Review Points

Introduction

Review Points are internal notes for a job, they are referenced to a particular Observation, or to the Statement of Financial Position or Operating Statement. While working on the job if there's any work paper or document which needs to be reviewed or needs to be added in the letter of Management, Qualification, or Contravention, you can add a Review Point and then address it to the respective letter.

How To Raise a Review Point

Step 1:- Click on any fund name you would want to raise a Review Point for, and you will be redirected to the Fund Dashboard of the respective fund.

Step 2:- Once on Fund Dashboard, on left hand side menu, navigate to Fund Summary >> Queries and Review Points.

Step 3:- From there, click on Add a Query.

Step 4:- Now, under Query Type tab, select Review Point.

Step 5:- Select Work Papers, and add your Query Heading and Query Content.

Step 6:- Once you have entered all the details, click on Save Query. You can also add a file as an attachment.

Step 7:- Once you're done, the review point will be added successfully, and a notification will be displayed in the bottom right corner of your screen.

How to Address a Review Point

If you now want to address a Review Point, you can follow the given steps below.

Step 1:- From the Fund Dashboard of the job, click on Fund Summary > Queries and Review Point, and from there click on Review Points.

Step 2:- All the Review Points will be subdivided into 5 sections, Open, No Action Required, Management Letter, Qualification, and Contravention. Click on the Review Point that you want to address from Open.

Note:- Initially when you add a Review Point, it will be available under Open and once you Address it, it will then be available in the respective parts

Step 3:- Now, fill in the details, click on "Save" and then, click on "Address" click on Address, you can also Add a Comment or Attachment before addressing the Review Point.

Step 4:- lick on Address, and you will see four check boxes that you can click on and select, to address the Review Point wherever it is required to be. You can select No Action Required, Management Letter, Qualification, or Contravention.

Note:- You can select Management Letter, Qualification, and Contravention together all at once but you can not choose more than one action with No Action Required.

Step 5:- Once you select where you want to address the review point, you can also add the Pre-Defined Content from the appearing list on the right side by clicking n the checkbox.

Step 6:- Now, click on Address, post which you will receive a toast message confirming successful activity.

Note: This will automatically add the content in the respective audit letter.

Quick Video Guide

To learn more about the process, explore best practices, and make the most of our features, please visit our Knowledge Base. You can also check our FAQ section for answers to common questions, contact our Support team if you need any assistance.