AUDIT PLAN

General Audit Objective:

To conduct a study in the identification of nonconformities and

opportunities for improvement with respect to effectiveness, efficiency

and overall internal control of Hyundai La Union. Presented below is the

audit plan of the student auditors:

DATE SPECIFIC ACTIVITIES AMOUNT PERSON/S

(2018) OBJECTIVES SPENT INVOLVED

January To look for a Searching for a Php Landingin

30 - 31 willing company company to be 40.00

to be studied studied and

upon and would conducting oral

accommodate agreement

the student-

auditors

Februar To document the Submission of Php 8.00 Landingin

y 19 agreement endorsement and

between the engagement

student-auditors letter

and

management

i
Februar To obtain First Interview Php All

y 23 information with the 65.00 members

regarding the Business

company profile, Manager of

background and Hyundai La

history Union

Februar To obtain an Understanding Php All

y understanding of the background 50.00 members

24 - 25 the nature of of the company;

operations its nature of

operations and

history through

interviews

Februar To pass first Finalized Php Atenta

y 26 draft of documentation 25.00

documentation of the general

of general background of

background of the company

the company

Februar To retrieve the Getting a copy of Php Landingin

y 26 copy of the endorsement 20.00

endorsement and and engagement

ii
 engagement letter

letter

March 5 To observe the Interview with Php All

actual operations the Manager of 65.00 members

of the business Hyundai La

and how the Union;

process flows Observation of

the operations of

the business

March To document the Analyzing the All

5-7 understanding of transaction members

the operations of processing

the business system of the

through company and

document illustrating the

flowecharts flow of

documents

through a

flowchart

March 7 To confirm what Re-interview with Php All

the student- the manager; 65.00 members

auditors confirmation of

iii
 understood in details regarding

their analysis of the TPS

the TPS

March To reflect the Making All

7-8 necessary necessary Members

adjustments in adjustments on

the document the flowcharts

flowcharts and and examining

inspect the the documents

sample involved per

documents transaction

provided by the

company

March 9 To pass the draft Finalized Php All

of the documentation 50.00 members

documentation of business

of the operations

understanding of

the business

operations

March To summarize Preparation of All

10-11 questions questionnaire Members

iv
 regarding their

internal control

policies and

procedures

March To let the Giving of Php Landingin

12 management questionnaires to 20.00

answer the the company

questionnaire

March To observe again Interview with Php All

16 the operations of the manager and 60.00 Members

the business some of the

employees of the

company; tour in

the showroom

and servicing

area premises

March To obtain an Understanding All

17-20 understanding of the Members

the assigned organizational

tasks, functions structure of the

and duties to the company and the

employees duties and

v
 responsibilities

assigned to the

employees;

analyzing the

control

environment of

Hyundai La

Union

March To analyze the Reviewing All

21-29 strengths, previous members

weaknesses, interviews and

opportunities flowcharts;

and threats of determining the

the internal strengths,

control system of weaknesses,

the company opportunities

and threats of

the company’s

internal control

March To review the Review of the All

30 finished work so study and make members

far necessary

vi
 adjustments

April 2 To pass the Finalized Php Atenta

documentation documentation 25.00

of the analysis of of the SWOT

the strengths, Analysis

weaknesses,

opportunities

and threats of

the internal

control system

April 4 To interview the Interview with Php All

management the manager 65.00 members

April 6 To confirm any Follow up Php All

additional interview 60.00 members

information

obtained

April 4- To analyze the Drawing a All

15 study and conclusion and members

evidences to be reviewing the

able to arrive at SWOT analysis

a conclusion and

design

vii
 recommendation

for the

weaknesses that

was discovered

April 16 To pass the Finalized Php Atenta

documentation documentation 20.00

of conclusion of conclusion

and and

recommendation recommendation

April 17 To interview Final interview Php All

other employees and observation 100.00 members

of the company of the business

April 19- To revise the Complete and All

26 documentation finalize the members

of the of documentation

company of general

background, background,

understanding of understanding of

the operations the business

and internal operations and

control, SWOT control

viii
 analysis and the environment,

conclusion and SWOT Analysis

recommendation and conclusion

s and

recommendation

April 27 To pass the final Passing of the Php All

copy of the study completed study 200.00 members

May 11 To defend the Defense Php All

study 500.00 members

May 12- To make Editing the final All

16 adjustments and copy members

revisions

May 17- To check for any Proofreading All

18 errors members

May 19 To submit the Submission of Php 100 All

final manuscript final manuscript members

ix