Question

Write-up work is another name for what type of accounting related engagement

Answer 1

Write-up work involves the preparation of financial statements for a client without first reviewing or auditing the underlying information. This is a relatively low value-added activity, so the fee charged to the client for this service is generally low.

WRITE-UP WORK is also the provisioning of all reporting requirements of bookkeeping and accounting services for clients. It includes -

1. Bank account reconciliation

2. Fixed asset schedules

3. Maintenance of Generel Ledgers

4. Payroll deposit calculations

5. Payroll tax filings