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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
CPEM Forms Audits
2014 CPA Canada CPEM
001
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
CPEM Forms Audits
2014 CPA Canada CPEM
001
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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2014 CPA Canada CPEM
001
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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2014 CPA Canada CPEM
001
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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2014 CPA Canada CPEM
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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
