What Form 8815 Audit 2024-2025

Hi, it's John Kelly. In this module, we are going to discuss using the audit checklist. As always, we want to be efficient and effective, following professional standards and documenting what we have done properly. This module will show you how all of those three things can be accomplished by using the audit checklist. It will also be useful for training staff who need to understand how to use the forms. The first topic we will discuss is clearing the big red X, which is the third thing we'll talk about. You have to complete this form annually. After that, we will have a brief review of the sections covered in this checklist. The big red X indicates that the checklist is incomplete. There is also a statement that says "checklist incomplete," which means that something is wrong and needs to be fixed. If you complete all the lines in the checklist, then the big red X will disappear. The purpose of this is to ensure that logically all of the steps on all of the forms are filled out and initialed. On the checklist, you will note that there is a yellow exclamation point. Successfully completing the line turns the yellow exclamation point into a green check. When you clear the very last line, the big red X will disappear. At the end, there is a total of cleared and uncleared items. It will say how many are cleared and how many are uncleared. This will help you determine how many still need to be completed. The form has to be completed annually. Although it would be nice to have the form carried forward, this is a long list of things that professional standards require us to document every year. Therefore, it has to be completed annually. Clearing a...