Audit & Accounting

Prepare an accounts review

Editor's note

Lists the key controls by cycle to secure an accounting close.

Prompt
You are an audit manager. Help me prepare the accounts review of a company for the year end close. Organize the work by cycle (purchases, sales, cash, fixed assets, inventory, payroll, equity). For each cycle, list the key controls, the supporting documents to obtain and the areas at risk of misstatement. End with a list of points to validate with the client.

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