Auditing of payables to employees and salary deductions in financial statement audit

(Source: Audited records of Company A)

[Note: (1) Optional procedures are based on client characteristics, audit practice, and auditor findings].

D. CONCLUSION

In my opinion, based on the evidence obtained from performing the above procedures, the audit objectives presented at the beginning of the audit program have been achieved, except for the following matters:

Signature of the executor:Huynh

Other conclusions of the Board of Directors and/or Chief Auditor (if any):

BALANCE SHEET OF SALARY AND SALARY DEDUCTIONS (E251)

E251

SAO VIET AUDIT COMPANY LIMITED

	Name	Day
Customer name: A Company Limited	Performed by:	Huynh	01/22/16
Closing date: December 31, 2015	Reviewer 1:	Weight
Content: PAYABLES (SALARY)	Reviewer 2:

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BALANCE SHEET (SALARY)

Account Name

01/01/2015	Increase	Reduce	December 31, 2015

Payable to workers	11,262,983,550	68.281.519.020	68,408,873,540	11,135,629,030
Salary, wages	11,064,270,750	64,092,743,220	64,159,978,340	10,997,035,630
Bonus	-	2,194,500,000	2,194,500,000	-
Union dues		34,006,500	34,006,500
Social insurance	81,085,290	8,220,043,920	8,287,622,200	148,663,570
Health insurance		1,451,308,815	1,451,308,815
Unemployment insurance		637,509,400	637,509,400
	PY	TB	TB	TB, GL
PY: Matches last year's BCKiT.
TB, GL: Matches the figures on the Balance Sheet and General Ledger.

(Source: Audited records of Company A)

BALANCE OF SALARY DEDUCTIONS

SAO VIET AUDIT COMPANY LIMITED

	Name	Day
Customer name: A Company Limited	Performed by:	Huynh	01/22/16
Closing date: December 31, 2015	Reviewer 1:	Weight
Content: ACCOUNT 338	Reviewer 2:

Account 3382001	Account 3383001
Beginning balance	-	81,085,290
Debt generation	34,006,500	8,220,043,920
Arising has	34,006,500	8,287,622,200
Closing balance	-	148,663,570
	Account 3384001	Account 3386001
Beginning balance	-	-
Debt generation	1,451,308,815	637,509,400
Arising has	1,451,308,815	637,509,400
Closing balance	-	-

VIETNAM SOCIAL INSURANCE	SOCIALIST REPUBLIC OF VIETNAM
CAN THO CITY SOCIAL INSURANCE	Independence - Freedom - Happiness
	Form C12-TS
	(Issued under Decision No. 1111/QD-BHXH) October 25, 2011 of Vietnam Social Security)

ANNOUNCEMENT OF RESULTS OF SOCIAL INSURANCE PAYMENT IN JANUARY

NOTIFICATION

Health insurance, unemployment insurance, social insurance payment results January 2015

To: A Company Limited. Unit code: TZ0162Z

Address: Lot 17A8 Tra Noc II Industrial Park, Phuoc Thoi Ward, O Mon District, Can Tho City.

CAN THO CITY SOCIAL INSURANCE

Address: 138X/20, Nguyen Van Cu Street, An Khanh Ward, Ninh Kieu District, Can Tho City.

Account number: 1890202916015 at the Bank for Agriculture and Rural Development, Ninh Kieu Branch (at the Treasury: 3741.0.1056714.92008 (MSNS: 1056714))

Notice of the results of health insurance, unemployment insurance and social insurance contributions of the unit as follows:

STT

Content	Social insurance	Health insurance	Social Insurance	Add
A	B	1	2	3	4=1+2+3
A	Last period brought over
1	Number of employees	749	749	749
2	Must close
2.1	Excess
2.2	Lack
3	Interest
3.1	Excess
3.2	Lack
B	Occurred during the period	750.150.830	130,562,685	57,519,110	938,232,625
1	Number of employees
1.1	Increase	226	226	226
1.2	Reduce	11	11	11
2	Must close	750.150.830	129,833,797	57,519,110	937,503,737
2.1	Increase	248,995,480	43,095,443	19,078,730	311,169,653
2.2	Reduce	7,350,200	1,272,150	565,400	9,187,750
3	Adjustment must close the previous period		728,888		728,888
3.1	Increase		728,888		728,888
3.2	Reduce
3.3	Adjust

