and then click Yes to confirm the decision The status changes from Released to Installed La Note You must have appropriate staff group rights to unrelease a Knowledge Coach title See Staff Group Rights on page 5 for more information Chapter 2 Getting Set Up 9 GETTING STARTED WITH KNOWLEDGE COACH WORKPAPERS Content Used in Knowledge Coach Knowledge Coach supports Microsoft Word 2007 2010 or 2013 and Microsoft Excel 2007 2010 or 2013 for displaying and using content from industry specific Knowledge Coach titles These titles are based on the Knowledge Based Audit methodology developed by CCH authors To r
63. ogram Custom you will be asked to associate the audit program workpaper you are inserting with a custom audit area you have set up in AUD 100 Tailoring Questions Workpaper See Associate Workpaper on page 16 for more detail Once you have added major programs in KBA 101 or AID 303 and navigate back to the Insert screen secondary foundation workpapers can be found in Single Audit titles These workpapers include KBA 502 AID 501 and KBA 103 Y Tips To get to a workpaper quickly expand a category and put your focus in the list of Knowledge Coach workpapers by highlighting one of them Then quickly type the first few characters of the workpaper index e g AUD This takes you to the next instance of a workpaper starting with those characters within the expanded category 1Workpapers that are always needed in the binder in order for the flow of information to work properly between workpapers and for the binder to comply with auditing standards Chapter 3 Getting Started with Knowledge Coach Workpapers 11 8 To insert more than one copy of an AUD 800 series audit program i Create a Custom Audit Area in AUD 100 e g Cash 2 see Adding a Custom Audit Area on page 38 ii Select the custom audit area in the dialog iii Open the Insert Workpaper dialog and insert the custom audit program AUD 800 iv Select the custom audit area that you added in step ii v Select which audit area you want to use to pop
64. ogram steps are added to the workpaper P Notes The program steps that you added will continue to have the checkmark next to them in the Program Step Library so that you can always see which steps are in your workpaper To quickly locate a step in the Program Step Library select a step or sub step within the workpaper and using the Audit Programs group on the Knowledge Coach ribbon click Program Step Library gt Find Step The step or sub step will be highlighted in the Program Step Library Pane You can also drag steps into the Program Step Library Modify a Program Step in the Workpaper Once steps have been added from the Program Step Library to the workpaper you can customize the text of any step so that it fits your engagement To modify a step do the following 1 Locate the table in a substantive audit program that contains the program steps that have been added See Add Steps from the Program Step Library on the previous page for more information 2 Edit the step directly in the table in Microsoft Word 3 Click out of the cell you have edited A customization icon is displayed in the Program Step Library to the right of each program step name main program step or sub step that has been modified P Notes If you float your mouse over the step in the Program Step Library you will see a tooltip that says Customized Step f you have selected to include the Program Step Library from an existing non cu
65. ogram you open for the various audit areas is the same This includes custom audit programs you create for the custom audit areas in your binder For more details about custom audit programs see Audit Areas on page 37 and Associate Workpaper on page 16 LJ Note When inserting a custom audit program you have the option to select a Program Step Library from an existing non custom audit area to begin building the program If an area is selected the program steps from that library will be available and the tailoring questions and audit objectives will be populated based on the audit area selected If you do not choose a Program Step Library the custom audit program will not contain any program steps in the library when it is created It also will not contain tailoring questions or the ability to mark steps as Not Applicable based on how questions are answered You will build the program steps from scratch in these custom audit programs Program Step Library The Program Step Library Pane displays all the program steps for a particular industry title so that you can build and customize the audit program for each audit area and or compliance requirement When you answer the tailoring questions in each audit program workpaper Knowledge Coach uses your answers to determine which program steps are applicable and which program steps are not applicable The Program Step Library Pane is available only within the substantive audit programs which are f
