DOMINGO SAVIO PRIVATE UNIVERSITY

FACULTY OF BUSINESS SCIENCES

NOMBRE Y APELLIDO:JOSE CARLOS GARCIA MONTAÑO

TEACHER: ANDRES HEREDIA MEDINA
SHIFT: NIGHT
SUBJECT: AUDIT II
ACADEMIC ACTIVITY: ACTIVITY N°8 DEVELOPMENT AND PRESENTATION
FROM AUDIT TO INCOME

SANTA CRUZ–BOLIVIA
2022

1
 H
EXAMINATION OF ACCOUNTING RECORDS AND FINANCIAL STATEMENTS OF
"NEW HORIZONS S.R.L" AS OF DECEMBER 31, 2016.

PROGRAM
DE
WORK
DEL

EXPENSES

2
 H/a
WORK PROGRAM (P/T)

EXAMINATION OF ACCOUNTING RECORDS AND FINANCIAL STATEMENTS OF

"NEW HORIZONS S.R.L" AS OF DECEMBER 31, 2016.

EXPENSES

I.- AUDIT OBJECTIVES

1. Verify the appropriate accounting record that supports the information contained in the
expense accounts according to accounting principles and accounting standards
legally established.
2. Verify the existence of valid and sufficient documentation that supports the
operations that confirm the integrity, valuation, and accuracy of the records
accounting as of 12/31/2016.
3. Verify that the expenses incurred are exclusive to the company and that they
properly presented in the Income Statement.

II.- PROCEDURE Ref. a P/T Made by

1. Establish through a summary statement that the balances J.C.G.M

expressed in the Income Statement as of 12/31/2016 shall be H/1
concordant with the major account analytics.

2. Analyze the expenses from a representative sample

carried out in the 2016 management and conduct tests of
internal controls based on regulatory procedures
established controls in order to verify:
a) Its correct accounting as management expenses
2016, regardless of whether they have been paid or not.
b) The sufficient
relevant.
supporting documentation and
H/2
c) That the calculations and arithmetic sums are correct
quantified according to what is specified in the
requirements or contracts for the service or good
acquired.
d) That the accrued amount has been correctly appropriated
the expenses, on the part of accounting and that they are
duly authorized and signed.

Based on a sample payroll of the staff

verify the following:
a) If the form adapts to the organizational structure
approved by the corresponding instances.
b) Its correct accounting appropriation.
c) That in the payroll sheet adjustments have been made H/3
only the discounts authorized by law and in the
established percentages between them the RC-IVA.

3
 d) Verify if the appropriate accounting is carried out
from employer contributions to CNS for 10% H/b
from the total of the payroll.
e) If proper accounting and payment are carried out
appropriate contribution of 12.21% in favor of the
AFP and the employer contribution of 1.71% of the total
payroll

4. Check if there are current agreements or contracts in place

management 2016, with institutions and/or companies that us
they provide the most relevant services, among those services the
following:
a) Fuel supply service for the H/4
company motorized vehicles.
b) Oil change and lubrication service for the
company vehicles.
c) Maintenance of air conditioning equipment.
d) Security and Surveillance Service.

III.- CONCLUSION
Based on the analysis carried out in the previous points, issue
a conclusion about the reasonableness of the records H/1
accountable and the balances of the EXPENSES recorded in the statement of
results as of 31/12/2016.

PREPARDO POR: Lic. Jose Carlos Garcia M. FECHA: 26 de enero de 2017

4
 H/1
EXAMINATION OF ACCOUNTING RECORDS AND FINANCIAL STATEMENTS OF
"NEW HORIZONS S.R.L" AS OF DECEMBER 31, 2016

PREPARED BY: JOSE CARLOS GARCIA MONTAÑO

FECHA:23-03-2017

FROM POINT 1 OF P/T

SUMMARY CERTIFICATE OF GRADUATION

ACCOUNT CODE BALANCE AS OF REF. a P/T BALANCE AS OF

31/12/2015 31/12/2016
500.00 Discharge 2,928,181.00 3,027,181.00

512-00 Operating Expenses 1,168,435.00 1,859,746.00✓

511-11 Cost of sale 1,759,746.00 1,167,435.00✓
TOTAL 2,928,181.00 3,027,181.00
T/R T
T Total amount of expenses
✓ Successfully confronted the balances presented in the Balance Sheet
General with the balances of the Analytics as of 12/31/2016

