Client Balance Date Nature of WP

: : :

LADA & SAUS SDN BHD 31 December 2010 GENERAL

FIRM NAME

OSMAN & CO.

OC
ENGAGEMENT PARTNER FAZRIN : MANAGER IN CHARGE : SUPERVISOR : AUDITORS :

ENTRANCE MEETING EXIT MEETING FIELDWORK STARTS FIELDWORK END FIRST DRAFT BOARD MEETING DATE OF ACCOUNTS

: : : : : : :

OC
Client Balance Date Nature of WP #REF! #REF! SCHEDULE OF WORK COMPLETED & WP index Prepared by: Int Date Reviewed by: Index

Planning AA AB AC AD AE AF AG AH AI AJ AK

Equity Audit Planning Inter-firm Engagements Analytical Review Audit Risk Indicators Related Parties Going Concern Determination of Audit fee Questionnaire for Outside Auditors Using the work of an expert Computer audit Statutory records A B Assets C D E F G H I J K Cash and cash equivalents Trade Debtors Other Debtors Inventories Prepaid Expenses/Deferred Expenses Loans Receivable Investments Property, Plant and Equipment Intangible Assets Share Capital Reserves

Administration BA Manager Review BB Partner Review BC Financial Statements & Working Paper Review BD Points for Partner Attention BE Notes for next year BF Management Letters/Notes BG Representation Letters BH Letter of Engagement BJ List of Confirmations Sent Internal Control Evaluation CA Sales, debtors and cash receipts CB Purchases, creditors and cash payments CC Property, Plant and Equipment CD Inventories/Cost of Sales CE Cash and Bank CF Payroll

Liabilities L M N O P Q R S T U

Trade Creditors Other creditors and accruals Loan Debentures Provision for Employee Benefits Provision for Income Tax Provision for Dividend Hire Purchase Creditors/Lease Directors / Intercompany Bank Borrowing

Income statement V Revenue W Cost of Sales X Expenses

Trial Balance DA Financial Statements DB Trial Balance DC Adjusting Journal Entries DD General Ledger & Journals DE Consolidation DF Cash Flow Statement(s) DG Working Balance Sheet DH Working Income Statement

Other Y Z Subsequent Events Contingent Liabilities

Done

Sch Ref

Income Statement Cr Dr

Balance Sheet Dr Cr

dr cr

NON-CURRENT ASSETS PROPERTY, PLANT & EQUIPMENT CURRENT ASSETS Inventories Trade receivables Prepayments Deposit Cash and bank balances C C F D J

TOTAL ASSETS Financed by: SHARE CAPITAL RESERVES SHAREHOLDERS' EQUITY A B

NON-CURRENT LIABILITIES Hire purchase creditors 4% MIDF Loan CURRENT LIABILITIES Trade payables HP creditors 4% MIDF Loan Accruals Tax payables L S N S Q S N

Client Balance Date Nature of WP Sch Ref Audit Adjustments Dr Cr

Prepared by: Int Date Audited 2010 -

Description Sales Cost of sales Opening Stock Production cost Closing Stock

Client

Gross Profit Less: Expenses Selling and Distribution Expenses Advertisement Salary - marketing executive EPF Petrol Repair and maintenance MV Depreciation Administrative Expenses Salary EPF Factory building rental Building insurance Utilities Halal certification service charge Company registration fees Logo design fee Depreciation Audit fees Tax fees Secretarial fee Petrol Repair and maintenance Directors' fees Stationeries Donation Entertainment expenses Miscellaneous Doubtful debt Finance Expenses Interest on loan Interest on hire purchase

Income before income taxes Taxation Income after tax