66. ondence Documents CORs Auditor s Reports RPTs or Resource Documents RESs How to Roll Forward a Knowledge Coach Binder To roll forward a binder that contains Knowledge Coach workpapers 1 Select the binder to roll forward Click Tools gt Roll Forward Binder The Roll Forward Binder Wizard displays 3 Follow the on screen directions on the Roll Forward Binder Wizard The Knowledge Coach workpapers are rolled forward along with your other Engagement workpapers 4 Wait a few minutes for the binder to refresh This will ensure you are working with the most current information in all of your Knowledge Coach workpapers Chapter 16 Rolling Forward Knowledge Coach Binders 67 Warning After you roll forward a binder that contains Knowledge Coach workpapers make sure to refresh the diagnostics and other data by choosing Yes when you are prompted when you open the binder after the roll forward Alternatively right click the Refresh Workpaper Diagnostic in the Diagnostics pane and select Refresh Diagnostics for the Entire Binder This ensures that the resetting of information flow is properly refreshed If you do not do this you may see prior period information appear in workpapers if you open a workpaper out of the order of its information flow since the data retention settings do not take effect until you open each workpaper LJ Note You can modify the roll forward settings of Knowledge Coach workpapers and select the appropria
67. onses or Reset all responses in the Workpaper Properties window These settings are not applicable to Knowledge Coach Excel workpapers Correspondence Documents CORs Auditor s Reports RPTs or Resource Documents RESs as they do not contain answer selection boxes or floaties Saving Knowledge Coach Answers If Microsoft Word or Engagement experienced an unexpected shutdown while the current editor was editing a read only workpaper complete the following in order to save your Knowledge Coach answers In the Binder view select Tools gt Save Knowledge Coach Answers gt z Warning If working in Microsoft Word this option must be selected before re opening the workpaper that experienced a problem If working in Engagement this option must be selected after opening Engagement but before re opening the workpaper that experienced a problem For read only workpapers this option must be ran before the workpaper is closed or the data will not be saved _ Note If you attempt to close or save a read only workpaper and are the current editor o Note If l d onl k d h di f the workpaper a read only message will appear You must select Save Knowledge Coach Answers before selecting OK on the read only message Chapter 16 Rolling Forward Knowledge Coach Binders 66 Keeping Row Customizations and Program Steps You can choose how changes to rows in Knowledge Coach tables are handled when you roll forward your
68. ound in the 800 Series of workpapers whose index number and name are specific for each KC Title For example AUD 800 Audit Program Custom through AUD 818 Audit Program Share Based Payments in the clarified version of the Commercial title View Available Program Steps Program steps for each audit area are displayed in the Program Step Library Pane To see the program steps open a substantive audit program AUD 800 Audit Program Custom through AUD 818 Audit Program Share Based Payments in the clarified version of the Commercial title The Program Step Library Pane opens on the right hand side of the screen Chapter 10 Audit Programs 48 The audit area is displayed at the top of the screen A short name is displayed for each of the program steps for the audit area industry title so you can quickly see what steps are available Expand each program step name by clicking on the plus sign next to the program step to view the full text of the program step The right hand column displays the assertions for each program step The assertions are as follows e EO Existence or Occurrence RO Rights or Obligations CO Completeness AV Accuracy Valuation or Allocation e CU Cut Off e UC Understandability or Classification Notes The assertion definitions change with the clarified version of the titles f the Program Step Library pane is closed and you want to reopen it click Program Step Library from the Au
69. outside of tables you should copy the workpaper to another binder before you repair the workpaper so that you can make the changes again in the repaired workpaper i Tip Save your work in Knowledge Coach workpapers often by selecting File gt Save Knowledge Coach Tables Most of the interactive information you ll need to work with in Knowledge Coach is provided in the form of tables in Microsoft Word This section explains some of the important elements of Knowledge Coach tables Answer Selection Boxes Floaties You will choose answers to questions in Knowledge Coach tables using an answer selection box that floats over the table to show the available choices therefore these boxes are informally called floaties Knowledge Coach uses prompts that say choose an item or choose all that apply in areas where floaties are located To use a floatie do the following 1 Click the text prompt that says choose an item or choose all that apply The floatie appears listing the choices for your answer in the form of radio buttons a drop down menu or checkboxes 2 Use your mouse to select your choice or choices 3 Once you have clicked out of the floatie your answer appears in read only text 4 Wait a few seconds for your workpaper to refresh A progress indicator displays p Warning While the workpaper is being refreshed you cannot perform any functions in Microsoft Word Chapter 6 Important Elements
70. owed by the date that your firm added the title e g 7 18 14 Chapter 3 Getting Started with Knowledge Coach Workpapers 10 La Notes You will not see the Base Title in the Industry List since workpapers are not inserted from the Base Title Titles that have been added to the database can be viewed by any user However only a user with appropriate staff group rights has the right to insert workpapers from unreleased titles For more information see Getting Title Content on page 6 After you insert Knowledge Coach workpapers into a binder you will be able to update to a later version when it is available See Chapter 12 Updating to a Later Version of a Workpaper on page 55 for more information 4 Select Add Independent Workpapers without Foundation Workpapers if you are inserting only independent workpapers from another title into this binder 5 Expand a category to display the workpapers contained within it 6 Select the workpaper s you want to add When you highlight a workpaper its description displays to the right La Notes The first time you insert Knowledge Coach workpapers the foundation workpapers are selected automatically and cannot be deselected For more information see Foundation Workpapers on page 15 Some workpapers require an association to be made between the workpaper and information that has been provided in other workpapers For example if you try to insert AUD 800 Audit Pr
71. owledge Management Based Audit Title Insert Knowledge Coach workpapers X Open Knowledge Coach workpapers X Add edit and delete risks X X X View Risk Summary X X X Answer questions within Knowledge Coach x x x workpapers Edit various fields within Knowledge x x x Coach workpapers Insert and delete rows and columns within x x x Knowledge Coach workpapers View and navigate the Program Step x x Library Add and remove program steps from the x x x Program Step Library to an audit program Add custom program steps modify CCH X X X Chapter 2 Getting Set Up 4 License Required Specific Knowledge Function Engagement Knowledge Coach Workpaper Management Based Audit Title provided steps and delete program steps Sign off on program steps mark them as X X N A or remove sign off information i Use drill down functionality between Knowledge Coach workpapers and X X diagnostics Delete diagnostics X X Insert workpapers from missing workpaper x x diagnostics Update a Knowledge Coach workpaper to x x x a later version Override data retention options for Knowledge Coach workpapers for binder X X X roll forward For information about adding licenses in the Engagement Administrator module and assigning licenses to staff see the Engagement Administrator Help file Staff Group Rights Specific staff group rights are available to help your firm control which of your staff members have access to certa
72. pers together as a set If any related Knowledge Coach workpapers are selected for synchronization all related and Foundation workpapers will also be synchronized automatically See Related Workpaper Links on page 24 and Foundation Workpapers on page 15 for more information When synchronizing from an open binder all Knowledge Coach workpapers must be closed If you are synchronizing with another local file room the Knowledge Coach workpapers in the remote binder must also be closed c Synchronization of Knowledge Coach workpapers will be canceled if there are sets of workpapers from the same title of a different version Any conflicts will need to be resolved before you can synchronize the binder Multiple instances of a single instance workpaper will be detected after the synchronization process has been completed and you open the binder or perform any Knowledge Coach function Any duplicate workpaper conflicts will need to be resolved before you can perform any Knowledge Coach function After synchronizing Knowledge Coach workpapers you should manually refresh the diagnostics in the binder to ensure you are working with the latest diagnostic information You will be prompted to refresh the diagnostics and other data when you open the binder after synchronization Alternatively in the Diagnostics Pane right click on the Refresh Diagnostics item and choose either Refresh diagnostics for this workpaper or Refresh diagnostics for the entire b