CONCLUSION OF POINT 1 OF THE P/T

From the analysis of the correspondence of the balances presented in the account analytics, we
it concludes that these are consistent with the balances of the Income Statement of the account
Discharge, procedure successfully completed for the P/T. See from H/1-1 to H/1-2.

GENERAL CONCLUSION OF THE EXPENDITURE ITEM.

From the analysis carried out on the Expense account for the management of 2016 and according to
audit procedures applied, in accordance with the Work Program, are
It concludes that the accounting records of the Expenditure are REASONABLE, with the exception of
the observations contained in point 3 of the P-T. see in H/3.

5
 H/2
EXAMINATION OF THE ACCOUNTING RECORDS AND FINANCIAL STATEMENTS OF
"NEW HORIZONS S.R.L" AS OF DECEMBER 31, 2016

PREPARED BY: JOSE CARLOS GARCIA MONTAÑO

FECHA:23-03-2017

FROM POINT 2 OF THE P/T

ANALYTICAL SHEET OF THE ACCOUNTING EXPENSE RECEIPTS

Substantive and compliance procedures.

T/R

Sample analyzed of the Expense Vouchers From point 3 of the P/T

Customer No.
Date Detail Amounts a b c d Obs
77 29-01-2016 Payment of salaries and wages 45.707,00
78 29-01-2016 Payment for services and goods 26.861,00
352 25-02-2016 Payment for services and goods 198,296.00
360 26-02-2016 Payment of salaries and wages 8,666,00
539 11-03-2016 Payment of wages and salaries 160,800.00
655 March 18, 2016Payment for services and goods 184,668.00
922 April 8, 2016 Payment of salaries and wages 64.450,00
1050 15-04-2016 Payment for services and goods 149.210,00
1661 29-05-2016 Payment of wages and salaries 19,117.00
1678 29-05-2016 Payment for services and goods 3,500.00
2116 25-06-2016 Payment of wages and salaries 118,368.00
2121 26-06-2016 Payment for services and goods 136.246.00
2572 11-07-2016 Payment of wages and salaries 143,643.00
2639 18-07-2016 Payment for services and goods 91.937,00
3080 08-08-2016 Payment of wages and salaries 110.518,00
3084 15-08-2016 Payment for services and goods 15.619,00
3387 29-09-2016 Payment of wages and salaries 135.061,00
3454 29-09-2016 Payment for services and goods 99.633,00
3518 25-10-2016 Payment of wages and salaries 142,126.00
3923 26-10-2016 Payment for services and goods 147.135,00
4081 11-11-2016 Payment of wages and salaries 8,500.00
4326 18-11-2016 Payment for services and goods 177,281.00
4613 08-12-2016 Payment of wages and salaries 108,000.00
4729 15-12-2016 Payment for services and goods 187.923,00
TOTAL Bs. 2,483,265.00

P7T procedure successfully completed

SAMPLE CRITERION
Total movement of the account expenses as of 31/12/2016 3,000,000.00 100%
Sample analyzed 2.483.265,00 82.8%
Total% of review 82.78%

The criterion of the analyzed expense sample is the review of receipts with value.
Equal upper 3,500 Bs.
6
 H/2-1
CONCLUSION OF POINT 2 OF P/T

In accordance with the applied audit procedures, the records are evidenced.
accounting according to the examined sample, it is concluded that the same is in compliance with
accounting standards and procedures, no deficiencies found, see in H/2-2
a H/2-4.

