Fs Audit

Currency used:
Year Ended: December 31, 20xx
WP Name: Work Program
WP Index: A-Work Program

Objectives:
RELEVANT ASSERTTIONS
the cashg and bank balances represent all cash that are owned and on hand, in trans
institutions, or in financial institutions or held in custody by others for the account of
the cash and bank balances are properly describe and classfied, and adequate disclo
restricted, commited or pledged) with respect wo these amounts have been made.
PROCEDURES

Completeness, Existence,
Valuation, Rights and Confirmation of Cash Balances
Obligations

Another Assertions Here Procedures

Completeness, Existence, and Expense

cut off

Right & Obligation, Exitence Inventory Balance

Classification and cut off Salaries & Wages Cost

Summary
all transaction had being prepared and progress
by intitutions or held by custody to the accounting entity
and properly classified.

Findings

the findings is Material weakness in internal

control and material noncompliance likely
opinion
modification for subrecipient monitoring.
 Prepared By: Kenneth S. Dagohoy

esent all cash that are owned and on hand, in transit to or form financial
tions or held in custody by others for the account of the entity, and are properly recoreded.
operly describe and classfied, and adequate disclosures.( including amounts
with respect wo these amounts have been made.
DESCRIPTION WP REFRENCE
Prepared and send
confirmation letter to
corresponding banks. A-01
Compare balance per books and balance per
confirmation . Investigation
when variance are noted.

Indicate steps in testing internal controls A-02

and financial accountant balances.

All inventory units that should recorded A-03

have been recognized in the financial statement
Any inventory held by a third party on behalf
of the audit entity has been included in the
inventory balance.

Audit entity owns or controls the inventory A-04

recognized in the financial statements. Any
inventory held by the audit entity on account of
another entity has not been recognized as part
of inventory of the audit entity.

Transactions recognized in the financial A-05

statements have occurred and relate to the entity.
d and progress
o the accounting entity
STATUS

In Progress

In Progress

In Progress

In Progress

In Progress