Professional Documents
Culture Documents
Sample Audit Procedures
Sample Audit Procedures
AUDIT PROGRAM
Assertions
AUDIT PROGRAM
1.1 Obtain a copy of clients systems notes for the key accounting systems
(eg sales, purchases, payroll, investments) operated by the client.
Alternatively hold a meeting with the client and write the systems
down.
1.2 On the notes obtained above highlight the key controls which help to
ensure the assertions (ie completeness, existence, occurrence,
accuracy etc.)
1.3 Select haphazardly one item at the start of a system eg sales order,
purchase acquisition, timesheet and walkthrough the system noted
above to the eventual cash flow and the entry into the nominal ledger.
CONCLUSION
Based on the audit work done I am satisfied that all audit assertions applicable to this file section have been met and that
the transactions and balances contained in therein are fairly stated, subject to:
Senior Cleared
Delete as
Initials Date
appropriate:
Clearance of unadjusted errors noted on ....
Yes / N/A
Clearance of audit points outstanding on ....
Yes / N/A
Signature Date
Completed by senior
AUDIT PROGRAM
CONCLUSION
Based on the audit work done I am satisfied that all audit assertions applicable to this file section have been met and that
the transactions and balances contained in therein are fairly stated, subject to:
Senior Cleared
Delete as
Initials Date
appropriate:
Clearance of unadjusted errors noted on ....
Yes / N/A
Clearance of audit points outstanding on ....
Yes / N/A
Signature Date
Completed by senior
AUDIT PROGRAM
3 Subsequent events O C A F L E R C P
CONCLUSION
Based on the audit work done I am satisfied that all audit assertions applicable to this file section have been met and that
the transactions and balances contained in therein are fairly stated, subject to:
Senior Cleared
Delete as
Initials Date
appropriate:
Clearance of unadjusted errors noted on ....
Yes / N/A
Clearance of audit points outstanding on ....
Yes / N/A
Signature Date
Completed by senior
AUDIT PROGRAM
4 Going concern O C A F L E R C P
AUDIT PROGRAM
AUDIT PROGRAM
CONCLUSION
Based on the audit work done I am satisfied that all audit assertions applicable to this file section have been met and that
the transactions and balances contained in therein are fairly stated, subject to:
Senior Cleared
Delete as
Initials Date
appropriate:
Clearance of unadjusted errors noted on ....
Yes / N/A
Clearance of audit points outstanding on ....
Yes / N/A
Client name: Reference: C 1
Financial year: 2008 Page: 8
AUDIT PROGRAM
Signature Date
Completed by senior
AUDIT PROGRAM
5 Intangible assets O C A F L E R C P
CONCLUSION
Based on the audit work done I am satisfied that all audit assertions applicable to this file section have been met and that
the transactions and balances contained in therein are fairly stated, subject to:
Senior Cleared
Delete as
Initials Date
appropriate:
Clearance of unadjusted errors noted on ....
Yes / N/A
Clearance of audit points outstanding on ....
Yes / N/A
Signature Date
Completed by senior
AUDIT PROGRAM
AUDIT PROGRAM
CONCLUSION
Based on the audit work done I am satisfied that all audit assertions applicable to this file section have been met and that
Client name: Reference: C 1
Financial year: 2008 Page: 12
AUDIT PROGRAM
the transactions and balances contained in therein are fairly stated, subject to:
Senior Cleared
Delete as
Initials Date
appropriate:
Clearance of unadjusted errors noted on ....
Yes / N/A
Clearance of audit points outstanding on ....
Yes / N/A
Signature Date
Completed by senior
AUDIT PROGRAM
CONCLUSION
Based on the audit work done I am satisfied that all audit assertions applicable to this file section have been met and that
the transactions and balances contained in therein are fairly stated, subject to:
Senior Cleared
Delete as
Initials Date
appropriate:
Clearance of unadjusted errors noted on ....
Yes / N/A
Clearance of audit points outstanding on ....
Yes / N/A
Signature Date
Client name: Reference: C 1
Financial year: 2008 Page: 14
AUDIT PROGRAM
Completed by senior
AUDIT PROGRAM
8 Inventories O C A F L E R C P
CONCLUSION
Client name: Reference: C 1
Financial year: 2008 Page: 16
AUDIT PROGRAM
Based on the audit work done I am satisfied that all audit assertions applicable to this file section have been met and that
the transactions and balances contained in therein are fairly stated, subject to:
Senior Cleared
Delete as
Initials Date
appropriate:
Clearance of unadjusted errors noted on ....
