What a PBC list should include
| Area | Typical requests |
|---|---|
| General | Trial balance, general ledger, prior-year adjustments, board minutes, significant contracts |
| Cash | Bank statements, reconciliations, confirmations authority |
| Receivables | AR ageing, subsequent receipts, credit notes after year-end |
| Inventory | Count instructions and sheets, valuation workings |
| Fixed assets | Register, additions and disposals with invoices, depreciation workings |
| Payables and accruals | AP ageing, subsequent payments, accrual workings |
| Debt and equity | Loan agreements, lender statements, cap table, equity movements |
| Revenue | Contracts, revenue recognition workings, deferred revenue schedule |
| Payroll | Payroll registers, tax filings, bonus and commission workings |
| Tax | Tax provision workings and filings |
Columns to track
Request, financial statement area, workpaper reference, client owner, date requested, due date, date received, status and notes.
Tips
- Send the list early, ideally before year-end.
- Reuse last year’s list, updated for changes in the business.
- Review status weekly and escalate items that block fieldwork.
Frequently asked questions
Who should own the PBC list?
The engagement senior owns it; a preparer can track status and chase the client. At Offshore Accounting Hub we can maintain the list and follow up with clients if your firm wants us to.
General information only, not legal, tax, audit or professional-conduct advice. Rules, standards and software features change, so confirm the position that applies to your firm before you act. See our disclaimer.
