5 Key Audit Procedures for Rock Solid Trial Balances

Share on facebook
Share on twitter
Share on linkedin
Share on email

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.

View the post-webinar Q&A and engage with us on our LinkedIn group page, EBS Answers. 

Leave a Reply

Your email address will not be published.

The Roadmap to Synergy

Companies evolve. While everyone’s story is unique—growth from regional to national or international, mergers and acquisitions, diversification of business lines and product offerings, and disparate regulatory environments—many of these business...

Read More

Preparing for Tomorrow’s Market

Preparing for Tomorrow’s Market There are few constants in this world. The way in which a company does business is not one of them. Instead, companies must actively adapt to...

Read More

Mergers & Acquisitions: Realizing the Value

Mergers and acquisitions carry the added weight of introducing redundant systems that duplicate functionality. Learn how to overcome the value gap to take advantage of emergent synergies by aligning your...

Read More