ICAB

File Index

Section		Description of work
A	1	Final Accounts
	2	Referenced Trial balance
	3	Management Representation letter
	4	Management letter
	5	New audit report
	6	Disclosure checklist (IFRS , SEC, Companies Act 1994)
B		Completion documents
C		Planning Documents
D		Test of operating effectiveness (TOE)
E		Permanent file
F		Audit Program and Test of Details (TOD)
	F	Fixed Assets	PPE-AuditProgram
			PPE-TOD
	H	Investments	INVESTMENTS - Audit Program and TOD
			Summary Sheet -Investment
	G	Advance deposit and prepayments	Advances, deposits and prepayments-Audit Program _ TOD
			Summary sheet- Advance deposits and prepayments.
	I	Inventory and COGS	Audit Program-Inventory _ COGS
			I-2.1 Lead Schedule, openning balance confirmation
			I-2.2 Analytical Procedure-Inventory
			I-2.3 Physical Verification
			I-2.4 Valuation method of Inventory
			I-2.5 NRV test.
			I-2.6 Allowance for slow moving inventory
			I-2.7 Inventory Cutt off test
			I-2.8 COGS
			Inventory - Supporting - Stock count
	J	Trade and other receivables	Summary sheet- Trade and other receivables
			Trade and other receivables-Audit Program _ TOD
	K	Cash and bank balances	6. Cash and cash equivalant - Audit Program and TOD
			Summary sheet- Cash and Cash equivlant.
	L	Creditors and accruals	7. Audit Program- Trade payable
			7. Other payables Audit Program and TOD-
			7. TOD- TP 2.1- TOD L2.12
	M	Employee benefit and other Non-current liabilities	8. Audit Program-Employee benifit and other non current liabilities- Audit Programme
			8. TOD. Non current Liabilites and employee benifits
			Workings for Employees Welfare Fund
			Workings on employee Benifit and Non-current liabilities
	N	Capital reserve and statutory records	9. Equity- Audit Program and TOD
			Summary sheet-Equity
	O	Payroll	Payroll - Audit Program and TOD
	P	Taxation	10. Income tax - audit Program
			IT Computation
			Tax provision adequacy certificate from consultant.
			Taxation workings
			TOD IT_ DT_ VAT
			VAT audit Program
			VAT workings
	Q	Revenue	11. Revenue- Audit Program and TOD
			summary sheet- Revenue
	R	Related Party transaction	Audit Program-RPT
			Working on RPT including TOD
			Workings on related party transaction
			Workings on RPT Movement
	S	Expenditure	TOD Admin Expense
			XYZ Limited- expenses s

Disclaimer: Dummy audit working files have been prepared and published to improve the quality of audit documentation of member firms providing audit services in Bangladesh. Member firms providing audit services should not assume these dummy working files as absolute benchmark for the purpose of preparing and keeping audit documentation. Every audit client has unique characteristics and risks. International Standards on Auditing (ISA) also requires to exercise engagement partner’s judgment on a number of areas in conducting the audit of an entity. Therefore, member firms should use their professional knowledge, skill, experiences along with these dummy working files to keep adequate and appropriate working papers for each audit engagement. The preparers do not assume any liability for drawing an inappropriate audit opinion based on the working papers prepared on the basis of these dummy working files.

Update Date : 27/07/2020

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