Audit file requirements – lead schedules
Client Substantiation File.
This checklist can be used when completing your lead schedules, this will ensure that they have all been correctly completed
| Information required | Responsibility | Completed | Audit file reference |
| Completed a lead schedule for each balance in the financial statements with figures for: Current year; Last year; Budget $ movement, and % movement between each year |
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| Completed sub lead schedule for each note of each balances in the financial statements or where the balance is made up of a number of GL accounts (including the applicable GL code) | |||
| Descriptions and explanations for the movements that have been noted in the lead schedules between the current year amounts when compared to the budgeted and prior year amounts | |||
| Evidence of the review of the lead schedule |