四大审计底稿

Audit Program 31 December 2000 Prepared by Date Reviewed by Date Approved by Date CLIENT          YEAR END              AUDIT PROGRAM FOR  Cash & Bank    Ref            Audit Procedures - Nature, Timing and Extent            W.P. Ref.  Performed by                             _____ 1. Compare the listing of cash and bank accounts with those of prior periods and investigate any unexpected changes (e.g., credit balances, unusual large balances, new accounts, closed accounts) or the absence of expected changes.         _____ 2. Review interest received in relation to the average cash and bank balances.                       Cash balances _____ 3. (a) Obtain a copy of the list of balances of cash as at 31/12/1999 and 31/12/2000. (b) Check casting and agree total with general ledger control account.         _____ 4. Scan cash entries noting any unusual items and make further investigation where considered necessary.                       Bank Balances _____ 5. (a) Obtain a copy of the list of balances of bank as at the period end date; and (b) Check casting and agree total with general ledger control account.           6. Bank Confirmation request (Note 2)             (a) Get a standard bank confirmation request form from the stationery cupboard.             (b) Fill in the client name, our reference number and the period or year end date (please specify) for the bank to confirm.             (c) Give the partial completed form to the relevant client staff .             (d) Request the client to perform the following tasks: · Stamp the form with the company chop; · Have the form signed by an authorized signatory; · Fill in the balances in the appropriate boxes; · For items which are not applicable for the company, fill in “N/A” in the corresponding boxes; and · Confirm to us whether the form can be sent to the bank by mail or if the client is required to take the confirmation to the bank.                       CLIENT          YEAR END          31 December 2000    AUDIT PROGRAM FOR  Cash & Bank (Continued)    Ref            Audit Procedures - Nature, Timing and Extent            W.P. Ref.  Performed by Bank Balances (Continued)     (e) Check the completed confirmation form to ensure the following: · the balances agreed to the bank statements as at the confirmation date; · the form is properly signed; · the client has filled in all security and guarantee related matters on the bank confirmation; and · Send the bank confirmation form to the bank by post. Or If the client staff has to take the confirmation to the bank, arrange a staff to go with him/her. (Note 3)             (f) Keep copies of the confirmation in the file until replies are obtained from the banks.             (g) When replies are received, check the confirmations received to ensure that: · the forms were stamped and signed by the bank on the last page; and · the individual balances and information are endorsed by the bank staff personal chop. (Note 4)                       _____ 7. Examine the client’s bank reconciliation as at 31/12/2000 as follows:             a) agree book balance to Cash Book and General Ledger;             b) agree balance per bank statement to bank statement at the year end and bank confirmation received;             c) check casting of the bank reconciliation;             d) vouch all lodgments / lodgments with amount greater than RMB _____ * not clear to the cash book and bank statement in the following month ensuring all lodgments are cleared; (Note 5)             e) vouch all outstanding cheques / outstanding cheques with amount greater than RMB _____ * to the cash book and to the bank statement in the following month & note down the date when they are cleared; (Note 5)             f) obtain explanations from the client of all outstanding lodgments / lodgment with amounts greater than RMB_____ *;             g) investigate all stale cheques / stale cheques with amount greater than RMB_____ * issued for more than five / ten days *, and make appropriate adjustments thereof in the cash book and ledger; (Note 6)                               CLIENT        YEAR END          31 December 2000    AUDIT PROGRAM FOR  Cash & Bank (Continued)    Ref            Audit Procedures - Nature, Timing and Extent              W.P. Ref.  Performed by Bank Balances (Continued)     h) investigate all payments / payments with amount greater than RMB_____ * recorded by the bank but not recorded by the client, and make appropriate adjustments thereof in the cash book and ledger; (Note 6) and             i) investigate all receipts / receipts with amount greater than RMB_____ * recorded by the bank but not recorded by the client, and make appropriate adjustments thereof in the cash book and ledger. (Note 6)         _____ 8. Review the bank book for any unusual items (greater than RMB _____) such as: a) non-trading receipts or payments and b) transfers in and out of the bank accounts.         _____ 9. Select receipts larger than RMB ______ and payments larger than RMB ______ within ____weeks before and after the year end to ensure that they have been properly accounted for.         General           _____ 10. Review the cash and bank accounts in the general ledger for unusual items.         _____ 11. Review the cash disbursements and cash receipts registers for unusual items; investigate any such items observed.         _____ 12. Review bank confirmations, minutes, loan agreements and other documents for evidence of restrictions on the use of cash, or of liens, or security interests in, cash.         _____ 13. Consider the covenants and other narratives given in loan and other material agreements and determine compliance with the agreements and whether necessary disclosure have been made.         _____ 14. Consider the implications of client management practices that result in recurring short term loan to finance working capital. Consider inquiry of client management and alert your senior / executive should such short term loans be encountered in the audit.                           CLIENT              YEAR END          31 December 2000    AUDIT PROGRAM FOR  Cash & Bank (Continued)    Ref            Audit Procedures - Nature, Timing and Extent              W.P. Ref.  Performed by *          Delete as appropriate Note 1 i.  The cash count should be performed by cashier with the presence of a staff that normally is not involved    in the cashier function. ii. Cash certificate is acceptable only if the petty cash balance is considered as immaterial and / or the risk  associated is low/ minimal. Note 2 i.  Bank confirmations are sent on an individual branch basis, i.e. one confirmation per branch. ii.  Confirmation should also be sent to accounts closed during the year. iii. If either the bank or the client refuses to reply/send the confirmation, consider if there is a significant  limitation of our audit scope and its implications. Note 3 When it is not feasible for an EYHM staff to go with the client, we must reconsider if the confirmation obtained provides sufficient and reliable audit evidence due to the lack of independence. Note 4 Alternatively, the bank may issue its own bank certificate to confirm the deposits and loans balances and confirm that no other business transactions exiting. Note 5 The extent of vouching work depends on our assessment of the likelihood of errors occurring. Note 6 We have to consider the effect in aggregate regarding the unadjusted items which are below the amount stipulated in this procedure whenever one is set. CLIENT              YEAR END          31 December 2000    AUDIT PROGRAM FOR  Accounts Receivable    Ref            Audit Procedures - Nature, Timing and Extent              W.P. Ref.  Performed by                 1. Obtain or prepare a listing of accounts receivable and investigate             unusual balances. Credit balances, and accounts that may not be accounts receivable, or may not be properly classified as accounts receivable trade (e.g. consignment accounts, related-party or employee accounts ).           2. Trace the total in the customers’ ledger to the general ledger control             account: investigate reconciling items greater than ________ and unusual items.           3. Compare current period’s receivables as a percentage of net sales with             prior periods’ percentages. Compare discounts, returns, and allowances with prior periods (e.g. as 5 - 10% of sales).           4. As of 31/12/2000, perform confirmation procedures for accounts as follows:             a. Select key items (accounts greater than ________ and accounts with the following characteristics: long aging, or involved in legal case) for positive confirmation procedures.             b. Using a MUS or Random technique, select a representative sample or account (as determined through use of Audit Risk Table __________) for positive / negative confirmation procedures.             c. Trace information (i.e.. balance and addresses) from individual requests to the subsidiary records. Send requests and prepare confirmation statistics.             d. Trace confirmation replies to the trial balance and request the client to reconcile differences. Investigate explanations for differences greater than _______ and any unusual explanations.             e. Send second requests for all unanswered positive confirmation requests.             f. Examine subsequent cash receipts, shipping records, sales contracts, and other evidence to substantiate the validity of accounts for which no reply or an unsatisfactory reply was received.             g. Summarize the results of the confirmation procedures.           5. Test sales cut-off for service rendering greater than for the             Last days before year end and the first ___days after year end. Determine that the sales were recorded in the proper period through review of shipping documents, billings, sales register and other supporting documents.