PEM Contents Checklist

Contents Checklist PEM Contents Checklist Below is a detailed listing of the entire contents for Update #41 dated September 2008. This is provided to allow subscribers to ensure that their binder(s) are complete and up to date. VOLUME 1 Front Pages Title Page/CIP... 04/2008 Preface Pre-1 Pre-2................ 04/2008 About the Authors AA-1 AA-2................ 04/2008 Table of Contents TOC-i TOC-xx............. 04/2008 TOC-xxi TOC-xxv.......... 09/2008 Introduction Intro.1-1 Intro.1-2... 09/2008 Intro.2-1 Intro.2-2... 04/2008 Intro.3-1 Intro.3-2... 03/2006 Intro.4-1... 04/2008 1A.4-1 1A.4-2.............. 03/2006 1A.5-1 1A.5-7.............. 04/2007 1A.6-1 1A.6-7.............. 04/2007 1A.7-1 1A.7-4.............. 11/2007 1A.8-1 1A.8-2.............. 04/2007 1A.9-1... 04/2007 1A.10-1 1A.10-3............ 04/2007 1A.11-1... 04/2007 1B.1-1 to 1B.1-2............... 04/2007 Chapter 2 Risk and Internal Control 2.1-1 2.1-16................ 04/2008 2.2-1 2.2-8................. 04/2008 2.3-1 2.3-9................. 04/2008 2app-1...................... 04/2008 2A.1-1 2A.1-8.............. 04/2008 2A.2-1 2A.2-7.............. 03/2006 2A.3-1... 09/2008 Part A Basic Concepts Part A-1 Part A-3........... 04/2008 Chapter 1 Getting Started 1.1-1 1.1-2................. 04/2008 1.1-3 1.1-7................. 03/2006 1.2-1 1.2-6................. 04/2008 1.3-1 1.3-10................ 04/2008 1.4-1 1.4-4................. 04/2008 1app-1...................... 04/2007 1A.1-1... 03/2006 1A.2-1... 03/2006 1A.3-1 1A.3-2.............. 03/2006 Part B Audits Part B-1 Part B-9... 04/2007 Chapter 3 Risk Assessment 3.1-1 3.1-9................. 03/2006 3.2-1 3.2-6................. 03/2006 3.3-1 3.3-14................ 03/2006 3.3-15 3.3-17............... 11/2007 3.4-1 3.4-4................. 03/2006 3.5-1 3.5-4................. 03/2006 3.5-5 3.5-6................. 11/2006 3.6-1 3.6-9................. 03/2006 3.7-1 3.7-4................. 03/2006 September 2008 : CC-1

