Client Name : TRANS ORIENTAL HEAVY EQUIPMENT CORPORATION Client Code:

Period Name : Partner: Manager:

Subject : Risk Assessment Worksheet Prepared by: Date:

Reviewed by: Date:

Account: CASH ON HAND and IN BANK

Assertion WPRef IR CR Comment

RO

VA

PD

CO

Note any items which are of relevance to risk assessment on Cash on Hand and In Bank:
Account: TRADE AND OTHER PAYABLES

Assertion WPRef IR CR Comment

RO

VA

PD

CO

Note any items which are of relevance to risk assessment on Trade and Other Receivables:
ate:

ate:
Client Name : Client Code:

Period Name : Partner: Manager:

Subject : Materiality Worksheet Prepared by: Date:

Reviewed by: Date:

Objectives: This worksheet is used for determining materiality levels to be used in an audit engagement.

Instructions: Supply the needed information and calculate the materiality levels to be used during the audit engagement. Refer
to Section 300.18 to 300.35 of the Audit Manual for guidance

Bases/References for Materiality Purposes

Item Current year FS Current year Budget

Total assets

Pre-tax profit

Total owner's equity

If the current year budget is not available, use the prior year financial statements instead.

Overall Materiality PhP_____________________

Reasons for selecting this level of materiality:
Performance Materiality PhP_____________________
Reasons for selecting this level of materiality:

Indicate reasons for subsequent changes to materiality level, if any: