Fraikin Year End Audit Jonathan Buchanan Self-Review

Work undertaken
Walkthroughs
Completion of fixed assets walkthroughs that could not be completed at the planning stage owing to
the fixed assets client staff being unavailable
Inventory Fraikin Limited
Preparation of a lead schedule
Analytical review
Other Debtors - Fraikin Limited and Fraikin Assets
Preparation of a lead schedule
Analytical review
Testing of the Fraikin Limited Rent Deposit Account
Trade Creditors Fraikin Limited and Fraikin Assets
Analytical review
Preparation of a lead schedule
Agreement of the subledger with the general ledger
Unusual item review for Fraikin Limited
Valuation of accounts payable for Fraikin Limited
Self-review
I carried out the tasks assigned to me as quickly and efficiently as possible, working around any
missing information where possible. Unfortunately I was unable to complete some of the work on
Other Debtors and Trade Creditors because the client did not send us the required information
before I rolled off the audit team. As it was, most of the required information was not received until
Wednesday evening/Friday morning, and so I had to complete my work under some time pressure.
This necessitated completing some tasks over the weekend and on Monday of the following week,
when I had been assigned to a new audit project. I was able to complete all of my tasks within the
agreed timeframe, and made sure to finish tasks I had started, rather than handing over half-
completed tasks.
As part of my performance improvement plan I was working on the following performance
objectives:
Completing tasks in an appropriate timeframe
Completing work to a high standard with few or no errors
Keeping relevant team members up to date on my progress
Managing multiple tasks simultaneously
Completing tasks in an appropriate timeframe:
I completed as many of my tasks as I could before the end of the week I was on site. For those I was
not able to complete I agreed with Alex when they would be finished by, and I delivered my work
within the agreed timeframe.
Completing work to a high standard with few or no errors:
I regularly checked my work and referenced totals to trial balance figures to ensure that the work I
completed was correct.
Keeping team members up to date on my progress
I gave regular updates to Alex on my progress, at a minimum at the end of every day, more
frequently if any issues arose.
Managing multiple tasks simultaneously
With information coming in for different worksteps at different times, I managed my work schedule
around this completing worksteps for which we had information while still waiting for the
information required for others. Ultimately I was able to complete all tasks for which we had the
required information within the agreed timeframe.
Done well:
I managed to build good rapport with Sam Javed (the financial controller), Emmanuelle Kergoat (the
financial director), and some members of the fixed assets team. This helped in obtaining the
information I required to complete my work before I rolled off the team.
I was able to assist Joe with some Excel queries that he had, making sure that he understood the
formulas I suggested he use, so that he will be able to use them himself in future.
Development points:
As I am still relatively new to using GAMx, I experienced some issues with version control. In order to
get around this I have started closing out of all of my workbooks every evening to make sure that the
most up to date version is on the GAMx. I have done this on the audit work I have carried out since
Fraikin.