You are here:   HomeFeaturesTrial balance and financial reports
TRIAL BALANCE & FINANCIAL REPORTS
TRIAL-BALANCE
trial balance2
trial balance

AuditDesktop allows you to import the trial balance of the audited entity using the most commonly used file formats. In this product you will find predefined imports of the most commonly used accounting software. The system allows you to enter trial balances on a monthly, quarterly or other basis, preferred by the auditor. The program automatically forms a combined financial statement and produces graphic analysis of the movements in each account. This allows you to identify unusual movements easily, which will draw your attention to potential problems.

AuditDesktop supports the following types of trial balances:

  • Opening –trial balance imported at the start of the audit engagement from the accounting software used.
  • Adjusted – summarized trial balance including the data from the opening trial balance and the errors accumulated during the audit.
  • Closing – closing finalized trial balance provided by the audited entity before the completion of the audit engagement.
  • Previous - trial balance from a prior period, which is filled-in automatically after an auditing engagement has been finalized and a subsequent one has been opened, or is imported in case of first year engagement.

With AuditDesktop you can easily check whether there are any differences between the closing trial balance and the adjusted one, or whether the balances from the preceding year have been carried forward in the opening trial balance.

STATEMENTS
analytic procedures

AuditDesktop automates the initial and finalizing analytical procedures by allowing tracking of the movements in each item in absolute values and as percentages going two periods back in time. The movements table is linked to the risk register.

When you enter the statement of financial position and the income statement, the system will automatically calculate the ratios of liquidity, cost-effectiveness, profitability and other financial indicators associated with the financial analysis of the entity.

Strategic planning
Strategic planning
Annual planning
Annual planning
Risk assessment
Risk assessment
Risk matrix
Risk matrix
Materiality
Materiality
Sampling
Sampling
Audit methods development
Audit methods development
Conducting and documenting an audit
Conducting and documenting an audit
MS Office integration
MS Office integration
Trial balance
Trial balance
Trial balances consolidation
Trial balances consolidation
Financial statements analysis
Financial statements analysis
Errors
Errors
Timesheets
Timesheets
Reports
Reports
Audit file export
Audit file export
Audit file export - checklist
Audit file export - checklist