Week 7 - Work We Do Before Year End

Question 1

What is the first bit of work we do before the year end?

Answer 1

Audit planning / strategy
- as you do audit planning, may need to revisit and update plans if testing not going as expected

Question 2

What is the second bit of work we do before the year end?

Answer 2

Test controls of first 9-10 months

Question 3

What is the third bit of work we do before the year end?

Answer 3

Do substantive testing of 9-10 months (testing year-end transactions, balances and transactions)