The Adjustments window shows all adjustments entered in the engagement'ss. AuditDesktop supports three adjustment types: Misstatement, Reclassification, Elimination.
To access the window, open the engagement and do one of the following:
The buttons give access to these actions:
The table shows the following information about each adjustment:
All notes that were added to the selected adjustment.
The field shows information about the journal entry of the adjustment.
The field shows the determined performance materiality threshold.
The value of misstatements that are immaterial to the final audit statement.
Adjustments entered in Statement of financial position items. You can enter a new adjustment directly in the table's cells.
Adjustments entered in Income statement items. You can enter a new adjustment directly in the table's cells.
Click the Edit button and enter the difference in disclosure as plain text. Mark whether the difference is Adjusted.
All adjustments entered in the engagement's working papers can be viewed in the Summary of adjustments report.