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Audit file index — [Sample] 001Page 1 of 6
C•PEM Forms — Audits ©2014 CPA Canada C•PEM
This audit file index and the referenced standard forms may be used for entities of any size. The condensed forms may be usedinstead of standard forms for smaller entities by experienced auditors. In addition, a memo to file may suffice so long as it addressesthe relevant CAS requirements. To ensure the CAS requirements are addressed, it is recommended that memos to file be preparedusing the same file index number as in C•PEM. The not-for-profit (NFP) forms or the not-for-profit condensed (NFPc) forms are foruse for not-for-profit entities.
The term “worksheet” indicates that the form should only be completed when applicable.
File Index # and Document Name Standard Condensed NFP NFPc
100 Report transmittal !
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 andthose 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 !
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Audit file index — [Sample] 001Page 2 of 6
C•PEM Forms — Audits ©2014 CPA Canada C•PEM
File Index # and Document Name Standard Condensed NFP NFPc
410 Existing engagement — Continuance ! !
415 Terms of engagement (engagement letter)
420 Materiality ! !
426 Planned risk assessment procedures ! !
428 Worksheet — Selecting an auditor’s 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))
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 !
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Audit file index — [Sample] 001Page 3 of 6
C•PEM Forms — Audits ©2014 CPA Canada C•PEM
File Index # and Document Name Standard Condensed NFP NFPc
515 Understanding related parties !
520 Risk register — Entity specific — Business/operating ! !
522 Risk register — Entity specific — Fraud ! !
525 Going concern — Identifying events and conditions !
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 theassertion 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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Audit file index — [Sample] 001Page 4 of 6
C•PEM Forms — Audits ©2014 CPA Canada C•PEM
File Index # and Document Name Standard Condensed NFP NFPc
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 auditor’s 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 !
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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Audit file index — [Sample] 001Page 5 of 6
C•PEM Forms — Audits ©2014 CPA Canada C•PEM
File Index # and Document Name Standard Condensed NFP NFPc
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 !
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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Audit file index — [Sample] 001Page 6 of 6
C•PEM Forms — Audits ©2014 CPA Canada C•PEM
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.