7
 H/2-2
DEVELOPMENT OF POINT 2 OF THE P/T OF THE LEASE EXIT (1)

According to applied audit procedures, I evidence that the company NEW

HORIZONTES S.R.L on 01-01-2010 receives a vehicle on lease
through a three-year contract for an amount of Bs. 68,250-, adjustments must be made
future receivables, as well as in case of return and in case of purchase in Bs.
28,000.

PPC = Paper Provided by Accounting

8
 Journal Book
DATE
TYPE
DETAIL MUST NEWS
H/2-3
CBTE.
01/01/2010 CDE …......................AD1…......................
Leased Vehicle 59,377.50
Tax Credit 2,957.50
Pending Tax Credit 5,915.00
Bank M/N 22.750,00
Lease Payable 45,500.00
G: Reception of vehicle under lease and payment
of the first installment.

31/12/2010 CDT …......................AD2…......................

Vehicle on Lease 1.040,76
A.I.T.B 1,040.76
Update of fixed assets.
31/12/2010 CDT AD3
Vehicle Depreciation in Leasing 12.083,65
Depreciated. Current. Vehicle in Arrangements. 12.083,65

Depreciation of fixed assets.

CDE AD4
Lease Payable 22,750.00
Tax Credit 2,957.50
Pending Tax Credit 2,957.50
Bank M/N 22,750.00
Payment of the 2nd installment of rent

12/31/2011 CDT AD5

Leased Vehicle 5.932,78
A.I.T.B 5.932,78

Fixed asset update.

31/12/2011 CDT AD6

Depreciation. Vehicle in Lease 13,270.21
Depreciation. Current. Vehicle in Arrangements. 13,270.21
Depreciation of fixed assets.

31/12/2011 CDT AD7

A.I.T.B 1,186.56
Depreciated Accumulated Vehicle in Arrangements. 1,186.56

Update of accumulated depreciation

01/01/2012 CDE …......................AD8…......................

Lease Payable 22,750.00
Tax Credit 2.957,50
Pending Tax Credit 2.957,50
Bank M/N 22.750,00
Payment of 3rd rent installment

12/31/2012 CDT AD9

Vehicle for Lease 3,166.30
A.I.T.B 3.166,30
Fixed asset update.

31/12/2012 CDT AD10

Depreciation. Vehicle in Leasing 13.903,47
Depreciation now. Vehicle in Arrangements. 13,903.47
Depreciation of fixed assets.

31/12/2012 CDT …......................AD11…......................

A.I.T.B 1.266,52
Depreciated. Currently. Vehicle in Equipment. 1.266,52
Update of accumulated depreciation

EQUAL SUMS 171,515.25 171,515.25

PPC= View brand in H/2-2

9
 H/2-4
REGISTRATION FOR THE RETURN OF THE VEHICLE

JOURNAL
DATE TYPE DETAIL MUST NEWS
01/01/2010 CDT …......................AD1…......................
Depr. Acum. Vehículo en Arredamiento 41.710,40
Loss in Vehicle Leasing 27,806.94
Leased Vehicle 69,517.34
For the vehicle return registration

EQUAL SUMS 69,517.34 69,517.34

REGISTRATION FOR THE PURCHASE OF THE VEHICLE

JOURNAL BOOK
TYPE
DATE DETAIL MUST NEWS
CBTE.
01/01/2010 CDT …......................AD1…......................
Vehicle 52.166,94
Accumulated Depreciation Vehicle in Lease 41.710,40
Tax credit 3.640,00
Bank M/N 69,517.34
Vehicle in Leasing 28,000.00
G: For the registration of the vehicle purchase, according to
invoice.
EQUAL SUMS 97,517.34 97,517.34

PPC= See brand in H/2-2

10
 H/3
EXAMINATION OF THE ACCOUNTING RECORDS AND FINANCIAL STATEMENTS OF
"NEW HORIZONS S.R.L" AS OF DECEMBER 31, 2016

ELABORATED BY: JOSE CARLOS GARCIA MONTAÑO

FECHA: 23-03-2017

FROM POINT 3 OF THE P/T

ANALYTICAL STATEMENT OF PAYROLL LISTS

Analytical and compliance procedures.

