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Review Notes in Working Papers Review Notes in Working Papers

The document contains review notes from an auditor in working papers regarding a review of a corporate sales process. The notes include requests for clarification and additional information on findings from the audit. The auditor asks the reviewer to provide more details and evidence to support statements in the working papers such as elaborating on findings, including references, and indicating the status and explanations for sample exceptions.

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50 views16 pages

Review Notes in Working Papers Review Notes in Working Papers

The document contains review notes from an auditor in working papers regarding a review of a corporate sales process. The notes include requests for clarification and additional information on findings from the audit. The auditor asks the reviewer to provide more details and evidence to support statements in the working papers such as elaborating on findings, including references, and indicating the status and explanations for sample exceptions.

Uploaded by

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

RN-WP
AECS
REVIEW NOTES
REVIEW NOTES IN
IN WORKING
WORKING PAPERS
PAPERS
AECS
RCM-COSO
Review of
Review of Corporate
Corporate Sales
Sales Process
Process
RCM-COSO
Summary
For the
For the year
year 2020
2020
Summaryof
ofResults
Results
The Insular
The Insular Life
Life Assurance
Assurance Co.,
Co., Ltd.
Ltd.
TOC
TOC

WP. Ref / IAF no. Reviewer's Remarks

As of January 27, 2020


Please complete the tables (audit objectives should be filled-up)
RCM

I will provide an updated APT once you finalized your WP. Kindly copy and
APT paste it in your working papers (to avoid confusion)

WT-1 and WT-2 What do you mean by no monitoring of event transaction?

are there instances that some emails are received in junk? Do they check this
WT-3 regularly?

Please elaborate your statement in item a. Why it is not included in the


report?

As of February 5, 2020
Please put wp reference so that I can easily look the supporting worksheet to
SAF your finding.
BIR form 2303 refers to certificate of registration of the company to the BIR.
B Why there is remark of 2% in 2303? Should this remark be included in the
2307 and not2303?

What is the status of sample no. 16 (row81)?


For those samples with delayed remittance, did you check if the explanations
are valid? Can you indicate the explanation in the audit results?
D

Those cells with comment kindly hide.


All worksheets
Are these procedures done? If yes, kindly hide this worksheet
Sheet1
Auditor's remarks/action(s)
RN-WP
RN-WP
AECS
AECS
REVIEW NOTES
REVIEW NOTES IN
IN WORKING
WORKING PAPERS
PAPERS
Review of
Review of Corporate
Corporate Sales
Sales Process
Process
RCM-COSO
RCM-COSO
For the
For the year
year 2020
2020
Summary
Summaryof
ofResults
Results
The Insular
The Insular Life
Life Assurance
Assurance Co.,
Co., Ltd.
Ltd.
TOC
TOC

Finding Ref. Reviewer's Remarks

As of February 5, 2020
finding 2
Should we include also your observation on the required field?
Since in Product Page , the address and contact no can be left
blank. It should not proceed if it is a required field.

for the 8 samples, is there a reference number assigned to each


company? I would like you to present the table this way.
Finding3
reference/ account no Account Name

For the 12 samples, what is the document not available? Signed


checklist or copies of documents submitted?

How many samples are we referring here?


Finding 4 What are those incomplete documents?
How do we determine if the account is pending? Due to
incomplete reqts? No payment?
What are the contents of the monitoring reports? Is this an
official document in the CSD?

Findinf 5
Finding 6 and 7

ES

RATING
Auditor's remarks/action(s)

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