Do you ALWAYS insist on seeing underlying documents for a/cs prep?

There seems to be a general consensus on this site that an accountant should always look at the underlying paperwork when preparing accounts. (Assume this is not an audit). What about:

a) client sends CSV downloads of bank statements - do you still ask for the original printed bank statements, assuming that they exist?

b) client submits TB that appears sensible, e.g. has share capital figure, debtors are a reasonable proportion of sales, PPS not an enormous figure, etc, etc. - do you still ask for purchase invoices, sales invoices and bank statements?

Red Leader

Comments
There are 38 comments. Login or register to view them.

Case by case basis

Monsoon |
Monsoon's picture

Agree with Monsoon

girlofwight |

No

FirstTab |
FirstTab's picture

look at SOME key docs

Lancsboy2 |

Quality assured firm

uktaxpal |

Why do we do it?

ShirleyM |
ShirleyM's picture

Risk analysis

BKD |
BKD's picture

.

blok |
blok's picture

thanks for this thread

lja20 |

What I do

Flash Gordon |
Flash Gordon's picture

This Accounts for the Variation in Fees

I'msorryIhaven'taclue |

Assumptions

andy.partridge |
andy.partridge's picture

.

blok |
blok's picture

I am somewhere between

Figurate |
Figurate's picture

Tangent: do you send queries to the client?

Monsoon |
Monsoon's picture

@ Monsoon

andy.partridge |
andy.partridge's picture

Good point!

Monsoon |
Monsoon's picture

Some thoughts

Red Leader |
Red Leader's picture

The answer is analytical review

Ken Howard |

Duty of Care

I'msorryIhaven'taclue |

I would think it depends on how obvious any errors were

Ken Howard |

blok

FirstTab |
FirstTab's picture

I'm sorry, FT, but ...

BKD |
BKD's picture

.

blok |
blok's picture

However..

IanRiley |

Judging ability of others

FirstTab |
FirstTab's picture

.

ireallyshouldknowthisbut |

Cheers for Chivers

I'msorryIhaven'taclue |

Great thread and highlights why we should charge well!

dbowleracca |
dbowleracca's picture

Solid balance sheet with records then analytical review of P&L

Luke |
Luke's picture

A Few Good Men ...

Lancsboy2 |

A Cunning Plan, Baldrick

I'msorryIhaven'taclue |

Monsoon wrote:

Bob Long |

A tale of 2 clients

cfield |
cfield's picture

Me, an inspector and a desk!

Steve Holloway |
Steve Holloway's picture

don't you have a contract?

listerramjet |
listerramjet's picture

to Steve Holloway

Tosie |

I am astonished!

jalwebster |