A cash lead schedule is to establish and agree to the Trial Balance (TB). Perform an analytical
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Question:
- A cash lead schedule is to establish and agree to the Trial Balance (TB).
- Perform an analytical review of movements in the cash and bank accounts. For any movements greater that 100% of Tolerable Error (TE) obtained explanation from the client.
- Circularised the confirmations to banks and matched the balances confirmed to balance as per TB.
- Reviewed the bank reconciliation and ensure that it agrees to our TB.
- Test all reconciling items above 100% of TE. Perfomed the valuation testing of foreign currency accounts and ensured the appropriate measurement using December 31, 2021 exchange rate.
PLEASE REFER BELOW:
TRIAL BALANCE
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