73. place inrol Use roll forwar v Complete the following fields as applicable Index Enter an index number for each workpaper if necessary Workpaper Name Required You can edit the default workpaper name if necessary Associated values such as audit areas specialists service organizations etc will be appended to the workpaper name when applicable See Associate Workpaper on page 16 for more information Tab Location Select the tab where you want to insert each workpaper The default is the tab you selected in step 1 Chapter 3 Getting Started with Knowledge Coach Workpapers 12 9 Select from the following Roll Forward options Include in Roll Forward The workpaper appears in the new binder created for the new period Replace in the Roll Forward with later Knowledge Coach content The Knowledge Coach content will be replaced by a later version when the workpaper is opened in the new rolled forward binder This is the default selection For more details on information that will be retained see Chapter 12 Updating to a Later Version of a Workpaper on page 55 P Notes 2 If at least one related workpaper is set to be replaced with the later version then all related workpapers will be updated to the later version when the binder is rolled forward For more information and a list of related workpapers for the Commercial title see Related Workpapers on page 55 e All roll forward options can be change
74. s Risk AUD 815 Audit P Estimates and Co Program Steps to Address Risk If New Consider KBA 201 Engagement Acceptance and Continuance Form Section Communication With Predecessor Accountants AUD 201 Audit Program Additional Audit Procedures for an Initial Audit If Recurring Consider KBA 201 Engagement Acceptance and Continuance Form Section Communication With Predecessor Accountants Consider Workpaper When KBA 101 Overall Audit Strategy Test Operating Effectiveness Revenue Accounts Receivable and Cash Receipts is Yes Recommend Answer If Significant Class or Transaction is Yes and both Material Account and Significant or Fraud Risk are No then recommend answer Understand Controls Directly Related to the Risk otherwise Understand Process and Related Controls Initiation through Reporting If Significant Class or Transaction is No and Significant or Fraud Risk is Yes then recommend answer Understand Controls Directly Related to the Risk If Significant Class or Transaction is No Material Account is Yes and Significant or Fraud Risk is No then recommend answer Understand Reconciliation Process and Controls Only If Significant Class or Transaction Material Account and Significant or Fraud Risk are No then recommend answer None Chapter 7 Tips Pane e 34 Heading in Answer Details That are Displayed Example Pane Program steps that
75. s the Tips Pane by selecting Tips from the Guidance group on the Knowledge Coach ribbon Three elements display in the Tips Pane Tips Answer Effects and Content Updates Li Note You can drag the Tips Pane to another monitor and then resize it as desired Double click on the heading to dock it back to the original location When you see the Tips icon in a Knowledge Coach workpaper you can view a Tip for that section Tips include additional guidance for completing checklists audit programs and forms Click the light bulb to display the Knowledge Coach Tips Pane with the Tip for the associated section There are three categories of Tips Practice points provide additional guidance to assist you in completing Knowledge Coach workpapers e Examples are illustrations or sample calculations related to an element in the Knowledge Coach workpaper e g sample note disclosures or materiality calculations e Resources refer you to authoritative literature e g references to Statement on Auditing Standards SAS Answer Effects The Answer Effects tab on the Tips Pane provides transparency so that you know how Knowledge Coach treats the audit information in your binder in terms of logic and flow It lists how the selected content affects other workpapers or other sections of the open workpaper It also lists how the selected content is affected by other workpapers or other sections of the open workpaper Chapter 7 Tips Pane e 32 A
76. scratch each period You can use these default roll forward settings if you wish by leaving the Data Retention Option set to Use response roll forward setting To see the cells a particular table in a Knowledge Coach Word workpaper that are set to be kept do the following 1 Click anywhere inside the table 2 Click Roll Forward Settings gt View Responses Set to Keep on the Complete Cells group on the Knowledge Coach ribbon 3 Wait a few seconds for the workpaper to refresh In each of the cells for which the default roll forward setting is keep the Keep Upon Roll Forward icon is displayed Chapter 16 Rolling Forward Knowledge Coach Binders 65 To see the cells a particular table in a Knowledge Coach Word workpaper that are set to be reset do the following 1 Click anywhere inside the table 2 Click Roll Forward Settings gt View Responses Set to Reset on the Complete Cells group on the Knowledge Coach ribbon 3 Wait a few seconds for the workpaper to refresh In each of the cells for which the default roll forward setting is reset the Reset Upon Roll Forward icon is displayed Notes All of the cells within a column will have the same setting either keep or reset You can continue working in the Knowledge Coach workpaper while the roll forward setting icons are displayed You can override the default roll forward response settings at the workpaper level by choosing either Keep all resp