T/R

From a representative sample, the recalculation of the payroll was carried out in order to
establish the correct computation, see in H/3-1 to H/3-10.

A recalculation of the settlements of former employees was also carried out from a sample.
to verify its correct calculation, see H/3-11 to H/3/13.

CONCLUSION OF POINT 3 OF THE P/T

According to the applied audit procedures, the calculations of the

salary payrolls are properly prepared, in accordance with the
company policies and legal provisions, see in H/3-1 to H/3-10.

Also, a recalculation of a sample of the settlements was done, finding an error in the calculation of the
settlement of the former employee Mr. José Chuto, see in H/3-11 to H/3-13.

11
 H/3-1
DEVELOPMENT OF POINT 3 OF THE P/T OF THE GRADUATION PAYROLL (1)

FINDING 4

According to applied auditing procedures, I evidence that the accountant calculated

the following payroll was incorrectly prepared, and according to the accountant, it was a mistake
involuntary on their part:

Prepare the payroll with the following information:

March 2016. It is a commercial company, (if it were industrial it would be discounted)
the 1% for INFOCAL).

NAME DATE CARGO DAYS NEWS NUMBER OF HOURS NUMBER OF HOURS

OF INGR WORK BASIC EXTRAS NOCTURNAL
NORMAL
Piyo 18-02- Accountant 30 10,200.
2009
Peacock 01-07- Accounting Assistant 30 8.999. 24
2005
Duck 10-03- Driver 21 6,800. 16
2016
Chicken 01-02- Messenger 30 7.750
1998

A National Minimum Wage of Bs. 1,805.

Piyo presents Bs. 1,500.- in invoices for VAT credit.
Pavo presents Bs. 2,500.- of invoices for the deduction of its VAT
Chicken has a judicial withholding of 26% of his salary for family assistance according to provision.
of the judge
Pavo has a judicial withholding of 20% of his salary due to debt to DISMAC POR, according to order.
judicial
Pavo has his wife, who is 7 months pregnant, enrolled in the CNS.
Pollo has registered his newborn son with the CNS, and since the 5th month he has already received
subsidy
I received a funeral subsidy for the death of my 7-year-old daughter.
Piyo has delays in the work start time of bs. 220 according to HR.
Pavo has delays in the work start time amounting to bs. 160 according to HR.
Pavo has an advance of 600 bs.
Pato has an advance of 500 bs.
The calculation base for employer and employee contributions is Total Earned minus subsidy.

PPC=Papel Proporcionadopor Contabilidad

12
 H/3-2
JOURNAL BOOK
TYPE
DATE DETAIL MUST NEWS
CBTE.
30/03/2016 CDT …......................AD1…......................
Salaries and Wages 44,254.07
Salaries and Wages Payable 33.938,68
Labor Contributions Payable 4.706,94
RC-IVA to Pay 313.65
Advances to Personnel 1,100.00
Other Discounts Payable 4.194,80
For the provision of the Payroll for
March 2016.
30/03/2016 CDT …......................AD2…......................
Social Charges 15,443.21
Employer Contributions Payable 6.188,39
Provision for Christmas Bonus 3,084.94
Provision for Compensation 3,084.94
Primas to be Paid 3,084.94
For the provision of the social benefits sheet
in March 2016.
EQUAL SUMS 59,697.28 59,697.28

