- “Is this budget reasonable?”
- “Is it plausible that this proposed allocation of resources matches up with and can achieve the strategic plan?”
- “Would this expenditure of money be consistent with our core beliefs and values?”
- “Would this expenditure of money be consistent with the outcomes we want to achieve?”
- Is there resonance between all of the people who touch the financial statements? (CFO, Director of Education, internal auditor, external auditor, Provincial Auditor, other independent professionals, SSBA)
- What are the most significant risks we face and how are they reflected in financial statements?
- What are the main assumptions behind statements?
- What are the main estimates and judgements used, and does the auditor have complete confidence in these?
- What can be learned from the Cash Flows, other secondary statements, notes?
- If you had additional fees/scope/time, what would you look at next, and why?