This tool contains two sample checklists that can be used to determine the extent to which various best business practices are being followed during the month-end close.
Sample steps include performing an annual assessment for impairment, discussing any changes with management during the period, obtaining supporting documentation for changes during the period, performing quarterly assessments for impairment, obtaining supporting documentation for changes to intangible assets during the period, and contacting relevant process owners to request information regarding required period-end accruals.
Close-the-Books Audit Work Program
Checklists & Questionnaires
Month-End Walk-Through Questionnaire
Policies & Procedures