Audit Program 4.0 - User Manual

FS Line Item

Assertion & Debit / Credit entry Testing

Test of Detail Working Paper Reference

Objective of Test of Details

Accrued expenses

Completeness of Debit Entries During the Period

L4.04PER.C.WP

To ensure accrued expenses are complete, accurately valued, recorded in the correct period, properly classified, and adequately disclosed in compliance with reporting standards.

Accrued expenses

Presentation and Disclosure of Debit Entries During the Period

L4.04PER.PD.WP

To ensure accrued expenses are complete, accurately valued, recorded in the correct period, properly classified, and adequately disclosed in compliance with reporting standards.

Accrued expenses

Valuation and Allocation of Debit Entries During the Period

L4.04PER.VA.WP

To ensure accrued expenses are complete, accurately valued, recorded in the correct period, properly classified, and adequately disclosed in compliance with reporting standards.

Accrued expenses

Completeness of Closing Balance At End of Period

L4.04PER.C.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for accrued expenses by verifying liabilities, supporting documents, cut-off adjustments, and compliance with valuation and disclosure requirements.

Accrued expenses

Presentation and Disclosure  of Closing Balance At End of Period

L4.04PER.PD.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for accrued expenses by verifying liabilities, supporting documents, cut-off adjustments, and compliance with valuation and disclosure requirements.

Accrued expenses

Valuation and Allocation of Closing Balance At End of Period

L4.04PER.VA.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for accrued expenses by verifying liabilities, supporting documents, cut-off adjustments, and compliance with valuation and disclosure requirements.

Accrued expenses

Completeness of Closing Balance At End of Period

L4.04END.C.WP

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of accrued expenses by verifying supporting documents, assessing accrual calculations, and confirming compliance with recognition and disclosure requirements under HKFRS for Private Entities.

Accrued expenses

Presentation and Disclosure of Closing Balance At End of Period

L4.04END.PD.WP

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of accrued expenses by verifying supporting documents, assessing accrual calculations, and confirming compliance with recognition and disclosure requirements under HKFRS for Private Entities.

Accrued expenses

Valuation and Allocation of Closing Balance At End of Period

L4.04END.VA.WP

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of accrued expenses by verifying supporting documents, assessing accrual calculations, and confirming compliance with recognition and disclosure requirements under HKFRS for Private Entities.

Amount due from related companies

Presentation and Disclosure of Debit Entries During the Period

J4.09PER.PD.WP

To ensure amounts due from related companies are genuine, recoverable, accurately valued, enforceable, and appropriately disclosed, addressing risks in valuation, rights, and presentation and disclosure.

Amount due from related companies

Rights and Obligations of Debit Entries During the Period

J4.09PER.RO.WP

To ensure amounts due from related companies are genuine, recoverable, accurately valued, enforceable, and appropriately disclosed, addressing risks in valuation, rights, and presentation and disclosure.

Amount due from related companies

Valuation and Allocation of Debit Entries During the Period

J4.09PER.VA.WP

To ensure amounts due from related companies are genuine, recoverable, accurately valued, enforceable, and appropriately disclosed, addressing risks in valuation, rights, and presentation and disclosure.

Amount due from related companies

Completeness of Closing Balance At End of Period

J4.09PER.C.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for amounts due from related companies by verifying repayments, impairments, cut-off adjustments, and compliance with intercompany agreements and disclosure requirements.

Amount due from related companies

Rights and Obligations of Closing Balance At End of Period

J4.09PER.RO.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for amounts due from related companies by verifying repayments, impairments, cut-off adjustments, and compliance with intercompany agreements and disclosure requirements.

Amount due from related companies

Valuation and Allocation of Closing Balance At End of Period

J4.09PER.VA.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for amounts due from related companies by verifying repayments, impairments, cut-off adjustments, and compliance with intercompany agreements and disclosure requirements.

Amount due from related companies

Presentation and Disclosure of Closing Balance At End of Period

J4.09END.PD.WP

To verify the existence, valuation, enforceability, recoverability, classification, and disclosure of amounts due from related companies by reviewing reconciliations, supporting documents, subsequent settlements, and related-party disclosures.

Amount due from related companies

Rights and Obligations of Closing Balance At End of Period

J4.09END.RO.WP

To verify the existence, valuation, enforceability, recoverability, classification, and disclosure of amounts due from related companies by reviewing reconciliations, supporting documents, subsequent settlements, and related-party disclosures.

Amount due from related companies

Valuation and Allocation of Closing Balance At End of Period

J4.09END.VA.WP

To verify the existence, valuation, enforceability, recoverability, classification, and disclosure of amounts due from related companies by reviewing reconciliations, supporting documents, subsequent settlements, and related-party disclosures.

Amount due from subsidiaries

Presentation and Disclosure of Debit Entries During the Period

J4.07PER.PD.WP

To ensure amounts due from subsidiaries are genuine, recoverable, accurately valued, enforceable, and properly disclosed, addressing risks in valuation, rights, and presentation and disclosure.

Amount due from subsidiaries

Rights and Obligations of Debit Entries During the Period

J4.07PER.RO.WP

To ensure amounts due from subsidiaries are genuine, recoverable, accurately valued, enforceable, and properly disclosed, addressing risks in valuation, rights, and presentation and disclosure.

Amount due from subsidiaries

Valuation and Allocation of Debit Entries During the Period

J4.07PER.VA.WP

To ensure amounts due from subsidiaries are genuine, recoverable, accurately valued, enforceable, and properly disclosed, addressing risks in valuation, rights, and presentation and disclosure.

Amount due from subsidiaries

Completeness of Closing Balance At End of Period

J4.07PER.C.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for amounts due from subsidiaries by verifying repayments, impairments, cut-off adjustments, and compliance with intercompany agreements and disclosure requirements.

Amount due from subsidiaries

Rights and Obligations of Closing Balance At End of Period

J4.07PER.RO.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for amounts due from subsidiaries by verifying repayments, impairments, cut-off adjustments, and compliance with intercompany agreements and disclosure requirements.

Amount due from subsidiaries

Valuation and Allocation of Closing Balance At End of Period

J4.07PER.VA.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for amounts due from subsidiaries by verifying repayments, impairments, cut-off adjustments, and compliance with intercompany agreements and disclosure requirements.

Amount due from subsidiaries

Presentation and Disclosure of Closing Balance At End of Period

J4.07END.PD.WP

To verify the existence, valuation, enforceability, recoverability, classification, and disclosure of amounts due from subsidiaries by reviewing reconciliations, supporting documents, subsequent settlements, and related-party disclosures.

Amount due from subsidiaries

Rights and Obligations of Closing Balance At End of Period

J4.07END.RO.WP

To verify the existence, valuation, enforceability, recoverability, classification, and disclosure of amounts due from subsidiaries by reviewing reconciliations, supporting documents, subsequent settlements, and related-party disclosures.

Amount due from subsidiaries

Valuation and Allocation of Closing Balance At End of Period

J4.07END.VA.WP

To verify the existence, valuation, enforceability, recoverability, classification, and disclosure of amounts due from subsidiaries by reviewing reconciliations, supporting documents, subsequent settlements, and related-party disclosures.

Amount due to related companies

Completeness of Debit Entries During the Period

L4.11PER.C.WP

To ensure amounts due to related companies are complete, accurately valued, properly classified, timely recorded, and adequately disclosed as related-party liabilities in compliance with reporting standards.

Amount due to related companies

Presentation and Disclosure of Debit Entries During the Period

L4.11PER.PD.WP

To ensure amounts due to related companies are complete, accurately valued, properly classified, timely recorded, and adequately disclosed as related-party liabilities in compliance with reporting standards.

Amount due to related companies

Valuation and Allocation of Debit Entries During the Period

L4.11PER.VA.WP

To ensure amounts due to related companies are complete, accurately valued, properly classified, timely recorded, and adequately disclosed as related-party liabilities in compliance with reporting standards.

Amount due to related companies

Completeness of Closing Balance At End of Period

L4.11PER.C.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for amounts due to related companies by verifying intercompany agreements, reconciliations, cut-off adjustments, and compliance with disclosure requirements.

Amount due to related companies

Presentation and Disclosure  of Closing Balance At End of Period

L4.11PER.PD.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for amounts due to related companies by verifying intercompany agreements, reconciliations, cut-off adjustments, and compliance with disclosure requirements.

Amount due to related companies

Valuation and Allocation of Closing Balance At End of Period

L4.11PER.VA.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for amounts due to related companies by verifying intercompany agreements, reconciliations, cut-off adjustments, and compliance with disclosure requirements.

Amount due to related companies

Completeness of Closing Balance At End of Period

L4.11END.C.WP

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of amounts due to related companies by verifying reconciliations, agreements, and compliance with related party disclosure requirements under HKFRS for Private Entities.

Amount due to related companies

Presentation and Disclosure of Closing Balance At End of Period

L4.11END.PD.WP

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of amounts due to related companies by verifying reconciliations, agreements, and compliance with related party disclosure requirements under HKFRS for Private Entities.

Amount due to related companies

Valuation and Allocation of Closing Balance At End of Period

L4.11END.VA.WP

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of amounts due to related companies by verifying reconciliations, agreements, and compliance with related party disclosure requirements under HKFRS for Private Entities.

Amount due to shareholder

Completeness of Debit Entries During the Period

L4.10PER.C.WP

To ensure amounts due to shareholders are complete, accurately valued, properly classified, timely recorded, and adequately disclosed as related-party liabilities in compliance with reporting standards.

Amount due to shareholder

Presentation and Disclosure of Debit Entries During the Period

L4.10PER.PD.WP

To ensure amounts due to shareholders are complete, accurately valued, properly classified, timely recorded, and adequately disclosed as related-party liabilities in compliance with reporting standards.

Amount due to shareholder

Valuation and Allocation of Debit Entries During the Period

L4.10PER.VA.WP

To ensure amounts due to shareholders are complete, accurately valued, properly classified, timely recorded, and adequately disclosed as related-party liabilities in compliance with reporting standards.

Amount due to shareholder

Completeness of Closing Balance At End of Period

L4.10PER.C.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for amounts due to the shareholder by verifying supporting documents, reconciliations, cut-off adjustments, and compliance with disclosure requirements.

Amount due to shareholder

Presentation and Disclosure  of Closing Balance At End of Period

L4.10PER.PD.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for amounts due to the shareholder by verifying supporting documents, reconciliations, cut-off adjustments, and compliance with disclosure requirements.

Amount due to shareholder

Valuation and Allocation of Closing Balance At End of Period

L4.10PER.VA.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for amounts due to the shareholder by verifying supporting documents, reconciliations, cut-off adjustments, and compliance with disclosure requirements.

Amount due to shareholder

Completeness of Closing Balance At End of Period

L4.10END.C.WP

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of amounts due to the shareholder by verifying agreements, transaction records, and compliance with related party disclosure requirements under HKFRS for Private Entities.

Amount due to shareholder

Presentation and Disclosure of Closing Balance At End of Period

L4.10END.PD.WP

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of amounts due to the shareholder by verifying agreements, transaction records, and compliance with related party disclosure requirements under HKFRS for Private Entities.

Amount due to shareholder

Valuation and Allocation of Closing Balance At End of Period

L4.10END.VA.WP

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of amounts due to the shareholder by verifying agreements, transaction records, and compliance with related party disclosure requirements under HKFRS for Private Entities.

Amount due to subsidiaries

Completeness of Debit Entries During the Period

L4.06PER.C.WP

To ensure amounts due to subsidiaries are complete, accurately valued, properly classified, timely recorded, and adequately disclosed as related-party liabilities in compliance with reporting standards.

Amount due to subsidiaries

Presentation and Disclosure of Debit Entries During the Period

L4.06PER.PD.WP

To ensure amounts due to subsidiaries are complete, accurately valued, properly classified, timely recorded, and adequately disclosed as related-party liabilities in compliance with reporting standards.

Amount due to subsidiaries

Valuation and Allocation of Debit Entries During the Period

L4.06PER.VA.WP

To ensure amounts due to subsidiaries are complete, accurately valued, properly classified, timely recorded, and adequately disclosed as related-party liabilities in compliance with reporting standards.

Amount due to subsidiaries

Completeness of Closing Balance At End of Period

L4.06PER.C.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for amounts due to subsidiaries by verifying intercompany agreements, reconciliations, cut-off transactions, and compliance with classification and disclosure requirements.

Amount due to subsidiaries

Presentation and Disclosure  of Closing Balance At End of Period

L4.06PER.PD.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for amounts due to subsidiaries by verifying intercompany agreements, reconciliations, cut-off transactions, and compliance with classification and disclosure requirements.

Amount due to subsidiaries

Valuation and Allocation of Closing Balance At End of Period

L4.06PER.VA.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for amounts due to subsidiaries by verifying intercompany agreements, reconciliations, cut-off transactions, and compliance with classification and disclosure requirements.

Amount due to subsidiaries

Completeness of Closing Balance At End of Period

Amount due to shareholder

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of amounts due to subsidiaries by verifying reconciliations, supporting documents, and compliance with recognition and disclosure requirements under HKFRS for Private Entities.