Content	Social insurance	Health insurance	Social Insurance	Add
A	B	1	2	3	4=1+2+3
4	Interest
4.1	Interest Amount
4.2	Interest Rate	0.871	0.750	0.871
4.3	Total interest
5	2% compulsory social insurance left	57,703,910			57,703,910
C	Amount paid during the period	692,446,920	130,562,685	57,519,110	880,528,715
1	Actual payment	692,446,920	130,562,685	57,519,110	880,528,715
2	Interest income
3	Record 2%
- UNC January 29, 2015					880,528,715
D	Move to next period	57,703,910			57,703,910
1	Number of employees	964	964	964
2	Must close
2.1	Excess
2.2	Lack	57,703,910			57,703,910
3	Interest
3.1	Excess
3.2	Lack

STT

Note:

(Source: Audited records of Company A)

a. As a result, the unit has paid social insurance for 964 employees by the end of January 2015.

b. As a result, the unit has paid social insurance for 964 employees by the end of January 2015.

c. The excess amount to be paid for the next period is: 0 VND.

d. Request the unit to check the above data, if not agreed, please go to Can Tho City Social Insurance agency to check and adjust before February 28, 2015. If the unit does not come after the above deadline, the above data is correct.

Can Tho City, February 6, 2015

COLLECTION OFFICER

KT. DIRECTOR

VICE PRESIDENT

CHECKING PAYROLL DEDUCTIONS (E254)

SAO VIET AUDIT COMPANY LIMITED

	Name	Day
Customer name: A Company Limited	Performed by:	Huynh	01/22/16
Closing date: December 31, 2015	Reviewer 1:	Weight
Content: PAYABLES	Reviewer 2:

CHECKING SALARY DEDUCTIONS 1/ Social insurance, health insurance, unemployment insurance

Month

Basic salary	Social insurance (26%)	Health insurance (4.5%)	Social Insurance (2%)	Total
01		750.150.830	130,562,685	57,519,110	938,232,625
02		754,500,890	130,586,693	57,853,730	942.941.313
3		727,459,590	129,814,245	55,773,630	913.047.465
4		714,071,930	124,755,593	54,743,810	893,571,333
5		701.303.460	122,691,443	54,697,299	878.692.202
6		691.806.830	121,193,573	53,215,910	866.216.313
7		684,047,650	119,704,860	52,619,050	856,371,560
8		669,684,730	117,226,643	51,514,210	838.425.583
9		661,969,880	115,446,375	50,920,760	828.337.015
10		649.247.170	114,272,483	49,942,090	813,461,743
11		644,237,880	112,676,603	49,556,760	806.471.243
12		639,141,360	112,377,623	49,164,720	800.683.703
Add		8,287,622,200	1,451,308,819	637,521,079	10,376,452,100
Number posted to account 338		8,287,622,200	1,451,308,819	637,509,400
Difference		-	-	11,679
Company responsible		18%	3%	1%
Amount		5,737,584,600	967,539,210	318,760,540
Number recorded in CP		5,748,755,760	975,034,445	319,690,390
Difference		(11,171,160)	(7,495,235)	(929,820)

(Source: Audited records of Company A)

The difference is due to some workers quitting in the middle of the month, but the company still has to pay insurance for the whole month for employees.

2/ Union fees.

Real salary fund

The amount of KPCĐ is deducted 2%

Number of KPCĐs accounted for: 34,006,500

Difference(34,006,500)

 The company does not deduct union fees, but this is the union fee of the staff and employees.

LIST OF LABOR LEASING SERVICES OF COMPANY Y

Y FOOD EXPORT COMPANY LIMITED

Y FOOD CO., LTD

LOT 2.19A3 TRA NOC II INDUSTRIAL PARK, PHUOC THOI WARD, OM MON DISTRICT, CAN THO CITY.

Tel: (84.7103)864753-3864754 – Fax: (84.7103)864755 – Email: yfood@gmail.com.vn

No: /BKBH.NH To: A LIMITED LIABILITY COMPANY

LIST OF FEES FOR LABOR LEASING SERVICES

(Attached invoice number: January 31, 2015)

No.

Item	Unit of measure	Quantity	Unit price	Total amount	VAT (10%)	Total payment
I.	White leg shrimp
1	Nobashi from the temporary line	Kg	56,780.05	19,074	1,083,022,600	108,302,260	1,191,324,860
2	Total (I)		56,780.05		1,083,022,600	108,302,260	1,191,324,860

(Source: Audited records of Company A)

Final settlement: One billion, one hundred ninety-one million, three hundred twenty-four thousand, eight hundred sixty dong even.

