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The audits I perform uses the Class software to prepare the accounts etc. My question is 'Do I still require to receive all bank statements or just the final one for the financial year?
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I have a differing view as the feeds and therefore Class general ledger for the bank will sometimes offset entries of the same amount on the same day, so there is potential to overlook a contribution and withdrawal which could be associated with compliance concerns such as excess contributions. For this reason I always review the bank statements.