INDEX

GUIDANCE NOTES INDEX

SL# 1.1 1.2 1.3 1.4 2 2.1 2.2 2.3 2.4 3 3.1 3.2 3.3 3.4 4 4.1 4.2 4.3 4.4 4.5 4.6 4.7 5 5.1 5.2 5.3 5.4 5.5 5.6 5.7 6 6.1 6.2 6.3 6.4 6.5 7 7.1 Document Title Introduction Referencing system Forms Photocopying Control Accounts Partner completion Completion Planning Audit evidence Section D extensive analytical review Summary sheets Audit programmes Permanent audit file index APM overview Introduction Planning Assessment of risk and materiality Analytical review Tests of controls Collection of audit evidence Audit sampling Assessment of risk Introduction General risk assessment Specific risk assessment Reliability factors Vouching the total population Accountancy work and audit testing / Materiality Conclusion Materiality Introduction Basis of determining materiality The small company Determining materiality Conclusion Analytical Review Introduction Page # 1 1 1 2 2 2 2 3-5 6-20 20 20-21 21-23 23 24-25 25 25 25 26 26 26-28 28 28 28 28-31 31 31 32 32 32 33 33 33 33 34 34 35 36 36

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SL# 7.2 7.3 8 8.1 8.2 8.3 8.4 8.5 8.6 9 9.1 9.2 9.3 9.4 9.5 10 11 12 13

Document Title Timing and objectives of analytical review Procedures Conclusion Audit sampling Introduction Determining sample sizes Sample selection planning form Selecting the sample from the population Samples for compliance testing Conclusion Evaluation of errors Introduction Extrapolation of errors Projecting the value of errors Errors and materiality Conclusion Practical points on reviewing APM files PERT Chart on flow of APM schedules Guidance notes on the APM flow, Risk, Materiality, I/C Sample selection process in APM

Page # 36-38 38 38 38 39 40 40 41 41 41 41 41 42 43 43 43-49 50 51-53 54

AUDIT COMPLETION FILES INDEX

SL# 1 2 3 4 5 6 7 8 9 10 11 Document Title Audit File List Partner Completion Final Audit Completion File List Partner Completion Initial Audit Standards Review Questionnaire File Completion Questionnaire Pre-Partner Review File Completion Questionnaire Final Critical Review of Accounts Questionnaire Justification of Audit Report Summary of Unadjusted Errors Final Analytical Review Ref. # A A B B B2 B3.1 B3.2 B4 B6 B7 B9 Page # 55 56-57 58 59 60-64 65-67 68 69-70 71-72 73 74

The Institute of Chartered Accountants of Bangladesh, April 2009

AUDIT PLANNING FILES INDEX

C Audit Planning 1. Audit planning summary 1.1. Acceptance procedures 2. Audit planning checklist 2.1. Points forward from previous year 3, Planning memorandum 4. Notes of planning meeting 5. Systems and internal controls summary 5.1. Review of design & implementation of internal controls 6. Audit Risk Summary 6.1. Audit risk checklist 6.2. Risk response summary 6.3. Specific risk action plan 6.4. Detailed risk assessment 7. Preliminary analytical review 8. Materiality summary 9. Other planning schedules 9.1. Accountancy work planning 9.2. Sample size planning 9.3. Assignment planning timetable 9.4. Budget and performance summary 9.5. Job progress report 10. Optional programmes Opening balance and comparatives checklist Ref. # C1 C1.1 C2 C3 C4 C5 C5.1 C6 C6.1 C6.2 C6.3 C6.4 C7 C8 C9 C9.1 C9.2 C9.3 C9.4 C9.5 C10 Page # 75 76-79 80-83 --84 85 86 87-92 93 94 95-98 99 100-105 106 107 --108 109 110 111 112 --114

AUDIT CONTROL FILES INDEX

SL# 1 2 3 Document Title Assignment Planning timetable Budget and Performance Summary Job Progress Report Ref. # C9.3 C9.4 C9.5 Page # 110 111 112

AUDIT PROCEDURE FILES INDEX

SL# 1 2 3 4 5 Document Title Calling Over Sheet And Typing Instructions Opening Balance And Comparatives Checklist Extensive Analytical Review Operational Effectiveness of Controls Internal Control Evaluation Ref. # A2 C10 D S2 S3 Page # 113 114 115-119 120-123 124

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6 7 8 9

Internal Control Questionnaire Post Balance Sheet Events Going Concern Checklist Going Concern Conclusion

S4 T T1 T2

125-128 129-135 133 134

AUDIT PROGRAM FILES INDEX

SL# 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 Document Title Audit Program on Tangible Fixed Assets Investment Stock & WIP Debtors & Prepayments Sample selection Form All balance sheet items Bank Balance & Cash Creditors & Accruals Long term loans & deferred income Liability Charge Capital Reserve & Statutory Records Profit & Loss Account Sample selection Form All P & L items Related Party Transaction Income Tax VAT Other Statutory law Compliance Accounts Working Papers Checklist Ref. # F H I J J6 K L M N O R2 R4 R5 P U V2 W Page # 136-140 141-144 145-152 153-161 159 162-165 166-173 174-177 178-182 183-186 188-192 193 194-195 196-202 203-207 208 209

AUDIT PERMANENT FILES INDEX

SL# 1 2 3 4 5 6 7 8 Document Title Background information Details of bankers and professional advisors Know Your Client Checklist Register of laws and regulations Details of related parties Significant accounting policies New client checklist Register of non-audit services Page # 212 213 214-217 218 219 220 221-222 223

The Institute of Chartered Accountants of Bangladesh, April 2009