Which of the following is true of lead schedules?

A. The lead schedule includes all the GL account balances in the trial balance.

B. We verify mathematical accuracy within the lead schedule.

C. The lead schedule links the completed audit work to the draft financial statements.

D. We perform audit procedures over each balance within the lead schedule audit.

What is the purpose of a lead schedule?

A. The purpose of a lead schedule is to prepare a summary of GL accounts for a specific FLSI to share with the client.

B. The purpose of a lead schedule is to prepare a summary of GL accounts for a specific FLSI to share with the engagement.

C. The purpose of a lead schedule is to link the completed audit work for a specific FSLI to the final trial balance after audit adjustments, if any, and the final financial statements.

D. The purpose of a lead schedule is to list out al GL accounts for a specific client and ensure we have performed audit work over every balance.