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Internal Audit Group

Time Budget for the Audit of Dadamitan Ka Corporation


11/27/2016

Budg
Audit Manager
Initiation
Preparation of authorization and announcement memo
Opening meeting

2 hrs
2 hrs

Planning
Project planning memo
Budget and timetable
Walkthrough interview
Process documentation
Risk Assessment
Preparation of Audit Program Guides (RCM)
Performance
Controls testing
Substantive testing
Documentation of test procedures
Supervision and review of working papers
Summary of initial audit results
Travel Time Fieldwork
Progress Meetings
Engagement team meetings
Discussion meetings with auditee
Closing
Preparation of draft audit report Detailed
Preparation of draft audit report Executive Summary
Review of audit report
Exit meeting

2 hrs
3 hrs
5 hrs

1 hr
2 hrs
3 hrs

Completion
Finalization of audit report
Preparation of completion forms
Archiving

Number of hours
Number of days

10 hrs
1 day

Budgeted Hours
Audit Supervisor

Staff

Total

2 hrs
2 hrs

1 hr
3 hrs
4 hrs

1 hr
3 hrs
4 hrs

2 hrs
1.5 hr
3 hrs
1.5 hr
3 hrs
3 hrs
14 hrs

2 hrs
1.5 hrs
3 hrs
1.5 hrs
3 hrs
3 hrs
14 hrs

2 hrs
1.5 hrs
2 hrs
1.5 hrs
3 hrs
3 hrs
13 hrs

48 hrs
78 hrs
24 hrs

3 hrs
27 hrs

48 hrs
2 hrs
194 hrs

48 hrs
72 hrs
24 hrs
24 hrs
48 hrs
3 hrs
219 hrs

3 hrs
3 hrs
6 hrs

3 hrs
3 hrs
6hrs

3 hrs
3 hrs
6 hrs

2 hrs
1 hr
2 hrs
6 hrs

2 hrs
1 hr
1 hr
3 hrs
7 hrs

3 hrs

2 hr
1 hr
1 hr
5 hrs

2 hr
1 hr
1 hr
4 hrs

55 hrs
3 days

229 hrs
55 days

253 hrs
65 days

24 hrs

1 hr
2 hrs
3 hrs
2 hrs
1 hr

Internal Audit Group


Staff Forecast Form
Date of Request:

12-20-2016

Audit Name
Audit Period
Engagement Team:
Manager
Camille Capunpon
Supervisor Mich Dela Pena
Staff
Ness Fruita
Sam Atanacio
Eydyey Nopal

I-aaudit Kita Auditing Company


Total Budgeted Days

Previously assigned staff:


No. of staff
needed

Preferred
staff level:

3
Expected start and
completion date

Requested/ Assigned Staff


Ness Fruita

Sam Atanacio

Eydyey Nopal

From

To

No. Hours

01/20/16 ### 01/20/16


01/21/16 ### 01/29/16
02/22/16
03/25/16
03/27/16
03/27/16
03/31/16
03/31/16
04/02/16
04/02/16

4 hrs.
15hrs.
180 hrs.
9 hrs.
6 hrs.
3 hrs.

01/20/16 ### 01/20/16


01/21/16 ### 01/29/16
02/22/16
03/25/16
03/27/16
03/27/16
03/31/16
03/31/16
04/02/16
04/02/16

4 hrs.
15hrs.
180 hrs.
9 hrs.
6 hrs.
3 hrs.

01/20/16 ### 01/20/16


01/21/16 ### 01/29/16
02/22/16
03/25/16

4 hrs
15 hrs.
180 hrs.

No. days

3 days
25 days

3 days
25 days

3 days
25 days

al Budgeted Days

Activity
Initiation
Planning
Performance
Progress Meetings
Closing
Completion
Initiation
Planning
Performance
Progress Meetings
Closing
Completion
Initiation
Planning
Performance

03/27/16
03/31/16
04/02/16

03/27/16
03/31/16
04/02/16

9 hrs.
6 hrs.
3 hrs.

Others:

Total No. of hours for supervisor & staff


Total No. of Hrs for per approved budget
Difference

700.00
700.00
-

REMARKS (if any):

Prepared by/Date:

12/22/2016

Mich Dela Pena


Audit Supervisor
Received by:
Camille Sta. Maria

Approved by/ Date:

Ness Fruita
Department Head
Date:
Time:
12/26/2014 10:00 AM

Progress Meetings
Closing
Completion

12/27/2016

Ness Fruita
Department Head