PPC= See brand in H/3-1

13
 H/3-3
NOMBRE O RAZON SOCIAL: EMPRESA COMERCIAL NUEVOS HORIZONTES S.R.L.
N° EMPLEADOR MINISTERIO DE TRABAJO
PLANILLA DE SUELDOS Y SALARIOS
CORRESPONDIENTE AL MES DE: MARZO 2016
(Expresado en Bolivianos)
TOTAL LIQUID
NEWS DATE INCOME BONUSES AND SUBSIDIES TOTAL DISCOUNTS
DESCUENTOS PAGABLE
BOOKLET OF NAMES AND DATE OF DAYS
No. CARGO BASICO DE GANADO AFP RC-IVA OTROS (L) (M)
IDENTITY SURNAMES INCOME PAID HOURS HOURS SUBSIDIES IN BONUS OF FAULTS OR
(A) NACIMIENTO (G) 12,71% ADVANCES 13% DESCTO H+I+J+K G-L
EXTRAS Nocturnes GENERAL ANCIENTNESS Delays
A+B+C+D+E (H) (J) (K)
1 2872962292 Piyo 18/02/2009 Contador 30,00 10.200,00 15/01/2001 0,00 0,00 1.805,00 596,00 12.601,00 1372,13 0 91,46 220,00 0,00 1.683,59 10.917,41
2 3838383833 Pavo 01/07/2005 Aux. de Contabilidad 30,00 8.999,00 22/08/1999 1.800,00 0,00 1.805,00 975,00 13.579,00 1496,41 600 72,42 160,00 1799,80 4.128,63 9.450,37
3 3393993939 Pato 10/03/2016 Chofer 21,00 4.760,07 01/07/1996 0,00 113,00 0,00 0,00 4.873,07 619,37 500 0,00 0,00 0,00 1.119,37 3.753,70
4 1616636366 Pollo 01/02/1998 Mensajero 30,00 7.750,00 09/06/1960 0,00 0,00 3.610,00 1.841,00 13.201,00 1219,03 0 149,77 0,00 2015,00 3.383,80 9.817,20
TOTALES 31.709,07 1.800,00 113,00 7.220,00 3.412,00 44.254,07 4.706,94 1.100,00 313,65 380,00 3.814,80 10.315,39 33.938,68

PPC= Check brand in H/3-1

14
 H/3-4

EMPRESA:COMERCIAL NUEVOS HORIZONTES S.R.L.

NIT:12885841 UFV inicial
Santa Cruz - Bolivia UFV final
PLANILLA TRIBUTARIA
CORRESPONDIENTE AL MES DE:MARZO DEL 2016
(Expresado en bolivianos)

Maintenance Balance of
News Two (2) Salaries Amount subject 13% of two (2) Balance in favor of of value of Balance of Tax Credit to
Number of F-110 13% of Credit Balance
Dependent code First Second Type of (I=Incorporation Amount of Minimums to tax RC Tax Salaries Net tax Balance in favor credit balance in favor of period Balance RC Tax favor of
Year Period Names Document of invoices del
RC-IVA Last name Last name document V=Current Net Income Nationals no (Base VAT Minimums RC-IVA from the Treasury period dependent anterior Used Withheld VAT dependent
Identity presentadas Dependent
D=Disassociated) Taxable Taxable Nationals anterior of the period updated for the month
anterior siguiente
q=o-p (if v=u(ifu<=q);
a b c d e f g h i j k l = j - k (if j > k) m=l*13% n o = m - n (if m > n) p r = p - o (if p > o) s t u=s+t w = q - v (if q > v) x=r+u-v
o>p) v=q (si q<u)
2016 MARCH 858658656 Piyo Velasco Gonzales 12885841 C.I V 9.424 3.610 5.814 756 469 286 195 91 0 0 0 0 0 91 0
2016 MARCH 875865556 Peacock Pérez Zapata 14658003 C.I V 10.277 3.610 6.667 867 469 397 325 72 0 0 0 0 0 72 0
2016 MARCH 393993999 Chicken Garcia Gutierrez 28288288 C.I I 8.372 3.610 4.762 619 469 150 0 150 0 0 0 0 0 150 0

TOTALES 28.073 10.830 17.243 2.242 1.408 834 520 314 0 0 0 0 0 314 0

PPC = See brand in H/3-1

15
 H/3-5
NOMBRE O RAZON SOCIAL: EMPRESA COMERCIAL NUEVOS HORIZONTES S.R.L.
EMPLOYER NUMBER MINISTRY OF LABOR
SOCIAL CHARGES FORM
CORRESPONDING TO THE MONTH OF: MARCH 2016
(Expressed in Bolivianos)

