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For substantive procedures, sometimes you have to agree to general ledger and sometimes you agree to trial balance.
Could you please help me to understand when to agree to general ledger and when to agree to trial balance?
Thank you as always for your help.
In full, anything you are checking “from source” through to the financial statements would be:
“agree/trace to the general ledger, trial balance and draft financial statements”
But there will only be TB and draft FS at the reporting date. So if the audit procedure is at an interim date, the auditor will only be checking to inclusion in the general ledger.
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