Accruals Listing
Agree the accruals listing to the ledger and test each accrual against what it turned into.
- Ledger + accruals listing
- Key analysis in Purchases & payables
How the result is read
An accrual is management’s estimate of a liability not yet invoiced, and the invoice that arrives after the year end is the best evidence of what it should have been (ISA 540, AU-C 540, ISA 501 for the subsequent period). The listing is tied to the ledger’s accruals first. Then each line is read against its invoice: one well above the accrual is a liability understated; one well below is a cushion. An accrual with no invoice since the year end is an estimate the team supports some other way, and one raised long before the year end and still uninvoiced is usually one nobody released.
In the application
Accruals Listing is filed under Purchases & payables, index letter D. "Run all analyses" runs it with every other analysis the ledger and the documents loaded can answer. The worksheet states the population it tested on its face — or "Not applicable" with the reason when a column it depends on is empty — and the Excel workbook the engagement exports files it under D, beside an index of the source files with their SHA-256 fingerprints.
Read it with
Run your next audit file test without the Excel crash.
One free engagement to evaluate, valid 60 days. The ledger never leaves the machine.
- 20 minutes
- Runs on a fictional engagement
- No client data required