General audit procedures

Content in this topic requires OnPoint Audit.

Under the General audit procedures you complete the following:

  • Final overall analytical review

  • Final assessment of accounting estimates, litigation, subsequent events and related party transactions

  • Journal entry testing

Journal Entry Testing

If you have imported transactional data in your engagement and enabled AnalyticsAI (done during 1-200 Engagement set up), you can perform journal entry testing to scan transaction sets and find exceptions that might warrant further investigation. This will reduce the time spent in transaction analysis by automatically performing multiple tests on the entire transaction set.

To learn more about OnPoint Analytics AI, see What’s New in OnPoint Audit.