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FAQ

Compilation | 06.50 Gathering compilation information

Published:  27/06/2023

Objective

The objective of this document is to gain an understanding of the entity and its environment, and to give the user an overall insight regarding the transactions that took place during the year for every line item on the financial statements.
 

Format



The document is divided into the following sections in order to obtain an overall understanding of the entity:
  • Business and operations, e.g. "Describe the nature of the business and its operations?"
  • Additional six sections; one for each financial statement category e.g. “Non-current assets”
The format of the document is a questionnaire and the answers to the questions will have an impact on the procedures in 07.20 – 07.80 Compilation programs
 

Instructions

 

Input require

Outc

Yes/No 

Answer the question by making a selection with the "Yes / No" drop-down box.  

Your engagement will be tailored and further questions in the engagement file will be shown/hidden. 

Description 

Insert a short description, if necessary, to substantiate the answer given. 

By describing the thought process you went through in arriving at your answer, you are able to substantiate your answer to reviewers and future enquiries. 

Ref. 

Insert a reference to supporting documentation if necessary, you can click on the dropdown box to reference to a document already in your Caseware file. 

You ensure that your file is logical and demonstrates compliance with ISAs. 

Features

The following features are available in the document:

  • Insert row
  • Delete inserted row
 

Conclusion

You have to conclude on this document after you have gained an understanding of the entity and its

environment at an overall level and have answered all the questions by signing it off.


  Instructions:

 
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