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    Audit Program

    Uploaded by

    linkin soy
    The audit document summarizes the objectives, assertions, and procedures for auditing an entity's cash and bank balances, inventory balances, salaries and wages costs, and transactions for the year ended December 31, 20xx. The objectives are to confirm that cash balances are complete and valid, inventory is correctly recorded, salaries are properly expensed, and all transactions benefit the entity. The auditor will perform confirmation of cash balances, test internal controls, verify inventory holdings, and ensure transactions are appropriate. Preliminary findings indicate issues with internal controls and subrecipient monitoring that may require an opinion modification.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd

    Audit Program

    Uploaded by

    linkin soy
    26 views5 pages
    The audit document summarizes the objectives, assertions, and procedures for auditing an entity's cash and bank balances, inventory balances, salaries and wages costs, and transactions for the year ended December 31, 20xx. The objectives are to confirm that cash balances are complete and valid, inventory is correctly recorded, salaries are properly expensed, and all transactions benefit the entity. The auditor will perform confirmation of cash balances, test internal controls, verify inventory holdings, and ensure transactions are appropriate. Preliminary findings indicate issues with internal controls and subrecipient monitoring that may require an opinion modification.

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    audit program

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    The audit document summarizes the objectives, assertions, and procedures for auditing an entity's cash and bank balances, inventory balances, salaries and wages costs, and transactions for the year ended December 31, 20xx. The objectives are to confirm that cash balances are complete and valid, inventory is correctly recorded, salaries are properly expensed, and all transactions benefit the entity. The auditor will perform confirmation of cash balances, test internal controls, verify inventory holdings, and ensure transactions are appropriate. Preliminary findings indicate issues with internal controls and subrecipient monitoring that may require an opinion modification.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    26 views5 pages

    Audit Program

    Uploaded by

    linkin soy
    The audit document summarizes the objectives, assertions, and procedures for auditing an entity's cash and bank balances, inventory balances, salaries and wages costs, and transactions for the year ended December 31, 20xx. The objectives are to confirm that cash balances are complete and valid, inventory is correctly recorded, salaries are properly expensed, and all transactions benefit the entity. The auditor will perform confirmation of cash balances, test internal controls, verify inventory holdings, and ensure transactions are appropriate. Preliminary findings indicate issues with internal controls and subrecipient monitoring that may require an opinion modification.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 5

    Fs Audit

    Currency used:
    Year Ended: December 31, 20xx
    WP Name: Work Program
    WP Index: A-Work Program

    Objectives: the cashg and bank balances represent all cash that are owned and on hand, in trans
    institutions, or in financial institutions or held in custody by others for the account of
    the cash and bank balances are properly describe and classfied, and adequate disclo
    restricted, commited or pledged) with respect wo these amounts have been made.
    RELEVANT ASSERTTIONS PROCEDURES

    Completeness, Existence,
    Valuation, Rights and Confirmation of Cash Balances
    Obligations

    Another Assertions Here Procedures

    Completeness, Existence, and Expense


    cut off

    Right & Obligation, Exitence Inventory Balance

    Classification and cut off Salaries & Wages Cost


    Summary
    all transaction had being prepared and progress
    by intitutions or held by custody to the accounting entity
    and properly classified.

    Findings

    the findings is Material weakness in internal


    control and material noncompliance likely
    opinion
    modification for subrecipient monitoring.
    Prepared By: Kenneth S. Dagohoy

    esent all cash that are owned and on hand, in transit to or form financial
    tions or held in custody by others for the account of the entity, and are properly recoreded.
    operly describe and classfied, and adequate disclosures.( including amounts
    with respect wo these amounts have been made.
    DESCRIPTION WP REFRENCE
    Prepared and send
    confirmation letter to
    corresponding banks. A-01
    Compare balance per books and balance per
    confirmation . Investigation
    when variance are noted.

    Indicate steps in testing internal controls A-02


    and financial accountant balances.

    All inventory units that should recorded A-03


    have been recognized in the financial statement
    Any inventory held by a third party on behalf
    of the audit entity has been included in the
    inventory balance.

    Audit entity owns or controls the inventory A-04


    recognized in the financial statements. Any
    inventory held by the audit entity on account of
    another entity has not been recognized as part
    of inventory of the audit entity.

    Transactions recognized in the financial A-05


    statements have occurred and relate to the entity.
    d and progress
    o the accounting entity
    STATUS

    In Progress

    In Progress

    In Progress

    In Progress

    In Progress

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