Amount due to subsidiaries

Presentation and Disclosure of Closing Balance At End of Period

L4.06END.PD.WP

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of amounts due to subsidiaries by verifying reconciliations, supporting documents, and compliance with recognition and disclosure requirements under HKFRS for Private Entities.

Amount due to subsidiaries

Valuation and Allocation of Closing Balance At End of Period

L4.06END.VA.WP

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of amounts due to subsidiaries by verifying reconciliations, supporting documents, and compliance with recognition and disclosure requirements under HKFRS for Private Entities.

Amounts due from director

Presentation and Disclosure of Debit Entries During the Period

J4.06PER.PD.WP

To ensure amounts due from the director are genuine, recoverable, properly authorized, accurately valued, and adequately disclosed, addressing risks in valuation, rights, and presentation and disclosure.

Amounts due from director

Rights and Obligations of Debit Entries During the Period

J4.06PER.RO.WP

To ensure amounts due from the director are genuine, recoverable, properly authorized, accurately valued, and adequately disclosed, addressing risks in valuation, rights, and presentation and disclosure.

Amounts due from director

Valuation and Allocation of Debit Entries During the Period

J4.06PER.VA.WP

To ensure amounts due from the director are genuine, recoverable, properly authorized, accurately valued, and adequately disclosed, addressing risks in valuation, rights, and presentation and disclosure.

Amounts due from director

Completeness of Closing Balance At End of Period

J4.06PER.C.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for amounts due from the director by verifying repayments, impairments, cut-off adjustments, and compliance with related-party disclosure requirements.

Amounts due from director

Presentation and Disclosure  of Closing Balance At End of Period

J4.06PER.PD.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for amounts due from the director by verifying repayments, impairments, cut-off adjustments, and compliance with related-party disclosure requirements.

Amounts due from director

Valuation and Allocation of Closing Balance At End of Period

J4.06PER.VA.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for amounts due from the director by verifying repayments, impairments, cut-off adjustments, and compliance with related-party disclosure requirements.

Amounts due from director

Presentation and Disclosure of Closing Balance At End of Period

J4.06END.PD.WP

To verify the existence, valuation, enforceability, recoverability, and appropriate disclosure of amounts due from the director by reviewing listings, supporting documents, subsequent settlements, and related-party disclosures.

Amounts due from director

Rights and Obligations of Closing Balance At End of Period

J4.06END.RO.WP

To verify the existence, valuation, enforceability, recoverability, and appropriate disclosure of amounts due from the director by reviewing listings, supporting documents, subsequent settlements, and related-party disclosures.

Amounts due from director

Valuation and Allocation of Closing Balance At End of Period

J4.06END.VA.WP

To verify the existence, valuation, enforceability, recoverability, and appropriate disclosure of amounts due from the director by reviewing listings, supporting documents, subsequent settlements, and related-party disclosures.

Amounts due from fellow subsidiaries

Completeness of Debit Entries During the Period

J4.05PER.C.WP

To ensure amounts due from fellow subsidiaries are genuine, recoverable, accurately valued, enforceable, and properly disclosed, addressing risks of misstatement in valuation, rights, and completeness.

Amounts due from fellow subsidiaries

Rights and Obligations of Debit Entries During the Period

J4.05PER.RO.WP

To ensure amounts due from fellow subsidiaries are genuine, recoverable, accurately valued, enforceable, and properly disclosed, addressing risks of misstatement in valuation, rights, and completeness.

Amounts due from fellow subsidiaries

Valuation and Allocation of Debit Entries During the Period

J4.05PER.VA.WP

To ensure amounts due from fellow subsidiaries are genuine, recoverable, accurately valued, enforceable, and properly disclosed, addressing risks of misstatement in valuation, rights, and completeness.

Amounts due from fellow subsidiaries

Completeness of Closing Balance At End of Period

J4.05PER.C.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for amounts due from fellow subsidiaries by verifying repayments, offsets, cut-off adjustments, and compliance with intercompany agreements and disclosure requirements.

Amounts due from fellow subsidiaries

Rights and Obligations of Closing Balance At End of Period

J4.05PER.RO.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for amounts due from fellow subsidiaries by verifying repayments, offsets, cut-off adjustments, and compliance with intercompany agreements and disclosure requirements.

Amounts due from fellow subsidiaries

Valuation and Allocation of Closing Balance At End of Period

J4.05PER.VA.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for amounts due from fellow subsidiaries by verifying repayments, offsets, cut-off adjustments, and compliance with intercompany agreements and disclosure requirements.

Amounts due from fellow subsidiaries

Completeness of Closing Balance At End of Period

J4.05END.C.WP

To verify the existence, valuation, rights, and recoverability of amounts due from fellow subsidiaries by reviewing reconciliation schedules, supporting documents, subsequent settlements, and direct confirmations.

Amounts due from fellow subsidiaries

Rights and Obligations of Closing Balance At End of Period

J4.05END.RO.WP

To verify the existence, valuation, rights, and recoverability of amounts due from fellow subsidiaries by reviewing reconciliation schedules, supporting documents, subsequent settlements, and direct confirmations.

Amounts due from fellow subsidiaries

Valuation and Allocation of Closing Balance At End of Period

J4.05END.VA.WP

To verify the existence, valuation, rights, and recoverability of amounts due from fellow subsidiaries by reviewing reconciliation schedules, supporting documents, subsequent settlements, and direct confirmations.

Amounts due from Shareholder

Presentation and Disclosure of Debit Entries During the Period

J4.08PER.PD.WP

To ensure amounts due from shareholders are genuine, recoverable, accurately valued, properly authorized, and adequately disclosed, addressing risks in valuation, rights, and presentation and disclosure.

Amounts due from Shareholder

Rights and Obligations of Debit Entries During the Period

J4.08PER.RO.WP

To ensure amounts due from shareholders are genuine, recoverable, accurately valued, properly authorized, and adequately disclosed, addressing risks in valuation, rights, and presentation and disclosure.

Amounts due from Shareholder

Valuation and Allocation of Debit Entries During the Period

J4.08PER.VA.WP

To ensure amounts due from shareholders are genuine, recoverable, accurately valued, properly authorized, and adequately disclosed, addressing risks in valuation, rights, and presentation and disclosure.

Amounts due from Shareholder

Completeness of Closing Balance At End of Period

J4.08PER.C.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for amounts due from the shareholder by verifying repayments, impairments, cut-off adjustments, and compliance with related-party disclosure requirements.

Amounts due from Shareholder

Rights and Obligations of Closing Balance At End of Period

J4.08PER.RO.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for amounts due from the shareholder by verifying repayments, impairments, cut-off adjustments, and compliance with related-party disclosure requirements.

Amounts due from Shareholder

Valuation and Allocation of Closing Balance At End of Period

J4.08PER.VA.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for amounts due from the shareholder by verifying repayments, impairments, cut-off adjustments, and compliance with related-party disclosure requirements.

Amounts due from Shareholder

Presentation and Disclosure of Closing Balance At End of Period

J4.08END.PD.WP

To verify the existence, valuation, enforceability, recoverability, classification, and disclosure of amounts due from the shareholder by reviewing listings, supporting documents, subsequent settlements, and related-party disclosures.

Amounts due from Shareholder

Rights and Obligations of Closing Balance At End of Period

J4.08END.RO.WP

To verify the existence, valuation, enforceability, recoverability, classification, and disclosure of amounts due from the shareholder by reviewing listings, supporting documents, subsequent settlements, and related-party disclosures.

Amounts due from Shareholder

Valuation and Allocation of Closing Balance At End of Period

J4.08END.VA.WP

To verify the existence, valuation, enforceability, recoverability, classification, and disclosure of amounts due from the shareholder by reviewing listings, supporting documents, subsequent settlements, and related-party disclosures.

Amounts due to director

Completeness of Debit Entries During the Period

L4.08PER.C.WP

To ensure amounts due to the director are complete, accurately valued, properly classified, timely recorded, and adequately disclosed as related-party liabilities in compliance with reporting standards.

Amounts due to director

Presentation and Disclosure of Debit Entries During the Period

L4.08PER.PD.WP

To ensure amounts due to the director are complete, accurately valued, properly classified, timely recorded, and adequately disclosed as related-party liabilities in compliance with reporting standards.

Amounts due to director

Valuation and Allocation of Debit Entries During the Period

L4.08PER.VA.WP

To ensure amounts due to the director are complete, accurately valued, properly classified, timely recorded, and adequately disclosed as related-party liabilities in compliance with reporting standards.

Amounts due to director

Completeness of Closing Balance At End of Period

L4.08PER.C.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for amounts due to the director by verifying supporting documents, reconciliations, cut-off transactions, and compliance with disclosure requirements.

Amounts due to director

Presentation and Disclosure  of Closing Balance At End of Period

L4.08PER.PD.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for amounts due to the director by verifying supporting documents, reconciliations, cut-off transactions, and compliance with disclosure requirements.

Amounts due to director

Valuation and Allocation of Closing Balance At End of Period

L4.08PER.VA.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for amounts due to the director by verifying supporting documents, reconciliations, cut-off transactions, and compliance with disclosure requirements.

Amounts due to director

Completeness of Closing Balance At End of Period

L4.08END.C.WP

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of amounts due to the director by verifying supporting documents, transaction records, and compliance with related party disclosure requirements under HKFRS for Private Entities.

Amounts due to director

Presentation and Disclosure of Closing Balance At End of Period

L4.08END.PD.WP

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of amounts due to the director by verifying supporting documents, transaction records, and compliance with related party disclosure requirements under HKFRS for Private Entities.

Amounts due to director

Valuation and Allocation of Closing Balance At End of Period

L4.08END.VA.WP

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of amounts due to the director by verifying supporting documents, transaction records, and compliance with related party disclosure requirements under HKFRS for Private Entities.

Amounts due to fellow subsidiaries

Completeness of Debit Entries During the Period

L4.05PER.C.WP

To ensure amounts due to fellow subsidiaries are complete, accurately valued, properly classified, timely recorded, and adequately disclosed as related-party liabilities in compliance with reporting standards.

Amounts due to fellow subsidiaries

Presentation and Disclosure of Debit Entries During the Period

 L4.05PER.PD.WP

To ensure amounts due to fellow subsidiaries are complete, accurately valued, properly classified, timely recorded, and adequately disclosed as related-party liabilities in compliance with reporting standards.

Amounts due to fellow subsidiaries

Valuation and Allocation of Debit Entries During the Period

L4.05PER.VA.WP

To ensure amounts due to fellow subsidiaries are complete, accurately valued, properly classified, timely recorded, and adequately disclosed as related-party liabilities in compliance with reporting standards.

Amounts due to fellow subsidiaries

Completeness of Closing Balance At End of Period

L4.05PER.C.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for amounts due to fellow subsidiaries by verifying intercompany agreements, reconciliations, cut-off adjustments, and compliance with valuation and disclosure requirements.

Amounts due to fellow subsidiaries

Presentation and Disclosure  of Closing Balance At End of Period

L4.05PER.PD.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for amounts due to fellow subsidiaries by verifying intercompany agreements, reconciliations, cut-off adjustments, and compliance with valuation and disclosure requirements.

Amounts due to fellow subsidiaries

Valuation and Allocation of Closing Balance At End of Period

L4.05PER.VA.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for amounts due to fellow subsidiaries by verifying intercompany agreements, reconciliations, cut-off adjustments, and compliance with valuation and disclosure requirements.

Amounts due to fellow subsidiaries

Completeness of Closing Balance At End of Period

L4.05END.C.WP

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of amounts due to fellow subsidiaries by verifying reconciliations, supporting documents, and compliance with recognition and disclosure requirements under HKFRS for Private Entities.

Amounts due to fellow subsidiaries

Presentation and Disclosure of Closing Balance At End of Period

L4.05END.PD.WP

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of amounts due to fellow subsidiaries by verifying reconciliations, supporting documents, and compliance with recognition and disclosure requirements under HKFRS for Private Entities.

Amounts due to fellow subsidiaries

Valuation and Allocation of Closing Balance At End of Period

L4.05END.VA.WP

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of amounts due to fellow subsidiaries by verifying reconciliations, supporting documents, and compliance with recognition and disclosure requirements under HKFRS for Private Entities.

Bank Balances

Completeness of Debit Entries During the Period

K4.01PER.C.WP

To ensure bank balances exist, are complete, accurately valued, properly reconciled, and appropriately disclosed, addressing risks in existence, completeness, and valuation and allocation.

Bank Balances

Existence of Debit Entries During the Period

K4.01PER.E.WP

To ensure bank balances exist, are complete, accurately valued, properly reconciled, and appropriately disclosed, addressing risks in existence, completeness, and valuation and allocation.

Bank Balances

Valuation and Allocation of Debit Entries During the Period

K4.01PER.VA.WP

To ensure bank balances exist, are complete, accurately valued, properly reconciled, and appropriately disclosed, addressing risks in existence, completeness, and valuation and allocation.

Bank Balances

Completeness of Closing Balance At End of Period

K4.01PER.C.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for bank balances by verifying withdrawals, payments, bank charges, reconciliations, cut-off adjustments, and compliance with financial reporting requirements.

Bank Balances

Existence of Closing Balance At End of Period

K4.01PER.E.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for bank balances by verifying withdrawals, payments, bank charges, reconciliations, cut-off adjustments, and compliance with financial reporting requirements.

