Client: Lukenya Academy Prepared by: Aw Date: 29.6.09

Period ended: 31st December 2008 Reviewed by: Date:

Reviewed by: Date:

Subject: Points Carried Forward to Subsequent Audit

OBJECTIVES

To bring forward from the last year’s audit file and to carry forward to next year's audit file items which may or will affect the conduct or cost of the audit and which might otherwise be overlooked.

Note: Points forward must not include work still outstanding or not completed if these were planned to be audit evidence for the current year.

PROCEDURE

Ensure that the points brought forward schedule from the previous year is brought forward and properly dealt with.

Throughout the audit process, record any points to be carried forward.

The left-hand side should record the points and the right-hand side its eventual clearance during the following year's audit.

Use additional schedules where required.

Consider:

1. New information / developments / procedures which have no material bearing on the current year's financial statements but might be helpful in future years.

2. Alternative sources of evidence which might provide better audit assurance or reduced costs.3. Ideas for improving efficiency.4. Requests from the client.

POINTS W/P REF CLEARANCE Initial/Date

Perform creditors circularisation as this was not done in 2008

Include an emphasis of matter in 2009 accounts should current liabilities continue to be more than the current assets and should the shareholders deficit increase.

3/1500