^^ Corroboration

Question 1

Should the answers to investigations not be on file…

Answer 1

Further work needs to be done

Question 2

From a practical point of view, what is the first thing worth remembering?

Answer 2

For the smaller client, the working papers supporting the final analytical procedures may well be simply an update of the work done at the planning stage

Question 3

From a practical point of view, what is the second thing worth remembering?

Answer 3

For the larger client, the review becomes a much more specific exercise

Question 4

From a practical point of view, what is the third thing worth remembering?

Answer 4

The FS used for the analytical procedures needs to incorporate any adjustments made as a result of the audit

Question 5

From a practical point of view, what is the fourth thing worth remembering?

Answer 5

Any problems identified by the procedures, which indicate the FS should be amended, need to be actioned