ABC COMPANY

TIME BUDGET ANALYSIS

DECEMBER 31, 2018

ACTUAL TIME CHARGES UPDATED AS OF

Actual Variance
Total Budget
ACTIVITIES / TASKS EQCR Partner Managet Supervisor Senior Staff (1) Staff (2) Time Under (Over)
Hours
Charges Budget

CLIENT ACCEPTANCE AND CONTINUANCE

C Client Acceptance and Continuance -
C Independence Evaluation -

PRE-PLANNING
P Knowledge of Business -
P Fraud Risk Assessment -
P Preliminary Analytical Procedures -
P Risk Assessment -

PLANNING
P Audit Planning Document -
P Materiality Determination -
P Discussion Among the Audit Team -
P Discussions with Management and Those Charged with Governance -

FIELDWORK
General Procedures
F Journal Entries -
F Work of Experts -
F Work of Other Auditors -
F Test of IT General Controls -
F Test of Activities Level Controls -
Substantive Procedures
F Operating Expenses -
F Other income -
F Finance cost -
F Cash -
F Other Asset -
F Accrued expenses -
F Other liabilities -
F Borrowings -
F Equity -
F Related Party Transactions -
F Tax Compliance Review -
Entity-wide Programs
F Going Concern -
F Compliance with Laws and Regulation -
F Subsequent Events -
F Litigation, Claims, Commitments and Contingencies -

REPORTING AND CONCLUSION

R Completion Checklist -
R Evaluation of Unrecorded Mistatements -
R Subsequent Event Review -
R Review of Financial Statements -
R Preparation and Review of ITR -
R Preparation & Review of Management Letter Comments -
R Preparation and Review of Reports of Other Auditors -
R Preparation of Client Representation Letter -
R Preparation and Review of other Deliverables (GFFS/SEC Schedules) -

OTHERS
O Review and Supervision from Pre-Planning to Reporting -
O Consultations -
O Archiving Files -
O Discussions and meeting with Client -

TOTAL HOURS - - - - - - - - - -

BILLING RATES 2,500.00 4,000.00 2,500.00 1,500.00 800.00 400.00 400.00

ESTIMATED CHARGES - - - - - - - -

PROPOSED AUDIT FEE

ESTIMATED RECOVERY RATE #DIV/0!

_______________________ _______________________ _______________________

Prepared by: Reviewed by: Approved by:
Audit Supervisor Audit Manager Audit Partner