Bank Balances

Valuation and Allocation of Closing Balance At End of Period

K4.01PER.VA.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for bank balances by verifying withdrawals, payments, bank charges, reconciliations, cut-off adjustments, and compliance with financial reporting requirements.

Bank Balances

Completeness of Closing Balance At End of Period

K4.01END.C.WP

To verify the existence, accuracy, completeness, classification, and disclosure of bank balances by reviewing reconciliations, confirmations, supporting documents, and compliance with disclosure requirements.

Bank Balances

Existence of Closing Balance At End of Period

K4.01END.E.WP

To verify the existence, accuracy, completeness, classification, and disclosure of bank balances by reviewing reconciliations, confirmations, supporting documents, and compliance with disclosure requirements.

Bank Balances

Presentation and Disclosure of Closing Balance At End of Period

K4.01END.PD.WP

To verify the existence, accuracy, completeness, classification, and disclosure of bank balances by reviewing reconciliations, confirmations, supporting documents, and compliance with disclosure requirements.

Bank Loans

Completeness of Debit Entries During the Period

M4.01PER.C.WP

To ensure bank loans are complete, accurately valued, properly classified, timely recorded, and adequately disclosed, including loan terms, interest, covenants, and collateral, in compliance with reporting standards.

Bank Loans

Presentation and Disclosure of Debit Entries During the Period

M4.01PER.PD.WP

To ensure bank loans are complete, accurately valued, properly classified, timely recorded, and adequately disclosed, including loan terms, interest, covenants, and collateral, in compliance with reporting standards.

Bank Loans

Valuation and Allocation of Debit Entries During the Period

M4.01PER.VA.WP

To ensure bank loans are complete, accurately valued, properly classified, timely recorded, and adequately disclosed, including loan terms, interest, covenants, and collateral, in compliance with reporting standards.

Bank Loans

Completeness of Closing Balance At End of Period

M4.01PER.C.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for bank loans by verifying loan agreements, bank confirmations, cut-off adjustments, and compliance with classification and disclosure requirements.

Bank Loans

Presentation and Disclosure  of Closing Balance At End of Period

M4.01PER.PD.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for bank loans by verifying loan agreements, bank confirmations, cut-off adjustments, and compliance with classification and disclosure requirements.

Bank Loans

Valuation and Allocation of Closing Balance At End of Period

M4.01PER.VA.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for bank loans by verifying loan agreements, bank confirmations, cut-off adjustments, and compliance with classification and disclosure requirements.

Bank Loans

Completeness of Closing Balance At End of Period

M4.01END.C.WP

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of bank loans by verifying loan agreements, transactions, and compliance with recognition and disclosure requirements under HKFRS for Private Entities.

Bank Loans

Presentation and Disclosure of Closing Balance At End of Period

M4.01END.PD.WP

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of bank loans by verifying loan agreements, transactions, and compliance with recognition and disclosure requirements under HKFRS for Private Entities.

Bank Loans

Valuation and Allocation of Closing Balance At End of Period

M4.01END.VA.WP

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of bank loans by verifying loan agreements, transactions, and compliance with recognition and disclosure requirements under HKFRS for Private Entities.

Bank Overdrafts

Completeness of Debit Entries During the Period

M4.02PER.C.WP

To ensure bank overdrafts are complete, accurately valued, properly classified, timely recorded, and adequately disclosed, including terms, interest rates, and collateral, in compliance with reporting standards.

Bank Overdrafts

Presentation and Disclosure of Debit Entries During the Period

M4.02PER.PD.WP

To ensure bank overdrafts are complete, accurately valued, properly classified, timely recorded, and adequately disclosed, including terms, interest rates, and collateral, in compliance with reporting standards.

Bank Overdrafts

Valuation and Allocation of Debit Entries During the Period

M4.02PER.VA.WP

To ensure bank overdrafts are complete, accurately valued, properly classified, timely recorded, and adequately disclosed, including terms, interest rates, and collateral, in compliance with reporting standards.

Bank Overdrafts

Completeness of Closing Balance At End of Period

M4.02PER.C.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for bank overdrafts by verifying bank agreements, reconciliations, cut-off adjustments, and compliance with classification and disclosure requirements.

Bank Overdrafts

Presentation and Disclosure  of Closing Balance At End of Period

M4.02PER.PD.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for bank overdrafts by verifying bank agreements, reconciliations, cut-off adjustments, and compliance with classification and disclosure requirements.

Bank Overdrafts

Valuation and Allocation of Closing Balance At End of Period

M4.02PER.VA.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for bank overdrafts by verifying bank agreements, reconciliations, cut-off adjustments, and compliance with classification and disclosure requirements.

Bank Overdrafts

Completeness of Closing Balance At End of Period

M4.02END.C.WP

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of bank overdrafts by verifying balances, transactions, and compliance with recognition and disclosure requirements under HKFRS for Private Entities.

Bank Overdrafts

Presentation and Disclosure of Closing Balance At End of Period

M4.02END.PD.WP

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of bank overdrafts by verifying balances, transactions, and compliance with recognition and disclosure requirements under HKFRS for Private Entities.

Bank Overdrafts

Valuation and Allocation of Closing Balance At End of Period

M4.02END.VA.WP

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of bank overdrafts by verifying balances, transactions, and compliance with recognition and disclosure requirements under HKFRS for Private Entities.

Bills Payables

Completeness of Debit Entries During the Period

L4.12PER.C.WP

To ensure bills payables are complete, accurately valued, properly classified, timely recorded, and adequately disclosed with terms, maturity dates, and guarantees in compliance with reporting standards.

Bills Payables

Presentation and Disclosure of Debit Entries During the Period

L4.12PER.PD.WP

To ensure bills payables are complete, accurately valued, properly classified, timely recorded, and adequately disclosed with terms, maturity dates, and guarantees in compliance with reporting standards.

Bills Payables

Valuation and Allocation of Debit Entries During the Period

L4.12PER.VA.WP

To ensure bills payables are complete, accurately valued, properly classified, timely recorded, and adequately disclosed with terms, maturity dates, and guarantees in compliance with reporting standards.

Bills Payables

Completeness of Closing Balance At End of Period

L4.12PER.C.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for bills payables by verifying trade financing terms, reconciliations, cut-off adjustments, and compliance with classification and disclosure requirements.

Bills Payables

Presentation and Disclosure  of Closing Balance At End of Period

L4.12PER.PD.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for bills payables by verifying trade financing terms, reconciliations, cut-off adjustments, and compliance with classification and disclosure requirements.

Bills Payables

Valuation and Allocation of Closing Balance At End of Period

L4.12PER.VA.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for bills payables by verifying trade financing terms, reconciliations, cut-off adjustments, and compliance with classification and disclosure requirements.

Bills Payables

Completeness of Closing Balance At End of Period

L4.12END.C.WP

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of bills payables by verifying supporting documentation, reconciliations, and compliance with recognition and disclosure requirements under HKFRS for Private Entities.

Bills Payables

Presentation and Disclosure of Closing Balance At End of Period

L4.12END.PD.WP

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of bills payables by verifying supporting documentation, reconciliations, and compliance with recognition and disclosure requirements under HKFRS for Private Entities.

Bills Payables

Valuation and Allocation of Closing Balance At End of Period

L4.12END.VA.WP

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of bills payables by verifying supporting documentation, reconciliations, and compliance with recognition and disclosure requirements under HKFRS for Private Entities.

Bills Receivables

Existence of Debit Entries During the Period

J4.12PER.E.WP

To ensure bills receivables are genuine, recoverable, accurately valued, free from undisclosed restrictions or transfers, and properly disclosed in compliance with relevant financial reporting standards.

Bills Receivables

Presentation and Disclosure of Debit Entries During the Period

J4.12PER.PD.WP

To ensure bills receivables are genuine, recoverable, accurately valued, free from undisclosed restrictions or transfers, and properly disclosed in compliance with relevant financial reporting standards.

Bills Receivables

Valuation and Allocation of Debit Entries During the Period

J4.12PER.VA.WP

To ensure bills receivables are genuine, recoverable, accurately valued, free from undisclosed restrictions or transfers, and properly disclosed in compliance with relevant financial reporting standards.

Bills Receivables

Completeness of Closing Balance At End of Period

J4.12PER.C.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for bills receivables by verifying settlements, discounts, endorsements, impairments, cut-off adjustments, and compliance with contractual terms and financial reporting requirements.

Bills Receivables

Rights and Obligations of Closing Balance At End of Period

J4.12PER.RO.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for bills receivables by verifying settlements, discounts, endorsements, impairments, cut-off adjustments, and compliance with contractual terms and financial reporting requirements.

Bills Receivables

Valuation and Allocation of Closing Balance At End of Period

J4.12PER.VA.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for bills receivables by verifying settlements, discounts, endorsements, impairments, cut-off adjustments, and compliance with contractual terms and financial reporting requirements.

Bills Receivables

Existence of Closing Balance At End of Period

J4.12END.E.WP

To verify the existence, valuation, authenticity, recoverability, classification, and disclosure of bills receivables by reviewing registers, supporting documents, subsequent settlements, and financial statement disclosures.

Bills Receivables

Presentation and Disclosure of Closing Balance At End of Period

J4.12END.PD.WP

To verify the existence, valuation, authenticity, recoverability, classification, and disclosure of bills receivables by reviewing registers, supporting documents, subsequent settlements, and financial statement disclosures.

Bills Receivables

Valuation and Allocation of Closing Balance At End of Period

J4.12END.VA.WP

To verify the existence, valuation, authenticity, recoverability, classification, and disclosure of bills receivables by reviewing registers, supporting documents, subsequent settlements, and financial statement disclosures.

Capital Reserve

Accuracy of Debit Entries During the Period

O4.04PER.A.WP

To verify the completeness, accuracy, timing, and authorization of foreign currency translation adjustments in the exchange reserve and ensure compliance with financial reporting and disclosure requirements.

Capital Reserve

Completeness of Debit Entries During the Period

O4.04PER.C.WP

To verify the completeness, accuracy, timing, and authorization of foreign currency translation adjustments in the exchange reserve and ensure compliance with financial reporting and disclosure requirements.

Capital Reserve

Presentation and Disclosure of Debit Entries During the Period

O4.04PER.PD.WP

To verify the completeness, accuracy, timing, and authorization of foreign currency translation adjustments in the exchange reserve and ensure compliance with financial reporting and disclosure requirements.

Capital Reserve

Accuracy of Closing Balance At End of Period

O4.04PER.A.WP

Objective for Substantive Audit Procedures – Capital Reserve (Credit Side)Ensure the capital reserve is accurately calculated, completely recorded, and properly presented and disclosed, including its source, movements, and any restrictions, in compliance with reporting requirements.

Capital Reserve

Completeness of Closing Balance At End of Period

O4.04PER.C.WP

Objective for Substantive Audit Procedures – Capital Reserve (Credit Side)Ensure the capital reserve is accurately calculated, completely recorded, and properly presented and disclosed, including its source, movements, and any restrictions, in compliance with reporting requirements.

Capital Reserve

Presentation and Disclosure of Closing Balance At End of Period

O4.04PER.PD.WP

Objective for Substantive Audit Procedures – Capital Reserve (Credit Side)Ensure the capital reserve is accurately calculated, completely recorded, and properly presented and disclosed, including its source, movements, and any restrictions, in compliance with reporting requirements.

Capital Reserve

Accuracy  of Closing Balance At End of Period

O4.04END.A.WP

To ensure the capital reserve is complete, accurately calculated, properly recorded, and disclosed, reflecting all authorized transactions and movements in compliance with legal, statutory, and financial reporting requirements.

Capital Reserve

Completeness of Closing Balance At End of Period

O4.04END.C.WP

To ensure the capital reserve is complete, accurately calculated, properly recorded, and disclosed, reflecting all authorized transactions and movements in compliance with legal, statutory, and financial reporting requirements.

Capital Reserve

Presentation and Disclosure of Closing Balance At End of Period

O4.04END.PD.WP

To ensure the capital reserve is complete, accurately calculated, properly recorded, and disclosed, reflecting all authorized transactions and movements in compliance with legal, statutory, and financial reporting requirements.

Cash on Hand

Completeness of Debit Entries During the Period

K4.03PER.C.WP

To ensure cash on hand exists, is complete, accurately valued, properly recorded, and free from misstatements, addressing risks in existence, completeness, and valuation and allocation.

Cash on Hand

Existence of Debit Entries During the Period

K4.03PER.E.WP

To ensure cash on hand exists, is complete, accurately valued, properly recorded, and free from misstatements, addressing risks in existence, completeness, and valuation and allocation.

Cash on Hand

Valuation and Allocation of Debit Entries During the Period

K4.03PER.VA.WP

To ensure cash on hand exists, is complete, accurately valued, properly recorded, and free from misstatements, addressing risks in existence, completeness, and valuation and allocation.

Cash on Hand

Completeness of Closing Balance At End of Period

K4.03PER.C.WP

To ensure the accuracy, completeness, existence, and proper recording of credit side entries for cash on hand by verifying payments, reconciliations, cut-off adjustments, and physical cash counts.

Cash on Hand

Existence of Closing Balance At End of Period

K4.03PER.E.WP

To ensure the accuracy, completeness, existence, and proper recording of credit side entries for cash on hand by verifying payments, reconciliations, cut-off adjustments, and physical cash counts.