Professional Engagement Manual 3.8-1 3.8-4................. 03/2006 3app-1...................... 04/2007 3A.1-1...03/2006 3A.2-1...03/2006 3B.1-1....................... 04/2007 3B.2-1....................... 04/2007 Chapter 4 Response to Assessed Risks 4.1-1 4.1-7................. 03/2006 4.2-1 4.2-6................. 03/2006 4.2-7 4.2-10................ 11/2007 4.3-1 4.3-5................. 03/2006 4.4-1 4.4-6................. 03/2006 4.5-1 4.5-10................ 03/2006 4.5-11....................... 04/2007 4.6-1 4.6-4................. 03/2006 4.7-1 4.7-4................. 03/2006 4app-1 4app-2... 04/2007 4A.1-1 4A.1-3.............. 04/2007 4A.2-1 4A.2-2.............. 04/2007 4B.1-1 4B.1-8... 04/2007 4C.1-1 4C.28-1... 04/2007 Chapter 5 Specific Considerations 5.1-1 5.1-5................. 11/2006 5.2-1 5.2-4................. 11/2006 5.3-1 5.3-6................. 11/2006 5.4-1 5.4-3................. 11/2006 5.5-1 5.5-5................. 11/2006 5.6-1 5.6-5................. 11/2006 Chapter 6 Reporting 6.1-1 6.1-8................. 11/2006 6.2-1 6.2-12................ 11/2006 6.3-1 6.3-2................. 11/2006 6.3-3 6.3-4................. 04/2007 6.3-5 6.3-8................. 11/2006 6.4-1 6.4-7................. 11/2006 6app-1 6app-2... 04/2007 6A.1-1... 11/2006 6A.2-1... 11/2006 6A.3-1... 11/2006 6A.4-1... 11/2006 6A.5-1... 11/2006 6A.6-1... 11/2006 6A.7-1... 11/2006 6A.8-1... 11/2006 6A.9-1... 11/2006 6A.10-1... 11/2006 6A.11-1... 11/2006 6B.1-1....................... 11/2006 6C.1-1 6C.1-2... 11/2006 6C.2-1 6C.2-3... 11/2006 6C.3-1 6C.3-3... 11/2006 6D.1-1... 04/2007 6D.2-1 6D.2-2.............. 04/2007 6D.3-1... 04/2007 6D.4-1 6D.4-2.............. 04/2007 Part C Reviews and Compilations Part C-1 Part C-4........... 04/2007 Chapter 8 Performing a Review Engagement 8.1-1 8.1-4................. 11/2006 8.2-1 8.2-5................. 11/2006 8.3-1 8.3-2................. 11/2006 8.4-1 8.4-7................. 11/2006 8.5-1 8.5-3................. 11/2006 8.6-1 8.6-2................. 11/2006 8.7-1 8.7-7................. 11/2006 8app-1 8app-2... 04/2007 8A.1-1 8A.1-2.............. 11/2006 8A.2-1 8A.2-2.............. 09/2008 8A.3-1 8A.3-2.............. 04/2007 8B.1-1....................... 11/2006 8B.2-1....................... 11/2006 8B.3-1....................... 11/2006 8B.4-1....................... 11/2006 8B.5-1....................... 11/2006 8B.6-1....................... 11/2006 8B.7-1....................... 11/2006 8B.8-1....................... 11/2006 8B.9-1....................... 11/2006 8B.10-1...................... 11/2006 8B.11-1...................... 11/2006 Chapter 9 Performing a Compilation Engagement 9.1-1 9.1-2................. 04/2007 9.2-1 9.2-2................. 11/2006 9.3-1 9.3-2................. 11/2006 9.4-1 9.4-2................. 04/2007 9.4-3 9.4-4................. 11/2006 9app-1...................... 04/2007 9A.1-1 9A.1-4.............. 04/2007 9A.2-1... 04/2007 9B.1-1....................... 04/2007 9B.2-1....................... 04/2007 9B.3-1....................... 04/2007 9B.4-1....................... 04/2007 9B.5-1....................... 04/2007 9B.6-1....................... 04/2007 9B.7-1....................... 04/2007 CC-2 : Contents Checklist

Contents Checklist Part D Other Assurance Engagements Part D-1 Part D-2........... 04/2008 Chapter 10.1 Audit of Small Not-for-profit Entities 10.1-1 10.1-32.............. 11/2007 Chapter 10.2 Future-oriented Financial Information 10.2-1 10.2-11.............. 04/2008 10.2app-i.................... 04/2008 10.2A-1 10.2A-15........... 04/2008 10.2B-1 10.2B-3... 04/2008 10.2C-1 10.2C-11... 04/2008 10.2D-1 10.2D-8............ 04/2008 Part E Engagement Techniques Part E-1... 04/2008 Chapter 11.1 Making Audit Inquiries 11.1-1 11.1-5............... 04/2008 Chapter 11.2 Communicating with Graphics 11.2-1 11.2-17.............. 04/2008 VOLUME 2 Front Pages Title Page/CIP...04/2008 Table of Contents TOC-i TOC-xx.................................................... 04/2008 TOC-xxi TOC-xxv................................................. 09/2008 Part F Practice Aids Audit Forms 001 Audit engagement file index [Sample]........................... 09/2008 100 Report Transmittal.............................................. 11/2007 300-399 Completion Documents 310 Checklist Audit completion.................................... 04/2008 315 Checklist Financial statement presentation...04/2008 320 Notes on significant decisions.................................... 11/2007 330 Worksheet Matters for discussion...09/2008 335 Worksheet Summary of possible adjustments...04/2008 340 Worksheet Reportable and other audit findings...11/2007 345 Worksheet Extracts from minutes...11/2007 400-499 Planning 400 Overall audit strategy........................................... 09/2008 402 Worksheet Team planning discussion........................... 09/2008 403 Worksheet Scoping Identifying FSAs and underlying business processes...09/2008 404 Material F/S components and summary of assessed risks...09/2008 405 New engagement Acceptance.................................. 11/2007 407 New engagement Checklist.................................... 11/2007 410 Existing engagement Continuance.............................. 11/2007 435 Worksheet Meeting notes with management..................... 03/2006 440 Worksheet Assistance requested from management............... 11/2007 450 Worksheet Preliminary time budget...09/2008 September 2008 : CC-3

