Deferred Tax
Recalculate each line of the deferred tax schedule and agree its movement to the ledger.
- Ledger + deferred tax schedule
- Key analysis in Tax
How the result is read
Deferred tax is the temporary difference between an item’s carrying amount and its tax base, at the rate expected when it reverses (IAS 12.47, ASC 740-10-30, FRS 102.29.12). Each line is recalculated from its own figures, so an arithmetic slip or a rate keyed wrong shows where it sits. A line at a rate the others do not use is listed for the reason to be read — an enacted change, a different jurisdiction — not assumed wrong. The year’s movement in the schedule is what the ledger should have booked; French individual accounts usually book none, and the sheet says what it would be.
In the application
Deferred Tax is filed under Tax, index letter I. "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 I, 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