Today, I will be focusing on the CAAT task for Benue Perdana. The issues that I noticed are first, the documents given by the auditor are not comprehensive, for example in order for me to perform the payroll test, I need the employee attendance list and the salary listing, however, I did not have the salary listing, in addition for the JV test, the trial balance I received is actually a general ledger and the general ledger only cover for the balance sheet account codes but without the account for profit and loss items.
I then inquired with the auditor and she told me that the document she provided to me is all the documents she received from the client. I then emailed the client and further inquiry her on the below issues:
Whether I can obtain the pending documents like the salary listing, sales invoice, and sales order as soon as possible to meet the tight deadline
Whether she can provide me with any trial balance
Whether she can generate general ledgers that cover profit and loss items
After that, I got her email, and replied to me that they are unable to provide me with the required documentation as they are currently busy closing their account for the end. I then screenshot the reply email and forward it to the auditor to let her know about this issue, so she might need to expect some delay on our CAATs report.
I then proceed to perform the other test like the account receivable aging test.
Main things that have learnt
To learn how we should respond if a client is not able to provide requested documentation on time.
Comment/idea/opinion
N/A
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