Professional Engagement Manual 500-599 Risk Assessment 500 Guide to risk assessment forms................................... 09/2008 504 Materiality...09/2008 510 Identifying risks through understanding the entity................. 09/2008 511 Worksheet Business and fraud risk identification................. 04/2008 520 Risk assessment Business/operating...09/2008 522 Risk assessment Fraud........................................ 09/2008 524 Worksheet Analytical procedures...04/2008 526 Worksheet Risk assessment procedures...04/2008 528 Understanding internal control Step by step..................... 09/2008 530 Entity level controls Design/implementation..................... 09/2008 532 General IT controls Design/implementation...09/2008 534 Worksheet Internal control documentation and implementation.... 09/2008 535 Worksheet Walk-through procedures Business process controls.. 09/2008 568-578 Risk/control matrices Instructions on use...11/2007 568 Control design matrix [Blank].................................. 09/2008 570 Control design matrix F/S preparation...09/2008 572 Control design matrix Payroll.................................. 09/2008 574 Control design matrix Revenues, receivables, receipts............. 09/2008 578 Control design matrix Purchases, payables, payments............. 09/2008 580 Worksheet Listings of typical control procedures................. 09/2008 582 Worksheet Identified internal control weaknesses...11/2007 584 Summary of control risk assessments...04/2008 590 Summary of assessed risks....................................... 09/2008 600-699 Response to Assessed Risks 604 Worksheet Audit budget....................................... 03/2006 606 Worksheet Detailed audit response............................. 09/2008 610 Worksheet Substantive sampling............................... 09/2008 614 Worksheet Substantive analytical procedures...03/2006 615 Worksheet Tests of controls (operating effectiveness)........... 04/2008 620 Worksheet Further audit procedures............................ 04/2008 626 Worksheet Going concern...09/2008 630 Worksheet Tests of controls Entity level/it general controls...04/2008 660 Worksheet Employee future benefits............................ 11/2006 662 Worksheet Estimates and fair values............................ 04/2008 664 Worksheet Environmental contingencies...11/2006 666 Worksheet Related party transactions........................... 04/2008 668 Worksheet Contingencies, commitments, subsequent events........ 04/2008 670 Worksheet Journal entries...04/2008 675 Audit procedures.................................. 03/2006 690 Worksheet Library of potential additional audit procedures...09/2008 Audit Plans and Procedures Assets A.100 Cash Audit procedures..................................... 04/2008 A.110 Bank reconciliation checklist................................... 03/2006 A.115 Cash count checklist.......................................... 03/2006 B.100 Investments Audit procedures (differential reporting)...04/2008 B.110 Investment count checklist...03/2006 B.115 Investments Audit procedures....09/2008 C.100 Accounts receivable, trade & other Audit procedures........... 04/2008 C.110 Accounts receivable confirmation checklist...03/2006 D.100 Inventory Audit procedures................................. 04/2008 D.110 Inventory count checklist...03/2006 CC-4 : Contents Checklist

Contents Checklist E.100 Loans and advances receivable Audit procedures...04/2008 L.100 Prepaid expenses and other assets Audit procedures...04/2008 N.100 Long-term investments Audit procedures..................... 09/2008 N.110 Investment count checklist...03/2006 U.100 Property, plant and equipment Audit procedures...04/2008 W.100 Deferred charges, intangibles and goodwill Audit procedures...04/2008 Audit Plans and Procedures Liabilities and Equity AA.100 Bank indebtedness Audit procedures...04/2008 BB.100 Notes payable and bank debt Audit procedures...04/2008 CC.100 Accounts payable and accrued liabilities Audit procedures..... 09/2008 CC.110 Accounts payable confirmation checklist....................... 03/2006 FF.100 Income taxes (differential reporting) Audit procedures...04/2008 FF.110 Income taxes Audit procedures............................. 04/2008 GG.100 Loans and advances payable Audit procedures............... 04/2008 KK.100 Long-term debt Audit procedures...04/2008 UU.100 Equity Audit procedures (partnership)...04/2008 UU.110 Equity Audit procedures (corporate)........................ 04/2008 Audit Plans and Procedures Income Statement 705 Revenues Audit procedures...04/2008 720 Cost of sales Audit procedures................................. 04/2008 730 Payroll and other expenses Audit procedures.................... 04/2008 Condensed Audit Forms 001c Audit engagement Condensed audit forms...................... 09/2008 400c Overall audit strategy........................................... 09/2008 402c Worksheet Team planning meeting............................. 09/2008 510c Identifying risks through understanding the entity...09/2008 520c Risk assessment Business/operating............................ 09/2008 522c Risk assessment Fraud........................................ 09/2008 530c Entity level controls Design/implementation....09/2008 532c General IT controls Design/implementation..................... 09/2008 568c Control design [blank]...09/2008 570c Control design F/S preparations...09/2008 572c Control design Payroll....09/2008 574c Control design Revenues, receivables, receipts...09/2008 578c Control design Purchases, payables, payments................... 09/2008 Not-for-Profit Audit Forms NFP 001 Audit engagement Not-for-profit audit forms...09/2008 NFP 510 Identifying the risks through understanding the entity........... 09/2008 NFP 574 Control design matrix NFP Revenues, receivables and receipts. 09/2008 NFP 578 Control design matrix NFP Purchases, payables, payments...09/2008 NFP C.100 Accounts, contributions and pledges receivable Audit procedures....................................... 09/2008 NFP MM.100 Deferred contributions Audit procedures................ 09/2008 NFP TT.100 Net assets Audit procedures............................ 09/2008 NFP 705 Revenues Audit procedures...09/2008 NFP 805 F/S Presentation and disclosure checklist....................... 09/2008 NFP 510c Identifying risks through understanding entity................ 09/2008 NFP 574c Control design NFP Revenues, receivables and receipts...09/2008 NFP 578c Control design NFP Purchases, payables, payments...09/2008 September 2008 : CC-5

