FEBRUARY AND MARCH DAILY REPORT

Industrial Training Daily Report

Name Matrix Number Program Supervisors Name Audit Firm Time Range : Lee Man Yee : 138474 : Bachelor of Accounting : Dr Lau Yeng Wai : K.W.ONG & PARTNERS : Feb and March 2009

TASKS 1/2/2009 Sunday

NOTES o (Public Holiday - Hari Wilayah Persekutuan )

2/2/2009 Monday

Audit for Company D (back log file) Administrative Prepare working papers for income expenses statements. Perform verification test by vouching to related documentations. Perform verification test on contract cost.

3/2/2009 Tuesday

Audit for Company D (back log file) EPF Reasonableness Test Perform EPF Reasonableness Test for staff cost. Audit administrative procedure. Prepare analytical review for -1-

LEE MAN YEE/ 138474/ Bachelor of Accountancy

FEBRUARY AND MARCH DAILY REPORT administrative expenses. Audit administrative procedure.

4/2/2009 Wednesday 5/2/2009 Thursday

Assist senior Audit compilation work. in audit work. Audit for Prepare Matters for Attention of Partners Company D (MAPS). (back log Perform analytical review on material file) differences in income statement. Audit for Company D (back log file) Final audit Audit for Company D (back log file) Audit for Company D Final audit for Company E Perform analytical review on material differences in income statement.

6/2/2009 Friday

9/2/2009 Monday

Audit compilation work. Perform analytical review.

Make corrections in analytical review. Audit compilation work.

10/2/2009 Tuesday

Prepare MAPS for Company E

11/2/2009 Wednesday

Start final audit for Group E Audit preparation work

LEE MAN YEE/ 138474/ Bachelor of Accountancy

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FEBRUARY AND MARCH DAILY REPORT Statutory audit for Group E Statutory audit for Company E Perform statutory audit.

12/2/2009 Thursday

Complete checklist for statutory audit.

13/2/2009 Friday

Final audit Perform validation testing on income for Company statement. E Final audit Prepare MAPS. for Audit administrative procedures. Company E And Company F

16/2/2007 Monday

Start final audit for Company F Audit preparation work Set up file. Ensure current audit files (CAF) are properly set up and checklists are filed in. Perform validation testing on income statement.

17/2/2009 Tuesday

Start audit for dormant companies Final audit for Company G

Perform analytical review for Company G .

18/2/2009 Wednesday

Final audit for Company H Sales and Receipts Perform sales and receipts testing.

LEE MAN YEE/ 138474/ Bachelor of Accountancy

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FEBRUARY AND MARCH DAILY REPORT Transaction Test 19/2/2009 Thursday Purchaces Transaction Test Payment Transaction Test Payrol l Transaction Test Sales Cut-off Transaction Test Perform purchase transaction testing.

20/2/2009 Friday

Perform payment transaction testing.

23/2/2009 Monday

Perform payroll transaction testing.

24/2/2009 Tuesday

Perform sales cut-off transaction testing.

25/2/2009 Wednesday

Purchases Cut-off Transaction Test Perform Sales, Purchases, Trade Return, Discounts, Other Operating Income

Perform purchases cut-off transaction testing.

26/2/2009 Thursday

Perform validation test on sales, purchases and other operating income.

LEE MAN YEE/ 138474/ Bachelor of Accountancy

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FEBRUARY AND MARCH DAILY REPORT 27/2/2009 Friday Perform Selling & Distribution Expenses, Administrative Expenses Perform Related Party Transactions Perform Related Party Transactions Perform validation testing on income statement.

2/3/2009 Monday

Identify and verify inter company transactions.

3/3/2009 Tuesday

Verify inter company transactions.

4/3/2009 Prepare Wednesday Analytical Review Audit 5/3/2009 compilation Thursday work 6/3/2009 Friday Final audit for Company J

Perform analytical review on income statement. Perform job administrative work.

