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DESK REVIEW FOR 20072008 AUDITS OF SCHOOL DISTRICTS (WHEN NO SINGLE AUDIT IS REQUIRED) SCHOOL CODE: SCHOOL DISTRICT: AUDIT FIRM: DATE REVIEW STARTED: AUDIT ACCEPT: A AR S SI QC DATE F/S RECD: RECEIVED
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What is desk review for audits?
Desk review for audits is a process in which auditors analyze financial documents and records from a desk, without conducting an on-site visit to the organization being audited. It involves reviewing the accuracy, completeness, and compliance of financial statements and supporting documents.
Who is required to file desk review for audits?
Desk review for audits is typically conducted by certified public accountants (CPAs) or audit firms who are hired by organizations or businesses to assess their financial records and statements.
How to fill out desk review for audits?
To fill out a desk review for audits, auditors typically follow a standardized procedure which includes analyzing financial statements, examining supporting documents such as bank statements and invoices, conducting risk assessments, and documenting findings and recommendations in an audit report.
What is the purpose of desk review for audits?
The purpose of desk review for audits is to assess the accuracy, completeness, and compliance of an organization's financial records and statements. It helps identify any errors, irregularities, or non-compliance with relevant laws and regulations.
What information must be reported on desk review for audits?
The information that must be reported on a desk review for audits includes a comprehensive analysis of financial statements, findings regarding the accuracy and completeness of records, identification of any irregularities or non-compliance, and recommendations for improvements or corrective actions.
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