Description
Description: This masterclass teaches you how to create working papers that make auditors’ jobs easier and reduce follow-up questions. It begins by explaining the purpose of audit schedules and how they link to trial balance figures and general ledger entries. You will learn how to design lead schedules for major accounts such as cash, receivables, payables, inventory, and fixed assets. Detailed examples show how to support balances with sub-ledgers, reconciliations, and external confirmations. You will see how to label, cross-reference, and index working papers so anyone can follow your logic. The course covers common pitfalls like unexplained reconciling items, missing signatures, and unsupported adjustments. Practical tips demonstrate how to use spreadsheet tools to automate roll-forwards and tie-outs. You will learn to include brief but clear explanations for unusual transactions or judgment calls. A closing module focuses on reviewing working papers with a “fresh eyes” checklist before providing them to auditors. By completing the masterclass, you will have a set of models you can reuse for each audit period. Format: Video lessons with on-screen spreadsheet walkthroughs, downloadable schedule templates, and a working-paper index guide. Duration: Around 2.5 hours of instruction plus an estimated 3–5 hours of practice using your own data. What You’ll Learn: How to structure audit schedules, document support for balances, use indexing and cross-references, and avoid common documentation errors. Target Audience: Staff accountants, senior accountants, and finance professionals responsible for preparing audit support.
