PEDÍO // ENGAGEMENT COMMAND CENTRE

Regional Bank PLC

Year ended 31 December 2024IFRS · ISA (UK)Report due 14 March 2025Materiality set by you in A-320Your role Associate

01 · due 15 Oct 2024

Engagement Acceptance

0/40%

02 · due 29 Nov 2024

Preliminary Activities & Risk Assessment

0/100%

03 · due 13 Dec 2024

Audit Strategy Design

0/40%

04 · due 7 Feb 2025

Execution & Evidence Gathering

0/190%

05 · due 14 Feb 2025

Group & Component Audits

0/30%

06 · due 14 Mar 2025

Completion & Reporting

0/110%

Procedures concluded0 / 51

Your workpapers3

Under review0

Review notes to action0

Your notes to the agent0 open

Significant risks3

My work

Agent team prepares · you complete · reviewer signs off

WP ref	Workpaper	Prepared	Your part	Reviewer	Due
A-315	Understanding the entityRisk Assessment Summary	Agent ✓	Open to explore	Marcus Webb	22 Nov 2024
A-320	MaterialityMateriality Workpaper	Agent ✓	Members	Marcus Webb	29 Nov 2024
A-540	Expected credit lossesAccounting Estimates Workpaper	Agent ✓	Open to explore	Marcus Webb · Catherine Osei	31 Jan 2025

Risks → procedures

starter register

Valuation of the ECL allowance0/2

ISA 540 · high estimation uncertainty · Valuation

Management override of controls0/3

ISA 240 · presumed · All, via journals

Recognition of interest income0/2

ISA 240 · presumed revenue risk · Occurrence, accuracy

Review notes

0 to action

When you send a workpaper for review, Marcus Webb reviews it and his review notes appear here for you to action.

All procedures

0 of 51 concluded

01Engagement Acceptance0/4 · due 15 Oct 2024›

Ref	Procedure	Output	Owner	Status
ISA 200	Overall Objectives of the Independent Auditor and the Conduct of an Audit	Overall Audit Strategy	Agent team	Members
ISA 210	Agreeing the Terms of Audit Engagements	Engagement Letter	Agent team	Members
ISA 220	Quality Management for an Audit of Financial Statements	Quality Management Workpaper	Agent team	Members
—	Acceptance risk assessment	Acceptance Risk Assessment Record	Agent team	Members

02Preliminary Activities & Risk Assessment0/10 · due 29 Nov 2024›

Ref	Procedure	Output	Owner	Status
ISA 230	Audit Documentation	Audit Documentation Plan	Agent team	Members
ISA 240	The Auditor's Responsibilities Relating to Fraud	Fraud Risk Assessment	Agent team	Members
ISA 250	Consideration of Laws and Regulations in an Audit of Financial Statements	Laws & Regulations Compliance Memo	Agent team	Members
ISA 260	Communication with Those Charged with Governance	Governance Communication Record	Agent team	Members
ISA 265	Communicating Deficiencies in Internal Control	Control Deficiency Letter	Agent team	Members
ISA 300	Planning an Audit of Financial Statements	Audit Strategy	Agent team	Members
ISA 315	Identifying and Assessing the Risks of Material Misstatement	Risk Assessment Summary	You	Open to explore
ISA 320	Materiality in Planning and Performing an Audit	Materiality Workpaper	You	Members
—	Technical research	Research Agent Memo	Agent team	Members
—	Client data ingestion	Client Data Ingestion Workpaper	Agent team	Members

03Audit Strategy Design0/4 · due 13 Dec 2024›

Ref	Procedure	Output	Owner	Status
ISA 330	The Auditor's Responses to Assessed Risks	Controls Test Results	Agent team	Members
ISA 402	Audit Considerations Relating to an Entity Using a Service Organization	Service Organization Report	Agent team	Members
ISA 450	Evaluation of Misstatements Identified During the Audit	Misstatement Summary	Agent team	Members
—	Process walkthroughs	Process Walkthrough Workpaper	Agent team	Members

