2016 Audit of Rental Expenses - Luzon

Manpower Days
August 1 - October 15, 2016

Sun

Mon

Tue

August
Wed

7
14
21
28

1
8
15
22
29

2
9
16
23
30

3
10
17
24
31

Sun
4
11
18
25

Sun

Mon
5
12
19
26

Mon

Thu

Fri

Sat

4
11
18
25

5
12
19
26

6
13
20
27

September
Tue
Wed
Thu
6
13
20
27

7
14
21
28

1
8
15
22
29

Tue

October
Wed

Thu

Fri

Sat

2
9
16
23
30

3
10
17
24

Fri

Sat

Audit Days
5
5
5
5
2
22

2
5
5
5
5
22

0
5

10

11

12

13

14

15

16
23
30

17
24
31

18
25

19
26

20
27

21
28

22
29

10

29-Aug National Heroes Day

Manpower Days

54

Fieldwork Days

34

Auditors
Cassie Krisha Vince

Lisa

Maggi

Target Audit Process

Timeline
Audit Objectives, Audit Plan
Audit Program, Entrance Meeting,
Process Interview, Fieldwork
Fieldwork
Fieldwork

Fieldwork
Fieldwork
Fieldwork
Fieldwork
Fieldwork

Preparation of Summary of Audit Findings,

Exit Meeting
Preparation of Summary of Findings with
Management Response, Finalization and
Issuance of Final Audit Report

2016 Audit of Store Construction

May

Month

May - July 31, 2016

Date
Assigned Auditor

June

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 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

Deliverables

Count

Audit Plan

T
A

10

11

12

13

14

15

16

17

18

19 20 21 22

23 24 25 26 27

28

29

30

31

32

33

T T T T

T T T T T

T T T T

T T T T T

Audit Activities
I. Planning
Prepare Audit Objectives/Risks

T
A

T T

Audit Timeline

T
A

Audit Program

T
A
T

Prepare Audit Plan

Preparation of Time Budget
Preparation of Audit Work Program
Issuance of Audit Notification Letter

Letter of
Engagement

II. Fieldwork

III.

Entrance Conference

T
A

Data Gathering

Understanding of the process

Obtain and request necessary

documents, schedules,
contracts,etc

3 Testing/Analysis
Preliminary Audit Findings
1 Preparation of Summary of Audit Findings; approval of Ma'am Cel
Draft of Summary of Findings in the agreed format
1 Exit Conference
1 Sending of Summary of Audit Findings with response of audit client

IV.

Audit Client has 3 days to review Summary of Findings with response

Audit Report Writing
1 Preparation of the final draft of audit report
1 Finalization and completion of the final audit report

T
T
A
T
A
T
A
T
A
T
A

V.

VI.

Final Audit Report Issuance

1 Issue report
Final Audit Report Issuance
1 Prepare audit monitoring worksheet

Holidays:
May 5-6 - Corp Audit Team Building
May 9 - National Election

T
A
T
A

July
21 22 23 24 25 26 27 28 29 30 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
34

35

36

37

38

39

40

41

42

T T

T T

43 44 45 46 47

48

49

50

51

52

53

54

55

T T T T T

T
T

56

57

58

59

60

61

62