FFRsqpilot wrote:Sorry, just remembered another item we discussed last night during our training session. When we were looking at the "Reconciling the Other Account Page" we instructed each of the auditors to attach the "Income and Expense Summary by Subcategory Report" to the audit forms when they turn them into the Stake Audit Committee.
Our rationale for having them include the Income and Expense report is due to the statement in the left hand box that states "Provide detail below or attach the Income and Expense Summary by Subcategory report." When we (Stake Audit Committe Chariman and I) were preparing for the training session we were not sure what the "provide detail below" really required. We asked our Area Assistant Auditor about the statement and he wasn't sure either. Thus we just figured it was easier to attach the Income and Summary report.
Anyone know what kind of detail they (whomever included the new sentence in the box) are looking for?
Thanks for bearing with our learning curve with the new audit forms.
My understanding is that you include the same level of detail as you have in audits past : the name of
the subcategory and the balance as of the end of the auditing period. The total should balance with the amount identified in the last CUFS. The report contains the same information and the same level of detail.