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Estimates Review

This workbook can be used to document accounting estimates, evaluate the degree of measurement uncertainty, select estimates for retrospective review, document the performance of audit procedures (including the retrospective review), and draft footnote disclosures.

Entering Data

This workbook accommodates five estimates. Multiple workbooks can be used to accommodate additional items. The larger, descriptive "fields" on the Estimates, Retrospective Review, and Audit Procedures worksheets are textboxes, and as such, are designed for easier text input than traditional Excel worksheet cells. For further information concerning text box functionality, see the section “General Workpaper Functionality and Tips for Entering Data”.
Certain areas (rows) of the worksheets may hide or unhide depending on your radio button responses (such as high/moderate/low or yes/no) to the visible questions and the completion of textboxes and input areas.
On the Estimates worksheet, changing a response to a radio button (such as from “moderate” to “low” or “yes” to “no” for questions that precede the “Was this estimate selected for retrospective review?” will cause the all following questions for that series of questions to be reset to an unanswered status. If a particular estimate previously selected for retrospective review on the Estimates worksheet is no longer selected for retrospective review due to a change in the response of another question, any retrospective review procedures described on the Retrospective Review worksheet for that item will be deleted unless the item is reselected for retrospective review on the Estimates worksheet before switching to the Retrospective Review worksheet.
The Disclosures worksheet will automatically generate when opening that particular worksheet based on the answers and descriptive textbox responses provided on the Estimates worksheet.