Management report points may be created at any work item (any question or task on a work paper) and also from any account line within a table of trial balance data anywhere in the workbook:
- To create a point click drop down dialog at right end of all work items and trial balance lines and select Management Point.
- You may just type the point you need, or try some key words. If the system finds some suggested points based on what you started writing, they will appear below. A suggested point can be selected and updated as required before clicking the Add button.
- The added points appear on the Management Report page (in the Y section).
- A comment may be added to indicate how points have been/are to be resolved or;
- Click "Edit Point" to tidy up and make more suitable for the client to insert into the management letter - e.g.
- When suitable click Post Point to send the point to the corresponding management letter where it will appear under the Specific Matters heading:
- Other text in management letter document may also be edited if required – refer to documents and letters.
NOTE: When a management point has been created and the page concluded, later edits (e.g. tidying up the point prior to issuinng the management letter) will not result in the original page being unconcluded due to the change. We consider that a management letter point is additional to the work so later edits should not affect the conclusion. However, where these is a significant change in the work that does affect the conclusion then the page shoud of course, be unconcluded and updated by the auditor.