Essential Elements for Documenting Rollforward Procedures in Accounting Audits

What are we required to include when documenting our rollforward procedures? We document observations and results from the rollforward procedures performed, with reference to supporting analysis and other supporting documentation received and attach our documentation to relevant tasks in Canvas. We document the results from the rollforward procedures performed within the GL Analyzer without removing the live links which is in accordance with our documentation and archiving policy. We update all interim procedures performed, with reference to supporting analysis and other supporting documentation received and attach our documentation to relevant tasks in Canvas. We document observations and results from the rollforward procedures performed, with reference to supporting analysis in the SRM and OAR and enclose our documentation as part of documenting our Conclusion to the audit.

When documenting rollforward procedures, the following should be included:

Observations and results from the performed rollforward procedures, referencing supporting analysis and any additional supporting documentation received. This documentation should be attached to relevant tasks in a tool like Canvas.
The results from the rollforward procedures should be documented within the GL Analyzer, maintaining live links in accordance with the firm's documentation and archiving policy.
Update all interim procedures carried out, again referencing supporting analysis and supporting documentation received, and attaching this to relevant tasks in Canvas.
Document the observations and results from the rollforward procedures in systems such as SRM and OAR, and incorporate this documentation as part of the overall audit conclusion.

It's crucial to maintain a comprehensive and organized record of these procedures to support the audit process and ensure compliance with documentation policies.

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