Appendix 1.

17
Ac15/1

Prepared by:LKM Date:

Client: ABC Organisation
Reviewed byRTY Date:
Period: 31-Dec-20

AUDIT APPROACH AND SAMPLE SIZE CALCULATION

To complete the table below enter the risk level as per Ac10 and the materiality level as documented at Ac13. Where a different risk level is relevant for different assertions the table can be expanded as indicated on the lefthand margin.
The audit approach should be selected by entering 'Y' or 'N' as appropriate. Where sampling is not required under the approach selected the remainder of the row will be greyed out.
Where substantive testing is to be undertaken document whether this will be supported by controls testing or supportive analytical procedures. For each area, enter the population and any large or key items on the appropriate
supporting schedule. The residual sample size will then be automatically calculated by dividing the residual population (after large and key items) by materiality and multiplying this by the risk factor which is determined by the audit
approach as documented on the reference table below.
Where transaction testing is to be undertaken select the approximate number of transactions from the drop down. This together with the risk level entered will calculate the appropriate sample size, again based on the information on the
reference table below.

A B C
General Substantive Transaction
Audit approach (Y/N)
Audit Assertion (1) Value of
(Expand if different risks Tests of Supportive Risk population No of material / Approximate Transaction
apply to different Risk per control # analytical factor (as after large and Residual key items to be number of sample size
Audit Area assertions) Ac10 I P % S T (2) @ procedures # below) key items Section Ref sample size tested transactions from table B
High
Opex - 7540-03 All Medium N N n n n n n 0.9 121,873 Ac15/14 16 4

Materiality 6,850

Audit - Mar '20 App. 1.17 / 1 of 15 04/18

 Appendix 1.17
Ac15/2

(1) Risk must be assessed for each area at assertion level. If for an area, all assertions have the same risk use the "all" line. However, if there are different levels of risks then the various assertion rows should be
expanded in each area as relevant. At the testing stage the key assertions are occurrence, completeness, accuracy, cut off and classification for transactions and existence, rights and obligations, completeness, valuation
and allocation and disclosure for balances.

(2) If testing controls then the operating effectiveness of the non critical controls must be tested at least every three years to ensure that they are effective, all critical controls should still be tested annually.
Walkthrough tests should be carried out every year to ensure that controls have not changed.

(3) It will usually only be appropriate to test controls where they are expected to be effective therefore a low risk sample size should be used.

Reference Table Balance Sheet Profit or Loss

Audit Approach Risk Level Risk Level
A B C H M L Population H M L
Approach Control AR Risk Factor Size Risk Factor
I,P,% N/A N/A N/A N/A N/A N/A N/A N/A
S** No No 2.5 1.8 1.2 1.2 0.9 0.6
S** Yes No 1.3 0.9 0.6 0.4 0.3 0.2
S** No Yes 1.7 1.2 0.8 0.8 0.6 0.4
S** Yes Yes 0.9 0.6 0.4 0.4 0.3 0.2
Method of obtaining audit evidence Sample Sizes**
T/C N/A N/A N/A N/A N/A > 401 60+ 40 25
T/C N/A N/A N/A N/A N/A 226-400 48+ 32 20
T/C N/A N/A N/A N/A N/A 101-225 36+ 24 15
T/C N/A N/A N/A N/A N/A 26-100 24+ 16 10
T/C N/A N/A N/A N/A N/A 1-25 12+ 8 5
Key
I Less than performance materiality
P Proof in total (extensive analytical procedures)
% 100% testing
S Substantive sampling
T Transaction testing
# If a yes is recorded in either column B or C then suitable testing must be undertaken and the validity of this response must be reviewed at the end of
the fieldwork and it must be cross referenced to supporting working papers
@ It is only possible to record a yes in this column if controls have been tested, and they are effective. If the controls are ineffective, a no must be
recorded in this column. This column may be completed with a yes at the planning stage if it is intended to test controls.
C Tests of control
** When performing substantive procedures, the number of items selected from the residual population (after testing all "large" / "key" items) may be
capped at the levels noted for transaction / control testing.

