ACCOUNT RECONCILIATION QUESTIONNAIRE

Account #

Prepared By:

Reviewed By:

Date:

Yes No N/A Comments/Action Plan

Test Attributes

Does this reconciliation indicate or otherwise

make clear the time period being reconciled?

Is the entire ending account balance, not just

current-period activity, explained in detail on the
reconciliation?

Are origination dates and adequate descriptions

provided for all reconciling items noted between
the general ledger and subledger balances (or
other applicable comparison sources)?

Is the reconciliation accompanied by supporting

documents (or adequate references to easily
identify and locate such documents) that
substantiate the applicable ledger balances,
comparison totals and reconciling items (e.g.,
ledger date, account name and number, journal
entry number, name and location of supporting
document or report, etc.)?

Is the reconciliation mathematically accurate?

For suspense, zero-balance or clearing accounts,

is there adequate explanation and support for
items in the accounts, including when/how aged
or unusual items will be adjusted or cleared?

Does this reconciliation contain a reviewer sign-off

and date, and was the review completed by the
due date prescribed in the Balance Sheet Account
Reconciliation Policy?

Have aged or stale dated items been highlighted

and reported to management as required in the
Balance Sheet Account Reconciliation Policy?

Control Effectiveness

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 Yes No N/A Comments/Action Plan

Has the reconciliation adequately explained and

substantiated the entire account balance?

Did the reconciliation justify the continued

existence of all items in the account?

Was the reconciliation prepared and reviewed

timely? If aged or stale dated items existed, were
they reported to management timely?

Technical Exceptions

Was the reconciliation completed without any

technical exceptions? If not, ensure that they are
clearly marked and explained in the test section.

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