AO
PRTEP
SATRONALES SOCIALBENEFITS
T O TA L T O TA L
NAMEBRES
Y DATEOF T O TA L T O TA L
No. CARGO BENEFITS LOADS
SURNAMES INCOME C AT T L E AO
PRTES SOCIAL SOCIAL
CNS AFP PATRONAL AGUINALDO INDEMNITY PRIM A

10% 6.71% 8.33% 8.33% 8.33%

1 Piyo 18/02/2009 Contador 10.796,00 1079.60 724.41 1804.01 899.31 899.31 899.31 2697.92 4501.93

2 Peacock 01/07/2005 Aux. de Contabilidad 11,774.00 1177,40 790.04 1967.44 980,77 980.77 980.77 2942,32 4909.76

3 Duck 10/03/2016 Driver 4,873.07 487.31 326.98 814.29 405.93 405.93 405.93 1217.78 2032.07
4 Chicken 01/02/1998 Mensajero 9,591.00 959.10 643.56 1602,66 798.93 798,93 798.93 2396,79 3999.45
TOTALS 37.034,07 3703,41 2484,99 6188.39 3084.94 3084.94 3084,94 9254.81 15443.21

PPC= Check brand in H/3-1

16
 H/3-6
FINDING 5

According to applied audit procedures, I demonstrate that the accountant calculated.

the following payroll incorrectly:

Prepare the payroll with the following information:

Mes de febrero del 2016. Es una empresa comercial.

NAME DATE CARGO DAYS NEWS NUMBER OF HOURS NUMBER OF HOURS

OF INGREDIENTS WORK BASIC EXTRAS NOCTURNAL
NORMAL
José 01-01- Accountant 30 9,300.
2012
Peter 01-07- Accounting Assistant 30 8,800 8
2013
Carlos 16-02- Driver 15 6,100 10
2016
Jesus 01-01- Messenger 30 5,900
2008

A National Minimum Wage of Bs. 1,805.

José presents Bs. 850.- in invoices for the deduction of his VAT.
Pedro submits Bs. 500.- of invoices for his VAT deduction.
José has a judicial retention of Bs. 1,325 for family assistance according to the provision of
judge
Jesus has a judicial withholding of Bs. 780 from his salary due to a debt to the bank, according to the order.
judicial
José has his 4-month-old son enrolled in the CNS.
Jesus has affiliated his newborn daughter with the CNS, and since the 5th month, she has been receiving
subsidy
Pedro funeral subsidy for the death of his 14-year-old son.
José has delays in his work arrival time costing 70 according to HR.
Jesus has delays in his work entry schedule of Bs. 50 according to HR.
Pedro has an advance of 600 bs.
Carlos has an advance of 500 bs.
The basis for employer and employee contributions is Total Earned Minus subsidy.

PPC=Paper Provided by Accounting

17
 H/3-7
JOURNAL BOOK
TYPE
DATE DETAIL SHOULD NEWS
CBTE.
30/03/2016 CDT AD1
Salaries and Wages 36.438,00
Salaries and Wages Payable 29,270.74
Labor Contributions Payable 3.713,00
RC-IVA to Pay 129.26
Advances to Personnel 1,100.00
Other Discounts to be Paid 2,225.00
G: For the provision of the Payroll by the
February 2016.
30/03/2016 CDT ……......................AD2…......................
Social Charges 12.183,91
Employer Contributions Payable 4.882,33
Provision for Christmas Bonus 2,433.86
Provision for Compensation 2,433.86
Primas Payable 2,433.86
For the provision of the social benefits sheet
for the month of February 2016.
EQUAL SUMS 48,621.91 48,621.91

PPC= Check brand in H/3-6

18
 H/3-8
NOMBRE O RAZON SOCIAL: EMPRESA COMERCIAL NUEVOS HORIZONTES S.R.L.
EMPLOYER NO MINISTRY OF LABOR
PLANILLA DE SUELDOS Y SALARIOS
CORRESPONDIENTE AL MES DE: FEBRERO 2016
(Expresado en Bolivianos)

