Nama Anggota :

MARKRICH SPORTSWORLD, INC.

INVESTMENTS
DECEMBER31, 19X1

Post. Ref Descriptions

104 Marketabe Securities

Based on the study of intenal controls and

the results of the audit test performed, it is
my opinion that marketable securities is
fairly stated at December 31, 19X1. CH
 Per books Final
Adjustments
12/31/X1 12/31/X1

$ 12,000 $ 12,000 B-3 B-5

$ 12,000 $ 12,000
MARKRICH SPORTSWORLD, INC.
ADDITION OF MARKETABLE SECURITIES
DECEMBER31, 19X1

B-4
Outage Corp. (120 Shares) @$100 per share) 12000 ᴓ
X ˜ B-5
B
Dividend Income Outage Corp. (120 shares @$5 Y 600 √
per share)
L
˜: Examined approved voucher cancelled check and broker's statement CH
X: Agreed with board of directors minutes) CH
ᴓ: Year end market value per the work sheet journal was $12300 CH
√: Traced to cash receipts CH
Y: Dividend rate agreed to standard & Poor's dividend record CH
MARKRICH SPORTSWORLD, INC.
INSPECTION OF SECURITIES
DECEMBER31, 19X1

Outage Corp. :m Certificate # 2020 for 120 B-5

common shares

Custodian Acknowledgement the above

described stock
Certificate (#2020) wass inspected on
December 31, 19X1 and replaced in the safe
deposit box in mix presence
Lynda Money,
Treasurer
12-31-X1
MARKRICH SPORTSWORLD, INC.
DECEMBER31, 19X1

...
April 3, 19X1 bought (a) 120 shares of Otage Corp. at (b) 99,00 per share.
Commission was $120 (c).
We hold no shares for Markrich
...

(a) 120
(b) $99 per share x
$11880
(c) $120 +
$12.000
B-3
 MARKRICH SPORTSWORLD, INC.
AUDIT PROGRAM
INVESTMENTS AND INVENSTMENT INCOME
DECEMBER31, 19X2

BY
Review and evaluate internal controls for
1 investments. CH

Review board of directors' minutes for authorization

to acquire and/or dispose of investments.
2 Student

Prepare an analysis of the investments, showing

beginning balances, acquisitions, disposals, and
3 ending balances. Student

Trace beginning balance to prior year workpapers.

4 CH
Examine supporting documents for acquisitions and
5 disposals. Student
Inspect certificates for all investments maintained by
client. Schedule certificates numbers, number of
6 shares, owner, par of face value. CH

Confirm details of investments held by third parties

7 and agree to subsidiary records. Student
Compute and reconcile investment income with
8 independent dividend and interest records. CH

Compute gain/losses on any dispossals and trace to

9 appropriate ledger accounts. Student
Determine year-end market values and compare
10 with recorded cost. Student

11 Trace ending balances into financial statements. Student

Review account changes from end of fiscal year
12 through completion of audit CH

Review:
 REF ASSERTION REMARKS

B-2 Existence & Completness

B-2 Existence or occurance

B-3, B-4

B-3

B-4, B-5

Inspected in
B-4 client's presence

B-5 N/A

There were no
changes
 MARKRICH SPORTSWORLD, IN
INVESTMENTS AND INVESTMENT IN
YES
Are purchases and sales of investments approved in advance by board of directors, finance
1 √
committe, or other authorized personnel?
Is an investment ledger containing descriptions, certificate numbers, interest or dividend
2 rates, acquisition costs, and dates maintained?

3 Are all investments maintained in the client's name? √

4 Are certificates maintained in a bank deposit box or other adequate security area with √
acces restricted to two authorized officials?
Are physical custody, recordkeeping, and authorization to acquire assigned to separate
5 √
personnel?

6 Are market values of investments regularly reviewed? √

7 Is investment income compared to publicly available sources on a regular basis? √

Review:
Internal control is good, because most of the answer is "yes".

Pengendalian internal untuk investasi cukup baik, terlihat dari kesesuaian dengan kriteria penilaian dalam kolom. Se
bagian yang bertanggungjawab dan dijaga pemeliharaannya oleh bagian yang terpisah, dan juga dikelompokkan ses
buku besar kurang lengkap. Meskipun sebagian besar dari kriteria penilaian telah terpenuhi, pencatatan investasi pa
dividend, biaya akuisisi, dan tanggal perolehan. Dalam perusahaan ini pemisahan tanggungjawab telah digunakan d
disimpulkan pengendalian internal perusahaan baik sehingga substantive test dapat diperkecil dan melaksanakan co
 RICH SPORTSWORLD, INC.
NTS AND INVESTMENT INCOME
YES NO ASERSI REMARKS
√ Existence or occurance

Presentation, Disclosure &

√ Completness

√ Presentation & Disclosure

√ Existence & completness

√ Existence & completness

√ Valuation & Allocation

√ Valuation & Allocation

nilaian dalam kolom. Setiap transaksi investasi yang dimiliki perusahaan diikuti dengan adanya otorisasi oleh setiap
juga dikelompokkan sesuai dengan nama klien. Sedangkan pengendalian internal dalam pencatatan investment pada
, pencatatan investasi pada buku besar harus dilengkapi dengan uraian yang berisikan nomor sertifikat, bunga atau tingkat
awab telah digunakan dengan baik, beserta dengan otorisasi dan persetujuan. Berdasarkan penilaian sementara dapat
cil dan melaksanakan compliance test serta mengambil kesimpulan akhir terhadap pengendalian internal.
 MARKRICH SPORTSWORLD, INC.
INVESTMENTS
DECEMBER 31, 19X2

Per books
Post. Ref Descriptions Adjustments
12/31/X1

104 Marketabe Securities $ 18,000

$ 18,000

Based on the study of intenal controls

and the results of the audit test
performed, it is my opinion that
marketable securities is fairly stated at
December 31, 19X2. CH
 Final
12/31/X1

$ 18,000

$ 18,000
MARKRICH SPORTSWORLD, INC.
ADDITION OF MARKETABLE SECURITIES
DECEMBER31, 19X1

Outage Corp. (60 Shares) @$100 per share) B-4 X 12000 ᴓ

˜ B-5
Leisure

Dividend Income Outage Corp. (120 shares @$5 Y 600 √

per share)

L
˜: Examined approved voucher cancelled check and broker's statement CH
X: Agreed with board of directors minutes) CH
ᴓ: Year end market value per the work sheet journal was $12300 CH
√: Traced to cash receipts CH
Y: Dividend rate agreed to standard & Poor's dividend record CH
Urutan Workpaper