77. see Audit Areas on page 37 and Associate Workpaper on page 16 Since you are not permitted to have duplicate copies of certain Knowledge Coach workpapers for example KBA 101 Overall Audit Strategy you will not be able to copy these workpapers if the workpaper already exists in the binder into which you are pasting Chapter 14 Copying and Pasting Knowledge Coach Workpapers 61 If you copy a related Knowledge Coach workpaper into a binder that does not yet contain Knowledge Coach workpapers all related workpapers for the selected title family will be pasted into the target binder If the target binder does contain Knowledge Coach binders for that title family any related workpapers that do not exist in the target binder will also be pasted See Related Workpaper Links on page 24 for more information If you copy independent workpapers only related workpapers and the foundation workpapers will not be copied Only the selected independent workpapers will be copied in the binder into which you are pasting Chapter 14 Copying and Pasting Knowledge Coach Workpapers 62 Chapter 15 SYNCHRONIZING KNOWLEDGE COACH WORKPAPERS Synchronizing Knowledge Coach workpapers works the same as other Engagement workpapers with a few important differences as follows Since Knowledge Coach workpapers are tied together through the logic tailoring information flow and diagnostics you must synchronize certain Knowledge Coach workpa
78. steps to the risk mM Warning You cannot enter the pound sign or the pipe symbol in the Risk name field Risk description Required This box has a maximum of 512 characters Type of risk Required See KBA 502 Summary of Risk Assessments for more information on factors to consider in determining whether a risk is significant and or may be related to fraud A risk may also require tests of controls where substantive tests alone are not sufficient Audit areas affected by the risk Required Select one or more audit areas that are impacted by the risk All audit areas are shown here including custom audit area you have added Cash transaction cycle Required for audit areas Cash and Other Revenues and Expenses Select which cash transaction cycle applies to the identified risk Relevant assertions Required Choose from the following e EO Existence or Occurrence e RO Rights and Obligations Chapter 9 Risk Summary 42 e CO Completeness e AV Allocation or Valuation e CU Cutoff e UC Understandability or Classification Note The assertion definitions change with the clarified version of the titles Controls if any that mitigate specific risk Evaluate the design of controls for each significant risk or fraud risk The magnitude of a risk depends in part on whether controls are in place to mitigate those risks Combined risk assessment Inherent Risk IR is combined with Control Risk CR
79. stom audit area customizations within each workpaper are independent of other workpapers using the Program Step Library for that audit area If you customize the step in one audit program it is not automatically customized in the other audit programs Add a Custom Program Step You may want to add your own program steps to a substantive audit program to customize the procedures to fit the needs of your engagement Chapter 10 Audit Programs 50 To add a custom step do the following 1 Locate the table in a substantive audit program that contains the program steps that have been added Select the program step under which you would like to insert your new custom program step La Note If you would like to add a custom step to an audit program where no program steps have been added click on the row that says No program steps have been added This is especially applicable to AUD 800 Audit Program Custom as no program steps can be added to this workpaper from the Program Step Library if a Program Step Library was not selected for the custom audit program you must create custom steps in these custom audit programs Add the custom step by doing one of the following Using the Audit Programs group on the Knowledge Coach ribbon click Program Step Library gt Modify gt New Custom Step Using the Table group on the Knowledge Coach ribbon and clicking Rows gt Insert Row Above or Insert Row Below The Insert Knowled
