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Audit file index [Sample]

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This audit file index and the referenced standard forms may be used for entities of any size. The condensed forms may be used
instead of standard forms for smaller entities by experienced auditors. In addition, a memo to file may suffice so long as it addresses
the relevant CAS requirements. To ensure the CAS requirements are addressed, it is recommended that memos to file be prepared
using the same file index number as in CPEM. The not-for-profit (NFP) forms or the not-for-profit condensed (NFPc) forms are for
use for not-for-profit entities.
The term worksheet indicates that the form should only be completed when applicable.

File Index # and Document Name

100

Report transmittal

Standard Condensed

NFP

NFPc

101 199 FINANCIAL STATEMENTS AND AUDIT REPORT

110

Financial statements and audit report

120

Supporting worksheets for note disclosures, cash flows, etc.

150

Trial balance

160

Adjusting entries

200 299 INCOME TAXES

205

Income tax assessments/correspondence

210

Income tax returns

300 399 COMPLETION DOCUMENTS

310

Checklist Audit completion

320

Notes on significant audit decisions

330

Worksheet Audit findings and matters for discussion

335

Worksheet Summary of identified misstatements

340

Worksheet Matters to be communicated to management and

those charged with governance

350

Written representations (management representation letter)

360

Legal and other significant correspondence

370

Worksheet Matters for future consideration

400 499 PLANNING

405

New engagement Acceptance

407

Letter from predecessor auditor

408

Initial audit engagements Opening balances

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Audit file index [Sample]

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File Index # and Document Name

Standard Condensed

Materiality

426

Planned risk assessment procedures

428

Worksheet Selecting an auditors expert

430

Overall audit strategy

436

Team planning discussions

437

Worksheet Fraud scenarios

440

Worksheet Information/analysis requested from management

445

Group audit planning

450

Worksheet Time budget

451

Worksheet Detailed budget

460

Planning related reports, letters and agreements

(such as with management, those charged with governance,
component auditors and auditor specialist(s))

410

Existing engagement Continuance

415

Terms of engagement (engagement letter)

420

NFP

NFPc

500 599 RISK ASSESSMENT PROCEDURES

Risk Identification and Assessment
500

Observation and analytical procedures

501

Worksheet Analytical procedures

505

Inquiries of management and others

506

Worksheet Identifying fraud risks

507

Worksheet Minutes of governance meetings

508

Worksheet Listing of risk factors and possible responses

509

Worksheet Notes on meetings with management and others

510

Identifying risks through understanding the entity

513

Understanding accounting estimates

514

Worksheet Outcome of prior period accounting estimates

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Audit file index [Sample]

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File Index # and Document Name

Standard Condensed

515

Understanding related parties

520

Risk register Entity specific Business/operating

522

Risk register Entity specific Fraud

525

Going concern Identifying events and conditions

NFP

NFPc

Understanding Internal Control

530

Pervasive (entity-level) risks and controls

540

Control design/implementation [Blank]

545

Control design/implementation Revenues, receivables, receipts

550

Control design/implementation Purchases, payables, payments

555

Control design/implementation Payroll

560

Control design/implementation Financial reporting

565

Worksheet Control implementation Business process controls

570

Worksheet Internal control documentation and implementation

575

Worksheet Internal control deficiencies identified

580

Communication of significant deficiencies in internal control

582

Worksheet Library of typical control activities

Summary of Assessed Risks at Financial Statement and Assertion Levels

590-1 FSL

Worksheet Assessing risk at the financial statement level

590-2 AL

Engagement scoping/summary of assessed risks at the

assertion level

590-Previous Engagement scoping/summary of assessed risks [previous]

600 699 RESPONSE TO ASSESSED RISKS

605

The overall response

606

Worksheet Audit plan [Blank]

608

Worksheet Further audit procedures [Blank]

610

Worksheet Sampling Tests of details

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Audit file index [Sample]

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File Index # and Document Name

Standard Condensed

614

Worksheet Substantive analytical procedures

615

Worksheet Sampling Tests of controls

618

Worksheet Tests of pervasive (entity-level) controls

620

Worksheet Evaluating the work of an auditors expert

625

Worksheet Going-concern evaluation

630

Worksheet Summary of external confirmations

635

Worksheet Accounting estimates (including fair values)

637

Worksheet Sales tax reasonability

645

Litigation, claims and non-compliance

650

Subsequent events

655

Worksheet Final analytical procedures

666

Worksheet Related-party transactions

670

Use of journal entries

675

Library of sample audit procedures

680

Worksheet ASPE Supplementary audit procedures

681

Worksheet NFP Supplementary audit procedures

NFP

NFPc

A Z AUDIT PLANS AND PROCEDURES ASSETS

A. 100

Cash Audit procedures

A. 110

Bank reconciliation procedures

A. 115

Cash count procedures

B. 100

Investments Audit procedures (investment of excess of cash)

C. 100

Accounts receivable, trade and other Audit procedures

C. 110

Accounts receivable confirmation Supplementary procedures

D. 100

Inventory Audit procedures

D. 110

Inventory count checklist

E. 100

Loans and advances receivable Audit procedures

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Audit file index [Sample]

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File Index # and Document Name

Standard Condensed

L. 100

Prepaid expenses and other assets Audit procedures

N. 100

Long-term investments Audit procedures

U. 100

Property, plant and equipment Audit procedures

W. 100

Intangibles and goodwill Audit procedures

NFP

NFPc

AA ZZ AUDIT PLANS AND PROCEDURES LIABILITIES AND EQUITY

AA. 100 Bank indebtedness Audit procedures

BB. 100 Notes payable and bank debt Audit procedures

CC. 100 Accounts payable and accrued liabilities Audit procedures

CC. 110 Accounts payable confirmation checklist

FF. 100 Income taxes Audit procedures

GG. 100 Loans and advances payable Audit procedures

KK. 100 Long-term debt Audit procedures

MM. 100 Deferred contributions Audit procedures

TT. 100 Net assets Audit procedures

UU. 100 Equity Audit procedures (partnership)

UU. 110 Equity Audit procedures (corporate)

700 799 AUDIT PLANS AND PROCEDURES INCOME STATEMENT

705

Revenues Audit procedures

720

Cost of sales Audit procedures

730

Payroll and other expenses Audit procedures

800 899 OTHER WORKING PAPERS, FORMS, PLANS, CHECKLISTS AND PROCEDURES

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Audit file index [Sample]

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File Index # and Document Name

Standard Condensed

NFP

NFPc

900-999 FINANCIAL REPORTING FRAMEWORKS*

* Note: For financial statement presentation and disclosure requirements, refer to the FRF900 series of forms.

CPEM Forms Audits

2014 CPA Canada CPEM