Yes / N/A
Clearance of audit points outstanding on ....
Yes / N/A
Signature Date
Completed by senior
AUDIT PROGRAM
CONCLUSION
Based on the audit work done I am satisfied that all audit assertions applicable to this file section have been met and that
the transactions and balances contained in therein are fairly stated, subject to:
Senior Cleared
Delete as
Initials Date
appropriate:
Clearance of unadjusted errors noted on ....
Yes / N/A
Clearance of audit points outstanding on ....
Yes / N/A
Signature Date
Completed by senior
AUDIT PROGRAM
10 Trade receivables O C A F L E R C P
CONCLUSION
Based on the audit work done I am satisfied that all audit assertions applicable to this file section have been met and that
the transactions and balances contained in therein are fairly stated, subject to:
Senior Cleared
Delete as
Initials Date
appropriate:
Client name: Reference: C 1
Financial year: 2008 Page: 19
AUDIT PROGRAM
Signature Date
Completed by senior
AUDIT PROGRAM
CONCLUSION
Based on the audit work done I am satisfied that all audit assertions applicable to this file section have been met and that
the transactions and balances contained in therein are fairly stated, subject to:
Senior Cleared
Delete as
Initials Date
appropriate:
Clearance of unadjusted errors noted on ....
Yes / N/A
Clearance of audit points outstanding on ....
Yes / N/A
Signature Date
Completed by senior
AUDIT PROGRAM
12 Bank balances O C A F L E R C P
CONCLUSION
Based on the audit work done I am satisfied that all audit assertions applicable to this file section have been met and that
the transactions and balances contained in therein are fairly stated, subject to:
Senior Cleared
Delete as
Initials Date
appropriate:
Client name: Reference: C 1
Financial year: 2008 Page: 22
AUDIT PROGRAM
Signature Date
Completed by senior
AUDIT PROGRAM
13 Cash balances O C A F L E R C P
CONCLUSION
Based on the audit work done I am satisfied that all audit assertions applicable to this file section have been met and that
the transactions and balances contained in therein are fairly stated, subject to:
Senior Cleared
Delete as
Initials Date
appropriate:
Clearance of unadjusted errors noted on ....
Yes / N/A
Clearance of audit points outstanding on ....
Yes / N/A
Signature Date
Completed by senior
AUDIT PROGRAM
14 Trade payables O C A F L E R C P
CONCLUSION
Based on the audit work done I am satisfied that all audit assertions applicable to this file section have been met and that
the transactions and balances contained in therein are fairly stated, subject to:
Client name: Reference: C 1
Financial year: 2008 Page: 25
AUDIT PROGRAM
Senior Cleared
Delete as
Initials Date
appropriate:
Clearance of unadjusted errors noted on ....
Yes / N/A
Clearance of audit points outstanding on ....
Yes / N/A
Signature Date
Completed by senior
AUDIT PROGRAM
15 Other payables O C A F L E R C P
CONCLUSION
Based on the audit work done I am satisfied that all audit assertions applicable to this file section have been met and that
the transactions and balances contained in therein are fairly stated, subject to:
Senior Cleared
Delete as
Initials Date
appropriate:
Clearance of unadjusted errors noted on ....
Yes / N/A
Clearance of audit points outstanding on ....
Yes / N/A
Client name: Reference: C 1
Financial year: 2008 Page: 27
AUDIT PROGRAM
Signature Date
Completed by senior
AUDIT PROGRAM
16 Provisions O C A F L E R C P
CONCLUSION
Based on the audit work done I am satisfied that all audit assertions applicable to this file section have been met and that
the transactions and balances contained in therein are fairly stated, subject to:
Senior Cleared
Delete as
Initials Date
appropriate:
Clearance of unadjusted errors noted on ....
Yes / N/A
Clearance of audit points outstanding on ....
