Reconciliation overview
Balance integrity, before anything is drafted. This module answers two questions the close depends on and the statements assume: does every balance agree to something outside the ledger, and can that something be relied on.
Account reconciliations
98% cleared126 reconciliations across 12 entities, covering 100% of the balance sheet by value and summing back to the trial balance. 2 carry an unexplained difference and 4 rest on evidence that cannot be relied on.
Accruals
Ties to the ledgerSGD 564,350 accrued across 7 items. Last period this schedule accrued 498,000 against 577,150 actually settled — 1 estimate missed by more than 20 per cent.
Cut-off testing
2 of 10 in the wrong periodSGD 174,500 recorded in the wrong period, moving current period profit by SGD 174,500 if corrected. The sample covers 7–9 per cent of each stream by value.
Journal entry review
6 of 13 flagged4 entries still await approval and manual entries carry 37% of the population by value. Every detector is a deterministic rule, not a model judgement.
Can the balance sheet be relied on
R7 · coverage, ageing, certification and the tie to the statements
4 balances cannot be relied on, and 2 carry an open difference
The 126 reconciliations across 12 entities sum, account by account, to the group trial balance the statements are built from. That tie is the reason this module can be read as a statement about the balance sheet rather than about a spreadsheet.
2 accounts carry an open difference: E200 other receivables and prepayments (12,400), E200 trade payables ((8,200)). 1 of them has been open for two periods or more, which puts 12,400 beyond the point where a timing explanation is credible.
124 of 126 are signed by both preparer and reviewer. The exposure is not the count — it is the 4 balances that agree to the ledger on evidence the finance team produced itself, which demonstrates internal consistency and nothing more.
Certification progress
Cleared against total, by account
1200 Other receivables and prepayments | 12,400 |
2000 Trade payables | (8,200) |
| Opinion | Accounts |
|---|---|
| CertifiedSufficient | 116 |
| Within toleranceQualified | 6 |
| Material breakDo not rely | 4 |