Professional Documents
Culture Documents
1 Lead schedule
3 Details of plan
I. AUDIT OBJECTIVES
Assertions
1. To establish share-based payment transactions are correctly recorded and accounted for in the
E, R&O, C, V
balance sheet and profit or loss.
2. To establish all necessary disclosures concerning share-based payment transactions are accurately
made and that the information is appropriately presented and described in the financial statements. P&D
Yes No Comments
3. Was the assessed risk during the prior period for the account classified
as Medium or High?
Document nature of the account balances using above risk considerations. Determine if these considerations represent
specific risks. (Transfer risk to C8)
Performance materiality
[Materiality/IR Factor]
Yes No Comments
For risks identified in C8, perform the audit procedures per C9.
1. Step B
Is the account balance significant (amount > PM) or expected to be significant at the end of the reporting period?
Is fair value assessment of the share-based payment transactions performed by the management?
2. Step C
V. PLANNING CONCLUSION
I am satisfied from the planned tests, sufficient appropriate evidence can be obtained to meet the audit objectives.
Date: Date:
Results
Initials and
WP ref satisfactory
date
Y/N
A. General
B. Share-based payment
Results
Initials and
WP ref satisfactory
date
Y/N
VI. CONCLUSION
Yes No NA Comments
2. The work has been performed as planned and the findings and
results have been adequately documented.
Yes No NA Comments
6. Initial materiality and/or risk assessment need not be revised in If no, include in A4 and
view of the audit evidence obtained. consider the impact on
the remainder of the
audit work and on any
work undertaken to
date.
7. Sufficient appropriate evidence has been obtained to support If no, include in A4 and
the audit objectives. consider the effect on
audit opinion in A6.
Date: Date:
Results
Initials and
WP ref satisfactory
date
Y/N