Disclosure Checklist
Find the notes the balances and registers make necessary that the draft accounts leave out.
- Ledger + notes to the draft accounts
- Key analysis in Completion
How the result is read
The auditor evaluates whether the financial statements include the disclosures the framework requires (ISA 700.13(e), ISA 450, AU-C 700.15; the presentation and disclosure assertions). A checklist answered from memory misses what the ledger knows: an overdrawn director’s account calls for the advances note (Companies Act 2006 s413), borrowings above performance materiality for their terms and maturity, a lease register for the lease note, a non-adjusting event after the year end for its own note, a litigation register for provisions and contingencies. Each requirement is triggered by what the balances and registers show, then looked for in the titles and text of the draft notes; one with no note to answer it is raised before the accounts are approved.
In the application
Disclosure Checklist is filed under Completion, index letter L. "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 L, 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