A -- 1 2 Risk Assessment Questionnaire Client: Esther Dothers Balance Sheet Date:31/12/2014 Revieved by: Date: Initial . Arisk assessment process should consider esternal and internal events and circumstances that may occur and adversely affect is ability to nattecord, process, and report financial data consistent with management assertions Management should initiate plans, programs, on actions to address significant identified risks or accept the risk because of cost considerations. Question Yes, No, NA Comments 1 Does the entity set entity-vide objectives the state that the Respero untily desires to achieve and are the supported by si zegd Here Provide Any Adresa/ Comments Here Does the entity have a risk analysis process that includes Yes The companys Ausiness wao and Audgeting 2 Estimating the signiicance of the risks, assessing the telihood process incloensiering vi har mig of their courring and determining the scbons needed to affect the cempang Alenchy meetings are held respond to the risks? Dy senior manaoinear to discuss resear events 3 Does the entry have more to identi and react to respon changes that may dramatical and patvarive flot the entis2 Here Prowie Ang Additional Comments Mere Control Procedures Questionnaire Client: Earth Wear Clothiers Balance Sheet Water J1122017 Initial Hevieved be Date: 10 11 12 13 * 1 15 Control procedures include the policies and procedures that ensuethal managements directives are efective in processing and preparing Hinancial statements Control activities ensure that the entity's Financial reporting objective is carried out Yes, No, NIA Comments Question Does management have clear objectives in terms of budget profit and other financial and operating goals? Yos 4 East Vear has a very sophisticated budgeting process that includes monitoring activities. AW significant Auger wariances are summarized and az/aid in a month control's report. En 20 22 5 NAN Ale such obiectives: Clearly vilton? Actively communicated throughout the entity? Actively monitored? 25 27 28 Yes 6 Does the appropriate level of management Adequate Investigate variances? Take appropriate and timely corrective actions? LOIDES 31 8 +2 Does the information system give management the necessary Yas reports on the entity's performance relative to established obieces.including relevant external and internal information? and in time to enable them to carry out their responsibilities Here The strategie plan and the Audgeting poems identi information that is needed to analyze and meriter the entir's objectives Provide Any Adoritional Comments Mere 9 33 34 10 Yes Is the development of revision of information systems over financial reporting based on a state plan? There is a strategie plan fer updating the information systems are financial reporting 35 5 27 COMMUNICATION 19 50 51 52 Communiostion includes the extent to which personnel understand how their activities in the financial reporting information system reiste to the work of others and the means of teporting exceptions to an appropriate level within the entry Yes, No, NIA Comments Question 11 53 Does Management communicate employees Guties and Yes control responsibile in an adjective manner? Are communication channels estabished for people to report Respoo suspected nogicies? Here Employees are previded with information regarding their doties disgrede la trang Prove Any Adobitional Comments Here 56 55 12 13 Yes Does communication flow across the organization sdegustel to enable people to disch other responsibilities efectel? There are good communications channels access departenars 55 57 59 59 30 31 Monitoring Questionnaire Client: EarthWear Clothiers Balance Sheet Date: 31/12/2014 Initial Revieved by Date: 52 33 54 55 Management should monitor Internal control in the ordinary course of operations. This monitoring includes regular management and supervisory states and other actions personneltake in performing their duties to assess the quality of internal control Yes, Question No, NIA Comments 14 Bespon How many customer complaints are received about bilings? Provide Ang Additional Commens Here 15 Ae oomplaints rivestigated for underlying causes and an Haspers internal control deficiencies collected? Here Provior Ang Additional Comments Mere 16 Does the entity have an internal audit function? Yes 56 57 A -- 1 2 Risk Assessment Questionnaire Client: Esther Dothers Balance Sheet Date:31/12/2014 Revieved by: Date: Initial . Arisk assessment process should consider esternal and internal events and circumstances that may occur and adversely affect is ability to nattecord, process, and report financial data consistent with management assertions Management should initiate plans, programs, on actions to address significant identified risks or accept the risk because of cost considerations. Question Yes, No, NA Comments 1 Does the entity set entity-vide objectives the state that the Respero untily desires to achieve and are the supported by si zegd Here Provide Any Adresa/ Comments Here Does the entity have a risk analysis process that includes Yes The companys Ausiness wao and Audgeting 2 Estimating the signiicance of the risks, assessing the telihood process incloensiering vi har mig of their courring and determining the scbons needed to affect the cempang Alenchy meetings are held respond to the risks? Dy senior manaoinear to discuss resear events 3 Does the entry have more to identi and react to respon changes that may dramatical and patvarive flot the entis2 Here Prowie Ang Additional Comments Mere Control Procedures Questionnaire Client: Earth Wear Clothiers Balance Sheet Water J1122017 Initial Hevieved be Date: 10 11 12 13 * 1 15 Control procedures include the policies and procedures that ensuethal managements directives are efective in processing and preparing Hinancial statements Control activities ensure that the entity's Financial reporting objective is carried out Yes, No, NIA Comments Question Does management have clear objectives in terms of budget profit and other financial and operating goals? Yos 4 East Vear has a very sophisticated budgeting process that includes monitoring activities. AW significant Auger wariances are summarized and az/aid in a month control's report. En 20 22 5 NAN Ale such obiectives: Clearly vilton? Actively communicated throughout the entity? Actively monitored? 25 27 28 Yes 6 Does the appropriate level of management Adequate Investigate variances? Take appropriate and timely corrective actions? LOIDES 31 8 +2 Does the information system give management the necessary Yas reports on the entity's performance relative to established obieces.including relevant external and internal information? and in time to enable them to carry out their responsibilities Here The strategie plan and the Audgeting poems identi information that is needed to analyze and meriter the entir's objectives Provide Any Adoritional Comments Mere 9 33 34 10 Yes Is the development of revision of information systems over financial reporting based on a state plan? There is a strategie plan fer updating the information systems are financial reporting 35 5 27 COMMUNICATION 19 50 51 52 Communiostion includes the extent to which personnel understand how their activities in the financial reporting information system reiste to the work of others and the means of teporting exceptions to an appropriate level within the entry Yes, No, NIA Comments Question 11 53 Does Management communicate employees Guties and Yes control responsibile in an adjective manner? Are communication channels estabished for people to report Respoo suspected nogicies? Here Employees are previded with information regarding their doties disgrede la trang Prove Any Adobitional Comments Here 56 55 12 13 Yes Does communication flow across the organization sdegustel to enable people to disch other responsibilities efectel? There are good communications channels access departenars 55 57 59 59 30 31 Monitoring Questionnaire Client: EarthWear Clothiers Balance Sheet Date: 31/12/2014 Initial Revieved by Date: 52 33 54 55 Management should monitor Internal control in the ordinary course of operations. This monitoring includes regular management and supervisory states and other actions personneltake in performing their duties to assess the quality of internal control Yes, Question No, NIA Comments 14 Bespon How many customer complaints are received about bilings? Provide Ang Additional Commens Here 15 Ae oomplaints rivestigated for underlying causes and an Haspers internal control deficiencies collected? Here Provior Ang Additional Comments Mere 16 Does the entity have an internal audit function? Yes 56 57
