Professional Documents
Culture Documents
PF PF-I PF-II PF-III PF-IV PF-V PF-VI PF-VII PF-VIII PF-IX PF-X
Update Control Sheet Status of the Entity Background Information List of Auditable Locations List of Bank Accounts List of Authorised Signatories External Factors Accounting Records and Accounting System Key Contacts Significant Audit Areas Significant Accounting Policies
Vision,
Financial Rules/Laws & Regulations/Service Rules Organization Chart Accounting Policies Chart Of Accounts Environmental laws and regulations Long-term contracts/and leases Loan agreements, instruments mortgages, debt
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Main Reference
Done by:
Date:
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Name of Entity/Organisation:
_______________________________________
_______________________________________ _______________________________________
File updated by: File updated by: File updated by: File updated by: File updated by: File updated by: File updated by: File updated by: File updated by: File updated by: File updated by:
___________________________ ___________________________ ___________________________ ___________________________ ___________________________ ___________________________ ___________________________ ___________________________ ___________________________ ___________________________ ___________________________
Date: _______________ Date: _______________ Date: _______________ Date: _______________ Date: _______________ Date: _______________ Date: _______________ Date: _______________ Date: _______________ Date: _______________ Date: _______________
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Form PF- I
Understanding of Entitys Business Status of Entity Name of Entity/Organisation:
Principal Address:
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Core Operational Activity/Corporate Plan (e.g. revenue collection/grants & contributions/construction, etc.)
Major Cost Centres (Employee related costs/Zakat distributions/other types, etc.) If these major cost centres are the same as the auditable locations listed on form PF III, they need not be repeated here.
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Entity/Department/Unit
District/Local Office/Formation
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10
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Name
Title
Tel.
Fax
11
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Finance
Accounts
12
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Residual Equity/Share Capital Liabilities & Commitments Deposits & Reserves Fixed Assets and Depreciation Investments Cash & Bank Loans and Advances Revenues/Receipts Purchase Costs/Payments Employee Related Expenses/Payments Operating Expenses/Payments Grants, Subsidies & Write offs Interest Payments Suspense & Clearing Other
13
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The auditor should list significant accounting policies, and changes thereto, applied by the entity. Significant policies may include: Staff retirement benefits pension & provident fund
Revenue recognition
14
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