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BATANGAS STATE UNIVERSITY

COLLEGE OF ACCOUNTANCY, BUSINESS, ECONOMICS AND


INTERNATIONAL HOSPITALITY MANAGEMENT
Gov. Pablo Borbon Campus I, Batangas City, Philippines 4200
www.bat-state.edu.ph Telefax: (043) 300-2202 loc 114

DRAFT AUDIT PROGRAM


BLMOV Company
External Audit
Audit Program for Sta. Clara Multi-Purpose Cooperative

Project Details
Audit Entity: BLMOV Company

Audit Project: Sta. Clara Multi-Purpose Cooperative


Time Period:
Budgeted Time: 4 weeks

Audit Team Members


Name Initials
Engagement Partner: Daniel John F. Falo, CPA DJFF
Senior Auditor: Jennifer V. Matienzo JVM
Auditors: Ma. Paula V. Balangay MPVM
Jheves Anne L. Llegos JALL
Trisha Ann Rain O. Ortega TAROO
Merry Mariel S. Vergara MMSV

Audit Approach: Our approach with this audit engagement will consist of interviews
with the person in-charge of the making of the financial statements, doing walk-throughs,
observations and inspections of the business. The audit team will also use analytical
procedures and design substantive tests that will then be used in the audit process.

Audit Scope: This audit will focus on the compliance of Sta. Clara Multi-Purpose
Cooperative to the applicable laws and regulations.

Audit Objective(s) to verify whether;


 The financial statements are presented fairly in all material respects;
 Amounts and other data relating to recorded transactions and events have been
recorded appropriately;
 Transactions and events have been placed in the proper accounts;
 Financial information is appropriately presented and disclosures are clearly
expressed;
 All transactions that should have been recorded, have been recorded;
 Transactions and events have been recorded and disclosed
 Transactions have been effected in compliance with relevant laws, legislations or
regulations
 Transactions and events relating to the acquisitions of goods and services represent
the economical acquisition as well as efficient and effective use of resources

Audit Procedures
Audit Procedures Date
Accomplished
BATANGAS STATE UNIVERSITY
COLLEGE OF ACCOUNTANCY, BUSINESS, ECONOMICS AND
INTERNATIONAL HOSPITALITY MANAGEMENT
Gov. Pablo Borbon Campus I, Batangas City, Philippines 4200
www.bat-state.edu.ph Telefax: (043) 300-2202 loc 114
Discussion with people within the entity
Read corp
orate documents and financial reports
Perform test of details/Examine the actual details making up the
account balances
Tour within the facility
Investigate on identified fluctuations or relationships that are
inconsistent with other relevant information or that differ from
expected values by a significant amount
Inspect the books of the cooperative