Yes / N/A
Signature Date
Completed by senior
AUDIT PROGRAM
17 Share capital O C A F L E R C P
AUDIT PROGRAM
CONCLUSION
Based on the audit work done I am satisfied that all audit assertions applicable to this file section have been met and that
the transactions and balances contained in therein are fairly stated, subject to:
Senior Cleared
Delete as
Initials Date
appropriate:
Clearance of unadjusted errors noted on ....
Yes / N/A
Clearance of audit points outstanding on ....
Yes / N/A
Signature Date
Completed by senior
AUDIT PROGRAM
18 Reserves O C A F L E R C P
CONCLUSION
Based on the audit work done I am satisfied that all audit assertions applicable to this file section have been met and that
the transactions and balances contained in therein are fairly stated, subject to:
Senior Cleared
Delete as
Initials Date
appropriate:
Clearance of unadjusted errors noted on ....
Yes / N/A
Clearance of audit points outstanding on ....
Yes / N/A
Signature Date
Completed by senior
AUDIT PROGRAM
19 Revenues O C A F L E R C P
AUDIT PROGRAM
CONCLUSION
Based on the audit work done I am satisfied that all audit assertions applicable to this file section have been met and that
the transactions and balances contained in therein are fairly stated, subject to:
Senior Cleared
Delete as
Initials Date
appropriate:
Clearance of unadjusted errors noted on ....
Yes / N/A
Clearance of audit points outstanding on ....
Yes / N/A
Signature Date
Completed by senior
AUDIT PROGRAM
AUDIT PROGRAM
CONCLUSION
Based on the audit work done I am satisfied that all audit assertions applicable to this file section have been met and that
the transactions and balances contained in therein are fairly stated, subject to:
Senior Cleared
Delete as
Initials Date
appropriate:
Clearance of unadjusted errors noted on ....
Yes / N/A
Clearance of audit points outstanding on ....
Yes / N/A
Signature Date
Completed by senior
AUDIT PROGRAM
21 Payroll expenses O C A F L E R C P
CONCLUSION
Based on the audit work done I am satisfied that all audit assertions applicable to this file section have been met and that
the transactions and balances contained in therein are fairly stated, subject to:
Senior Cleared
Delete as
Initials Date
appropriate:
Clearance of unadjusted errors noted on ....
Yes / N/A
Clearance of audit points outstanding on ....
Yes / N/A
Client name: Reference: C 1
Financial year: 2008 Page: 37
AUDIT PROGRAM
Signature Date
Completed by senior
AUDIT PROGRAM
22 VAT O C A F L E R C P
CONCLUSION
Based on the audit work done I am satisfied that all audit assertions applicable to this file section have been met and that
the transactions and balances contained in therein are fairly stated, subject to:
Senior Cleared
Delete as
Initials Date
appropriate:
Clearance of unadjusted errors noted on ....
Yes / N/A
Clearance of audit points outstanding on ....
Yes / N/A
Signature Date
Completed by senior
AUDIT PROGRAM
23 Taxation O C A F L E R C P
CONCLUSION
Based on the audit work done I am satisfied that all audit assertions applicable to this file section have been met and that
the transactions and balances contained in therein are fairly stated, subject to:
Senior Cleared
Delete as
Initials Date
appropriate:
Clearance of unadjusted errors noted on ....
Yes / N/A
Clearance of audit points outstanding on ....
Yes / N/A
Client name: Reference: C 1
Financial year: 2008 Page: 40
AUDIT PROGRAM
Signature Date
Completed by senior
AUDIT PROGRAM
AUDIT PROGRAM
CONCLUSION
Based on the audit work done I am satisfied that all audit assertions applicable to this file section have been met and that
the transactions and balances contained in therein are fairly stated, subject to:
Senior Cleared
Delete as
Initials Date
appropriate:
Clearance of unadjusted errors noted on ....
Yes / N/A
Clearance of audit points outstanding on ....
Yes / N/A
Signature Date
Completed by senior
AUDIT PROGRAM
CONCLUSION
Based on the audit work done I am satisfied that all audit assertions applicable to this file section have been met and that
the transactions and balances contained in therein are fairly stated, subject to:
Senior Cleared
Delete as
Initials Date
appropriate:
Clearance of unadjusted errors noted on ....
Yes / N/A
Clearance of audit points outstanding on ....
Yes / N/A
Signature Date
Completed by senior
AUDIT PROGRAM