SA 450 requires every misstatement identified during the audit to be accumulated and evaluated, individually and in aggregate. CORAA builds the terminus working paper for that requirement: every finding raised on every caption paper, Trade Receivables, Trade Payables, Fixed Assets, and the rest, rolls up into one summary, banded against the locked SA 320 materiality. The export is formula-chained rather than typed, each cell in the summary traces back to the working paper and the procedure that raised it, so the partner signs off on one number instead of chasing fifty scattered flags across different papers.
Two paths to the same audit conclusion. One leaves traces; the other doesn't.
A finding raised on Trade Receivables, Trade Payables, Fixed Assets, or any other caption paper is captured with its quantum, its materiality band, and a link back to the procedure that raised it, at the moment it is raised, not batched up later.
Every finding is banded, above performance materiality, above the clearly-trivial threshold, or below it, against the same locked materiality figure regardless of which working paper it came from, so the bands are always comparable across the file.
The exported summary is not a snapshot of typed numbers. Each cell is a formula resolving back to its source working paper, so the export stays traceable and recomposes when the underlying finding changes.
Every finding raised anywhere in the engagement, across every caption working paper, rolls into one SA 450 summary.
Every finding is banded against the same locked SA 320 materiality figure, so bands are comparable however different the source papers are.
The exported workbook is built from live formulas, not typed totals, each cell traces back to its originating paper.
The partner reviews a single aggregated summary instead of reopening every working paper to re-collect its flags.
