REFERENCE FOR SCOPE OF WORK OF ACCOUNTING REVIEW

  • Obtain the accounting reports and information from the company’s assigned personnel.
  • Scan transactions and review the appropriateness of presentation and disclosure of financial statements prepared by the Company under VAS.
  • Identify and report any issues and adjustments on the financial statements. Investigate findings that appear to be inconsistent.

 

Including details below:

  • Inquire about the procedures for recording accounting transactions
  • Investigate unusual or complex situations that may impact reported results
  • Investigate significant transactions occurring near the end of the accounting period
  • Follow up on questions that arose during previous reviews
  • Inquire about material events that occurred after the date of the financial statements
  • Investigate significant journal entries
  • Review communications from regulatory agencies
  • Read the financial statements to see if they appear to conform with the applicable financial reporting framework
  • Review the management reports of any accountants who reviewed or audited the entity’s financial statements in prior periods
Replace post