Skip to main content

Legal

Tax & Accounting

Trade & Supply

Risk & Fraud

News & Media

Books

Developers

Best practices

Using PPC's Practice Aids™ with ProSystem fx® Engagement

Many customers have enjoyed the benefits of using PPC’s Practice Aid documents with popular paperless engagement software packages.  Although not as tightly integrated as Engagement CS, part of the CS Professional Suite from Thomson Reuters packages such as ProSystem fx Engagement can also be used in ways that maximize their effectiveness.  This document will walk you through the process of creating a master engagement, one of the best practices for working with Checkpoint® Tools and ProSystem fx Engagement.
To pre-define a master engagement, use the New Binder Wizard. Note that all appropriate Practice Aids titles should be installed to the folder where ProSystem fx Engagement templates are located. (C:\Pfx Engagement\WM\Workpaper Templates)
You can create the master engagement binder for a client in the Central File Room or in the local file room and synchronize it later.  Enter the information for the binder, which you can create from a blank binder, from a sample binder or template or from an existing binder.
Provide any additional information for the binder and click Finish.  On the Completing the New Binder Wizard screen, click Create.
Open the binder and add PPC’s Practice Aids documents.  For example, select the tab for “1300 Risk Assessment,” right-click and select New Workpaper From Template.
From the New Workpaper dialog screen, select the tab for the appropriate Practice Aids title: 2007ASB, for example.
Select the ASB-CX-3.2 Walkthrough Documentation Table document and click OK.
Enter an index number, verify the Roll Forward information and click OK. The document will begin processing and will be added to the binder. Repeat the steps to add additional documents to the binder.
Once the binder is completed and synchronized with the Central File Room, you can share it with other staff members.
For staff needing access to the pre-defined master engagement, the master binder should be synchronized from the Central File Room. Note that the appropriate Practice Aids documents should also be installed on the other staff members' workstations.  Then, during completion of the New Binder Wizard, select the option to create a binder from an existing binder in your local file room, which will create a new binder that uses the pre-defined master engagement binder as the template.
After the New Binder Wizard is complete and the binder is created, the new binder will contain the tailored set of Practice Aids documents for beginning the engagement.