A supporting schedule is a detailed itemization of the contents of an account. It is frequently used by auditors as part of their examination of the accounting records of a client, during their audit of the firm’s financial statements. Supporting schedules are stored in the audit working papers.
The term can also refer to the disclosure of additional information that accompanies a company’s financial statements, such as a schedule of remaining lease payments, or revenues and expenses by business segment, or fixed asset types. These schedules are intended to expand upon the information contained within the financial statements, and are frequently mandated by the applicable accounting standard, such as GAAP or IFRS.