80. stored and used within the application Restrictions are put in place to protect the integrity of your data and include the following Copy paste You can copy paste text inside of Knowledge Coach Word tables but that text will be pasted as unformatted You cannot copy paste responses to questions from answer selection boxes floaties You also cannot copy entire rows of information program step rows etc to other tables If you attempt to copy and paste restricted information and your workpaper becomes unusable you can repair the workpaper Undo redo The undo and redo functions are not available for Knowledge Coach Word workpapers even though the ribbon icon might be illuminated in Word Therefore exercise caution when deleting a row or when accepting the confirmation message to change or reset an answer as you will not be able to undo these decisions Chapter 6 Important Elements in Knowledge Coach Workpapers 30 Insert Ribbon Items in the Tables Illustrations and Text groups on the Insert tab of the Microsoft Word ribbon are disabled when you are working in a Knowledge Coach table You may insert these items outside of a table however you should not overwrite existing text or tables Chapter 6 Important Elements in Knowledge Coach Workpapers 31 Chapter 7 Tips TIPS PANE Information that supplements the content in Knowledge Coach workpapers in Microsoft Word is displayed in the Tips Pane Acces
81. t of the Communication Hub workpapers are also foundation workpapers The entire group of foundation workpapers drives the direction of your audit and guides you through determining the required areas for your audit These workpapers are a required part of every Knowledge Coach binder because they allow information and logic to flow between workpapers Depending on the title refer to the RES 010 RES KCO or KCO 001 document for a list of workpapers for the appropriate title Associate Workpaper Some workpapers require you to associate them with custom values such as audit areas specialists service organizations and other items Workpapers require an association when you need to have more than one instance of a particular Knowledge Coach workpaper in your binder for each type of item to which the workpaper is related Making this association allows Knowledge Coach information to flow properly between workpapers Depending on the title refer to the RES 010 RES KCO or KCO 001 document for a list of workpapers for the appropriate title Inserting a Workpaper that Requires an Association To insert a workpaper that requires an association do the following 1 Follow steps 1 4 in Inserting Knowledge Coach Workpapers on page 10 2 Select one of the workpapers listed above that require an association Its name and description display to the right along with information on what data is required prior to inserting the workpaper For exa
82. t u stioi AUD 101 Overall Audit Program q Program Step Client Continuance Procedures Prior Year Engagement Information KBA 101 Overall Audit Strategy Question Do we expect to use audit evidence obtained in prior audits e g audit evidence related to tests of controls Chapter 7 Tips Pane 33 Heading in Answer Pane Content Shown When Flow Answer To Flow Answer From Workpaper to Consider Consider Workpaper When Recommend Answer Details That are Displayed Questions that cause the selected content to show Other areas in the workpapers to which the selected content will flow Where the selected content is flowing from Specific workpapers that are recommended for consideration based on how the question is answered Questions that cause the open workpaper to be considered Questions that cause the selected question to have answers that are recommended Example Content Shown When Row for each audit area displayed in Scoping Table where the Significant Class or Transaction is Yes Flow Answer To KBA 502 Summary of Risk Assessments Assertion level risk table in the column for inherent risk for the matching assertion in the matching audit area Flow Answer From UD 300 it P Custo Program Steps to Address Risk AUD 301 Audit Program Cash through AUD 314 Audit Program Journal Entries and Financial Statement Review and AUD 318 Audit Program Blank Program Steps to Addres
83. tantive audit programs are set to Keep all responses but KBA 102 Engagement Completion Document is set to Reset all responses you will still see the data in KBA 102 Engagement Completion Document that flows in from the substantive audit programs Chapter 3 Getting Started with Knowledge Coach Workpapers 13 11 Select the following row customization and program step options as applicable La Note The following options are not applicable to Excel Knowledge Coach workpapers Merge Row Customizations The new Knowledge Coach workpaper will merge the new content with information about the rows that were added to or deleted from the original workpaper as well as text changes to rows in the original workpaper These items can be reviewed when you open the rolled forward workpaper in the new binder La Note This option does not apply to audit programs Custom steps in audit programs can be identified in the program step library Keep Program Steps The Knowledge Coach workpaper will retain the program steps in the workpaper that are added from the Program Step Library This option is available only for audit programs for the substantive audit areas where the Program Step Library is used e Keep Custom Program Steps Program steps you create from scratch in audit program workpapers will be kept in the new workpaper This option is available only when the Keep Program Steps option is selected e Keep Modified Program Steps