Audit - Mar '20 App. 1.17 / 2 of 15 04/18

 Appendix 1.17
Ac15/3

Intangible Non-Current Assets and Goodwill

CU

Value Per Financial Statements

Less Large Items (to include all items greater than performance materiality)
Name Balance

Less Key Items

Description Reason Balance

Total Large and Key Items

Population after Large and Key Items

Audit - Mar '20 App. 1.17 / 3 of 15 04/18

 Appendix 1.17
Ac15/4

Property, Plant and Equipment (Including Investment Properties)

CU

Value Per Financial Statements

Less Large Items (to include all items greater than performance materiality)
Name Balance

Less Key Items

Description Reason Balance

Total Large and Key Items

Population after Large and Key Items

Audit - Mar '20 App. 1.17 / 4 of 15 04/18

 Appendix 1.17
Ac15/5

Investments (Excluding Investment Properties)

CU

Value Per Financial Statements

Less Large Items (to include all items greater than performance materiality)
Name Balance

Less Key Items

Description Reason Balance

Total Large and Key Items

Population after Large and Key Items

Audit - Mar '20 App. 1.17 / 5 of 15 04/18

 Appendix 1.17
Ac15/6

Inventories

CU

Value Per Financial Statements

Less Large Items (to include all items greater than performance materiality)
Name Balance

Less Key Items

Description Reason Balance

Total Large and Key Items

Population after Large and Key Items

Audit - Mar '20 App. 1.17 / 6 of 15 04/18

 Appendix 1.17
Ac15/7

Trade Receivables

CU

Value Per Financial Statements

Less Large Items (to include all items greater than performance materiality)
Name Balance

Less Key Items

Description Reason Balance

Total Large and Key Items

Population after Large and Key Items

Audit - Mar '20 App. 1.17 / 7 of 15 04/18

 Appendix 1.17
Ac15/8

Other Receivables

CU

Value Per Financial Statements

Less Large Items (to include all items greater than performance materiality)
Name Balance

Less Key Items

Description Reason Balance

Total Large and Key Items

Population after Large and Key Items

Audit - Mar '20 App. 1.17 / 8 of 15 04/18

 Appendix 1.17
Ac15/9

Bank and Cash

CU

Value Per Financial Statements

Less Large Items (to include all items greater than performance materiality)
Name Balance

Less Key Items

Description Reason Balance

Total Large and Key Items

Population after Large and Key Items

Audit - Mar '20 App. 1.17 / 9 of 15 04/18

 Appendix 1.17
Ac15/10

Trade Payables

CU

Value Per Financial Statements

Less Large Items (to include all items greater than performance materiality)
Name Balance

Less Key Items

Description Reason Balance

Total Large and Key Items

Population after Large and Key Items

Audit - Mar '20 App. 1.17 / 10 of 15 04/18

 Appendix 1.17
Ac15/11

Other Payables

CU

Value Per Financial Statements

Less Large Items (to include all items greater than performance materiality)
Name Balance

Less Key Items

Description Reason Balance

Total Large and Key Items

Population after Large and Key Items

Audit - Mar '20 App. 1.17 / 11 of 15 04/18

 Appendix 1.17
Ac15/12

Provisions

CU

Value Per Financial Statements

Less Large Items (to include all items greater than performance materiality)
Name Balance

Less Key Items

Description Reason Balance

Total Large and Key Items

Population after Large and Key Items

Audit - Mar '20 App. 1.17 / 12 of 15 04/18

 Appendix 1.17
Ac15/13

Revenue

CU

Value Per Financial Statements

Less Large Items (to include all items greater than performance materiality)
Name Balance

Less Key Items

Description Reason Balance

Total Large and Key Items

Population after Large and Key Items

Audit - Mar '20 App. 1.17 / 13 of 15 04/18

 Appendix 1.17
Ac15/14

Costs

CU

Value Per Financial Statements 157,192

Less Large Items (to include all items greater than performance materiality)
Name Balance
3rd Rice distribution to household for COVID19 response 9,131.60
2nd & 3rd Rice distribution to household for COVID19 respo 8,037.21
DSA for CCs for Basic CGC training Phase 2 in SR from 24-2 7,800.00
FCA contribution to CWCC for cash transfer for COVID19 res 10,350.00

Less Key Items

Description Reason Balance
N/A

Total Large and Key Items 35,319

Population after Large and Key Items 121,873

Audit - Mar '20 App. 1.17 / 14 of 15 04/18

 Appendix 1.17
Ac15/15

Payroll

CU

Value Per Financial Statements

Less Large Items (to include all items greater than performance materiality)
Name Balance

Less Key Items

Description Reason Balance

Total Large and Key Items

Population after Large and Key Items

Audit - Mar '20 App. 1.17 / 15 of 15 04/18