04Execution & Evidence Gathering0/19 · due 7 Feb 2025›

Ref	Procedure	Output	Owner	Status
ISA 500	Audit Evidence	Substantive Test Results	Agent team	Members
ISA 501	Audit Evidence - Specific Considerations for Selected Items	Specific Items Workpaper	Agent team	Members
ISA 505	External Confirmations	External Confirmation Results	Agent team	Members
ISA 510	Initial Audit Engagements - Opening Balances	Opening Balances Workpaper	Agent team	Members
ISA 520	Analytical Procedures	Analytical Procedures Memo	Agent team	Members
ISA 530	Audit Sampling	Audit Sampling Workpaper	Agent team	Members
ISA 540	Auditing Accounting Estimates and Related Disclosures	Accounting Estimates Workpaper	You	Open to explore
ISA 550	Related Parties	Related Parties Workpaper	Agent team	Members
ISA 560	Subsequent Events	Subsequent Events Memo	Agent team	Members
ISA 570	Going Concern	Going Concern Assessment	Agent team	Members
ISA 580	Written Representations	Written Representations Letter	Agent team	Members
—	Journal entry pattern analysis	Journal Entry Pattern Workpaper	Agent team	Members
—	Full-population testing	Full Population Workpaper	Agent team	Members
—	Three-way match analytics	Three-Way Match Workpaper	Agent team	Members
—	Outlier analysis	Outlier Visualization Workpaper	Agent team	Members
—	General ledger anomaly detection	General Ledger Anomaly Workpaper	Agent team	Members
—	Bank reconciliation	Bank Reconciliation Workpaper	Agent team	Members
—	Evidence matching	Evidence Matching Workpaper	Agent team	Members
—	Digital asset assurance	Crypto Assurance Workpaper	Agent team	Members

05Group & Component Audits0/3 · due 14 Feb 2025›

Ref	Procedure	Output	Owner	Status
ISA 600	Special Considerations - Audits of Group Financial Statements	Group Audit Instructions	Agent team	Members
ISA 610	Using the Work of Internal Auditors	Internal Auditor Evaluation	Agent team	Members
ISA 620	Using the Work of an Auditor's Expert	Auditor's Expert Report	Agent team	Members

06Completion & Reporting0/11 · due 14 Mar 2025›

Ref	Procedure	Output	Owner	Status
ISA 700	Forming an Opinion and Reporting on Financial Statements	Audit Opinion and Report	Agent team	Members
ISA 701	Communicating Key Audit Matters in the Independent Auditor's Report	Key Audit Matters Memo	Agent team	Members
ISA 705	Modifications to the Opinion in the Independent Auditor's Report	Opinion Modification Assessment	Agent team	Members
ISA 706	Emphasis of Matter Paragraphs and Other Matter Paragraphs	Emphasis of Matter Assessment	Agent team	Members
ISA 710	Comparative Information - Corresponding Figures and Comparative Financial Statements	Comparative Information Workpaper	Agent team	Members
ISA 720	The Auditor's Responsibilities Relating to Other Information	Other Information Memo	Agent team	Members
ISA 800	Special Considerations - Audits of Special Purpose Framework Financial Statements	Special Purpose Workpaper	Agent team	Members
ISA 805	Special Considerations - Audits of Single Financial Statements and Specific Elements	Single Statement Workpaper	Agent team	Members
ISA 810	Engagements to Report on Summary Financial Statements	Summary Statements Report	Agent team	Members
—	Engagement quality review	Engagement Quality Review Record	Agent team	Members
—	Engagement compliance review	Engagement Compliance Review	Agent team	Members

REGIONAL BANK AUDIT // FY2024

Your team & the client

Audit team

Alex ReidEngagement PartnerOverall approach, client relationship, escalationsWarm, short of time, wants bad news early

Marcus WebbEngagement ManagerPlanning, deadlines, review pointsBrisk; wants specifics and gives you a deadline

Sarah ChenSenior AssociateHow to do a procedure, where things areFriendly; did your job last year and shares what tripped her up

James ParkData AnalystThe ledger, data extracts and analyticsPrecise and quietly excited by a good data question

Catherine OseiEngagement Quality ReviewerDocumentation standards and qualityCalm and Socratic; asks why, then why again

Regional Bank PLC

Priya NairChief Financial OfficerStrategy, results, significant judgementsPolished and guarded; steers you to the strong year

David MensahHead of Credit RiskECL model, staging, scenarios, overlaysProud of his model; concedes only to evidence

Fiona GrantFinancial ControllerThe ledger, the close, manual journalsProcess-minded; protective of her team

Tom HaleGroup TreasurerLiquidity, securities, funding, FXFast-talking markets person; passes accounting to Fiona