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  • Audit Program (PPE)

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    Ynnejesor Aruges
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    The audit program summarizes the planned procedures to audit property, plant, and equipment accounts for a specific agency and period. It will verify the existence and completeness of recorded PPE by obtaining a physical inventory report, sampling physical verification of inventories and PPE, documenting any discrepancies found, and issuing an AOM if needed.

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    Audit Program For Property, Plant and Equipment

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    The audit program summarizes the planned procedures to audit property, plant, and equipment accounts for a specific agency and period. It will verify the existence and completeness of recorded PPE by obtaining a physical inventory report, sampling physical verification of inventories and PPE, documenting any discrepancies found, and issuing an AOM if needed.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    5 views1 page

    Audit Program (PPE)

    Uploaded by

    Ynnejesor Aruges
    The audit program summarizes the planned procedures to audit property, plant, and equipment accounts for a specific agency and period. It will verify the existence and completeness of recorded PPE by obtaining a physical inventory report, sampling physical verification of inventories and PPE, documenting any discrepancies found, and issuing an AOM if needed.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    AUDIT PROGRAM

    Agency/Project :
    Audit Period :

    Account : PPE
    Risk Statement/s : Recorded PPE accounts may not be complete as of balance sheet date.
    Assertion/s : Existence, accuracy and completeness
    Audit Objective/s : To determine the existence and completeness of the recorded accounts.

    WP Staff
    Audit Procedures Ref. Mandays
    Responsible
    1. Obtain a copy of the latest Physical Inventory Report.
    2. Physically verify, on sampling basis, the existence and
    status of all Inventories and PPE included in the
    Physical Inventory Report. (was not able to verify since
    no Physical Inventory Report was submitted)
    3. Prepare audit working papers and take note of
    discrepancies, if any.
    4. Prepare and issue AOM, if warranted.

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