Prepare draft audited financial statement.

9/3/2009 Monday 10/3/2009 Tuesday

Final audit for Company J Start in-house audit for Company K (property investment company) Groupin g of accounts

Prepare MAPS. Audit administrative procedures. Audit preparation work.

Perform validation test on income statement.

LEE MAN YEE/ 138474/ Bachelor of Accountancy

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FEBRUARY AND MARCH DAILY REPORT

Perform Rental Income, Other Operating Income, Administrative & General Expenses

11/3/2009 Perform Wednesday Inventories and NRV Test Perform Sundry Receivables, Deposits and Amount Owing by Director Perform PPE and PPE depreciation reasonableness test Perform Cash and Bank Balances

Perform valuation test on inventories.

Perform validation test on sundry receivables, deposits and amount owing by director.

Perform completeness and accuracy test on PPE.

Perform validation test on cash and bank balances.

12/3/2009 Thursday

Fixed Deposits with Licensed Bank Perform amount owing by a

Perform validation test on fixed deposits.

Perform validation test on amount owing by director. -6-

LEE MAN YEE/ 138474/ Bachelor of Accountancy

FEBRUARY AND MARCH DAILY REPORT director Perform Sundry Deposits & Accruals Search for unrecorded liabilities

13/3/2009 Friday

Perform validation test on sundry deposits and accruals.

Perform search for unrecorded test.

16/3/2009 Monday

Perform tax recoverable (payable) Perform Deferred Tax Prepare profit reconciliation

Perform estimated tax computation.

Perform deferred tax computation.

17/3/2009 Tuesday

Perform reconciliation between management account and draft audited account.

18/3/2009 Audit Wednesday

compilation work Perform analytical review on income statement. Prepare MAPS.

Analytical Review and MAPS

19/3/2009 Thursday

In house audit for Company L (property investment company) Start audit for Company L

Audit compilation work.

Audit preparation work.

LEE MAN YEE/ 138474/ Bachelor of Accountancy

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FEBRUARY AND MARCH DAILY REPORT 20/3/2009 Friday Final audit for Company L Perform purchase transaction testing. Perform purchase cut-off transaction testing. Perform payment transaction testing. Perform payroll transaction testing. Perform EPF Reasonableness Test for staff cost.

23/3/2009 Monday

Final audit for Company L

24/3/2009 Tuesday

Final audit for Company L Grouping of accounts Selling and Marketing Expenses, Administrative Expenses Perform validation testing on income statement.

25/3/2009 Final audit for Wednesday Company L Related Party Transactions Trade Payables Stocktake for Company M Final audit for Company L Identify and verify inter company transaction.

Perform validation testing on trade payables by vouching to related documentations. Perform stocktake. Complete checklist for stock take. Audit compilation work.

26/3/2009 Thursday 27/3/2009 Friday

LEE MAN YEE/ 138474/ Bachelor of Accountancy

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FEBRUARY AND MARCH DAILY REPORT 29/3/2009 Monday Start in- house audit for Company N (investment holding company) Perform Dividend, Rental, and Interest Income Direct Operating Expenses Administrative And General Expenses Audit preparation work. Perform grouping of accounts.

31/3/2009 Tuesday

Perform validation test on income statement.

Perform validation test on income statement.

Note

: The names of the companies are not disclosed to protect clients privacy.

LEE MAN YEE/ 138474/ Bachelor of Accountancy

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FEBRUARY AND MARCH DAILY REPORT

Approved by, Confirmation from Industrial Training Organization

_______________________________ Signatures (Please chop and sign) Date Name Position : : :

Confirmation from UPM Industrial Training Supervisor

_______________________________ Signatures (Please chop and sign) Date Name Position : : :

LEE MAN YEE/ 138474/ Bachelor of Accountancy

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FEBRUARY AND MARCH DAILY REPORT

LEE MAN YEE/ 138474/ Bachelor of Accountancy

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