Self-Review checklist
The below is a list of checks you should make to your file before passing for manager review to ensure you are passing a high quality file.
- Working Papers Checks
1.1 Review flip codes and action changes where necessary.
1.2 Ensure analytical review has been completed in full.
1.3 Have a final read through the points for client schedule to ensure everything has been included.
- Prior Year Checks
2.1 Agree the client names and signatories to the prior year signed accounts.
2.2 All comparative figures have been agreed to the prior year signed accounts, including opening balances in the current year where relevant.
2.3 All prior years files have been checked and locked.
- Current Year Checks
3.1 Check that client addresses and other details agree to CCH/Companies House.
3.2 Check the accounts for rounding errors and correct these where necessary.
3.3 Review the accounting policies, tailor where appropriate and check that all policies are still relevant.
3.4 Agree the notes to the prior year signed accounts to ensure all applicable notes included, tailor where appropriate and exclude where not relevant.
3.5 Agree the notes to the P&L and balance sheet and check that these add across rows and columns.
3.6 Agree the depreciation and gain/loss on disposal of assets on the detailed note to the P&L accounts.
3.7 Check that all additional documentation agrees to the accounts.
3.8 Complete disallowed items template and agree the amounts disallowed to the tax computation.
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