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Engagement · Westbrook Distribution

ENG-2031 — Westbrook Distribution FY26 GAAP audit

Annual GAAP audit; revenue, inventory, AR, fixed assets, internal controls. 38 standard PBC requests + ad-hoc.

Open sign-off packet
Engagement risk flags
  • PBC-1050 (bank reconciliation March 2026) is overdue 5 days. Westbrook contact (Sarah Kim) was notified; escalation recommended.
  • 2 exceptions awaiting partner disposition. Resolve before sign-off can proceed.
Retainer
$0
Budget
$84,000
$68,900 consumed (82%)
Project manager
Aisha Patel
Marcus Sterling (account lead)
Timeline
Mar 25, 2026 → Jun 3, 2026
Last status: May 14, 2026
Milestones (4)
Milestone-level cadence drives the weekly status report.
  • A1 · Revenue + receivables
    Revenue recognition cutoff, AR aging, allowance for doubtful accounts.
    target Apr 11, 2026
    Complete
  • A2 · Inventory + cost of sales
    Physical inventory observation, LCM, cost flow, obsolescence reserve.
    target May 9, 2026
    In progress
  • A3 · Fixed assets + depreciation
    Asset existence, capitalization policy, depreciation expense, impairment.
    target May 27, 2026
    Pending
  • A4 · Internal controls + sign-off
    ICFR walkthroughs, deficiency evaluation, partner sign-off memo.
    target Jun 13, 2026
    Pending
Workpapers (11)
Submit → client review → accept flow. Each workpaper has acceptance criteria, versions, and a 3-day review window by default.
CodeTitleOwnerStatus
WP-1001Revenue recognition cutoff testElena Vasquez
Accepted
WP-1010AR aging + confirmation sampleElena Vasquez
Accepted
WP-2060Year-end inventory rollforwardElena Vasquez
Awaiting client
WP-4090ICFR walkthrough — revenue cycleElena Vasquez
Awaiting client
WP-2055Inventory obsolescence reserveElena Vasquez
In progress
WP-3070Fixed asset existence + additionsElena Vasquez
In progress
WP-3075Depreciation recalculationElena Vasquez
In progress
WP-4095Partner sign-off memoElena Vasquez
In progress
WP-2031Physical inventory observationElena Vasquez
In review
WP-2050Cost flow + standard cost reconciliationElena Vasquez
In review
WP-2042Inventory LCM analysisElena Vasquez
Prepared for review
Exceptions (5)
Scope changes requiring client acceptance before practitioner starts work.
  • EX-2031-01 · AR confirmation exception — unconfirmed $14,500
    $3,300
    Dispositioned
  • EX-2031-02 · Inventory count variance — Phoenix warehouse
    $8,700
    Dispositioned
  • EX-2031-03 · Cutoff exception — shipping 12/29
    $42,000
    Sent
  • EX-2031-04 · Impairment indicator — Atlanta facility
    $0
    Draft
  • EX-2031-05 · Capitalization policy deviation — 4 expenses
    $2,800
    Sent