84. te later version if applicable during the Roll Forward process Chapter 16 Rolling Forward Knowledge Coach Binders 68 Chapter 17 GUIDANCE Knowledge Coach Guidance To obtain supplemental guidance related to a Knowledge Coach title do the following 1 2 Open any Knowledge Coach workpaper Click KC Guidance on the Guidance group on the Knowledge Coach ribbon A help file displays This help file contains the same content as RES 001 KBA Methodology Overview It also contains workpaper specific help including tip information content updates and answer effects Accessing Accounting Research Manager To access Accounting Research Manager ARM from within a binder do the following 1 2 3 4 Open the binder Select Guidance on the Shortcut bar Click the Accounting Research Manager icon Enter your User Name and Password and click OK You do not have to enter your User Name and Password if it has been entered in your staff profile in Engagement Administrator You can also access Accounting Research Manager by going directly to http www accountingresearchmanager com Chapter 17 Guidance 69
85. ted workpaper is already in your binder the workpaper will be opened for you LJ Note Related workpaper links in Knowledge Coach only look for other Knowledge Coach workpapers in the binder The system cannot recognize or open any Knowledge Tools versions of workpapers from related workpaper links in Knowledge Coach Chapter 6 Important Elements in Knowledge Coach Workpapers 24 Tips 3 If the related workpaper is not already in your binder you will be asked if you would like to insert it Do the following a Click Yes to insert the workpaper into your binder The New Knowledge Coach Workpaper window displays with the related workpaper selected b Click OK The Selected Workpaper Properties window displays For more details on this screen see Inserting Knowledge Coach Workpapers on page 10 Click OK The system asks if you would like to open the workpaper Click Yes to launch the workpaper When you see the Tips icon in a Knowledge Coach workpaper you can view a Tip for that section Tips include additional guidance for completing checklists audit programs and forms Click the light bulb to display the Knowledge Coach Tips Pane with the Tip for the associated section There are three categories of Tips Practice points provide additional guidance to assist you in completing Knowledge Coach workpapers e Examples are illustrations or sample calculations related to an element in the Knowledge Coach workpaper e g sa
86. this question will drive the contents of many other foundation workpapers by dynamically adding sections for each audit area you designate as applicable In the floatie for this question there is a list of audit areas specific to the industry title in which you are working Select the audit areas for your engagement here You can add edit and delete custom audit areas for the entity Access the Audit Areas window by clicking Customize audit areas Chapter 8 Tailoring Your Workpapers 37 H Tip In order to add multiple copies of an audit program create additional copies of an audit area by adding custom audit areas See Inserting Knowledge Coach Workpapers on page 10 for more information on inserting multiple copies of an audit program Adding a Custom Audit Area 1 Click Add The Add Audit Area window displays 2 Provide a name for the new audit area Keep the name to under 30 characters 3 Click Add on the Add Audit Area window The new audit area displays in the Available audit areas box with a Custom Item icon to the right 4 Click OK to save the new audit area The new audit area will appear at the bottom of the available audit areas in the floatie 5 Select the checkbox next to the new audit area in the floatie to include it in your applicable audit areas and click out of the floatie to save your selection Renaming an Audit Area 1 Select a custom item If you are not sure which areas are customized check for the P