Cash on Hand

Valuation and Allocation of Closing Balance At End of Period

K4.03PER.VA.WP

To ensure the accuracy, completeness, existence, and proper recording of credit side entries for cash on hand by verifying payments, reconciliations, cut-off adjustments, and physical cash counts.

Cash on Hand

Completeness of Closing Balance At End of Period

K4.03END.C.WP

To verify the existence, accuracy, completeness, classification, and disclosure of cash on hand by performing physical cash counts, reconciling records, inspecting transactions, and assessing compliance with disclosure requirements.

Cash on Hand

Existence of Closing Balance At End of Period

K4.03END.E.WP

To verify the existence, accuracy, completeness, classification, and disclosure of cash on hand by performing physical cash counts, reconciling records, inspecting transactions, and assessing compliance with disclosure requirements.

Cash on Hand

Presentation and Disclosure of Closing Balance At End of Period

K4.03END.PD.WP

To verify the existence, accuracy, completeness, classification, and disclosure of cash on hand by performing physical cash counts, reconciling records, inspecting transactions, and assessing compliance with disclosure requirements.

Construction in Progress

Completeness of Closing Balance At End of Period

F4.04PER.C.WP

To ensure the completeness, accuracy, and proper valuation of credit side entries for CIP by verifying reclassifications, impairments, and project write-offs are correctly recorded and supported by reliable evidence.

Construction in Progress

Presentation and Disclosure  of Closing Balance At End of Period

F4.04PER.PD.WP

To ensure the completeness, accuracy, and proper valuation of credit side entries for CIP by verifying reclassifications, impairments, and project write-offs are correctly recorded and supported by reliable evidence.

Construction in Progress

Valuation and Allocation of Closing Balance At End of Period

F4.04PER.VA.WP

To ensure the completeness, accuracy, and proper valuation of credit side entries for CIP by verifying reclassifications, impairments, and project write-offs are correctly recorded and supported by reliable evidence.

Construction in Progress

Completeness of Closing Balance At End of Period

F4.04END.C.WP

To verify the valuation, completeness, impairment, and disclosure of Construction in Progress by inspecting project records, supporting documents, and disclosures to address risks of material misstatement.

Construction in Progress

Presentation and Disclosure of Closing Balance At End of Period

F4.04END.PD.WP

To verify the valuation, completeness, impairment, and disclosure of Construction in Progress by inspecting project records, supporting documents, and disclosures to address risks of material misstatement.

Construction in Progress

Valuation and Allocation of Closing Balance At End of Period

F4.04END.VA.WP

To verify the valuation, completeness, impairment, and disclosure of Construction in Progress by inspecting project records, supporting documents, and disclosures to address risks of material misstatement.

Contract Assets

Existence of Debit Entries During the Period

J4.16PER.E.WP

To ensure contract assets are valid, accurately valued, reflect satisfied performance obligations, properly classified, and adequately disclosed, addressing risks in valuation, existence, and presentation and disclosure.

Contract Assets

Presentation and Disclosure of Debit Entries During the Period

J4.16PER.PD.WP

To ensure contract assets are valid, accurately valued, reflect satisfied performance obligations, properly classified, and adequately disclosed, addressing risks in valuation, existence, and presentation and disclosure.

Contract Assets

Valuation and Allocation of Debit Entries During the Period

J4.16PER.VA.WP

To ensure contract assets are valid, accurately valued, reflect satisfied performance obligations, properly classified, and adequately disclosed, addressing risks in valuation, existence, and presentation and disclosure.

Contract Assets

Completeness of Closing Balance At End of Period

J4.16PER.C.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for contract assets by verifying billings, reclassifications, adjustments, cut-off recognition, and compliance with performance obligations and contractual terms.

Contract Assets

Presentation and Disclosure  of Closing Balance At End of Period

J4.16PER.PD.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for contract assets by verifying billings, reclassifications, adjustments, cut-off recognition, and compliance with performance obligations and contractual terms.

Contract Assets

Valuation and Allocation of Closing Balance At End of Period

J4.16PER.VA.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for contract assets by verifying billings, reclassifications, adjustments, cut-off recognition, and compliance with performance obligations and contractual terms.

Contract Assets

Existence of Closing Balance At End of Period

J4.16END.E.WP

To verify the existence, valuation, recognition, recoverability, classification, and disclosure of contract assets by reviewing schedules, supporting documents, subsequent settlements, and compliance with HKFRS 15 disclosure requirements.

Contract Assets

Presentation and Disclosure of Closing Balance At End of Period

J4.16END.PD.WP

To verify the existence, valuation, recognition, recoverability, classification, and disclosure of contract assets by reviewing schedules, supporting documents, subsequent settlements, and compliance with HKFRS 15 disclosure requirements.

Contract Assets

Valuation and Allocation of Closing Balance At End of Period

J4.16END.VA.WP

To verify the existence, valuation, recognition, recoverability, classification, and disclosure of contract assets by reviewing schedules, supporting documents, subsequent settlements, and compliance with HKFRS 15 disclosure requirements.

Contract Liabilities

Completeness of Debit Entries During the Period

L4.14PER.C.WP

To ensure contract liabilities are complete, accurately valued, properly classified, timely recorded, and adequately disclosed, reflecting unfulfilled performance obligations and compliance with revenue recognition requirements.

Contract Liabilities

Presentation and Disclosure of Debit Entries During the Period

L4.14PER.PD.WP

To ensure contract liabilities are complete, accurately valued, properly classified, timely recorded, and adequately disclosed, reflecting unfulfilled performance obligations and compliance with revenue recognition requirements.

Contract Liabilities

Valuation and Allocation of Debit Entries During the Period

L4.14PER.VA.WP

To ensure contract liabilities are complete, accurately valued, properly classified, timely recorded, and adequately disclosed, reflecting unfulfilled performance obligations and compliance with revenue recognition requirements.

Contract Liabilities

Completeness of Closing Balance At End of Period

L4.14PER.C.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for contract liabilities by verifying customer contracts, payment records, cut-off adjustments, and compliance with disclosure requirements.

Contract Liabilities

Presentation and Disclosure  of Closing Balance At End of Period

L4.14PER.PD.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for contract liabilities by verifying customer contracts, payment records, cut-off adjustments, and compliance with disclosure requirements.

Contract Liabilities

Valuation and Allocation of Closing Balance At End of Period

L4.14PER.VA.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for contract liabilities by verifying customer contracts, payment records, cut-off adjustments, and compliance with disclosure requirements.

Contract Liabilities

Completeness of Closing Balance At End of Period

L4.14END.C.WP

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of contract liabilities by verifying customer agreements, receipts, and compliance with recognition and disclosure requirements under HKFRS for Private Entities.

Contract Liabilities

Presentation and Disclosure of Closing Balance At End of Period

L4.14END.PD.WP

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of contract liabilities by verifying customer agreements, receipts, and compliance with recognition and disclosure requirements under HKFRS for Private Entities.

Contract Liabilities

Valuation and Allocation of Closing Balance At End of Period

L4.14END.VA.WP

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of contract liabilities by verifying customer agreements, receipts, and compliance with recognition and disclosure requirements under HKFRS for Private Entities.

Cost of Sales / Direct Costs

Accuracy of Debit P&L Entries During the Period

Q4.14APER.A.WP

To verify the accuracy, completeness, and cut-off of cost of sales by tracing amounts to supporting documents, recalculating costs, confirming inventory movements, and ensuring costs are recorded in the correct period.

Cost of Sales / Direct Costs

Completeness of Debit P&L Entries During the Period

Q4.14APER.C.WP

To verify the accuracy, completeness, and cut-off of cost of sales by tracing amounts to supporting documents, recalculating costs, confirming inventory movements, and ensuring costs are recorded in the correct period.

Cost of Sales / Direct Costs

Cut-off of Debit P&L Entries During the Period

Q4.14APER.CO.WP

To verify the accuracy, completeness, and cut-off of cost of sales by tracing amounts to supporting documents, recalculating costs, confirming inventory movements, and ensuring costs are recorded in the correct period.

Debt Securities

Existence of Debit Entries During the Period

H4.04PER.E.WP

To ensure debt securities are accurately valued, exist, are owned by the entity, and are properly disclosed, addressing risks of misstatement in valuation, existence, ownership, and compliance with disclosure requirements.

Debt Securities

Presentation and Disclosure of Debit Entries During the Period

H4.04PER.PD.WP

To ensure debt securities are accurately valued, exist, are owned by the entity, and are properly disclosed, addressing risks of misstatement in valuation, existence, ownership, and compliance with disclosure requirements.

Debt Securities

Valuation and Allocation of Debit Entries During the Period

H4.04PER.VA.WP

To ensure debt securities are accurately valued, exist, are owned by the entity, and are properly disclosed, addressing risks of misstatement in valuation, existence, ownership, and compliance with disclosure requirements.

Debt Securities

Completeness of Closing Balance At End of Period

H4.04PER.C.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for debt securities by verifying disposals, fair value adjustments, impairments, and compliance with disclosure requirements.

Debt Securities

Presentation and Disclosure  of Closing Balance At End of Period

H4.04PER.PD.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for debt securities by verifying disposals, fair value adjustments, impairments, and compliance with disclosure requirements.

Debt Securities

Valuation and Allocation of Closing Balance At End of Period

H4.04PER.VA.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for debt securities by verifying disposals, fair value adjustments, impairments, and compliance with disclosure requirements.

Debt Securities

Completeness of Closing Balance At End of Period

H4.04END.C.WP

To verify the existence, valuation, completeness, and classification of inventories by reviewing inventory records, supporting documents, NRV comparisons, third-party confirmations, and compliance with financial reporting requirements.

Debt Securities

Presentation and Disclosure of Closing Balance At End of Period

H4.04END.PD.WP

To verify the existence, valuation, completeness, and classification of inventories by reviewing inventory records, supporting documents, NRV comparisons, third-party confirmations, and compliance with financial reporting requirements.

Debt Securities

Valuation and Allocation of Closing Balance At End of Period

H4.04END.VA.WP

To verify the existence, valuation, completeness, and classification of inventories by reviewing inventory records, supporting documents, NRV comparisons, third-party confirmations, and compliance with financial reporting requirements.

Deferred Tax Assets

Completeness of Debit Entries During the Period

P4.01PER.C.WP

To ensure deferred tax assets are complete, accurately valued, properly classified, timely recorded, and adequately disclosed, including temporary differences, tax losses, assumptions, and recoverability, in compliance with reporting standards.

Deferred Tax Assets

Presentation and Disclosure of Debit Entries During the Period

P4.01PER.PD.WP

To ensure deferred tax assets are complete, accurately valued, properly classified, timely recorded, and adequately disclosed, including temporary differences, tax losses, assumptions, and recoverability, in compliance with reporting standards.

Deferred Tax Assets

Valuation and Allocation of Debit Entries During the Period

P4.01PER.VA.WP

To ensure deferred tax assets are complete, accurately valued, properly classified, timely recorded, and adequately disclosed, including temporary differences, tax losses, assumptions, and recoverability, in compliance with reporting standards.

Deferred Tax Assets

Completeness of Closing Balance At End of Period

P4.01PER.C.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for deferred tax assets by verifying tax computations, valuation calculations, cut-off adjustments, and compliance with classification and disclosure requirements.

Deferred Tax Assets

Presentation and Disclosure  of Closing Balance At End of Period

P4.01PER.PD.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for deferred tax assets by verifying tax computations, valuation calculations, cut-off adjustments, and compliance with classification and disclosure requirements.

Deferred Tax Assets

Valuation and Allocation of Closing Balance At End of Period

P4.01PER.VA.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for deferred tax assets by verifying tax computations, valuation calculations, cut-off adjustments, and compliance with classification and disclosure requirements.

Deferred Tax Assets

Completeness of Closing Balance At End of Period

P4.01END.C.WP

To verify the existence, valuation, recoverability, classification, and disclosure of deferred tax assets by reviewing calculations, supporting documents, management projections, and compliance with disclosure requirements.

Deferred Tax Assets

Presentation and Disclosure of Closing Balance At End of Period

P4.01END.PD.WP

To verify the existence, valuation, recoverability, classification, and disclosure of deferred tax assets by reviewing calculations, supporting documents, management projections, and compliance with disclosure requirements.

Deferred Tax Assets

Valuation and Allocation of Closing Balance At End of Period

P4.01END.VA.WP

To verify the existence, valuation, recoverability, classification, and disclosure of deferred tax assets by reviewing calculations, supporting documents, management projections, and compliance with disclosure requirements.

Deferred Tax Liabilities

Completeness of Debit Entries During the Period

P4.02PER.C.WP

To ensure deferred tax liabilities are complete, accurately valued, properly classified, timely recorded, and adequately disclosed, including taxable temporary differences, tax rates, and significant assumptions, in compliance with reporting standards.

Deferred Tax Liabilities

Presentation and Disclosure of Debit Entries During the Period

P4.02PER.PD.WP

To ensure deferred tax liabilities are complete, accurately valued, properly classified, timely recorded, and adequately disclosed, including taxable temporary differences, tax rates, and significant assumptions, in compliance with reporting standards.

