Generate ageing, asset, MSME, and confirmation-readiness work

Generate receivables, payables, or CWIP ageing

Confirm that the engagement period and relevant parties, invoices and balances are imported. Open Examination → Ageing & Schedules. Select Trade Receivables, Trade Payables or CWIP. Click the relevant Generate … Ageing action. Use Regenerate only when you intend to create or refresh work from a changed source population. Review the summary totals and bucket distribution. Inspect the party/project × bucket table. The standard ageing bands include 0–30, 31–60, 61–90 and 90+ days where applicable. Click a party or item to inspect its invoices/source detail. Investigate unusual credit/debit…

An ageing bucket is a computed classification, not a recoverability conclusion. Perform subsequent receipt/payment, dispute, provision/NRV and cut-off work as applicable.

Build tangible and intangible asset schedules

Confirm that the asset register and related trial-balance accounts are imported and classified. Open Tangible Assets or Intangible Assets. Click Generate Tangible Assets Schedule or the equivalent intangible action. Review the cost/addition/disposal and depreciation/amortisation movement through closing WDV. Check the Difference statistic and per-category Diff against the trial balance. Expand a category to inspect individual assets, then open an asset for its detailed evidence. Investigate non-zero tie-out differences, unusual additions/disposals, useful-life/amortisation issues and…

Assess MSME section 43B(h) exposure

Open MSME 43B(h) → Supplier Ledgers. Identify suppliers supported as registered micro or small enterprises; turn on MSME, record the registration number and choose the category. Verify classification from current supporting evidence. Do not flag a supplier solely because its name suggests MSME status. Open 43B(h) Report and click Generate MSME Report. Review overdue items, the 45-day analysis and the displayed section 43B(h) disallowance exposure. Expand each creditor to inspect invoice dates, due dates and balances. Capture supported exposures to Findings or the tax-audit work, and export…

The platform calculation is a workpaper input. Consider the supplier's actual statutory category, agreement/credit terms, payment date, relevant tax year and the law applicable to the engagement.

Finalise a reviewed schedule

Use the version selector to confirm the intended DRAFT. Reconcile its source totals and resolve material differences. Confirm the review/sign-off responsibility under the firm's workflow. Click Finalize. Verify the green FINAL badge and finalisation message.

Only the final version is intended for report consumption. Generate/regenerate carefully: preserve the prior version and document why the source or calculation was refreshed.

Use the SA 505 confirmation-readiness sub-tab

Open External Confirmations (SA 505). Review the readiness conclusion and the parties placed into material-balance/contact-data buckets. Expand an item to read the population evidence, why it matters and suggested next steps. Correct missing contact/master data at its source and rerun/reopen the readiness view. Capture selected or all readiness exceptions to Findings. Move to the separate Collaboration → Confirmations workflow to create/track confirmations, where available and authorised.

The embedded Ageing tab does not itself draft, send, remind, receive or match a confirmation. It identifies readiness and evidence gaps. The analytics' default materiality/contact rules are screening aids, not a substitute for the auditor's SA 505 population/selection judgment.

Expected result

The correct draft/final schedule versions are retained; ageing and asset schedules tie or contain documented exceptions; MSME status and exposure are evidence-supported; and confirmation-readiness gaps are captured before any separate controlled confirmation process begins.

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