How do I use ChangeGPS Workpapers as part of my year end workflow?

“One way” of doing things across your entire firm maximises your production and minimises your review time

Why use workpapers?

APES 320 sets the standards for members in public practice to establish and maintain a system of quality control in their firms; in respect of the provision of quality and ethical Professional Services. This includes ensuring consistency of engagement performance, supervision and review responsibilities.

Using ChangeGPS workpapers available to Core Lite and Core Pro subscribers, is a key part of your quality control system giving you a high level of assurance that you didn't miss anything during year end.

Use ChangeGPS workpapers to align your workflow with best practices by:

• Proving your team has considered the key issues they should have for each client file
• Proving your team's work has been properly reviewed
• Being able to switch work between team members and keep a common way of doing work in your entire office

Our Excel workpapers strike the accountant's perfect balance between standardisation and flexibility:

• Easy to use for reviews
• Easy to add your own custom items
• Easy to get all your team using them
• Easy data entry and calculations: enter data in the LIGHT GREY cells ONLY.

What's new in ChangeGPS's Business Workpapers & Checklists

• All items/tabs in the index are now open by default
• Added a new Loss Carry Back tab 🆕

• Your client’s ATO Tax Liabilities should be recorded at year end on their Balance Sheet and our 2022 Financial Statement Review Checklists help prompt your team to ensure this always happens!

• Financial Statements Review Checklist also now includes updated Depreciation references and checks

• The Income Tax Reconciliation now includes Trust/Partnership distributions and calculations section