Deferred Tax Liabilities

Valuation and Allocation of Debit Entries During the Period

P4.02PER.VA.WP

To ensure deferred tax liabilities are complete, accurately valued, properly classified, timely recorded, and adequately disclosed, including taxable temporary differences, tax rates, and significant assumptions, in compliance with reporting standards.

Deferred Tax Liabilities

Completeness of Closing Balance At End of Period

P4.02PER.C.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for deferred tax liabilities by verifying taxable temporary differences, valuation calculations, cut-off adjustments, and compliance with classification and disclosure requirements.

Deferred Tax Liabilities

Presentation and Disclosure  of Closing Balance At End of Period

P4.02PER.PD.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for deferred tax liabilities by verifying taxable temporary differences, valuation calculations, cut-off adjustments, and compliance with classification and disclosure requirements.

Deferred Tax Liabilities

Valuation and Allocation of Closing Balance At End of Period

P4.02PER.VA.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for deferred tax liabilities by verifying taxable temporary differences, valuation calculations, cut-off adjustments, and compliance with classification and disclosure requirements.

Deferred Tax Liabilities

Completeness of Closing Balance At End of Period

P4.02END.C.WP

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of deferred tax liabilities by verifying temporary differences, recalculations, supporting documents, and compliance with HKFRS for Private Entities.

Deferred Tax Liabilities

Presentation and Disclosure of Closing Balance At End of Period

P4.02END.PD.WP

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of deferred tax liabilities by verifying temporary differences, recalculations, supporting documents, and compliance with HKFRS for Private Entities.

Deferred Tax Liabilities

Valuation and Allocation of Closing Balance At End of Period

P4.02END.VA.WP

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of deferred tax liabilities by verifying temporary differences, recalculations, supporting documents, and compliance with HKFRS for Private Entities.

Defined Benefit Retirement Obligations

Completeness of Debit Entries During the Period

L4.13PER.C.WP

To ensure defined benefit retirement obligations are complete, accurately valued, properly classified, and adequately disclosed with appropriate actuarial assumptions and compliance with disclosure requirements.

Defined Benefit Retirement Obligations

Presentation and Disclosure of Debit Entries During the Period

L4.13PER.PD.WP

To ensure defined benefit retirement obligations are complete, accurately valued, properly classified, and adequately disclosed with appropriate actuarial assumptions and compliance with disclosure requirements.

Defined Benefit Retirement Obligations

Valuation and Allocation of Debit Entries During the Period

L4.13PER.VA.WP

To ensure defined benefit retirement obligations are complete, accurately valued, properly classified, and adequately disclosed with appropriate actuarial assumptions and compliance with disclosure requirements.

Defined Benefit Retirement Obligations

Completeness of Closing Balance At End of Period

L4.13PER.C.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for defined benefit retirement obligations by verifying actuarial assumptions, employee data, cut-off adjustments, and compliance with disclosure requirements.

Defined Benefit Retirement Obligations

Presentation and Disclosure  of Closing Balance At End of Period

L4.13PER.PD.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for defined benefit retirement obligations by verifying actuarial assumptions, employee data, cut-off adjustments, and compliance with disclosure requirements.

Defined Benefit Retirement Obligations

Valuation and Allocation of Closing Balance At End of Period

L4.13PER.VA.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for defined benefit retirement obligations by verifying actuarial assumptions, employee data, cut-off adjustments, and compliance with disclosure requirements.

Defined Benefit Retirement Obligations

Completeness of Closing Balance At End of Period

L4.13END.C.WP

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of defined benefit retirement obligations by verifying actuarial assumptions, employee data, and compliance with recognition and disclosure requirements under HKFRS for Private Entities.

Defined Benefit Retirement Obligations

Presentation and Disclosure of Closing Balance At End of Period

L4.13END.PD.WP

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of defined benefit retirement obligations by verifying actuarial assumptions, employee data, and compliance with recognition and disclosure requirements under HKFRS for Private Entities.

Defined Benefit Retirement Obligations

Valuation and Allocation of Closing Balance At End of Period

L4.13END.VA.WP

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of defined benefit retirement obligations by verifying actuarial assumptions, employee data, and compliance with recognition and disclosure requirements under HKFRS for Private Entities.

Deposits Paid

Existence of Debit Entries During the Period

J4.04PER.E.WP

To ensure deposits paid are genuine, exist, recoverable, accurately valued, and properly disclosed, addressing risks of misstatement in valuation, existence, and rights and obligations.

Deposits Paid

Rights and Obligations of Debit Entries During the Period

J4.04PER.RO.WP

To ensure deposits paid are genuine, exist, recoverable, accurately valued, and properly disclosed, addressing risks of misstatement in valuation, existence, and rights and obligations.

Deposits Paid

Valuation and Allocation of Debit Entries During the Period

J4.04PER.VA.WP

To ensure deposits paid are genuine, exist, recoverable, accurately valued, and properly disclosed, addressing risks of misstatement in valuation, existence, and rights and obligations.

Deposits Paid

Completeness of Closing Balance At End of Period

J4.04PER.C.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for deposits paid by verifying refunds, impairments, cut-off adjustments, and compliance with contractual terms and disclosure requirements.

Deposits Paid

Rights and Obligations of Closing Balance At End of Period

J4.04PER.RO.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for deposits paid by verifying refunds, impairments, cut-off adjustments, and compliance with contractual terms and disclosure requirements.

Deposits Paid

Valuation and Allocation of Closing Balance At End of Period

J4.04PER.VA.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for deposits paid by verifying refunds, impairments, cut-off adjustments, and compliance with contractual terms and disclosure requirements.

Deposits Paid

Completeness of Closing Balance At End of Period

J4.04END.C.WP

To verify the existence, rights, valuation, and recoverability of deposits paid by reviewing schedules, supporting documents, subsequent settlements, foreign currency translations, and management’s impairment assessments.

Deposits Paid

Rights and Obligations of Closing Balance At End of Period

J4.04END.RO.WP

To verify the existence, rights, valuation, and recoverability of deposits paid by reviewing schedules, supporting documents, subsequent settlements, foreign currency translations, and management’s impairment assessments.

Deposits Paid

Valuation and Allocation of Closing Balance At End of Period

J4.04END.VA.WP

To verify the existence, rights, valuation, and recoverability of deposits paid by reviewing schedules, supporting documents, subsequent settlements, foreign currency translations, and management’s impairment assessments.

Exchange Gain / Losses

Accuracy of Debit P&L Entries During the Period

R4.05PER.A.WP

To verify the accuracy, completeness, and cut-off of exchange gains/losses by recalculating amounts, reviewing foreign currency transactions and balances, and ensuring proper recognition, classification, and disclosure in the financial statements.

Exchange Gain / Losses

Classification of Debit P&L Entries During the Period

R4.05PER.CL.WP

To verify the accuracy, completeness, and cut-off of exchange gains/losses by recalculating amounts, reviewing foreign currency transactions and balances, and ensuring proper recognition, classification, and disclosure in the financial statements.

Exchange Gain / Losses

Completeness of Debit P&L Entries During the Period

R4.05PER.C.WP

To verify the accuracy, completeness, and cut-off of exchange gains/losses by recalculating amounts, reviewing foreign currency transactions and balances, and ensuring proper recognition, classification, and disclosure in the financial statements.

Exchange Gain / Losses

Accuracy of Credit P&L Entries During the Period

R4.05PER.A.WP

Objective of the Audit Working Paper To ensure exchange gains/losses are valid, complete, accurately calculated, recorded in the correct period, and properly disclosed, addressing risks of overstated gains or understated losses in the financial statements.

Exchange Gain / Losses

Occurrence  of Credit P&L Entries During the Period

R4.05PER.O.WP

Objective of the Audit Working Paper To ensure exchange gains/losses are valid, complete, accurately calculated, recorded in the correct period, and properly disclosed, addressing risks of overstated gains or understated losses in the financial statements.

Exchange Gain / Losses

Presentation & Disclosure of Credit P&L Entries During the Period

R4.03PER.PD.WP

Objective of the Audit Working Paper To ensure exchange gains/losses are valid, complete, accurately calculated, recorded in the correct period, and properly disclosed, addressing risks of overstated gains or understated losses in the financial statements.

Exchange Reserve

Accuracy of Debit Entries During the Period

O4.03PER.A.WP

To verify the completeness, accuracy, timing, and authorization of foreign currency translation adjustments in the exchange reserve and ensure compliance with financial reporting and disclosure requirements.

Exchange Reserve

Completeness of Debit Entries During the Period

O4.03PER.C.WP

To verify the completeness, accuracy, timing, and authorization of foreign currency translation adjustments in the exchange reserve and ensure compliance with financial reporting and disclosure requirements.

Exchange Reserve

Presentation and Disclosure of Debit Entries During the Period

O4.03PER.PD.WP

To verify the completeness, accuracy, timing, and authorization of foreign currency translation adjustments in the exchange reserve and ensure compliance with financial reporting and disclosure requirements.

Exchange Reserve

Accuracy  of Closing Balance At End of Period

O4.03END.A.WP

To ensure the exchange reserve is complete, accurately calculated, properly recorded, and disclosed, reflecting all foreign currency translation adjustments and movements in compliance with financial reporting requirements.

Exchange Reserve

Completeness of Closing Balance At End of Period

O4.03END.C.WP

To ensure the exchange reserve is complete, accurately calculated, properly recorded, and disclosed, reflecting all foreign currency translation adjustments and movements in compliance with financial reporting requirements.

Exchange Reserve

Presentation and Disclosure of Closing Balance At End of Period

O4.03END.PD.WP

To ensure the exchange reserve is complete, accurately calculated, properly recorded, and disclosed, reflecting all foreign currency translation adjustments and movements in compliance with financial reporting requirements.

Finance Costs

Accuracy of Debit P&L Entries During the Period

Q4.17PER.A.WP

To verify the accuracy, completeness, and cut-off of finance costs by recalculating amounts, inspecting loan agreements, reconciling payment schedules, and ensuring costs are recorded in the correct financial period.

Finance Costs

Completeness of Debit P&L Entries During the Period

Q4.17PER.C.WP

To verify the accuracy, completeness, and cut-off of finance costs by recalculating amounts, inspecting loan agreements, reconciling payment schedules, and ensuring costs are recorded in the correct financial period.

Finance Costs

Cut-off of Debit P&L Entries During the Period

Q4.17PER.CO.WP

To verify the accuracy, completeness, and cut-off of finance costs by recalculating amounts, inspecting loan agreements, reconciling payment schedules, and ensuring costs are recorded in the correct financial period.

Gain / Losses on Disposal of Investments

Accuracy of Debit P&L Entries During the Period

G4.06PER.A.WP

To ensure gains/losses on disposal of investments are accurately calculated, supported by valid transactions, and recorded in the correct financial period in compliance with applicable reporting standards.

Gain / Losses on Disposal of Investments

Cut-off of Debit P&L Entries During the Period

G4.06PER.CO.WP

To ensure gains/losses on disposal of investments are accurately calculated, supported by valid transactions, and recorded in the correct financial period in compliance with applicable reporting standards.

Gain / Losses on Disposal of Investments

Occurrence of Debit P&L Entries During the Period

G4.06PER.O.WP

To ensure gains/losses on disposal of investments are accurately calculated, supported by valid transactions, and recorded in the correct financial period in compliance with applicable reporting standards.

Gain / Losses on Disposal of Investments

Accuracy of Credit P&L Entries During the Period

G4.06PER.A.WP

Objective of the Audit Working Paper To ensure gains/losses on disposal of investments are valid, accurately calculated, properly classified, and adequately disclosed, addressing risks of overstated gains or understated losses in the financial statements.

Gain / Losses on Disposal of Investments

Cut-off of Credit P&L Entries During the Period

G4.06PER.CO.WP

Objective of the Audit Working Paper To ensure gains/losses on disposal of investments are valid, accurately calculated, properly classified, and adequately disclosed, addressing risks of overstated gains or understated losses in the financial statements.

Gain / Losses on Disposal of Investments

Occurrence  of Credit P&L Entries During the Period

G4.06PER.O.WP

Objective of the Audit Working Paper To ensure gains/losses on disposal of investments are valid, accurately calculated, properly classified, and adequately disclosed, addressing risks of overstated gains or understated losses in the financial statements.

Gain / Losses on Fair value change of investment properties

Accuracy of Debit P&L Entries During the Period

FB4.02PER.A.WP

To ensure gains/losses on fair value changes of investment properties are accurately calculated, relate to properties owned by the entity, and are properly disclosed in compliance with reporting requirements.

Gain / Losses on Fair value change of investment properties

Occurrence of Debit P&L Entries During the Period

FB4.02PER.O.WP

To ensure gains/losses on fair value changes of investment properties are accurately calculated, relate to properties owned by the entity, and are properly disclosed in compliance with reporting requirements.

Gain / Losses on Fair value change of investment properties

Presentation & Disclosure of Debit P&L Entries During the Period

FB4.02PER.PD.WP

To ensure gains/losses on fair value changes of investment properties are accurately calculated, relate to properties owned by the entity, and are properly disclosed in compliance with reporting requirements.

