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Comprehensive Audit Index Guide

This document provides standard indexes and tickmarks used for auditing. It includes 17 indexes categorized by the type of financial information they include such as the audit report and financial statements, working trial balance, general audit work, planning notes, and directors/officers. It also lists 10 materiality categories from A to EE that cover assets, liabilities, equity, income and expenses. Finally, it outlines 12 standard tickmarks used to document the audit procedures performed and audit evidence obtained such as checking figures, confirmations, cash/inventory counts, document examination, and conclusions.

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Grecio Caguisa
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40 views2 pages

Comprehensive Audit Index Guide

This document provides standard indexes and tickmarks used for auditing. It includes 17 indexes categorized by the type of financial information they include such as the audit report and financial statements, working trial balance, general audit work, planning notes, and directors/officers. It also lists 10 materiality categories from A to EE that cover assets, liabilities, equity, income and expenses. Finally, it outlines 12 standard tickmarks used to document the audit procedures performed and audit evidence obtained such as checking figures, confirmations, cash/inventory counts, document examination, and conclusions.

Uploaded by

Grecio Caguisa
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd

Standard Indexes

Index Description of Index Inclusions


AFS Audit Report and Financial Auditors’ opinion
Statements Statements of Financial Condition
Statements of Financial Operation
Statements of Cash Flows
Schedules (if there is any)
Notes to Financial Statements

Also:

Statement of Representation to CDA


Ratios
Summary of Audit Findings
WTBA Working Trial Balance and Working Statement of Financial Condition
Adjustments Working Statement of Financial Operation
List of Adjustments
1. material
2. immaterial
GAW General Audit Work Summary of BOD resolutions during the year up to
date
Summary of confirmations sent and returned for
Receivables and Deposits
PARN Planning, Administration and Time sheets with explanations on deviations
Review Notes Review notes either by the supervisor or the auditor
himself)
DOSRI Directors, Officers, Staff and Audit program
Related Interests List of DOSRI accounts
Materiality
A Cash and cash equivalents Petty cash fund, revolving funds, cash on hands,
cash in banks and short-term placements
B Receivables Loans receivables, accounts receivables, cash
advances and receivables from accountable
employees
C Other current assets Prepayments, unused supplies etc aside from A and
B
D Investments Investments to other coops and other organizations
E Property and equipment Land, building, improvements, office furnitures and
equipments, others
F Other assets Property acquired in settlement of loan, land acquired
not used in the operation, etc.
AA Current Liabilities Accounts payable, accrued expenses, deposit
liabilities, unearned interests on loans, due to CETF,
PMC Standards Indexes and tickmarks Page 1 of 2
interest on share capital and patronage refund
payable,loans payable, current portion of LTD and
etc.
BB Long-term liabilities Long-term loans payable, retirement fund payable
CC Other liabilities Mutual aid payable, other funds
DD Members’ equity Share capital, donated capital
EE Statutory reserves General reserve fund, education and training fund,
optional fund.
10-50 Income Interest on loans and other income
60-100 Expenses All expenses

Standard Tickmarks

Audit Procedures Performed Standard Tickmarks

Checked against subsidiary ledger figures √


Checked against general ledger =
Cross-footings checked (additions and
subtractions) ^ (Placed to the right of the total figures)
Footings checked (additions and subtractions) ^ (Placed beneath total figures)

Results of confirmations request:


Confirming balances CB/conf
Reporting differences RD
Returned by post office RPO
No replies NR

Cash/inventory listings (pre-list or final list) ¢


quantities counted
Computation done by auditor Ø (provide details if necessary)
Examined the original documents (contracts,
leases, agreements, etc.) D
Examined and traced from official receipts R
Examined and traced from deposit slips Ds
Examined and traced from passbooks Pb
Notes to reviewer NTR
Audit observations AO
Conclusions Con

PMC Standards Indexes and tickmarks Page 2 of 2

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