This document outlines an audit programme for cash for the client Sheridan AV for the year ending March 31, 2021. It details the audit assertions to be tested regarding cash, including presentation and disclosure, accuracy classification and valuation, rights and obligations, completeness and cut off, and existence or occurrence. The audit objectives and tests to be carried out are described for each assertion, such as analytical procedures, bank confirmations, and bank reconciliations. The auditor found issues with the bank reconciliation not matching the balance in the books and a large amount of cash held outside of the bank.

1. St. Paul University Surigao
(St. Paul University System)
Cor. San Nicolas and Rizal Streets
8400 Surigao City, Philippines
AUDIT PROGRAMME
CASH
Name of Client Sheridan AV
Year-end March 31, 2021
Name of Auditor (s) STEPHANI CRIS V. BONITE
Cash relates to the monetary assets held by a company. Substantive testing should be
carried out at year end on the Statement of Financial Position to gain evidence regarding the
following assertions:
 Presentation and disclosure
 Accuracy classification and valuation
 Rights and Obligations
 Completeness and cut off
 Existence or Occurrence
The following substantive tests were carried out on the cash showing on the Statement of
Financial Position:
Audit Assertion Audit objective Test(s) to be carried out Details of testing Date and
signature
Presentation
and Disclosure
Monetary assets
are properly
identified and
classified in the
financial
statements.
Perform analytical
procedures:
Calculateratios
Analyseratio results
Check opening balances
to previous years’
accounts to ensure
properly brought
forward.
Check figures per the
cash book to the
financial statements to
ensure amounts have
been extracted correctly.
Compare statement
presentation with
applicableaccounting
In the wake of figuring
proportionsitshowsthat
the organization'smoney
proportionisequivalent
to 0.53. It impliesthatthe
organizationhave less
moneyandmoney
reciprocalsthanthe
currentliabilities.It
impliesthatthe
organizationutilizedits
benefitwell togain
benefitshoweverlow
moneyproportion
mirrorsa quickissue with
reimbursingitsrisk.
09/12/2
020

2. standards to determine
that monetary assets are
properly identified and
classified in financial
statements.
Accuracy,
classification
and valuation
Monetary assets
are recorded at
the correct
balanceatthe
Statement of
Financial Position
date.
Request a bank
confirmation letter from
the bank(s) of which the
clientholds account(s),
obtainingauthorisation
from the clientwhere
not already held.
Re-perform the period
end bank reconciliation
checkingit has been
prepared correctly.
Subsequenttotakingthe
rightallotsIt is
discoveredthatthe book
balance onthe bank
compromise don't
coordinate the specific
figure introducedinthe
books.
In the wake of playingout
anotherbank
compromise itisresolved
that the bank
compromise isn't
appropriatelydone.
09/12/2
020
Rights and
Obligations
The entity owns
or has rights to
the monetary
assets at
Statement of
Financial Position
date.
Check that the bank
confirmation letter states
the monetary amount
held by the clientto
confirmownership.
It isaffirmedbythe bank
that the organization
possessesthe money
relatedresourcesat
Explanationof budgetary
Position.
09/12/2
020
Completeness
and Cut off
The cash balance
per the Statement
of Financial
Position date
includes all
monetary assets
owned.
Check that the bank
confirmation letter does
not listany additional
accounts that have not
been recorded by the
client.
In view of the affirmation
letterintroducedbythe
bankdoesn'tlistany
extrarecordsthat have
not beenrecordedbythe
customer.
09/12/2
020
Existence or
Occurrence
The monetary
assets recorded in
the Statement of
Financial Position
date exist.
Check that the bank
confirmletter confirms
the correct balancein
the account(s).
Confirm the existence of
any material reconciling
items within the bank
reconciliation (e.g.count
cash if a largeamount is
held outsideof bank).
The bank compromise
don't affirmsthe right
equalizationof the
record.
It islikewisediscovered
that a lot of moneyis
heldoutside of the bank.
09/12/2
020
From the auditworkcarriedout I confirmthat there are not adequate measure of recordsto testthe
rightportrayal of the moneyanywayitisdiscoveredthatthere are errorsand the measure of money
isn'taccommodatedonthe rightsumintroducedinthe bookas I wouldlike tothink,moneyisn't
genuinelyexpressed.
Signed

3. STEPHANI CRIS V. BONITE
Auditor