Gain / Losses on Fair value change of investment properties

Accuracy of Credit P&L Entries During the Period

FB4.02PER.A.WP

Objective of the Audit Working Paper To ensure gains/losses on fair value changes of investment properties are valid, accurately calculated, properly classified, and fully disclosed, addressing risks of overstatement of gains or understatement of losses.

Gain / Losses on Fair value change of investment properties

Occurrence  of Credit P&L Entries During the Period

FB4.02PER.O.WP

Objective of the Audit Working Paper To ensure gains/losses on fair value changes of investment properties are valid, accurately calculated, properly classified, and fully disclosed, addressing risks of overstatement of gains or understatement of losses.

Gain / Losses on Fair value change of investment properties

Presentation & Disclosure of Credit P&L Entries During the Period

FB4.02PER.PD.WP

Objective of the Audit Working Paper To ensure gains/losses on fair value changes of investment properties are valid, accurately calculated, properly classified, and fully disclosed, addressing risks of overstatement of gains or understatement of losses.

Gain / Losses on Fair value change of investments

Accuracy of Debit P&L Entries During the Period

G4.07PER.A.WP

To ensure gains/losses on fair value changes of investments are accurately calculated, relate to valid investments owned by the entity, and are properly presented and disclosed in compliance with reporting standards.

Gain / Losses on Fair value change of investments

Occurrence of Debit P&L Entries During the Period

G4.07PER.O.WP

To ensure gains/losses on fair value changes of investments are accurately calculated, relate to valid investments owned by the entity, and are properly presented and disclosed in compliance with reporting standards.

Gain / Losses on Fair value change of investments

Presentation & Disclosure of Debit P&L Entries During the Period

G4.07PER.PD.WP

To ensure gains/losses on fair value changes of investments are accurately calculated, relate to valid investments owned by the entity, and are properly presented and disclosed in compliance with reporting standards.

Gain / Losses on Fair value change of investments

Accuracy of Credit P&L Entries During the Period

G4.07PER.A.WP

Objective of the Audit Working Paper To ensure fair value changes of investments are valid, accurately calculated, properly classified, and adequately disclosed, addressing risks of overstated gains or understated losses in the financial statements.

Gain / Losses on Fair value change of investments

Occurrence  of Credit P&L Entries During the Period

G4.07PER.O.WP

Objective of the Audit Working Paper To ensure fair value changes of investments are valid, accurately calculated, properly classified, and adequately disclosed, addressing risks of overstated gains or understated losses in the financial statements.

Gain / Losses on Fair value change of investments

Presentation & Disclosure of Credit P&L Entries During the Period

G4.07PER.PD.WP

Objective of the Audit Working Paper To ensure fair value changes of investments are valid, accurately calculated, properly classified, and adequately disclosed, addressing risks of overstated gains or understated losses in the financial statements.

Gain on Bargain Purchase

Accuracy of Credit P&L Entries During the Period

G4.09PER.A.WP

Objective of the Audit Working Paper To ensure the gain on bargain purchase is valid, accurately calculated, properly classified, and adequately disclosed, addressing risks of overstated gains or recognition of invalid gains in the financial statements.

Gain on Bargain Purchase

Occurrence  of Credit P&L Entries During the Period

G4.09PER.O.WP

Objective of the Audit Working Paper To ensure the gain on bargain purchase is valid, accurately calculated, properly classified, and adequately disclosed, addressing risks of overstated gains or recognition of invalid gains in the financial statements.

Gain on Bargain Purchase

Presentation & Disclosure of Credit P&L Entries During the Period

G4.09PER.PD.WP

Objective of the Audit Working Paper To ensure the gain on bargain purchase is valid, accurately calculated, properly classified, and adequately disclosed, addressing risks of overstated gains or recognition of invalid gains in the financial statements.

Goodwill

Completeness of Debit Entries During the Period

E4.04PER.C.WP

To ensure goodwill is accurately calculated, properly recognized, supported by recoverable amounts, and fully disclosed in compliance with applicable standards, addressing risks of misstatement in valuation, completeness, and disclosure.

Goodwill

Presentation and Disclosure of Debit Entries During the Period

E4.04PER.PD.WP

To ensure goodwill is accurately calculated, properly recognized, supported by recoverable amounts, and fully disclosed in compliance with applicable standards, addressing risks of misstatement in valuation, completeness, and disclosure.

Goodwill

Valuation and Allocation of Debit Entries During the Period

E4.04PER.VA.WP

To ensure goodwill is accurately calculated, properly recognized, supported by recoverable amounts, and fully disclosed in compliance with applicable standards, addressing risks of misstatement in valuation, completeness, and disclosure.

Goodwill

Completeness of Closing Balance At End of Period

E4.04PER.C.WP

To verify the accuracy, completeness, and proper valuation of credit side entries for goodwill by examining purchase price allocation, impairment testing, and management’s assumptions for compliance with financial reporting requirements.

Goodwill

Presentation and Disclosure  of Closing Balance At End of Period

E4.04PER.PD.WP

To verify the accuracy, completeness, and proper valuation of credit side entries for goodwill by examining purchase price allocation, impairment testing, and management’s assumptions for compliance with financial reporting requirements.

Goodwill

Valuation and Allocation of Closing Balance At End of Period

E4.04PER.VA.WP

To verify the accuracy, completeness, and proper valuation of credit side entries for goodwill by examining purchase price allocation, impairment testing, and management’s assumptions for compliance with financial reporting requirements.

Goodwill

Existence of Closing Balance At End of Period

E4.04END.E.WP

To verify the existence, valuation, and appropriate disclosure of goodwill by assessing acquisition records, impairment testing, and compliance with disclosure requirements to address risks of material misstatement.

Goodwill

Presentation and Disclosure of Closing Balance At End of Period

E4.04END.PD.WP

To verify the existence, valuation, and appropriate disclosure of goodwill by assessing acquisition records, impairment testing, and compliance with disclosure requirements to address risks of material misstatement.

Goodwill

Valuation and Allocation of Closing Balance At End of Period

E4.04END.VA.WP

To verify the existence, valuation, and appropriate disclosure of goodwill by assessing acquisition records, impairment testing, and compliance with disclosure requirements to address risks of material misstatement.

Impairment losses of Goodwill

Accuracy of Debit P&L Entries During the Period

E4.01PER.A.WP

To confirm that impairment losses on goodwill are accurately calculated, relate to existing goodwill, and are recognized in the correct financial period with appropriate supporting documentation.

Impairment losses of Goodwill

Cut-off of Debit P&L Entries During the Period

E4.01PER.CO.WP

To confirm that impairment losses on goodwill are accurately calculated, relate to existing goodwill, and are recognized in the correct financial period with appropriate supporting documentation.

Impairment losses of Goodwill

Occurrence of Debit P&L Entries During the Period

E4.01PER.O.WP

To confirm that impairment losses on goodwill are accurately calculated, relate to existing goodwill, and are recognized in the correct financial period with appropriate supporting documentation.

Impairment losses of Intangible Assets

Accuracy of Debit P&L Entries During the Period

E4.03PER.A.WP

To ensure impairment losses on intangible assets are accurately calculated, relate to valid assets owned by the entity, comply with disclosure requirements, and are recognized in the correct reporting period.

Impairment losses of Intangible Assets

Cut-off of Debit P&L Entries During the Period

E4.03PER.A.WP

To ensure impairment losses on intangible assets are accurately calculated, relate to valid assets owned by the entity, comply with disclosure requirements, and are recognized in the correct reporting period.

Impairment losses of Intangible Assets

Occurrence of Debit P&L Entries During the Period

E4.03PER.O.WP

To ensure impairment losses on intangible assets are accurately calculated, relate to valid assets owned by the entity, comply with disclosure requirements, and are recognized in the correct reporting period.

Impairment losses on loans and receivables (other than AR & OR)

Accuracy of Debit P&L Entries During the Period

J4.14PER.A.WP

To verify the accuracy, completeness, and cut-off of impairment losses on loans and receivables by recalculating ECL amounts, assessing credit risk indicators, and ensuring recognition aligns with the reporting period.

Impairment losses on loans and receivables (other than AR & OR)

Completeness of Debit P&L Entries During the Period

J4.14PER.C.WP

To verify the accuracy, completeness, and cut-off of impairment losses on loans and receivables by recalculating ECL amounts, assessing credit risk indicators, and ensuring recognition aligns with the reporting period.

Impairment losses on loans and receivables (other than AR & OR)

Cut-off of Debit P&L Entries During the Period

J4.14PER.CO.WP

To verify the accuracy, completeness, and cut-off of impairment losses on loans and receivables by recalculating ECL amounts, assessing credit risk indicators, and ensuring recognition aligns with the reporting period.

Construction in Progress

Completeness of Debit Entries During the Period

F4.04PER.C.WP

To ensure CIP is accurately recorded, properly allocated, complete, and appropriately disclosed, addressing risks of misstatement related to valuation, cutoff, classification, and compliance with applicable standards.

Construction in Progress

Presentation and Disclosure of Debit Entries During the Period

F4.04PER.PD.WP

To ensure CIP is accurately recorded, properly allocated, complete, and appropriately disclosed, addressing risks of misstatement related to valuation, cutoff, classification, and compliance with applicable standards.

Construction in Progress

Valuation and Allocation of Debit Entries During the Period

F4.04PER.VA.WP

To ensure CIP is accurately recorded, properly allocated, complete, and appropriately disclosed, addressing risks of misstatement related to valuation, cutoff, classification, and compliance with applicable standards.

Impairment losses on property, plant and equipment

Accuracy of Debit P&L Entries During the Period

F4.03PER.A.WP

To ensure impairment losses on PPE are accurately calculated, relate to existing assets with valid impairment indicators, comply with disclosure requirements, and are recognized in the correct reporting period.

Impairment losses on property, plant and equipment

Cut-off of Debit P&L Entries During the Period

F4.03PER.CO.WP

To ensure impairment losses on PPE are accurately calculated, relate to existing assets with valid impairment indicators, comply with disclosure requirements, and are recognized in the correct reporting period.

Impairment losses on property, plant and equipment

Occurrence of Debit P&L Entries During the Period

F4.03PER.O.WP

To ensure impairment losses on PPE are accurately calculated, relate to existing assets with valid impairment indicators, comply with disclosure requirements, and are recognized in the correct reporting period.

Impairment losses on trade and other receivables

Accuracy of Debit P&L Entries During the Period

J4.13PER.A.WP

To verify the accuracy, completeness, and cut-off of impairment losses on trade and other receivables by recalculating ECL amounts, confirming aging accuracy, assessing impairment indicators, and reviewing subsequent receipts.

Impairment losses on trade and other receivables

Completeness of Debit P&L Entries During the Period

J4.13PER.C.WP

To verify the accuracy, completeness, and cut-off of impairment losses on trade and other receivables by recalculating ECL amounts, confirming aging accuracy, assessing impairment indicators, and reviewing subsequent receipts.

Impairment losses on trade and other receivables

Cut-off of Debit P&L Entries During the Period

J4.13PER.CO.WP

To verify the accuracy, completeness, and cut-off of impairment losses on trade and other receivables by recalculating ECL amounts, confirming aging accuracy, assessing impairment indicators, and reviewing subsequent receipts.

Income / Expense from fair value change of FVTOCI

Accuracy of Debit P&L Entries During the Period

H4.01PER.A.WP

To verify the accuracy, classification, and disclosure of fair value changes of FVTOCI financial assets by recalculating amounts, confirming existence, and ensuring compliance with HKFRS presentation and disclosure requirements.

Income / Expense from fair value change of FVTOCI

Classification of Debit P&L Entries During the Period

H4.01PER.CL.WP

To verify the accuracy, classification, and disclosure of fair value changes of FVTOCI financial assets by recalculating amounts, confirming existence, and ensuring compliance with HKFRS presentation and disclosure requirements.

Income / Expense from fair value change of FVTOCI

Presentation & Disclosure of Debit P&L Entries During the Period

H4.01PER.PD.WP

To verify the accuracy, classification, and disclosure of fair value changes of FVTOCI financial assets by recalculating amounts, confirming existence, and ensuring compliance with HKFRS presentation and disclosure requirements.

Income / Expense from fair value change of FVTOCI

Accuracy of Credit P&L Entries During the Period

H4.01PER.A.WP

Objective of the Audit Working Paper To ensure income/expense from fair value changes of FVTOCI investments is valid, accurately calculated, properly classified in OCI, and adequately disclosed, addressing risks of overstated income or understated expenses.

Income / Expense from fair value change of FVTOCI

Occurrence  of Credit P&L Entries During the Period

H4.01PER.O.WP

Objective of the Audit Working Paper To ensure income/expense from fair value changes of FVTOCI investments is valid, accurately calculated, properly classified in OCI, and adequately disclosed, addressing risks of overstated income or understated expenses.

Income / Expense from fair value change of FVTOCI

Presentation & Disclosure of Credit P&L Entries During the Period

H4.01PER.PD.WP

Objective of the Audit Working Paper To ensure income/expense from fair value changes of FVTOCI investments is valid, accurately calculated, properly classified in OCI, and adequately disclosed, addressing risks of overstated income or understated expenses.

Income tax expense

Accuracy of Debit P&L Entries During the Period

Q4.03PER.A.WP

To verify the accuracy, completeness, and cut-off of income tax expense by recalculating amounts, reviewing prior year adjustments, assessing deferred tax calculations, and ensuring compliance with recognition and disclosure requirements.

