D1

Triple A Dental Equipment Inc.

Accounts Receivable- Customers
December 31, 2021
PBC 11/21/2022

Confirmation Results
Customers Outstanding Balance Date Received Amount Confirmed
Abcede Dental Clinic 231,049.00
DM Marzo Dental Clinic, DMD 302,019.00 , 11/30/22 302,019.00
Dr. Diego Tolentino, DDS 350,000.00
Dr. Ramon Esguerra, DMD 100,000.00
Dra. Elizabeth Ramos, DDS 102,900.00 , No reply 0

Dra. Frances Meneses, DMD 509,490.00

Healthy Teeth Corp. 564,902.00
Malinis na Ngipin Foundation 1,201,902.00
Metro Antipolo General Hospital 5,982,011.00 , 11/30/22 5,982,011.00
Mobile Doctors Inc. 9,820,011.00 , 11/30/22 9,820,011.00
Pasig City Hospital 3,920,198.00 , No reply 0.00

Ramos-Ramos Dental Clinic 2,522,310.00 , 11/30/22 2,522,310.00

Rizal Provincial Hospital 3,210,398.00 , 11/30/22 3,210,398.00
Shiny White Dental Clinic 982,820.00
Spencer Clinic 890,499.00 , 11/30/22 780,499.00

Topacio Clinic 1,648,300.00 , No reply 0.00

 United Doctors Hospital 7,938,829.00 , No reply 0.00

40,277,638.00 F
Receivable from employees 71,454.00 x
40,349,092.00 TB

Performance Materiality 1,600,000.00

SCOPING
Key Items: Amount %age to Total Number of items
All items greater than P1,600,000 (PM) 35,042,057.00 87.00% 7
Related Party Transactions - 0.00% -
35,042,057.00 87.00% 7
Items outside initial scope 5,235,581.00 13.00% 10
40,277,638.00 17
For the items outside the initial scope, we randomly selected 3 additional items.

, Confirmation letters were sent out

x Below trivial; waived further procedures
/ Official receipt provided by the client was examined to determine if receivable has already been collected in the subsequent period; In order
& Invoice provided by the client was examined to determine if it was signed and received by the client since no subsequent collections have been ma
; Difference is due to the non-recognition of output VAT (12% of outstanding balance) as receivable (see VAT Column)

Conclusion:
Based on the procedures performed, the client's accounts receivable as of
December 31, 2021 are existing but incomplete. The recorded AR is not
complete as differences are observed due to the non-recognition of output
VAT when it should have been recognized within the AR account, resulting in
a material misstatement of Php 1,646,427.24 in the AR balance.
Based on the procedures performed, the client's accounts receivable as of
December 31, 2021 are existing but incomplete. The recorded AR is not
complete as differences are observed due to the non-recognition of output
VAT when it should have been recognized within the AR account, resulting in
a material misstatement of Php 1,646,427.24 in the AR balance.
on Results Examination of Subsequent Collections VAT (12%)
Difference Invoice No. Amount OR No. Amount Collected Difference

0.00

102,900.00 1122 35,851.20

12,348.00 12,348.00 / ;
1132 79,396.80

0.00
0.00
3,920,198.00 1125 101,024.00
1128 3,360,112.00
1137 483,852.32 470,423.76 470,423.76 / ;
1142 225,120.00
1153 220,513.44
0.00
0.00

110,000.00 839 200,000.00

917 580,499.00
876 123,200.00 No subsequent collection 13,200.00 13,200.00 & ;
1,648,300.00 665 261,060.80 No subsequent collection
684 88,480.00 No subsequent collection
197,796.00 197,796.00 & ;
 197,796.00 197,796.00 & ;
723 213,024.00 No subsequent collection
728 1,283,531.20 No subsequent collection
7,938,829.00 1113 4,093,488.00
1126 1,344,011.20
1139 896,324.80 952,659.48 952,659.48 / ;
1143 1,152,592.00
1148 1,405,072.48
Total difference 1,646,427.24 1,646,427.24
Not within the acceptable range

uent period; In order

t collections have been made; In order