Account Reconciliation Questionnaire

screenshot of the first page of Account Reconciliation Questionnaire

This tool contains two sample questionnaires that can be used to analyze the effectiveness of an organization's account reconciliation process. In general, an account is considered reconciled if it is documented that the account balance accurately reflects the underlying asset, liability or equity position of the company as of the reconciliation date. Specifically, an account reconciliation compares a general ledger account balance with the detail-level subledger.

In these samples, the questions regarding control effectiveness test whether the reconciliation adequately explains and substantiates the entire account balance, justifies the continued existence of all items in the account, and is prepared and reviewed timely.

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