Professional Documents
Culture Documents
CLIENT:
PERIOD:
SUBJECT:
Est.
Hrs
.
K/AP/
1
___________________________________________________
___________________________________________________
FIXED ASSETS AND DEPRECIATION
Phase/
Level
W/P
Ref.
Procedures
AUDIT OBJECTIVES
To determine whether:
A.
B.
C.
D.
E.
F.
G.
H.
Page: 1/11
By
Comments/Explanation
s
AUDIT PROGRAM
CLIENT:
PERIOD:
SUBJECT:
Est.
Hrs
.
K/AP/
1
___________________________________________________
___________________________________________________
FIXED ASSETS AND DEPRECIATION
Phase/
Level
W/P
Ref.
Procedures
SUBSTANTIVE PROCEDURES
1. Physical Verification
1.1
1.2
1.3
1.4
1.5
1.6
By
Comments/Explanation
s
AUDIT PROGRAM
CLIENT:
PERIOD:
SUBJECT:
Est.
Hrs
.
K/AP/
1
___________________________________________________
___________________________________________________
FIXED ASSETS AND DEPRECIATION
Phase/
Level
W/P
Ref.
Procedures
2.2
2.3
2.4
2.5
2.6
2.7
2.8
2.9
By
Comments/Explanation
s
AUDIT PROGRAM
CLIENT:
PERIOD:
SUBJECT:
Est.
Hrs
.
K/AP/
1
___________________________________________________
___________________________________________________
FIXED ASSETS AND DEPRECIATION
Phase/
Level
W/P
Ref.
Procedures
2.10
3. Additions
3.1
3.2
3.3
3.4
3.5
3.6
3.7
3.8
3.9
By
Comments/Explanation
s
AUDIT PROGRAM
CLIENT:
PERIOD:
SUBJECT:
Est.
Hrs
.
K/AP/
1
___________________________________________________
___________________________________________________
FIXED ASSETS AND DEPRECIATION
Phase/
Level
W/P
Ref.
Procedures
3.10
3.11
3.12
3.13
3.14
4. Deletions
4.1
4.2
4.3
4.4
By
Comments/Explanation
s
AUDIT PROGRAM
CLIENT:
PERIOD:
SUBJECT:
Est.
Hrs
.
K/AP/
1
___________________________________________________
___________________________________________________
FIXED ASSETS AND DEPRECIATION
Phase/
Level
W/P
Ref.
Procedures
4.5
4.6
4.7
4.8
4.9
4.10
4.11
4.12
4.13
5. Depreciation
5.1
5.2
5.3
By
Comments/Explanation
s
AUDIT PROGRAM
CLIENT:
PERIOD:
SUBJECT:
Est.
Hrs
.
K/AP/
1
___________________________________________________
___________________________________________________
FIXED ASSETS AND DEPRECIATION
Phase/
Level
W/P
Ref.
Procedures
5.4
5.5
5.6
5.7
5.8
5.9
5.10
5.11
5.12
Page: 7/11
By
Comments/Explanation
s
AUDIT PROGRAM
CLIENT:
PERIOD:
SUBJECT:
Est.
Hrs
.
K/AP/
1
___________________________________________________
___________________________________________________
FIXED ASSETS AND DEPRECIATION
Phase/
Level
W/P
Ref.
Procedures
5.13
5.14
5.15
5.16
5.17
6. Impairment
6.1
6.2
6.3
6.4
Page: 8/11
By
Comments/Explanation
s
AUDIT PROGRAM
CLIENT:
PERIOD:
SUBJECT:
Est.
Hrs
.
K/AP/
1
___________________________________________________
___________________________________________________
FIXED ASSETS AND DEPRECIATION
Phase/
Level
W/P
Ref.
Procedures
6.5
6.6
7. Revaluation
7.1
7.2
7.3
7.4
7.5
By
Comments/Explanation
s
AUDIT PROGRAM
CLIENT:
PERIOD:
SUBJECT:
Est.
Hrs
.
K/AP/
1
___________________________________________________
___________________________________________________
FIXED ASSETS AND DEPRECIATION
Phase/
Level
W/P
Ref.
Procedures
8. Borrowing Costs
8.1
8.2
9. Pledge / Mortgage
9.1
9.2
9.3
Page: 10/11
By
Comments/Explanation
s
AUDIT PROGRAM
CLIENT:
PERIOD:
___________________________________________________
SUBJECT:
Est.
Hrs
.
K/AP/
1
___________________________________________________
Phase/
Level
W/P
Ref.
Procedures
By
Comments/Explanation
s
Management Letter
Prepare management letter points including:
Internal control weaknesses;
Business improvement opportunities;
Legal non-compliance;
Accounting system deficiencies; and
Errors and irregularities not material at the
financial statements level.
Disclosure
Ensure appropriate disclosure in accordance with the
reporting framework and fill relevant portion of
Financial Statement Disclosure Checklist (FSDCL).
Supervision, review and conclusion
1.
2.
3.
4.
Audit conclusion
Based on the substantive test procedures, I/we performed as outlined above, it is my/our opinion that the audit objectives set forth at
the beginning of this audit program have been achieved, except as follows:
___________________________________________________________________________________________________________
___________________________________________________________________________________________________________
___________________________________________________________________________________________________________
__________
_____________
Page: 11/11
_________
________
AUDIT PROGRAM
CLIENT:
PERIOD:
SUBJECT:
Est.
Hrs
.
K/AP/
1
___________________________________________________
___________________________________________________
FIXED ASSETS AND DEPRECIATION
Phase/
Level
Date:____________
W/P
Ref.
Procedures
Signature
Job Incharge
Page: 12/11
By
Manager
Comments/Explanation
s
Partner