Week 7 - Work We Do After Year End Flashcards
(3 cards)
1
Q
What is the first bit of work we do after the year end?
A
Substantive testing
2
Q
What is the second bit of work we do after the year end?
A
Controls testing for last 3 months of year
3
Q
What is the third bit of work we do after the year end?
A
Look at post balance sheet events - things that happened after the year end that may cause you to need to adjust that year end account