87. tions and your auditor s professional judgment Changes are maintained through roll forward and content updates Chapter 1 Welcome to ProSystem fx Knowledge Coach 1 e Transparency Knowledge Coach tells your auditors what it is doing through drill downs workflow links diagnostics and descriptions of the effects of answers on your workpapers Chapter 1 Welcome to ProSystem fx Knowledge Coach 2 Chapter 2 GETTING SET UP You must complete a few administrative steps to set up your firm for Knowledge Coach This section covers these setup tasks Installation Knowledge Coach is a module that works within the Engagement application In Engagement version 6 0 and higher you can choose to install the Knowledge Coach module During the installation process select Knowledge Coach on the Custom Setup page of the InstallShield Wizard Knowledge Coach requires the use of the Microsoft Office 2007 2010 or 2013 platform so you can enjoy the features of Word and Excel to which your staff is accustomed P Note If you have already installed Engagement 6 0 or higher and did not originally select the Knowledge Coach module go to Control Panel and select to Modify the Engagement application from the Programs group Ports Engagement transfers data over the following ports SQL Server PROFXENGAGEMENT TCP port 2029 UDP port 1434 PFXSYNPFTService TCP port 6735 PFXEngDesktopService TCP port 6736 PfxConfig
88. ulate your custom audit program The audit objectives tailoring questions and Program Step Library will be populated to create a second blank version of the audit program for that audit area You can add multiple custom audit programs and audit areas at one time if you have created multiple custom audit areas Click OK After all the workpapers have been created the Selected Workpapers Properties dialog displays listing all of the workpapers you have selected Selected Workpapers Properties xi Select a document and enter an index and name to uniquely identity each workpaper within the binder You may also modify the oe beg cee filing each workpaper or change the roll forward option Edit options for multiple workpapers at once through Important Note If you have at least one Knowledge Coach workpaper set to replace with later title then all related workpapers will be automatically replaced with the later title Click Help for the Est of related workpapers Index Workpaper Name Tab Location Rol Forward Responses Merge Row RES 001 KBA Methodology Overview Unfilled Workpapers S j KBA 102 Information for Substantive An Unfiled Workpapers Replace in rofl Use roll forwar v KBA 105 Summary of Misstatement and Unfiled Workpapers Include in Roll AUD 801 Audit Program Cash Unfiled Workpapers Replace in roll Use roll forwar v AUD 803 Audit Program Accounts Rece Unfiled Workpapers Re
89. will be marked as Not Applicable N A N A K If No Mark Program Step N A Buea in the Program Step Library s Pane when the selected Steps nono question is answered a certain way Investments at Cost Viewing the Details of Each Answer Effect To view the details of each answer effect listed click on the answer effect i e Show Content The information will be shown in the bottom section of the Tips Pane In the case of Microsoft Excel workpapers the answer effects are displayed similarly as in Microsoft Word To view answer effects while in Microsoft Excel do the following 1 In a Knowledge Coach Excel workpaper select the Answer Effects item from the Guidance group on the Knowledge Coach ribbon 2 The Tips Pane will open with the Answer Effects tab pre selected 3 Answer effects in Microsoft Excel will display workpaper level answer effects for when the workpaper should be considered You can also access a complete list of the answer effects for a particular workpaper from the KC Guidance item accessed from the Knowledge Coach ribbon in either Microsoft Word or Excel Follow these steps 1 In a Knowledge Coach workpaper select the KC Guidance item from the Guidance group on the Knowledge Coach ribbon The HTML Help file will display 2 From the Contents tab on the left hand side select the open workpaper by clicking on the purple book using the index and workpaper name as a guide 3 Select the Answer
90. workpapers You can also choose how program steps in substantive audit programs are treated Row Customizations If you choose to Merge Row Customization any rows that are added to or deleted from the current workpaper as well as text changes to rows within tables will be merged with the content from the new Knowledge Coach workpaper when it is created These items can be reviewed upon opening the rolled forward workpaper in the new binder La Note This option does not apply to audit programs Custom steps in audit programs can be identified in the program step library Keeping Program Steps If you choose to Keep Program Steps the program steps in the workpaper that were added from the Program Step Library will be retained in the new workpaper This option is only available for audit programs for the substantive audit areas where the Program Step Library is used If you choose this option two other options are available Keep Custom Program Steps Custom program steps you create from scratch in audit program workpapers will be kept in the new workpaper Keep Modified Program Steps Modifications you make to added program steps in audit workpapers will be kept in the new workpaper Note If a step is removed in a later version of Knowledge Coach modifications for that step are not kept LJ Note Row customization and program step retention settings are not applicable to Knowledge Coach Excel workpapers Corresp

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