Start

End Break No. of

DATE ACTIVITY / ACHIEVEMENT
Time Time Period Hours

Substantively tested investment

revenue.
6/03/2017 9am 5.00pm 1hr 7.0hrs Enquired with client for their
investment approach for PY and for
the following years.

Documented all investment and bank

confirms.
Documented all legal and solicitor
7/03/2017 8.30am 6.00pm 1hr 8.5hrs
confirms for the PY and any current
legal issues.
Documented all grant agreements

Created revenue testing plan for

revenue streams testing each stream
9/03/2017 8.30am 6.30pm 1hr 9.0hrs separately with different risk levels
rather than grouping them together
Grants expense sampled and tested

Performed substantive testing over

grants for the Australian Cancer
Research Foundation. This included
grants expenses and the testing over
the reconciliation of any grants
payable.
10/03/2017 8.30am 6.30pm 1hr 9.0hrs
Selected sample size and transactions
to be tested for all revenue streams
and expenses.
Assisted my younger buddy in settling
into PwC by explaining audit software
and the resourcing team.

Selected sample size and transactions

to be tested for unrecorded liabilities
and outlined the criteria to be used for
the testing approach of manual
journals.
13/03/2017 8am 8pm 0.5hr 11.5hrs
Researched ADP software to ensure
internal controls were functioning to
leverage for the audit
Attended PwCs International
Womens Day Symmetry event. This
 event looked to discuss the role of
women in the workforce and the steps
we can take to achieve gender
equality.

Testing approach for manual journals

were approved followed up on
selecting samples in preparation for
substantive testing
Tested internal controls in regards to
AP and payroll

14/03/2017 9am 7.30pm 1hr 9.5hrs Selected sample size for credit card
expenses and substantively tested
according to the audit guide
Attended the Base Camp Sydney
meeting to discuss on how to improve
the cadet/graduate program and any
improvements to the new office at
Barangaroo

Filled out the completion activities by

summarising any exceptions.
Drafted the qualified opinion due to
not being able to confirm the
16/03/2017 9am 5.30pm 1hr 7.5hrs
completeness of donation revenue.
Completed all audit procedures for
disclosures of the FS and verified
using a checklist.

Addressed any coaching notes left on

the ACRF audit file
Internal meetings for completion of
ACRF, followed by external meeting
17/03/2017 9am 5.30pm 1hr 7.5hrs
with clients to discuss exceptions and
findings of the audit
Assisted younger buddy to contact her
new team/client

Performed a recalculation of Jensen

Laundry Systems cash flow to ensure
accuracy assertion
20/03/2017 9am 5.30pm 1hr 7.5hrs
Created an internal controls survey
for APA Group to be used as insight
for new on boarding clients

Learnt basic SQL to perform a script

21/03/2017 8.30am 5.30pm 0.5hr 8.5hrs
review
 Researched reconciliation
discrepancies between source data
and Sailpoint

Completed a script review for where

clauses for 3 applications out of a total
of 50
23/03/2017 9am 5.30pm 1hr 7.5hrs Inquired with the client in regards to
the discrepancies between source
data and Sailpoint to determine if
these would be potential exceptions

Completed a script review for where

clauses for another 3 applications

24/03/2017 8.30am 5.30pm 0.5hrs 8.5hrs Inquired with the client in regards to
the discrepancies between source
data and Sailpoint to determine if
these would be potential exceptions

Attended meetings with the client to

discuss the potential exceptions
27/03/2017 8.30am 6.30pm 0.5hrs 9.5hrs discovered
Attended PwC social event Vision
2020

Completed a script review for where

clauses for another 3 applications

28/03/2017 9am 5.30pm 1hr 7.5hrs Inquired with the client in regards to
the discrepancies between source
data and Sailpoint to determine if
these would be potential exceptions

Completed a script review for where

clauses for another 3 applications
30/03/2017 9am 5.30pm 1hr 7.5hrs Annotated 12 scripts to describe what
they filtered and their original data
source

Attended a meeting with the client to

discuss the potential exceptions
31/03/2017 9am 5.30pm 1hr 7.5hrs discovered
Documented the exceptions that were
confirmed

Completed a script review for where

clauses for 3 applications
3/04/2017 8.30am 5.30pm 0.5hrs 8.5hrs
Inquired with the client in regards to
the discrepancies between source
 data and Sailpoint to determine if
these would be potential exceptions