Income tax expense

Completeness of Debit P&L Entries During the Period

Q4.03PER.C.WP

To verify the accuracy, completeness, and cut-off of income tax expense by recalculating amounts, reviewing prior year adjustments, assessing deferred tax calculations, and ensuring compliance with recognition and disclosure requirements.

Income tax expense

Presentation & Disclosure of Debit P&L Entries During the Period

Q4.03PER.PD.WP

To verify the accuracy, completeness, and cut-off of income tax expense by recalculating amounts, reviewing prior year adjustments, assessing deferred tax calculations, and ensuring compliance with recognition and disclosure requirements.

Income tax expense

Accuracy of Credit P&L Entries During the Period

Q4.03PER.A.WP

Objective of the Audit Working Paper To ensure income tax expense is accurately calculated, complete, properly classified, and adequately disclosed, addressing risks of understated tax expense or overstated tax credits in the financial statements.

Income tax expense

Completeness of Credit P&L Entries During the Period

Q4.03PER.C.WP

Objective of the Audit Working Paper To ensure income tax expense is accurately calculated, complete, properly classified, and adequately disclosed, addressing risks of understated tax expense or overstated tax credits in the financial statements.

Income tax expense

Presentation & Disclosure of Credit P&L Entries During the Period

Q4.03PER.PD.WP

Objective of the Audit Working Paper To ensure income tax expense is accurately calculated, complete, properly classified, and adequately disclosed, addressing risks of understated tax expense or overstated tax credits in the financial statements.

Interest in Joint Venture

Presentation and Disclosure of Debit Entries During the Period

G4.02PER.PD.WP

To ensure interests in joint ventures are accurately valued, properly classified, and appropriately disclosed, addressing risks of misstatement in valuation, joint control assessment, and compliance with disclosure requirements.

Interest in Joint Venture

Rights and Obligations of Debit Entries During the Period

G4.02PER.RO.WP

To ensure interests in joint ventures are accurately valued, properly classified, and appropriately disclosed, addressing risks of misstatement in valuation, joint control assessment, and compliance with disclosure requirements.

Interest in Joint Venture

Valuation and Allocation of Debit Entries During the Period

G4.02PER.VA.WP

To ensure interests in joint ventures are accurately valued, properly classified, and appropriately disclosed, addressing risks of misstatement in valuation, joint control assessment, and compliance with disclosure requirements.

Interest in Joint Venture

Completeness of Closing Balance At End of Period

G4.02PER.C.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for interests in joint ventures by verifying share of losses, impairments, disposals, and compliance with disclosure requirements.

Interest in Joint Venture

Presentation and Disclosure  of Closing Balance At End of Period

G4.02PER.PD.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for interests in joint ventures by verifying share of losses, impairments, disposals, and compliance with disclosure requirements.

Interest in Joint Venture

Valuation and Allocation of Closing Balance At End of Period

G4.02PER.VA.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for interests in joint ventures by verifying share of losses, impairments, disposals, and compliance with disclosure requirements.

Interest in Joint Venture

Completeness of Closing Balance At End of Period

G4.02END.C.WP

To verify the valuation, joint control, classification, and disclosure of interests in joint ventures by reviewing investment records, audited financial statements, agreements, and compliance with financial reporting requirements.

Interest in Joint Venture

Presentation and Disclosure of Closing Balance At End of Period

G4.02END.PD.WP

To verify the valuation, joint control, classification, and disclosure of interests in joint ventures by reviewing investment records, audited financial statements, agreements, and compliance with financial reporting requirements.

Interest in Joint Venture

Valuation and Allocation of Closing Balance At End of Period

G4.02END.VA.WP

To verify the valuation, joint control, classification, and disclosure of interests in joint ventures by reviewing investment records, audited financial statements, agreements, and compliance with financial reporting requirements.

Interest in Subsidiaries

Completeness of Debit Entries During the Period

G4.03PER.C.WP

To ensure interests in subsidiaries are accurately recognized, properly assessed for control and impairment, and fully disclosed, addressing risks of misstatement in valuation, ownership, and completeness of records.

Interest in Subsidiaries

Rights and Obligations of Debit Entries During the Period

G4.03PER.RO.WP

To ensure interests in subsidiaries are accurately recognized, properly assessed for control and impairment, and fully disclosed, addressing risks of misstatement in valuation, ownership, and completeness of records.

Interest in Subsidiaries

Valuation and Allocation of Debit Entries During the Period

G4.03PER.VA.WP

To ensure interests in subsidiaries are accurately recognized, properly assessed for control and impairment, and fully disclosed, addressing risks of misstatement in valuation, ownership, and completeness of records.

Interest in Subsidiaries

Completeness of Closing Balance At End of Period

G4.03PER.C.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for interests in subsidiaries by verifying dividend adjustments, impairments, disposals, and compliance with disclosure requirements.

Interest in Subsidiaries

Presentation and Disclosure  of Closing Balance At End of Period

G4.03PER.PD.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for interests in subsidiaries by verifying dividend adjustments, impairments, disposals, and compliance with disclosure requirements.

Interest in Subsidiaries

Valuation and Allocation of Closing Balance At End of Period

G4.03PER.VA.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for interests in subsidiaries by verifying dividend adjustments, impairments, disposals, and compliance with disclosure requirements.

Interest in Subsidiaries

Completeness of Closing Balance At End of Period

G4.03END.C.WP

To verify the valuation, classification, control, and disclosure of interests in subsidiaries by reviewing investment records, audited financial statements, legal documents, and compliance with financial reporting requirements.

Interest in Subsidiaries

Presentation and Disclosure of Closing Balance At End of Period

G4.03END.PD.WP

To verify the valuation, classification, control, and disclosure of interests in subsidiaries by reviewing investment records, audited financial statements, legal documents, and compliance with financial reporting requirements.

Interest in Subsidiaries

Valuation and Allocation of Closing Balance At End of Period

G4.03END.VA.WP

To verify the valuation, classification, control, and disclosure of interests in subsidiaries by reviewing investment records, audited financial statements, legal documents, and compliance with financial reporting requirements.

Interests in Associates

Completeness of Debit Entries During the Period

G4.01PER.C.WP

To ensure interests in associates are accurately valued, owned, and disclosed, addressing risks of misstatement in valuation, significant influence assessment, intercompany adjustments, and compliance with disclosure requirements.

Interests in Associates

Rights and Obligations of Debit Entries During the Period

G4.01PER.RO.WP

To ensure interests in associates are accurately valued, owned, and disclosed, addressing risks of misstatement in valuation, significant influence assessment, intercompany adjustments, and compliance with disclosure requirements.

Interests in Associates

Valuation and Allocation of Debit Entries During the Period

G4.01PER.VA.WP

To ensure interests in associates are accurately valued, owned, and disclosed, addressing risks of misstatement in valuation, significant influence assessment, intercompany adjustments, and compliance with disclosure requirements.

Interests in Associates

Completeness of Closing Balance At End of Period

G4.01PER.C.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for interests in associates by verifying share of losses, impairments, disposals, and compliance with disclosure requirements.

Interests in Associates

Presentation and Disclosure  of Closing Balance At End of Period

G4.01PER.PD.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for interests in associates by verifying share of losses, impairments, disposals, and compliance with disclosure requirements.

Interests in Associates

Valuation and Allocation of Closing Balance At End of Period

G4.01PER.VA.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for interests in associates by verifying share of losses, impairments, disposals, and compliance with disclosure requirements.

Interests in Associates

Completeness of Closing Balance At End of Period

G4.01END.C.WP

To verify the valuation, classification, significant influence, and disclosure of interests in associates by reviewing investment records, audited financial statements, agreements, and compliance with financial reporting requirements.

Interests in Associates

Presentation and Disclosure of Closing Balance At End of Period

G4.01END.PD.WP

To verify the valuation, classification, significant influence, and disclosure of interests in associates by reviewing investment records, audited financial statements, agreements, and compliance with financial reporting requirements.

Interests in Associates

Valuation and Allocation of Closing Balance At End of Period

G4.01END.VA.WP

To verify the valuation, classification, significant influence, and disclosure of interests in associates by reviewing investment records, audited financial statements, agreements, and compliance with financial reporting requirements.

Inventories

Completeness of Debit Entries During the Period

I4.01PER.C.WP

To ensure inventories are accurately recorded, physically exist, properly valued at the lower of cost and net realizable value, and are complete, addressing risks of misstatement in valuation, existence, and completeness.

Inventories

Existence of Debit Entries During the Period

I4.01PER.E.WP

To ensure inventories are accurately recorded, physically exist, properly valued at the lower of cost and net realizable value, and are complete, addressing risks of misstatement in valuation, existence, and completeness.

Inventories

Valuation and Allocation of Debit Entries During the Period

I4.01PER.VA.WP

To ensure inventories are accurately recorded, physically exist, properly valued at the lower of cost and net realizable value, and are complete, addressing risks of misstatement in valuation, existence, and completeness.

Inventories

Completeness of Closing Balance At End of Period

I4.01PER.C.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for inventories by verifying COGS, write-downs to NRV, cut-off adjustments, and compliance with disclosure requirements.

Inventories

Presentation and Disclosure  of Closing Balance At End of Period

I4.01PER.PD.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for inventories by verifying COGS, write-downs to NRV, cut-off adjustments, and compliance with disclosure requirements.

Inventories

Valuation and Allocation of Closing Balance At End of Period

I4.01PER.VA.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for inventories by verifying COGS, write-downs to NRV, cut-off adjustments, and compliance with disclosure requirements.

Inventories

Completeness of Closing Balance At End of Period

I4.01END.C.WP

To verify the existence, valuation, completeness, and classification of inventories by reviewing inventory records, supporting documents, NRV comparisons, third-party confirmations, and compliance with financial reporting requirements.

Inventories

Existence of Closing Balance At End of Period

I4.01END.E.WP

To verify the existence, valuation, completeness, and classification of inventories by reviewing inventory records, supporting documents, NRV comparisons, third-party confirmations, and compliance with financial reporting requirements.

Inventories

Valuation and Allocation of Closing Balance At End of Period

I4.01END.VA.WP

To verify the existence, valuation, completeness, and classification of inventories by reviewing inventory records, supporting documents, NRV comparisons, third-party confirmations, and compliance with financial reporting requirements.

Investment Property

Presentation and Disclosure of Debit Entries During the Period

FB4.01PER.PD.WP

To ensure investment property is accurately valued, properly owned, and appropriately disclosed, addressing risks of misstatement in valuation, ownership rights, classification, and compliance with disclosure requirements.

Investment Property

Rights and Obligations of Debit Entries During the Period

FB4.01PER.RO.WP

To ensure investment property is accurately valued, properly owned, and appropriately disclosed, addressing risks of misstatement in valuation, ownership rights, classification, and compliance with disclosure requirements.

Investment Property

Valuation and Allocation of Debit Entries During the Period

FB4.01PER.VA.WP

To ensure investment property is accurately valued, properly owned, and appropriately disclosed, addressing risks of misstatement in valuation, ownership rights, classification, and compliance with disclosure requirements.

Investment Property

Completeness of Closing Balance At End of Period

FB4.01PER.C.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for investment property by verifying fair value adjustments, disposals, reclassifications, and compliance with disclosure requirements.

Investment Property

Presentation and Disclosure  of Closing Balance At End of Period

FB4.01PER.PD.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for investment property by verifying fair value adjustments, disposals, reclassifications, and compliance with disclosure requirements.

Investment Property

Valuation and Allocation of Closing Balance At End of Period

FB4.01PER.VA.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for investment property by verifying fair value adjustments, disposals, reclassifications, and compliance with disclosure requirements.

Investment Property

Completeness of Closing Balance At End of Period

FB4.01END.C.WP

To assess the valuation, classification, cutoff, and disclosure of investment property by verifying property records, valuation reports, transaction timing, and compliance with financial reporting requirements, addressing risks of material misstatement.

Investment Property

Presentation and Disclosure of Closing Balance At End of Period

FB4.01END.PD.WP

To assess the valuation, classification, cutoff, and disclosure of investment property by verifying property records, valuation reports, transaction timing, and compliance with financial reporting requirements, addressing risks of material misstatement.

Investment Property

Valuation and Allocation of Closing Balance At End of Period

FB4.01END.VA.WP

To assess the valuation, classification, cutoff, and disclosure of investment property by verifying property records, valuation reports, transaction timing, and compliance with financial reporting requirements, addressing risks of material misstatement.

Lease liability

Completeness of Debit Entries During the Period

N4.01PER.C.WP

To ensure lease liabilities are complete, accurately valued, properly classified, timely recorded, and adequately disclosed, including maturity analysis, discount rates, and significant judgments, in compliance with reporting standards.

Lease liability

Presentation and Disclosure of Debit Entries During the Period

N4.01PER.PD.WP

To ensure lease liabilities are complete, accurately valued, properly classified, timely recorded, and adequately disclosed, including maturity analysis, discount rates, and significant judgments, in compliance with reporting standards.

Lease liability

Valuation and Allocation of Debit Entries During the Period

N4.01PER.VA.WP

To ensure lease liabilities are complete, accurately valued, properly classified, timely recorded, and adequately disclosed, including maturity analysis, discount rates, and significant judgments, in compliance with reporting standards.