TOTAL LIQUID
news DATE INCOME BONUSES AND SUBSIDIES TOTAL DISCOUNTS
DISCOUNTS PAYABLE
NOTEBOOK OFNAMES AND DATE OF DAYS
No. CARGO BASIC DE CATTLE AFP RC-IVA OTHERS (L) (M)
IDENTITY LAST NAMES INCOME PAID HOURS HOURS SUBSIDIES IN BOND OF ABSENCES OR
(A) BIRTH (G) 12.71% ADVANCES 13% DESCTO H+I+J+K G-L
EXTRAS NOCTURNAL GENERAL ANTIQUTY Delays
A+B+C+D+E (H) (J) (K)
1 2872962292 Jose 01/01/2012 Contador 30,00 9.300,00 15/01/2001 0,00 0,00 1.805,00 271,00 11.376,00 1216,00 0 36,96 70,00 1325,00 2.647,96 8.728,04
2 3838383833 Pedro 01/07/2013 Accounting Assistant 30,00 8,800.00 22/08/1999 587.00 0.00 1.805,00 271,00 11.463,00 1227,00 600 92.29 0.00 0.00 1,919.29 9,543.71
3 3393993939 Carlos 16/02/2016 Chofer 15.00 3.050,00 01/07/1996 0.00 64,00 0.00 0.00 3.114,00 396,00 500 0.00 0.00 0,00 896.00 2.218,00
4 1616636366 Jesus 01/01/2008 Mensajero 30,00 5.900,00 09/06/1960 0,00 0,00 3.610,00 975,00 10.485,00 874,00 0 0,00 50,00 780,00 1.704,00 8.781,00
TOTALS 27.050,00 587,00 64.00 7.220,00 1.517,00 36,438.00 3.713,00 1,100.00 129.26 120,00 2,105.00 7,167.26 29,270.74

PPC= See brand in H/3-6

19
 H/3-9
EMPRESA:COMERCIAL NUEVOS HORIZONTES S.R.L.
NIT:12885841 UFV inicial
Santa Cruz - Bolivia UFV final
PLANILLA TRIBUTARIA
CORRESPONDIENTE AL MES DE:FEBRERO DEL 2016
(Expresado en bolivianos)

Maintenance Balance of
News Two (2) Salaries Amount subject 13% of two (2) Balance in favor of of value of Balance of Tax Credit to
Number of F-110 13% of Balance in Favor
Dependent code First Second Type of (I=Incorporation Amount of Minimums to tax RC Tax Salaries Net tax Balance in favor dependent balance in favor ofperiod Balance Tax RC- in favor of
Year Period Names Document of invoices delete
RC-IVA Last name Last name document V=Current Net Income Nationals no (Base VAT Minimums RC-IVA of the Treasury period dependent anterior Used Withheld VAT dependent
Identity presented Dependent
D=Disassociated) Taxable Taxable Nationals previous from the period updated for the month
anterior siguiente
q=o-p (if v=u(ifu<=q);
a b c d e f g h i j k l = j - k (if j > k) m = l * 13% n o = m - n (if m > n) p r = p - o (if p > o) s t u=s+t w = q - v (if q > v) x=r+u-v
o>p) v=q (si q<u)
2016 FEBRUARY 858658656 Jose Velasco Gonzales 12885841 C.I V 8.354 3.610 4.744 617 469 147 111 37 0 0 0 0 0 37 0
2016 FEBRUARY 875865556 Pedro Pérez Zapata 38383883 C.I V 8.430 3.610 4.820 627 469 157 65 92 0 0 0 0 0 92 0
2016 FEBRUARY 393993999 Jesus Garcia Gutierrez 28288288 C.I V 6.001 3.610 2.391 311 469 0 0 0 0 0 0 0 0 0 0

TOTALES 22.785 10.830 11.955 1.554 1.408 305 176 129 0 0 0 0 0 129 0

PPC= Verify brand in H/3-6

20
 H/3-10
NAME OR COMPANY NAME: NEW HORIZONS COMMERCIAL COMPANY S.R.L.
N° EMPLOYER MINISTRY OF LABOR
SOCIAL CHARGES FORM
CORRESPONDING TO THE MONTH OF: FEBRUARY 2016
(Expressed in Bolivianos)

