Sound financial reporting starts with a complete, consistent, and correct trial balance. If you suspect there may be errors or omissions on the trial balance that uncertainty can result in management being in the uncomfortable position of doubting the quality and integrity of the roll-up corporate financial statements. This is a tough position to be in especially for external and tax reporting where errors can be costly and damaging. The solution to this uncertainty lies in borrowing a few key procedures that your auditors routinely perform to assure the correctness of period end trial balances. In this webinar, we will look at five of the most common and effective audit procedures to ensure rock sound financial reporting.
- Objective 1: Identify some of the most common errors and omissions in trial balances.
- Objective 2: Understand how to perform five of the most common procedures auditors perform on period end trial balances and how to analyze and use the results to find and correct problems.
- Objective 3: Customize and expand the audit procedures for your unique accounting environment.