AUDIT PROGRAM

CLIENT: ___________________________________________________________
PERIOD: ___________________________________________________________
SUBJECT: EARNINGS PER SHARE
Est.
Hrs
.
Phase/
Level
Procedures
WP
Re!. B"
Co##e$tsE%&'($(t)o$
s
AUDIT OBJECTIVES
To determine whether:
A. Earnings per share has been appropriately calculated
in accordance with IAS-33.
B. Adequate and appropriate disclosures hae been made
in the !inancial statements.
1. Basic
"." Ensure that the net pro!it or loss !or the period
attributable to ordinary shareholders is the net pro!it
or loss !or the period a!ter deducting pre!erence
diidends.
".# Ensure that all items o! income and e$pense which are
recognised in a period% including ta$ e$pense%
e$traordinary items and minority interests% are
included in the determination o! the net pro!it or loss
!or the period.
".3 Ensure that the amount o! net pro!it attributable to
pre!erence shareholders% including pre!erence
diidends !or the period% is deducted !rom the net
pro!it !or the period &or added to the net loss !or the
period' in order to calculate the net pro!it or loss !or
the period attributable to ordinary shareholders.
".( Ensure that the amount o! pre!erence diidends that is
deducted !rom the net pro!it !or the period is:
the amount o! any pre!erence diidends on non-
cumulatie pre!erence shares declared in
respect o! the period) and
the !ull amount o! the required pre!erence
diidends !or cumulatie pre!erence shares !or
the period% whether or not the diidends hae
been declared. The amount o! pre!erence
diidends !or the period does not include the
amount o! any pre!erence diidends !or
cumulatie pre!erence shares paid or declared
during the current period in respect o! preious
periods.
".* Ensure that the number o! ordinary shares is the
weighted aerage number o! ordinary shares
outstanding during the period.
Page: 1/3
AUDIT PROGRAM
CLIENT: ___________________________________________________________
PERIOD: ___________________________________________________________
SUBJECT: EARNINGS PER SHARE
Est.
Hrs
.
Phase/
Level
Procedures
WP
Re!. B"
Co##e$tsE%&'($(t)o$
s
".+ Ensure that the weighted aerage number o! ordinary
shares outstanding during the period and !or all
periods presented is ad,usted !or eents% other than the
conersion o! potential ordinary shares% that hae
changed the number o! ordinary shares outstanding%
without a corresponding change in resources.
".- .btain a schedule calculating earnings per share.
/oot and tie to support in other wor0 papers.
2. Diluted
"." Ensure that the amount o! net pro!it or loss !or the
period attributable to ordinary shareholders is ad,usted
by the a!ter-ta$ e!!ect o!:
Any diidends on dilutie potential ordinary
shares which hae been deducted in arriing at
the net pro!it attributable to ordinary
shareholders)
Interest recognised in the period !or the
dilutie potential ordinary shares) and
Any other changes in income or e$pense that
would result !rom the conersion o! the
dilutie potential ordinary shares.
".# Ensure that the number o! ordinary shares is the
weighted aerage number o! ordinary shares% plus the
weighted aerage number o! ordinary shares which
would be issued on the conersion o! all the dilutie
potential ordinary shares into ordinary shares.
".3 Ensure that potential ordinary shares are treated as
dilutie when% and only when% their conersion to
ordinary shares would decrease net pro!it per share
!rom continuing ordinary operations.
".( Ensure that earnings per share amounts are not
ad,usted !or such transactions occurring a!ter the
balance sheet date.
Other tests as deeed !ecessar"
Discl#sure
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AUDIT PROGRAM
CLIENT: ___________________________________________________________
PERIOD: ___________________________________________________________
SUBJECT: EARNINGS PER SHARE
Est.
Hrs
.
Phase/
Level
Procedures
WP
Re!. B"
Co##e$tsE%&'($(t)o$
s
Ensure appropriate disclosure hae been made in
accordance with the reporting !ramewor0 and !ill
releant portion o! /S123.
Su$ervisi#!% revie& a!d c#!clusi#!
". 4er!orm Senior reiew and superision.
#. 5esole Senior reiew points.
3. 5esole 4artner and 6anager reiew points.
(. 2onclude response to the audit ob,ecties.
Audit c#!clusi#!
Based on the substantie test procedures% I7we per!ormed as outlined aboe% it is my7our opinion that the audit ob,ecties set !orth at
the beginning o! this audit program hae been achieed% e$cept as !ollows:
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Date'(((((((((((( Si)!ature J#* I!char)e +a!a)er Part!er
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