LOAN RECEIVABLES

INITIALS
START:
CLIENT NAME: SIGN-OFF:
PREPARED:
PERIOD END: REVIEWED:

A. EXISTENCE/OCCURRENCE / RIGHTS AND OBLIGATIONS

NO. AUDIT PROCEDURES INITIALS COMMENT AND/OR WORKING REF.
Trace sales invoices
to sales and receivables journal or ledger

1
Checking of direct deposit into bank by
parties.

Check that all Disbursement voucher and

items are correctly authoriZed.

B. COMPLETENESS
NO. AUDIT PROCEDURES INITIALS COMMENT AND/OR WORKING REF.
Reconcile cash payments per books with
cash payments per bank.

3
Prepare or test bank reconciliation

4
Trace Disbursement voucher to cash
disbursment book or cash book.
5

C. VALUATION OR MEASUREMENT
NO. AUDIT PROCEDURES INITIALS COMMENT AND/OR WORKING REF.
6 Recalculate the payment made.

Examine the underlying documents.

D. PRESENTATION AND DISCLOSURE

NO. AUDIT PROCEDURES INITIALS COMMENT AND/OR WORKING REF.
 Check accuracy of accounts used by refering
to chart of accounts and adequate
disclosures are made in accordance with
PFRS.

8
 DATE

/OR WORKING REF.

https://www.tutorialspoint.com/auditing/auditing_modification_of_audit_program.htm

/OR WORKING REF.

/OR WORKING REF.

/OR WORKING REF.

t_program.htm
 REVENUE TRANSACTIONS
INITIALS
START:
CLIENT NAME: SIGN-OFF:
PREPARED:
PERIOD END: REVIEWED:

A. EXISTENCE/OCCURRENCE
NO. AUDIT PROCEDURES INITIALS COMMENT AND/OR WORKING REF.
Examine charge sales invoices.

1
Trace sales invoices
to sales and receivables journal or ledger.

B. COMPLETENESS
NO. AUDIT PROCEDURES INITIALS COMMENT AND/OR WORKING REF.
Reconcile cash payments per books with
cash payments per bank.

3
Prepare or test bank reconciliation

4
Trace Disbursement voucher to cash
disbursment book or cash book.
5

C. VALUATION OR MEASUREMENT
NO. AUDIT PROCEDURES INITIALS COMMENT AND/OR WORKING REF.
6 Recalculate the payment made.

Examine the underlying documents.

D. PRESENTATION AND DISCLOSURE

NO. AUDIT PROCEDURES INITIALS COMMENT AND/OR WORKING REF.
 Check accuracy of accounts used by refering
to chart of accounts and adequate
disclosures are made in accordance with
PFRS.

8
 DATE

/OR WORKING REF.

/OR WORKING REF.

/OR WORKING REF.

/OR WORKING REF.

 CASH PAYMENTS TRANSACTIONS
INITIALS
START:
CLIENT NAME: SIGN-OFF:
PREPARED:
PERIOD END: REVIEWED:

A. EXISTENCE/OCCURRENCE / RIGHTS AND OBLIGATIONS

NO. AUDIT PROCEDURES INITIALS COMMENT AND/OR WORKING REF.
Examine paid checks for appropriate
endorsement.

1
Check direct deposit into bank by parties.

Check that all Disbursement voucher and

items are correctly authoriZed.

B. COMPLETENESS
NO. AUDIT PROCEDURES INITIALS COMMENT AND/OR WORKING REF.
Reconcile cash payments per books with
cash payments per bank.

4
Prepare or test bank reconciliation

5
Trace Disbursement voucher to cash
disbursment book or cash book.
6

C. VALUATION OR MEASUREMENT
NO. AUDIT PROCEDURES INITIALS COMMENT AND/OR WORKING REF.
7 Recalculate the payment made.

Examine the underlying documents.

D. PRESENTATION AND DISCLOSURE

NO. AUDIT PROCEDURES INITIALS COMMENT AND/OR WORKING REF.
 Check accuracy of accounts used by refering
to chart of accounts and adequate
disclosures are made in accordance with
PFRS.

9
 DATE

/OR WORKING REF.

https://www.tutorialspoint.com/auditing/auditing_modification_of_audit_program.htm

/OR WORKING REF.

/OR WORKING REF.

/OR WORKING REF.

t_program.htm
 CASH RECEIPTS TRANSACTIONS

START:
CLIENT NAME: SIGN-OFF:
PREPARED:
PERIOD END: REVIEWED:

A. EXISTENCE/OCCURRENCE
NO. AUDIT PROCEDURES INITIALS COMMENT AND/OR WORKING REF.
For all entries in cash book/receipts journal, trace to the
prelisting of cash receipts and official receipts booklet.

For cash in bank, confirm bank balances.

2

Check sequence of official receipts booklet

3

Check cash withdrawal entries with Bank statements and

entries in cash book.
4

A. COMPLETENESS
NO. AUDIT PROCEDURES INITIALS COMMENT AND/OR WORKING REF.
Verify all cash receipts ( official receipts) are recorded by
reconciling daily listing(s) of cash receipts to cash book/receipts
journal.
5

C. VALUATION OR MEASUREMENT
NO. AUDIT PROCEDURES INITIALS COMMENT AND/OR WORKING REF.
Examine official receipts and verify that amount was
appropriate.

For cash in bank, obtain a bank cutoff statements and use them
to test the bank reconciliation made as of Statement of
7 Financial Position
D. PRESENTATION AND DISCLOSURE
NO. AUDIT PROCEDURES INITIALS COMMENT AND/OR WORKING REF.
Review account coding of entries/account used in the cash
book/receipts journal.

8
 INITIALS DATE

MMENT AND/OR WORKING REF.

MMENT AND/OR WORKING REF.

MMENT AND/OR WORKING REF.

MMENT AND/OR WORKING REF.
 Check cash
withdrawal entries
with Bank
WORKING PAPER statements and
entries in cash book.

WORKING PAPER BANK RECON