Financial Statements Tie-out
Agree every caption of the draft financial statements to the ledger accounts it is built from.
- Ledger + draft financial statements, caption by caption
- Key analysis in Completion
How the result is read
The auditor agrees the financial statements to the underlying accounting records (ISA 330.20, AU-C 330.31). Each caption of the draft names the accounts behind it, the way the firm’s mapping does — a list of accounts, or a prefix ending in * — so the tie is mechanical: its current-year figure is what those accounts close at, and its comparative is what they opened at. Figures are compared as presented, signs aside. A draft can agree line by line and still leave a balance out, so material ledger balances that no caption takes in are listed after.
In the application
Financial Statements Tie-out 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