bookkeeping and accounting service for Philippines
outsource bookkeeping foreign companies
Quality Control Review Checklist
Check name of Company with its Articles of Incorporation, or amended Articles of Incorporation, if applicable
Check the address of the Company with its BIR Registration Certificate
Agree totals of account lead schedules with the adjusted (final) trial balance
Trace all account accounts names and balances
For consolidated reports, trace accounts names and balances in the consolidated trial balance to adjusted trial balances of individual entities in the group.
Check all computations and ratios appearing in the financial report
Proofread, foot/cross-foot the draft financial report
Check agreement of names, numbers, data and terminologies that appear more than once in the financial report
Agree prior year’s figures presented in current years financial report with prior years financial report or with issued financial report, if applicable
Verify accuracy of cross-references to notes to FS
Check financial statements headings/columns and period covered
Peso Signs or currency signs are appropriately placed.