Dummy Working Paper

File Index

Please click here to view details:Word version of Dummy Working File

 

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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