Overview
Perform final checks on issued financial statements with automated review modes and document viewer.
Overview
The Financial Statement Review task provides a structured workspace for performing final, issued-financial-statement checks. It combines automated review modes with a document viewer so auditors can confirm consistency, accuracy, and mathematical correctness before sign-off.
Use Financial Statement Review as your final quality control step after all other audit testing is complete. This ensures you catch any inconsistencies or errors before sign-off.
Review Modes
The Financial Statement Review feature offers three specialized review modes, each focused on a specific type of validation:
Prior Year Consistency
Verify current-year amounts agree with prior-year figures where continuity is expected.
Internal Consistency
Validate that values are consistent within the same financial statements.
Mathematical Accuracy
Perform arithmetic validation of tables through footing and crossfooting checks.
A Financial Statement Review is typically considered complete when all three review modes are confirmed.
Page Layout Overview
The Financial Statement Review page is composed of four main areas:
Review Mode Panel
Switch between different types of automated checks (left sidebar).
Top Action Bar
Manage files and control which document is being reviewed.
Document Viewer
View and navigate through your issued financial statements.
Viewer Controls
Navigate pages and adjust zoom for detailed inspection (bottom & right).
Managing Files
The Top Action Bar controls which issued financial statement file is being reviewed.
Manage Files Button
Upload new file
Upload a new issued financial statement for review.
Replace document
Replace the existing document with an updated version.
Switch versions
Switch between available versions if multiple files are uploaded.
Changing the document may invalidate existing review results. Ensure you upload the final issued version before beginning your review.
Active File Selector
The active file selector displays the currently loaded document (e.g., REI FY24 Issued Financial Statements.pdf).
- Click the file name to switch documents if multiple are available
- Confirm you are reviewing the correct issued version before proceeding
Document Viewer
The main panel displays the issued financial statements being reviewed. This viewer is the source of truth for all review checks.
What you can do:
- Scroll through the full financial statement package
- View all statements and notes
- Reference exact figures flagged by review modes
Viewer Controls
Located along the bottom and right edges of the viewer.
Page Navigation
Use Previous/Next buttons, page number input, and total page count to navigate efficiently.
Zoom Controls
Zoom in/out to inspect fine print, dense tables, or footnotes. Current zoom percentage is displayed (e.g., 155%).
Confirmation Workflow
Each review mode follows a consistent workflow:
Select a review mode
Choose from Prior Year Consistency, Internal Consistency, or Mathematical Accuracy in the left sidebar.
Review all detected checks
Review each item flagged by the automated system in the selected mode.
Investigate discrepancies
Investigate and document any discrepancies or inconsistencies found.
Confirm items
Mark items as confirmed once you've resolved and reviewed them.
Achieve Confirmed status
Complete all items in the review mode to achieve Confirmed status.
Each review mode shows a confirmation label, progress bar, and count of confirmed vs. total detected checks.
Navigation & Context
At the top of the page, breadcrumbs and tabs allow you to move between:
- Task overview
- Review
- Chat
- Other audit tasks within the engagement
This keeps Financial Statement Review connected to your broader audit workflow.
Best Practices
Summary
The Financial Statement Review feature provides a structured, repeatable way to validate:
- Prior-year consistency — Ensuring continuity between last year's statement
- Internal consistency — Verifying values match across statements
- Mathematical accuracy — Confirming all arithmetic is correct
By combining automated checks with a document-centric review experience, it helps auditors confidently complete final review procedures before sign-off.
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