| Assets | Ref. | Current Year | Previous Year | Increase/ (Decrease) | % | ||
|---|---|---|---|---|---|---|---|
| Current Assets: | |||||||
| Cash and cash equivalents | 10,000.00 | 5% | 7,000.00 | 5% | 7,000.00 | 5% | |
| Temporary investments | 20,000.00 | 4% | 7,000.00 | 4% | 7,000.00 | 4% | |
| Trade and other receivables | 30,000.00 | 5% | 7,000.00 | 5% | 7,000.00 | 5% | |
| Total current assets | 210,000.00 | 38% | 45,000.00 | 34% | 165,000.00 | 367% | |
| Non - Current Assets: | |||||||
| Cash and cash equivalents | 10,000.00 | 5% | 7,000.00 | 5% | 7,000.00 | 5% | |
| Temporary investments | 20,000.00 | 4% | 7,000.00 | 4% | 7,000.00 | 4% | |
| Trade and other receivables | 30,000.00 | 5% | 7,000.00 | 5% | 7,000.00 | 5% | |
| Total current assets | 210,000.00 | 38% | 45,000.00 | 34% | 165,000.00 | 367% | |
| Liabilities & Shareholder's equity | Ref. | Current Year | Previous Year | Increase/ (Decrease) | % | ||
|---|---|---|---|---|---|---|---|
| Current Assets: | |||||||
| Cash and cash equivalents | 10,000.00 | 5% | 7,000.00 | 5% | 7,000.00 | 5% | |
| Temporary investments | 20,000.00 | 4% | 7,000.00 | 4% | 7,000.00 | 4% | |
| Trade and other receivables | 30,000.00 | 5% | 7,000.00 | 5% | 7,000.00 | 5% | |
| Total current assets | 210,000.00 | 38% | 45,000.00 | 34% | 165,000.00 | 367% | |
| Non - Current Assets: | |||||||
| Cash and cash equivalents | 10,000.00 | 5% | 7,000.00 | 5% | 7,000.00 | 5% | |
| Temporary investments | 20,000.00 | 4% | 7,000.00 | 4% | 7,000.00 | 4% | |
| Trade and other receivables | 30,000.00 | 5% | 7,000.00 | 5% | 7,000.00 | 5% | |
| Total current assets | 210,000.00 | 38% | 45,000.00 | 34% | 165,000.00 | 367% | |
| Liabilities & Shareholder's equity | Ref. | Current Year | Previous Year | Increase/ (Decrease) | % | ||
|---|---|---|---|---|---|---|---|
| Current Assets: | |||||||
| Cash and cash equivalents | 10,000.00 | 5% | 7,000.00 | 5% | 7,000.00 | 5% | |
| Temporary investments | 20,000.00 | 4% | 7,000.00 | 4% | 7,000.00 | 4% | |
| Trade and other receivables | 30,000.00 | 5% | 7,000.00 | 5% | 7,000.00 | 5% | |
| Total current assets | 210,000.00 | 38% | 45,000.00 | 34% | 165,000.00 | 367% | |
| Non - Current Assets: | |||||||
| Cash and cash equivalents | 10,000.00 | 5% | 7,000.00 | 5% | 7,000.00 | 5% | |
| Temporary investments | 20,000.00 | 4% | 7,000.00 | 4% | 7,000.00 | 4% | |
| Trade and other receivables | 30,000.00 | 5% | 7,000.00 | 5% | 7,000.00 | 5% | |
| Total current assets | 210,000.00 | 38% | 45,000.00 | 34% | 165,000.00 | 367% | |
| Planning Materiality Worksheet | ||
|---|---|---|
| 1. PLANNING DATA: | ||
| Plan Data | Current Year | Previous Year |
| Sale & Service income | 95,000.00 | 40,000.00 |
| 2. COMPUTATION OF PLANNING MATERIALITY: | ||
|---|---|---|
| Condition | Rate | Amount |
| Trading / Services Business | 1% of turnover | |
| Assets | Explain the reason in case % increase/ decrease > 20% (Materiality) |
|---|---|
| Current Assets: | |
| Cash and cash equivalents | Test |
| Temporary investments | Test |
| Total current assets | Test |
| Non - Current Assets: | |
| Cash and cash equivalents | |
| Temporary investments | |
| Total non current assets |
| Liabilities & Shareholder's equity | Explain the reason in case % increase/ decrease > 20% (Materiality) |
|---|---|
| Current Assets: | |
| Cash and cash equivalents | Test |
| Temporary investments | Test |
| Total current assets | Test |
| Non - Current Assets: | |
| Cash and cash equivalents | |
| Temporary investments | |
| Total non current assets |
| Profit & Loss | Explain the reason in case % increase/ decrease > 20% (Materiality) |
|---|---|
| Current Assets: | |
| Cash and cash equivalents | Test |
| Temporary investments | Test |
| Total current assets | Test |
| Non - Current Assets: | |
| Cash and cash equivalents | |
| Temporary investments | |
| Total non current assets |
| AUDIT POINT | AUDIT RESPONSE | |
|---|---|---|