Can Tho, January 31, 2015

MANAGER

CHIEF ACCOUNTANT

FOUNDER

SAMPLE SALARY PAYMENT DOCUMENT CHECK

SAO VIET AUDIT COMPANY LIMITED

	Name	Day
Customer name: A Company Limited	Performed by:	Huynh	01/22/16
Closing date: December 31, 2015	Reviewer 1:	Weight
Content: SAMPLE DOCUMENT CHECK	Reviewer 2:

CHECK SAMPLE DOCUMENTS

3,558,647,015

CT Comparison

Right	Solution	No	Yes	Money
P003/01	06/01/15	Payment for mid-shift meals December 2014	3341004	1111001	198,712,800	
P004/01	06/01/15	Monthly salary for workers on leave 12/2014	3341001	1111001	9,944,000	
P005/01	06/01/15	Salary payment for staff and employees in December 2014	3341001	1111001	83,010,455	
P002/02	02/03/15	Additional salary payment 2014	3341001	1111001	5,075,400	
P010/02	10/02/15	Monthly salary for workers on leave 01/2015	3341001	1111001	8,689,670	
P016/02	12/02/15	Payment for mid-shift meals January 2015	3341004	1111001	209,074,800	
P018/02	13/02/15	Salary payment for staff January 2015	3341001	1111001	112,322,155	
P031/3	11/3/15	Workers' salary payment February 2015	3341001	1111001	4,975,300	
P032/3	11/3/15	Payment for mid-shift meals February 2015	3341004	1111001	87,456,600	
P046/3	3/17/15	Salary payment for staff and employees February 2015	3341001	1111001	110,512,490	
P020/4	April 14, 2015	Payment for mid-shift meals March 2015	3341004	1111001	116,133,600	
P022/4	April 14, 2015	Workers' salary payment March 2015	3341001	1111001	7,796,910	
P024/4	April 14, 2015	Salary payment for staff and employees March 2015	3341001	1111001	115,336,705	
P035/5	12/5/15	Salary payment for staff and employees in April 2015	3341001	1111001	117,489,955	
P037/5	12/5/15	Payment for mid-shift meals April 2015	3341004	1111001	221,654,400	
P042/5	5/14/15	Workers' salary payment April 2015	3341001	1111001	18,169,140	
P008/6	06/09/15	Payment for mid-shift meals in May 2015	3341004	1111001	197,313,600	
P009/6	06/09/15	Workers' salary payment May 2015	3341001	1111001	20,679,890	
P010/6	06/09/15	Salary payment for staff in May 2015	3341001	1111001	120.122.805	
P011/6	06/09/15	Outsourced security guard salary (January - June)	3341001	1111001	72,000,000	
P030/7	10/7/15	Workers' salary payment June 2015	3341001	1111001	13,014,980	
P031/7	10/7/15	Salary payment for staff in June 2015	3341001	1111001	120.122.805	
P037/7	7/13/15	Payment for mid-shift meals June 2015	3341004	1111001	150,711,000	
P05/8	10/8/15	Workers' salary payment July 2015	3341001	1111001	18,018,880	
P015/8	11/8/15	Payment for mid-shift meals in July 2015	3341004	1111001	14,962,200	
P022/8	8/13/15	Salary payment for staff in July 2015	3341001	1111001	120.122.805	
P016/9	11/9/15	Workers' salary payment August 2015	3341001	1111001	3,582,700	
P023/9	11/9/15	Salary payment for staff and employees August 2015	3341001	1111001	124,555,805	
P024/9	9/14/15	Payment for mid-shift meals in August 2015	3341004	1111001	189,908,400	
P019/10	10/09/15	Workers' salary payment September 2015	3341001	1111001	6,200,040	
P022/10	10/14/15	Payment for mid-shift meals September 2015	3341004	1111001	153,238,800	
P023/10	10/14/15	Salary payment for staff September 2015	3341001	1111001	124,555,805	
P011/11	11/09/15	Salary payment for staff in October 2015	3341001	1111001	119,407,805	
P012/11	11/09/15	Workers' salary October 2015	3341001	1111001	2,996,840	

Right	Solution	No	Yes	Money
P013/11	11/09/15	Payment for mid-shift meals October 2015	3341004	1111001	205,576,800	
P012/12	12/09/15	Workers' salary payment November 2015	3341001	1111001	3,031,270	
P013/12	12/09/15	Salary payment for staff and employees November 2015	3341001	1111001	114,517,205	
P014/12	10/12/15	Payment for mid-shift meals November 2015	3341004	1111001	174,352,200	
P015/12	10/12/15	Outsourced security guard salary (July - December)	3341001	1111001	72,000,000	

Auditing of payables to employees and salary deductions in financial statement audit - 13

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