Professional Documents
Culture Documents
: 196/56-3)
31 December, 2012
AUDIT PLANNING MEMORANDUM
Date: 01/13
Date: 01/13
-----------------------------------------------------------------------------------------------------------------1. INTRODUCTION
We have been re-appointed as the auditors for Dewan Perniagaan Melayu Malaysia
Negeri Kelantan (Dewan) for financial year ended 31 December 2012.
2.
CLIENTS BACKGROUND
The principal objectives of the Dewan are as per note 1 audited account.
3.
4.
Date: 01/13
Date: 01/13
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5.
6. CONTROL ENVIRONMENT
Reliance can be placed on the internal control for the following reasons:a) Different staff maintains the books and records
b) There is proper segregation of duties.
7. SUMMARY OF RISK IDENTIFIED AND AUDIT RESPONSES
Client appears to be honest and the representation can be relied upon.
Our audit response for Profit and Loss items and Balance Sheet items will focus on
compliance and substantive test.
8. PRELIMINARY ANALYTICAL REVIEW
Results of Operations
Ref.
Proposed
2012
RM000
Income
(a)
257
232
25
10.8
Expenses
(b)
304
(289)
15
(5.2)
(47)
(57)
Audited
2011
RM000
Inc./(Dec)
RM000
(c)
143
54
89
>100
Other Debtors
(d)
45
19
26
>100
Date: 01/13
Date: 01/13
(e)
388
224
164
73.2
Fixed Assets
(f)
373
372
0.3
Investment
(g)
1069
1,069
a) This represents income received from Members fee, rental, DBCs income, other
income and dividend from shares.
b) This represents administrative expenses and mainly with salaries and wages,
management expense, traveling & accommodation, companys activities, legal
and professional fees.
c) This represents cash in hand and at BIMB and CIMB.
d) This represents mainly outstanding rental, others debtor, utility and rentals
deposit.
e) This represents amount owing to rental deposit, Permodalan deposit, employees
fund benefit, PERKESO and etc.
f) This represents net book value for fixed assets.
g) This represents investment on Konsortium Dewan, Sykt. Permodalan DPMM
Kelantan Sdn. Bhd., Permodalan DPMM Kelantan Sdn. Bhd., Haji
Kamaruzzaman (Koperasi), DRB-HICOM Berhad, Jerneh Asia Bhd and Johor
Land Bhd.
9. ASSESSMENT OF AUDIT RISK
We have identified the following audit risks:
Area
Cash and Bank Balances
Risk
Cash in hand and at bank fairly stated
Fixed Assets
Date: 01/13
Date: 01/13
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TEST
Fixed Assets
Transaction Test
To perform reasonableness
emoluments.
test
on
Date: 01/13
Date: 01/13
Amounts (RM)
16,305.88
(2,358.85)
Since this is our fourteenth year audit for this company, we set materiality limit at
RM 16,305.88.
.
12.2
Budgets
For Dewan fees estimated at RM3,000.
12.3
Staffing
Principal
Staff in charge -
01/13
02/13
02/13
/13
/13