[CLIENT NAME]

Computation of sample size- Salaried employees

[Financial Year]

Sampling Method: NON-STATISTICAL (Judgemental)

PROCEDURE
1 Using the payroll register for salaried employees , select the high value or key items.

High Value items- pertains to employees with large amount of monthly salary.
Key items- pertains to employees that are member of key management personnel or with unusual amount of salary or may indicate risks of material
misstatement based on professional judgement.

2 Determine the representative population. Representative population is total population less the high value and key items.
3 Determine the additional number of sample size which is equal to representative population divided by performance materiality.
4 The total number of sample size is the high value/key items and additional sample size.
5 Were any of the selected items replaced? If yes, provide details of how many and the reasons (i.e., audit procedure was not applicable to the item).

NOTE
Ensure to accomplish 1600.107 Worksheet - Payroll and other expenses - Substantive sampling - Tests of details

ANALYSIS
1 High value and key items selected

(Basic Monthly
No. Employee No. Name (Optional) Position Salary*12) Payroll Register Per Contract
1 Jason David 1,782,000.00 148,500.00
2 Leonila Duran 3,612,000.00 301,000.00 314,600.00 (13,600.00)
3 Narcissus Duran 5,368,200.00 447,350.00 448,850.00 (1,500.00)
4 Armando Santosidad 6,712,800.00 559,400.00 No latest contract
5 Valentin Penol 1,362,000.00 113,500.00
6 Roy Noche 2,950,200.00 245,850.00
7 Djohanna Marinas 1,782,000.00 148,500.00 196,000.00 (47,500.00)
8 Jose Laurel Avanzado 1,237,800.00 103,150.00
24,807,000.00

2 Additional sample size

Particulars Amount Ref

Total population* 67,874,760.00 130.303 6,787,476.00 5,090,607.00
Less. High value and key item 24,807,000.00
Representative Population 43,067,760.00
Performance Materiality 5,090,607.00 420.
No. of additional samples 8
*Total population pertains to the total amount of salaries pertaining to 'salaried employees' only based on payroll register.

3 Select additional sample from the sales journal based on professional judgement. Exclude high value and key items already selected in No. 1.

(Basic Monthly
No. Employee No. Name (Optional) Position Salary*12)
1 Arnel Agcaoli 651,000.00
2 Alejandro Nenita 592,800.00
3 Ronie Balangue 604,800.00
4 Melody Fulgencio 807,600.00
5 Erwin Gomez 807,600.00
6 Joseph Ibale 995,400.00
7 Irene Orias 1,039,200.00
8 Antony Villarina 1,077,600.00
8 6,576,000.00
0 -Should be equal to No. of samples identified in No. 2

4 Details of the selected items replaced:

(Basic Monthly
No. Employee No. Name (Optional) Position Salary*12) Reason
1 0.00
2 0.00
3 0.00
4 0.00
5 0.00

Below are the items used as replacement:

(Basic Monthly
No. Employee No. Name (Optional) Position Salary*12) Method of selection
1 0.00
2 0.00
3 0.00
4 0.00
5 0.00

CONCLUSION
The aggregate amount of sample population is __________.

Total amount of high value a 24807000.00

Total amount of additional s 6576000.00
Aggregate amount of sample 31383000.00 130.125
Percantage of sample size over
the total population 46% *

*Ensure that the percentage represents the desired percentage of coverage or sufficient appropriate evidence.

AGM
6.23.17
130.101 05 (2)
1 of 2
 December
1 Jason David 154,500.00 135,308.33 eft.5.22.17
2 Leonila Duran -
3 Narcissus Duran -
4 Armando Santosidad 615,490.00 ok
5 Valentin Penol -
6 Roy Noche 253,300.00 265,308.33 eft.5.23.17
7 Djohanna Marinas 194,500.00 ok
8 Jose Laurel Avanzado 107,350.00 107,954.17 eft.5.19.17
9 Arnel Agcaoli 55,350.00 59,800.00 eft. 5.19.17
10 Nenita Alejandro 50,400.00 55,433.33 eft. 5.19.17
11 Ronie Balangue 51,950.00 None
12 Melody Fulgencio 69,400.00 72,366.67 eft.5.22.17
13 Erwin Gomez 69,400.00 72,366.67 eft.5.19.17
14 Joseph Ibale 85,500.00 88,833.33 eft.5.22.17
15 Irene Orias 90,100.00 92,679.17 eft.5.23.17
16 Antony Villarina 92,550.00 95,116.67 eft.5.18.17