PATRONAO
LO
PRATES SOCIALBENEFITS
T O TA L T O TA L
NAMEBRES
Y DATEOF T O TA L T O TA L
No. CARGO BENEFITS LOADS
APLASTNAMES INCOME C AT T L E AO
PRTES SOCIAL SOCIAL
CNS AFP PATRONAL AGUINALDO INDEMNIFICATION PRIM A

10% 6.71% 8.33% 8.33% 8.33%

1 Jose 01/01/2012 Contador 9,571.00 957.10 642.21 1599.31 797.26 797.26 797.26 2391,79 3991.11
2 Peter 01/07/2013 Accounting Assistant 9,658.00 965.80 648.05 1613.85 804.51 804.51 804.51 2413.53 4027.39
3 Carlos 16/02/2016 Driver 3.114,00 311.40 208.95 520.35 259.40 259.40 259.40 778.19 1298.54
4 Jesus 01/01/2008 Mensajero 6.875,00 687.50 461.31 1148.81 572.69 572,69 572.69 1718.06 2866.88
TOTALS 29.218,00 2921.80 1960.53 4882.33 2433.86 2433.86 2433,86 7301.58 12183.91

PPC= Check brand in H/3-6

21
 H/4
EXAMINATION OF THE ACCOUNTING RECORDS AND FINANCIAL STATEMENTS OF
"NEW HORIZONS S.R.L" AS OF DECEMBER 31, 2016

PREPARED BY: JOSE CARLOS GARCIA MONTAÑO

FECHA:23-03-2017

FROM POINT 4 OF THE P/T

ANALYTICAL SHEET OF CONTRACTS AND AGREEMENTS

T/R

The Administrative Management was requested to provide us with photocopies of the contracts and
agreements that are in place with the various industry companies that provided services more
relevant to "NEW HORIZONS S.R.L" for the 2016 management according to the following
detalle:

COMPANY DETAILS CONTRACT FROM UNTIL

Fuel supply service YES 02-01-16 31-12-16

Vehicle maintenance service YES 02-01-16 31-12-16

Security and surveillance service YES February 1, 2016

31-12-16

Maintenance service of YES 02-01-16 31-12-16

air conditioner

Cleaning service YES 02-01-16 December 31, 2016

CONCLUSION OF POINT 4 OF P/T

In accordance with the audit procedure applied in the verification of the

different service provision contracts provided to the company for the 2016 management
the existence of these is evidenced, see in H/4-1 to H/4-15.

22
 H/5
Prepared by: JOSE CARLOS GARCIA MONTAÑO

Fecha: 23-03-2017

Audit of the Financial Statements and Accounting Records of 'NEW'

"HORIZONTES S.R.L" as of 12/31/2016.
(Expressed in bolivianos)
EXPENSE ACCOUNT
DEFICIENCY FORM

Ref DEFICIENCIES Ref. a

P/T Infor

H/3 1. NO SALARY INCREASE WAS ACCRUED OR PAID TO TWO A-3/6

WORKERS FOR THE MONTH OF DECEMBER 2016. a
According to procedures The applied audit evidenced the company's accountant.o A-3/7
I include in the payroll for December 2016, already paid, the increment.
of salary to two workers according to the detail with the basic salary.

According to the legal provision of the government in its article 5, it establishes the increase.
the corresponding amount is 15% of the basic salary for the 2016 management.

According to the accountant's explanation, it was an unintentional error on his part not to include
these two workers on the payroll with a salary increase.

The non-payment of the salary increase, the company could be fined by the labor ministry.
as a social conflict could also arise with the workers, due to the unpaid amount
quantified according to the form proposed by the audit.

It is recommended that senior management instruct the accountant to make the appropriate adjustments according to
what was proposed by the audit, as well as that the accountant exercise greater care in their work
its corresponding work.

23