Data Summary Review Checklist

Client: _______________________________________________________________

The purpose of completing this checklist is to ensure (1) the information & materials provided by the
client have been accurately summarized into the formats we are familiar with, (2) any further data
needed to address the scope of our engagement has been identified, and (3) any issues which occurred
to us during the data summarization process have been listed for evaluation.

Workpaper
Initial on Reference
Time: Completion Completion or
Procedure Bdgtd/Actual Date or N/A Comment
1. CSF-49-A Data Summary Review:
Engagement Scope. Review the
engagement planning memo, workplan,
client service agreement, confidential
questionnaire, and G/A meeting notes to
establish a high-level familiarity with the
client situation and the purpose of scope of
our engagement.
2. CSF-49-B Data Summary Review:
Preparer Issues. Review the client’s
Junxure record as well as the following
forms: a) “Answers & Docs Needed from
Client”, b) “Open Items & Issues” and c)
“Notes to Reviewer” to get up to speed on
issues the preparers have identified.
3. CSF-49-C Data Summary Review: Key
Ages Worksheet. Agree the dates of birth
input in the worksheet to those listed on the
confidential questionnaire.
4. CSF-49-D Data Summary Review: Net
Worth Statement. Agree each element of
the net worth statement to the underlying
document(s). Pay particular attention to
account type, titling, value, and valuation
date. As a final check, compare the net
worth statement to the items listed or
mentioned on the confidential
questionnaire, the GA meeting summary
and yellow pad notes, and/or any PBC
schedules of assets & liabilities.

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 Workpaper
Initial on Reference
Time: Completion Completion or
Procedure Bdgtd/Actual Date or N/A Comment
5. CSF-49-E Data Summary Review: Cash
Flow Master. Review the cash flow master
for inclusion of all previously-identified
income sources, reasonableness of cash
outflows, and overall logic. Compare to
alternative sources where possible (e.g.,
federal tax withholding to Form 1040).
Confirm that our summary reconciles to
any PBC schedule provided. Consider the
need to ask the client for additional
information.
6. CSF-49-F Data Summary Review:
Insurance Summary. Review the
insurance summary for completeness based
on the understanding previously developed;
note specific issues to be addressed.
Consider the need to ask the client to
complete additional risk management
questionnaires.
7. CSF-49-G Data Summary Review:
Income Taxes. Review the Key Tax
Return line Items form, referring to the
underlying 1040 as needed; note questions
or planning possibilities generated.
8. CSF-49-H Data Summary Review:
Social Security. Agree the Social Security
Statement values to the Social Security
benefit calculation inputs for each client.
Review the assumptions used in the Social
Security Statement for appropriateness.
Consider whether benefit projections
should be based on the spouse’s earnings
record.
9. CSF-49-I Data Summary Review: Risk
Tolerance Assessments. Review the risk
tolerance assessments and note any unusual
patterns or preferences that should be
explored with the client.
10. CSF-49-J Data Summary Review:
Genogram. Review the draft genogram for
consistency with information already
obtained about the family structure and
relationships. Note questions to be
discussed with the client.
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 Workpaper
Initial on Reference
Time: Completion Completion or
Procedure Bdgtd/Actual Date or N/A Comment
11. CSF-49-K Data Summary Review:
Estate & Contingency Management.
Note the recency of the client’s planning in
this area and any specific questions.
Consider the need to ask the client to
complete additional questionnaires or
exercises.
12. CSF-49-L Data Summary Review:
Additional Information Required.
Considering the scope of the engagement,
identify additional questionnaires or
exercises to be requested from the client in
order to have the qualitative information
needed to complete our planning.
13. CSF-49-Z Data Summary Review: Work
Program Finalization. Having reviewed
the summarized data, review the
engagement scope once again and launch
required work program action sequences.
Modify work plan steps, assignments,
budgets as appropriate.

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