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    SUMMARY SHEET - Advance Deposit and Prepayments: Client: Year End: File No. Ref

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    Shohag Raihan
    This document is a summary sheet for an audit of advance deposits and prepayments. It lists the audit objectives and key tests to satisfy each objective. The objectives are to ensure deposits and prepayments are appropriately disbursed, recorded, and aged. It also aims to check for impairment and proper valuation. The sheet indicates the number of planned key tests and whether the auditor is satisfied the objectives will be met. It concludes the planned work is sufficient to gain evidence and satisfy the objectives.

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    SUMMARY SHEET - Advance Deposit and Prepayments: Client: Year End: File No. Ref

    Uploaded by

    Shohag Raihan
    22 views2 pages
    This document is a summary sheet for an audit of advance deposits and prepayments. It lists the audit objectives and key tests to satisfy each objective. The objectives are to ensure deposits and prepayments are appropriately disbursed, recorded, and aged. It also aims to check for impairment and proper valuation. The sheet indicates the number of planned key tests and whether the auditor is satisfied the objectives will be met. It concludes the planned work is sufficient to gain evidence and satisfy the objectives.

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    Summary_sheet_Advance_deposits_and_prepayments

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    This document is a summary sheet for an audit of advance deposits and prepayments. It lists the audit objectives and key tests to satisfy each objective. The objectives are to ensure deposits and prepayments are appropriately disbursed, recorded, and aged. It also aims to check for impairment and proper valuation. The sheet indicates the number of planned key tests and whether the auditor is satisfied the objectives will be met. It concludes the planned work is sufficient to gain evidence and satisfy the objectives.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    22 views2 pages

    SUMMARY SHEET - Advance Deposit and Prepayments: Client: Year End: File No. Ref

    Uploaded by

    Shohag Raihan
    This document is a summary sheet for an audit of advance deposits and prepayments. It lists the audit objectives and key tests to satisfy each objective. The objectives are to ensure deposits and prepayments are appropriately disbursed, recorded, and aged. It also aims to check for impairment and proper valuation. The sheet indicates the number of planned key tests and whether the auditor is satisfied the objectives will be met. It concludes the planned work is sufficient to gain evidence and satisfy the objectives.

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    You are on page 1of 2

    Client: Year End: File No.

    Ref:

    SUMMARY SHEET — Advance deposit and prepayments


    Planning Final
    Number of Reference to Are you Comments Initials
    key tests bespoke tests satisfied
    which satisfy to be carried that the
    Audit objectives objective* out objectives
    have been
    met?

    1 To ensure that advance deposit B


    and pre-payments are disbursed 5 Yes
    and recorded appropriately.
    2 To ensure that ageing of advance Yes B
    8,9
    deposits and prepayments has
    been performed properly. To
    check subsequent realization
    3 To check impairment of advance B
    11 Yes
    deposit.
    4 To ensure that Advance deposit B
    12,13,14,15
    and prepayments are properly Yes
    valued, classified, and verified.

    Planning conclusion

    I am satisfied that from the tests planned sufficient evidence can be gained to satisfy the objectives.
    Prepared by: Date: ______________
    ___________A_____________________
    Reviewed by:
    Date: ______________
    __________________B_____________

    Final conclusion
    From the audit work carried out I confirm that:
    _ the work has been performed in accordance with the audit programme;
    _ the work performed and the results obtained have been adequately documented;
    _ all necessary information has been collected for the preparation of the statutory accounts, and
    _ in my opinion (subject to matters highlighted on B5 or B8)* debtors and prepayments are fairly stated.
    Prepared by: ________________________________ Date: ______________
    Date: ______________
    Reviewed by: _______________________________
    Alternative conclusion (ANY alternative conclusion MUST be referred to on B5 or B8)

    Prepared by: ________________________________ Date: ______________


    Reviewed by: _______________________________ Date: ______________
    * Delete if not applicable.

    Page 1 of 2
    Disclaimer: Dummy audit working files have been prepared and published to improve the
    quality of audit documentation of member firms providing audit services in Bangladesh.
    Member firms providing audit services should not assume these dummy working files as
    absolute benchmark for the purpose of preparing and keeping audit documentation. Every
    audit client has unique characteristics and risks. International Standards on Auditing (ISA)
    also requires to exercise engagement partner’s judgment on a number of areas in conducting
    the audit of an entity. Therefore, member firms should use their professional knowledge,
    skill, experiences along with these dummy working files to keep adequate and appropriate
    working papers for each audit engagement. The preparers do not assume any liability for
    drawing an inappropriate audit opinion based on the working papers prepared on the basis
    of these dummy working files.

    Page 2 of 2

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