Professional Engagement Manual Sample Completed Forms 400ex Overall audit strategy...09/2008 403ex Worksheet Scoping Identifying FSAs and underlying business processes............................... 09/2008 404ex Material F/S components and summary of assessed risks.......... 09/2008 520ex Risk assessment Business/operating.......................... 09/2008 522ex Risk assessment Fraud...09/2008 526ex Worksheet Risk assessment procedures...09/2008 530ex Entity level controls Design/implementation...09/2008 532ex General IT controls Design/implementation................... 09/2008 534ex Worksheet Control documentation and implementation...09/2008 535ex Worksheet Walk-through procedures Business process controls............................................ 09/2008 705ex Revenues Audit procedures................................. 09/2008 574c-ex Control design Revenues, receivables, receipts...09/2008 Practice Aids Review Engagement Forms 001 Review engagement file index [Sample].......................... 09/2008 100 Report transmittal...11/2007 Completion Documents 310 Checklist Review completion...09/2008 315 Checklist Financial statement presentation...09/2008 320 Notes on significant decisions.................................... 09/2008 330 Worksheet Matters for discussion...09/2008 335 Worksheet Summary of possible adjustments...11/2006 345 Worksheet Extracts from minutes...09/2008 380 Alternative review program...09/2008 385 Review engagement file review notes...11/2006 Pre-engagement Procedures 405 New engagement Acceptance.................................. 09/2008 410 Existing engagement Continuance...09/2008 Review Engagement Planning 504 Materiality...09/2008 510 Understanding the nature of the entity...11/2006 520 Review engagement plan........................................ 11/2006 524 Worksheet Time budget....................................... 11/2006 Response to Assessed Risks 626 Worksheet Going concern...09/2008 662 Worksheet Estimates and fair values............................ 09/2008 666 Worksheet Related party transactions........................... 11/2006 668 Worksheet Contingencies, commitments, subsequent events........ 11/2006 670 Worksheet Journal entries...11/2006 Review Engagement Procedures Assets A.105 Cash Review procedures.................................... 11/2007 B.105 Investments Review procedures (differential reporting)...11/2007 B.115 Investments Review procedures............................. 09/2008 C.105 Accounts receivable, trade & other Review procedures...11/2007 D.105 Inventory Review procedures...11/2007 E.105 Loans and advances receivable Review procedures............. 11/2007 CC-6 : Contents Checklist

Contents Checklist L.105 Prepaid expenses and other assets Review procedures.......... 04/2007 N.105 Long-term investments Review procedures...11/2007 U.105 Property, plant and equipment Review procedures............. 11/2007 W.105 Deferred charges, intangibles and goodwill Review procedures.. 11/2007 Review Engagement Procedures Liabilities and Equity AA.105 Bank indebtedness Review procedures...11/2007 BB.105 Notes payable and bank debt Review procedures............. 11/2006 CC.105 Accounts payable and accrued liabilities Review procedures...04/2007 FF.105 Income taxes (differential reporting) Review procedures....... 11/2006 FF.110 Income taxes Review procedures...09/2008 GG.105 Loans and advances payable Review procedures...11/2006 KK.105 Long-term debt Review procedures......................... 11/2007 UU.105 Equity Review procedures (partnership)..................... 11/2007 UU.110 Equity Review procedures (share capital).................... 11/2007 Review Engagement Procedures Income Statement 700 Income statement Review procedures........................... 11/2006 Compilation Engagement Forms 310 Compilation engagement planning and completion checklist......... 11/2006 Compilation engagement Independence checklist...11/2006 September 2008 : CC-7