Acme Inc.
Instructions
Instructions
General
Year-end final trial balance
Up-to-date company organizational chart
Chart of accounts
Data file for the year
Data file for the prior year
List of board members
Minutes of board and committee meetings
Name and address of any attorneys who provided legal services during the year
*Summary of any significant litigation or legal issue on-going at year end
Copies of all new leases, service agreements, contracts, or other official documents entered into during the year
Summary of any changes in operations from the previous year
List of all journal entries made during the year
Cash and Investments
Copies of bank and investment account statements along with bank reconciliations for the entire year
Register of outstanding checks for the last month of the previous year and the first month of the current year
Scanned copies of all cancelled checks over $25,000 for the current year
Scanned copies of all deposit slips in transit over $25,000 for the current year
Signed confirmation letters for all bank and investment accounts for the current year
Accounts Receivable
Accounts receivable aging report as of the end of the fiscal year
Details for allowance for doubtful accounts
Details for the allowance for bad debt write-offs
*Listing of deposits for three months following the end of the year
*AR confirmation letters for selected customer balances from end of FY, as applicable
Accounts Payable
Detailed aging reports showing outstanding payables
Copies of vendor invoices and related documentation
Documentation of payments made to vendors, including checks and electronic transfers
Copies of purchase orders associated with the payables
Detailed reports of any other expenses or reimbursements
Prepaid Expenses
Schedule of prepaid expenses with descriptions and amounts
*Any other significant assets not included in the above categories
Inventory
Detailed listing of inventory as of year-end, including quantities, unit costs, and total costs
Inventory valuation
Details of any adjustments made to inventory during the year, including reasons for adjustments and amounts
Supporting documentation
Payroll
*Copies of payroll reports, including pay stubs and tax withholdings
*Copies of employment contracts or agreements
Records of employee benefits
Employee timesheets or attendance records
Copies of payroll tax filings and related documentation
Fixed Assets
Detailed listing of fixed assets, including acquisition dates, costs, and depreciation
Invoices for the purchase of fixed assets
Documentation of depreciation methods and schedules
Records of any maintenance or repairs performed on fixed assets
Documentation related to the disposal or sale of assets
Loans and Liabilities
Statements for all loans and lines of credit
Copies of loan agreements or debt contracts
Detailed schedules of other liabilities, including taxes payable
Records of interest payments made on loans and other debts
Revenue
Revenue recognition policies
Sales reports
Contracts and agreements
Revenue invoices
Tax
Copies of filed tax returns (e.g., income tax, sales tax)
Records of tax payments made
Supporting documentation
Compliance and Internal Controls
Documentation of policies ensuring compliance with regulations
Copies of any internal or external audit reports
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Year-end final trial balance
Up-to-date company organizational chart
Chart of accounts
Data file for the year
Provide the following financial documents: trial balance, balance sheet, income statement, accounts receivable listing, accounts payable listing, detailed general ledger, and journal entries.
Data file for the prior year
Provide the following financial documents: trial balance, balance sheet, income statement, accounts receivable listing, accounts payable listing, detailed general ledger, and journal entries.
List of board members
Please list all the board members. Include their name, role in the company, and their contact information.
Minutes of board and committee meetings
Please provide all board of directors and committee meeting minutes for the year under audit through the scheduled date of the fieldwork, including approved copies of available minutes and drafts of minutes not yet approved.
Name and address of any attorneys who provided legal services during the year
*Response requiredSummary of any significant litigation or legal issue on-going at year end
Please provide the following:
Copies of all new leases, service agreements, contracts, or other official documents entered into during the year
List of all journal entries made during the year
Copies of bank and investment account statements along with bank reconciliations for the entire year
Register of outstanding checks for the last month of the previous year and the first month of the current year
Please provide detailed list of all checks that were issued but not yet cleared by the bank at the end of the last month of the previous year and the first month of the current year.
Scanned copies of all cancelled checks over $25,000 for the current year
Scanned copies of all deposit slips in transit over $25,000 for the current year
Signed confirmation letters for all bank and investment accounts for the current year
Accounts receivable aging report as of the end of the fiscal year
Details for allowance for doubtful accounts
Details for the allowance for bad debt write-offs
*Response requiredListing of deposits for three months following the end of the year
*Response requiredAR confirmation letters for selected customer balances from end of FY, as applicable
Detailed aging reports showing outstanding payables
Copies of vendor invoices and related documentation
Documentation of payments made to vendors, including checks and electronic transfers
Copies of purchase orders associated with the payables
Detailed reports of any other expenses or reimbursements
Schedule of prepaid expenses with descriptions and amounts
*Response requiredAny other significant assets not included in the above categories
Detailed listing of inventory as of year-end, including quantities, unit costs, and total costs
Inventory valuation
Select the method used to value inventory
Supporting documentation
*Response requiredCopies of payroll reports, including pay stubs and tax withholdings
*Response requiredCopies of employment contracts or agreements
Records of employee benefits
Provide benefits documentation (health insurance, retirement plans, etc.)
Employee timesheets or attendance records
Provide benefits documentation (health insurance, retirement plans, etc.)
Copies of payroll tax filings and related documentation
Detailed listing of fixed assets, including acquisition dates, costs, and depreciation
Invoices for the purchase of fixed assets
Documentation of depreciation methods and schedules
Records of any maintenance or repairs performed on fixed assets
Documentation related to the disposal or sale of assets
Statements for all loans and lines of credit
Copies of loan agreements or debt contracts
Detailed schedules of other liabilities, including taxes payable
Records of interest payments made on loans and other debts
Revenue recognition policies
Documentation on how revenue is recognized.
Sales reports
Detailed sales reports or summaries.
Contracts and agreements
Copies of contracts related to revenue generation.
Revenue invoices
Copies of invoices issued for revenue.
Copies of filed tax returns (e.g., income tax, sales tax)
Records of tax payments made
Supporting documentation
Supporting documents for tax filings, such as deductions or credits claimed
Documentation of policies ensuring compliance with regulations
Copies of any internal or external audit reports