Completed a script review for where

clauses for 3 applications

4/04/2017 9am 5.30pm 1hr 7.5hrs Inquired with the client in regards to
the discrepancies between source
data and Sailpoint to determine if
these would be potential exceptions

Completed a script review for where

clauses for another 3 applications

6/04/2017 8.30am 5.30pm 0.5hrs 8.5hrs Inquired with the client in regards to
the discrepancies between source
data and Sailpoint to determine if
these would be potential exceptions

Performed a reconciliation for

Macquarie Consolidated Systems
Listing
Compiled New User Population by
7/04/2017 9am 5.30pm 1hr 7.5hrs
comparing FY15 and FY16 data
Performed vlookups to ensure
samples tested are present in the New
User Population.

Inquired with the client in regards to

the discrepancies between source
data and Sailpoint to determine if
these would be potential exceptions
10/04/2017 9am 8pm 0.5hrs 10.5hrs Compiled New User Population by
comparing FY15 and FY16 data
Performed vlookups to ensure
samples tested are present in the New
User Population.

Meeting with HC to discuss Mid

Session Review
11/04/2017 9am 5.30pm 0.5hrs 8hrs Meeting with client to discuss the
exceptions that are noted through the
audit

Tested Information Technology

General Controls (ITGCs) for Sailpoint
13/04/2017 8.30am 6.30pm 1hr 9hrs users
Documented the selection of users
appropriate.
 Vlookups between users of FY16 and
FY17 for new users. Reviewed these
18/04/2017 9am 5.30pm 0.5hr 8hrs
users to determine if they have
appropriate access.

Completed a script review for where

clauses for 3 applications that were
pulled into scope at the last minute
20/04/2017 9am 5.30pm 0.5hr 8hrs Inquired with the client in regards to
the discrepancies between source
data and Sailpoint to determine if
these would be potential exceptions

Completed a script review for where

clauses for 3 applications that were
pulled into scope at the last minute
21/04/2017 9am 5.30pm 0.5hr 8hrs Inquired with the client in regards to
the discrepancies between source
data and Sailpoint to determine if
these would be potential exceptions

Tied through the User Access Review

testing for Sailpoint.
24/04/2017 8.30am 9.30pm 1hr 12hrs
Met with client to discuss the
qualification of the audit report.

Put together the report for the client.

27/04/2017 8.30am 5pm 0.5hr 8hrs
Attended end of year function

28/04/2017 9am 5pm 0.5hr 7.5hr Completed pre-course e-learns

1/05/2017 9am 5pm 0.5hr 7.5hr Attended Assurance 3 training

2/05/2017 9am 5pm 0.5hr 7.5hr Attended Assurance 3 training

4/05/2017 9am 5pm 0.5hr 7.5hr Attended Assurance 3 training

5/05/2017 9am 5pm 0.5hr 7.5hr Completed post-course e-learns

Drafted independence declaration,

audit opinion and management
8/05/2017 9am 5pm 0.5hr 7.5hr
representation letters for PAML
entities

Drafted compliance plan audit

9/05/2017 9am 5pm 0.5hr 7.5hr opinions, management representation
letters for PT and PGF funds

11/05/2017 9am 5pm 0.5hr 7.5hr Completed acceptance and

continuance, understand the entity
 and the environment and risk
assessment analytics EGAs

Completed accounting estimates risk

assessment, fraud risk assessment,
other risk assessment procedures,
12/05/2017 9am 5pm 0.5hr 7.5hr
plan use of service organization
SSAL and plan use of work of internal
audit EGAs

Completed plan use of management

experts (tax), audit strategy, review
15/04/2017 9am 5pm 0.5hr 7.5hr
panel, tax risk assessment and
communications (planning) EGAs

Completed understand and evaluate

internal controls and understand the
16/05/2017 9am 5pm 0.5hr 7.5hr
entitys response to information
technology risks EGAS

Completed independence EGAs,

updated audit opinion reports and
18/05/2017 9am 5pm 0.5hr 7.5hr
drafter compliance plan planning
EGAs

Booked bank confirmations team,

compiling bank accounts listing.
19/05/2017 9am 5pm 0.5hr 7.5hr
Attended and documented kick-off
planning meeting for PAML.

Total number of Placement Hours: 334.5hrs