A trial balance is the starting point
Valuation, completeness of liabilities, cut-off and disclosures still require assessment. A technically balanced ledger can omit obligations or other facts relevant to the accounts.
Explain balances with schedules and decisions
Loan terms, asset movements and depreciation need supporting schedules. Dividends, group loans and ownership changes must agree with contracts and resolutions. A bank reference saying dividend does not constitute a complete decision file.
Keep one file through finalisation and filing
Report relevant events after the balance sheet date and assess their treatment under the applicable framework. Carry corrections into the final documents and coordinate adoption and filing. Consolidation and schedules may be prepared for an external auditor, who performs the audit independently; the client remains responsible for accurate and timely information.
Source and background: Gestructureerd de jaarrekening opstellen.
