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    Revenue Working Papers 2019

    Uploaded by

    Farhan Osman ahmed
    1. The document describes audit work performed on revenue for the period ending December 31, 2019. 2. A sample of revenue transactions was selected and tested against supporting documents like contracts, invoices, receipts and delivery notes. 3. The tests ensured amounts were correctly recorded in the ledger, invoices were sequentially numbered and approved, and invoices were posted in the correct period.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd

    Revenue Working Papers 2019

    Uploaded by

    Farhan Osman ahmed
    38 views9 pages
    1. The document describes audit work performed on revenue for the period ending December 31, 2019. 2. A sample of revenue transactions was selected and tested against supporting documents like contracts, invoices, receipts and delivery notes. 3. The tests ensured amounts were correctly recorded in the ledger, invoices were sequentially numbered and approved, and invoices were posted in the correct period.

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    Revenue working papers 2019

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    1. The document describes audit work performed on revenue for the period ending December 31, 2019. 2. A sample of revenue transactions was selected and tested against supporting documents like contracts, invoices, receipts and delivery notes. 3. The tests ensured amounts were correctly recorded in the ledger, invoices were sequentially numbered and approved, and invoices were posted in the correct period.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    38 views9 pages

    Revenue Working Papers 2019

    Uploaded by

    Farhan Osman ahmed
    1. The document describes audit work performed on revenue for the period ending December 31, 2019. 2. A sample of revenue transactions was selected and tested against supporting documents like contracts, invoices, receipts and delivery notes. 3. The tests ensured amounts were correctly recorded in the ledger, invoices were sequentially numbered and approved, and invoices were posted in the correct period.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 9

    Client: Schedule ref: H7

    Period: 31ST DECEMBER 2019 Prepared by: AT


    Subject: REVENUE Date: 17/2/2020
    Reviewed by :
    Reviewed by :

    2019
    USD

    Revenue GL

    Key:
    GL - Agreed to General ledger

    Work done:
    - Performed substantive tests
    - Performed cut off tests
    Client: DAA'UUS ADVERTISING AGENCY Schedule ref: H7.1
    Period: 31ST DECEMBER 2019 Prepared by: AT
    SubjeSales System notes Date: 17/2/2020
    Reviewed by :
    Reviewed by :

    Sales personnel / staff


    Batch and Sales system

    Sales department is responsible for pricing and sales manager will approve the price. Design
    department and sales team will document the requirement of the customer and customer will sign.

    Customer will make full payment before processing his product government and big NGO's will sign
    a contract and purchase order, they will be later when service is done, customer will sign a delivery
    note or acceptance latter product package "Hanad' will have a contract signed by the manafing
    director

    Summary work done


    1 Verifed income to supporting document i.e. Contracts, invoice, receipt, delivery note
    2 Verified whether amounts are fairly stated in the ledger as per the invoice
    3 Verified whether invoices in the income ledger are sequentially numbered for completeness
    4 Verified whether invoice adequately approved by the director before being proceesed to the customer
    5 Confirmed whether invoice were posted in the correct period for cut-off

    Conclusion
    Findings/Observations Opinion A.25 A.27 A.52
    yes
    i) No Yes
    Conclusio Ref
    Raise ML p
    H.7.2
    Client:
    Subject: Revenue - test of details
    Period: 31 December 2019

    Objective:
    To obtain sufficient and appropriate evidence to ensure that revenue transactions occurred and are accurately recorded.

    Sample size
    - Randomly selected

    Source
    Ledger

    Work done:
    We selected our sample and verified the following:
    1 Verify income to supporting document i.e. Contracts, invoice, receipt, delivery note
    2 Ensure amounts are fairly stated in the ledger as per the invoice
    3 Ensure invoices in the income ledger are sequentially numbered for completeness
    4 Ensure invoice adequately approved by the director before being proceesed to the customer
    5 Ensure invoice posted in the correct period for cut-off

    Date Invoice No Details of sales Amount in USD

    1
    2
    3
    4
    5
    6
    7
    8
    9
    10
    11
    12
    13
    14
    15
    16
    17
    18
    19
    20
    21
    22
    23
    24
    25
    26
    27
    28
    29
    30
    31
    32
    33
    34
    35

    Total sample -
    Total population -
    Sample size #DIV/0!
    Key:

    Findings:

    Conclusion:
    There is nothing to indicate that the auidt objectives have not been met. Except findings noted above
    Ref: H7.2
    Prepared by AT
    Date: 17/2/2020
    Reviewed by:

    recorded.

    Audit tests
    Note
    1 2 3 4 5
    Client:
    Subject: Revenue - test of details
    Period: 31 December 2019

    Objective:
    To obtain sufficient and appropriate evidence to ensure that revenue transactions occurred and are accurately recorded.

    Sample size
    - Randomly selected

    Source
    Ledger

    Work done:
    We selected our sample and verified the following:
    1 Verify income to supporting document i.e. Contracts, invoice, receipt, delivery note
    2 Ensure amounts are fairly stated in the ledger as per the invoice
    3 Ensure invoices in the income ledger are sequentially numbered for completeness
    4 Ensure invoice adequately approved by the director before being proceesed to the customer
    5 Ensure invoice posted in the correct period for cut-off

    Date Invoice No Details of sales Amount in USD

    1
    2
    3
    4
    5
    6
    7
    8
    9
    10
    11
    12
    13
    14
    15
    16
    17
    18
    19
    20
    21
    22
    23
    24
    25
    26
    27
    28
    29
    30
    31
    32
    33
    34
    35

    Total sample -
    Total population -
    Sample size #DIV/0!
    Key:

    Findings:

    Conclusion:
    There is nothing to indicate that the auidt objectives have not been met. Except findings noted above
    Ref: H7.2
    Prepared by AT
    Date: 17/2/2020
    Reviewed by:

    recorded.

    Audit tests
    Note
    1 2 3 4 5

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