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This article originally appeared on GOBankingRates.com: 8 Things To Review as Part of Your Year-End Financial Checklist, According to Tiffany Aliche Show comments Advertisement
Start by gathering all your financial statements, including bank accounts, credit cards, investments, retirement accounts and insurance policies. Create a simple spreadsheet listing your assets ...
When reviewing your account statements, there are a few things that you should look out for. Auto-Renew The auto-renew subscriptions are a silent budget killer, because this area can be ...
A statutory audit is a legally required review of the accuracy of a company's or government's financial statements and records. The purpose of a statutory audit is to determine whether an organization provides a fair and accurate representation of its financial position by examining information such as bank balances, bookkeeping records, and ...
Audit working papers are the documents which record during the course of audit evidence obtained during financial statements auditing, internal management auditing, information systems auditing, and investigations. Audit working papers are used to support the audit work done in order to provide the assurance that the audit was performed in ...
For example, when a transaction with a material effect on a company's financial condition is contemplated, the finance department will prepare, for management and board review, a business plan containing pro forma financial statements demonstrating the expected effect of the proposed transaction on the company's financial viability.