Lease liability

Completeness of Closing Balance At End of Period

N4.01PER.C.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for lease liabilities by verifying lease agreements, valuation calculations, cut-off adjustments, and compliance with classification and disclosure requirements.

Lease liability

Presentation and Disclosure  of Closing Balance At End of Period

N4.01PER.PD.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for lease liabilities by verifying lease agreements, valuation calculations, cut-off adjustments, and compliance with classification and disclosure requirements.

Lease liability

Valuation and Allocation of Closing Balance At End of Period

N4.01PER.VA.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for lease liabilities by verifying lease agreements, valuation calculations, cut-off adjustments, and compliance with classification and disclosure requirements.

Lease liability

Completeness of Closing Balance At End of Period

N4.01END.C.WP

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of lease liabilities by verifying agreements, recalculations, payments, and compliance with recognition and disclosure requirements under HKFRS for Private Entities.

Lease liability

Presentation and Disclosure of Closing Balance At End of Period

N4.01END.PD.WP

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of lease liabilities by verifying agreements, recalculations, payments, and compliance with recognition and disclosure requirements under HKFRS for Private Entities.

Lease liability

Valuation and Allocation of Closing Balance At End of Period

N4.01END.VA.WP

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of lease liabilities by verifying agreements, recalculations, payments, and compliance with recognition and disclosure requirements under HKFRS for Private Entities.

Long-term Receivables

Existence of Debit Entries During the Period

J4.01PER.E.WP

To ensure long-term receivables are accurately valued, exist, and the entity retains rights to collect, addressing risks of misstatement in valuation, existence, and rights and obligations.

Long-term Receivables

Rights and Obligations of Debit Entries During the Period

J4.01PER.RO.WP

To ensure long-term receivables are accurately valued, exist, and the entity retains rights to collect, addressing risks of misstatement in valuation, existence, and rights and obligations.

Long-term Receivables

Valuation and Allocation of Debit Entries During the Period

J4.01PER.VA.WP

To ensure long-term receivables are accurately valued, exist, and the entity retains rights to collect, addressing risks of misstatement in valuation, existence, and rights and obligations.

Long-term Receivables

Completeness of Closing Balance At End of Period

J4.01PER.C.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for long-term receivables by verifying repayments, impairments, expected credit losses, cut-off adjustments, and compliance with disclosure requirements.

Long-term Receivables

Presentation and Disclosure  of Closing Balance At End of Period

J4.01PER.PD.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for long-term receivables by verifying repayments, impairments, expected credit losses, cut-off adjustments, and compliance with disclosure requirements.

Long-term Receivables

Valuation and Allocation of Closing Balance At End of Period

J4.01PER.VA.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for long-term receivables by verifying repayments, impairments, expected credit losses, cut-off adjustments, and compliance with disclosure requirements.

Long-term Receivables

Existence of Closing Balance At End of Period

J4.01END.E.WP

To verify the existence, valuation, classification, and rights of long-term receivables by reviewing schedules, supporting documents, ECL calculations, confirmations, and compliance with financial reporting requirements.

Long-term Receivables

Rights and Obligations of Closing Balance At End of Period

J4.01END.RO.WP

To verify the existence, valuation, classification, and rights of long-term receivables by reviewing schedules, supporting documents, ECL calculations, confirmations, and compliance with financial reporting requirements.

Long-term Receivables

Valuation and Allocation of Closing Balance At End of Period

J4.01END.VA.WP

To verify the existence, valuation, classification, and rights of long-term receivables by reviewing schedules, supporting documents, ECL calculations, confirmations, and compliance with financial reporting requirements.

Loss on Disposal of a Subsidiary

Accuracy of Debit P&L Entries During the Period

G4.08PER.A.WP

To verify the accuracy, occurrence, and cut-off of the recorded loss on disposal of a subsidiary by recalculating the loss, confirming authorization, and tracing to supporting documentation.

Loss on Disposal of a Subsidiary

Cut-off of Debit P&L Entries During the Period

G4.08PER.CO.WP

To verify the accuracy, occurrence, and cut-off of the recorded loss on disposal of a subsidiary by recalculating the loss, confirming authorization, and tracing to supporting documentation.

Loss on Disposal of a Subsidiary

Occurrence of Debit P&L Entries During the Period

G4.08PER.O.WP

To verify the accuracy, occurrence, and cut-off of the recorded loss on disposal of a subsidiary by recalculating the loss, confirming authorization, and tracing to supporting documentation.

Merger Reserve

Accuracy of Debit Entries During the Period

O4.05PER.A.WP

To verify the completeness, accuracy, timing, and authorization of foreign currency translation adjustments in the exchange reserve and ensure compliance with financial reporting and disclosure requirements.

Merger Reserve

Completeness of Debit Entries During the Period

O4.05PER.C.WP

To verify the completeness, accuracy, timing, and authorization of foreign currency translation adjustments in the exchange reserve and ensure compliance with financial reporting and disclosure requirements.

Merger Reserve

Presentation and Disclosure of Debit Entries During the Period

O4.05PER.PD.WP

To verify the completeness, accuracy, timing, and authorization of foreign currency translation adjustments in the exchange reserve and ensure compliance with financial reporting and disclosure requirements.

Merger Reserve

Accuracy of Closing Balance At End of Period

O4.05PER.A.WP

Objective for Substantive Audit Procedures – Merger Reserve (Credit Side)Ensure the merger reserve is accurately calculated, completely recorded, and properly presented and disclosed, including its origin, movements, and compliance with applicable accounting and legal requirements.

Merger Reserve

Completeness of Closing Balance At End of Period

O4.05PER.C.WP

Objective for Substantive Audit Procedures – Merger Reserve (Credit Side)Ensure the merger reserve is accurately calculated, completely recorded, and properly presented and disclosed, including its origin, movements, and compliance with applicable accounting and legal requirements.

Merger Reserve

Presentation and Disclosure of Closing Balance At End of Period

O4.05PER.PD.WP

Objective for Substantive Audit Procedures – Merger Reserve (Credit Side)Ensure the merger reserve is accurately calculated, completely recorded, and properly presented and disclosed, including its origin, movements, and compliance with applicable accounting and legal requirements.

Merger Reserve

Accuracy  of Closing Balance At End of Period

O4.05END.A.WP

To ensure the merger reserve is complete, accurately calculated, properly recorded, and disclosed, reflecting all group restructuring transactions and movements in compliance with legal and financial reporting requirements.

Merger Reserve

Completeness of Closing Balance At End of Period

O4.05END.C.WP

To ensure the merger reserve is complete, accurately calculated, properly recorded, and disclosed, reflecting all group restructuring transactions and movements in compliance with legal and financial reporting requirements.

Merger Reserve

Presentation and Disclosure of Closing Balance At End of Period

O4.05END.PD.WP

To ensure the merger reserve is complete, accurately calculated, properly recorded, and disclosed, reflecting all group restructuring transactions and movements in compliance with legal and financial reporting requirements.

Non-Controlling Interests

Accuracy of Debit Entries During the Period

O4.07PER.A.WP

To verify the completeness, accuracy, timing, and authorization of non-controlling interests transactions, ensuring proper allocation, recognition, and compliance with financial reporting and disclosure requirements.

Non-Controlling Interests

Completeness of Debit Entries During the Period

O4.07PER.C.WP

To verify the completeness, accuracy, timing, and authorization of non-controlling interests transactions, ensuring proper allocation, recognition, and compliance with financial reporting and disclosure requirements.

Non-Controlling Interests

Presentation and Disclosure of Debit Entries During the Period

O4.07PER.PD.WP

To verify the completeness, accuracy, timing, and authorization of non-controlling interests transactions, ensuring proper allocation, recognition, and compliance with financial reporting and disclosure requirements.

Non-Controlling Interests

Accuracy of Closing Balance At End of Period

O4.07PER.A.WP

Objective for Substantive Audit Procedures – Non-Controlling Interests (Credit Side)Ensure non-controlling interests are accurately calculated, completely recorded, and properly presented and disclosed, including profit allocation, net assets, and compliance with accounting and disclosure requirements.

Non-Controlling Interests

Completeness of Closing Balance At End of Period

O4.07PER.C.WP

Objective for Substantive Audit Procedures – Non-Controlling Interests (Credit Side)Ensure non-controlling interests are accurately calculated, completely recorded, and properly presented and disclosed, including profit allocation, net assets, and compliance with accounting and disclosure requirements.

Non-Controlling Interests

Presentation and Disclosure of Closing Balance At End of Period

O4.07PER.PD.WP

Objective for Substantive Audit Procedures – Non-Controlling Interests (Credit Side)Ensure non-controlling interests are accurately calculated, completely recorded, and properly presented and disclosed, including profit allocation, net assets, and compliance with accounting and disclosure requirements.

Non-Controlling Interests

Accuracy  of Closing Balance At End of Period

O4.07END.A.WP

To ensure non-controlling interests (NCI) are complete, accurately calculated, properly recorded, and disclosed, reflecting the NCI’s share of profit, loss, and equity movements in compliance with financial reporting requirements.

Non-Controlling Interests

Completeness of Closing Balance At End of Period

O4.07END.C.WP

To ensure non-controlling interests (NCI) are complete, accurately calculated, properly recorded, and disclosed, reflecting the NCI’s share of profit, loss, and equity movements in compliance with financial reporting requirements.

Non-Controlling Interests

Presentation and Disclosure of Closing Balance At End of Period

O4.07END.PD.WP

To ensure non-controlling interests (NCI) are complete, accurately calculated, properly recorded, and disclosed, reflecting the NCI’s share of profit, loss, and equity movements in compliance with financial reporting requirements.

Non-Current Bank Borrowings

Completeness of Debit Entries During the Period

M4.04PER.C.WP

To ensure non-current bank borrowings are complete, accurately valued, properly classified, timely recorded, and adequately disclosed, including loan terms, interest, covenants, and collateral, in compliance with reporting standards.

Non-Current Bank Borrowings

Presentation and Disclosure of Debit Entries During the Period

M4.04PER.PD.WP

To ensure non-current bank borrowings are complete, accurately valued, properly classified, timely recorded, and adequately disclosed, including loan terms, interest, covenants, and collateral, in compliance with reporting standards.

Non-Current Bank Borrowings

Valuation and Allocation of Debit Entries During the Period

M4.04PER.VA.WP

To ensure non-current bank borrowings are complete, accurately valued, properly classified, timely recorded, and adequately disclosed, including loan terms, interest, covenants, and collateral, in compliance with reporting standards.

Non-Current Bank Borrowings

Completeness of Closing Balance At End of Period

M4.04PER.C.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for non-current bank borrowings by verifying loan agreements, bank confirmations, cut-off adjustments, and compliance with classification and disclosure requirements.

Non-Current Bank Borrowings

Presentation and Disclosure  of Closing Balance At End of Period

M4.04PER.PD.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for non-current bank borrowings by verifying loan agreements, bank confirmations, cut-off adjustments, and compliance with classification and disclosure requirements.

Non-Current Bank Borrowings

Valuation and Allocation of Closing Balance At End of Period

M4.04PER.VA.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for non-current bank borrowings by verifying loan agreements, bank confirmations, cut-off adjustments, and compliance with classification and disclosure requirements.

Non-Current Bank Borrowings

Completeness of Closing Balance At End of Period

Deferred Tax Liabilities

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of non-current bank borrowings by verifying agreements, transactions, and compliance with recognition and disclosure requirements under HKFRS for Private Entities.

Non-Current Bank Borrowings

Presentation and Disclosure of Closing Balance At End of Period

M4.04END.PD.WP

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of non-current bank borrowings by verifying agreements, transactions, and compliance with recognition and disclosure requirements under HKFRS for Private Entities.

Non-Current Bank Borrowings

Valuation and Allocation of Closing Balance At End of Period

M4.04END.VA.WP

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of non-current bank borrowings by verifying agreements, transactions, and compliance with recognition and disclosure requirements under HKFRS for Private Entities.

Non-Current Obligations Under Finance Lease

Completeness of Debit Entries During the Period

M4.05PER.C.WP

To ensure non-current obligations under finance leases are complete, accurately valued, properly classified, timely recorded, and adequately disclosed, including lease terms, maturity analysis, and significant judgments, in compliance with reporting standards.

Non-Current Obligations Under Finance Lease

Presentation and Disclosure of Debit Entries During the Period

M4.05PER.PD.WP

To ensure non-current obligations under finance leases are complete, accurately valued, properly classified, timely recorded, and adequately disclosed, including lease terms, maturity analysis, and significant judgments, in compliance with reporting standards.

Non-Current Obligations Under Finance Lease

Valuation and Allocation of Debit Entries During the Period

M4.05PER.VA.WP

To ensure non-current obligations under finance leases are complete, accurately valued, properly classified, timely recorded, and adequately disclosed, including lease terms, maturity analysis, and significant judgments, in compliance with reporting standards.

Non-Current Obligations Under Finance Lease

Completeness of Closing Balance At End of Period

M4.05PER.C.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for non-current obligations under finance leases by verifying lease agreements, valuation calculations, cut-off adjustments, and compliance with disclosure requirements.

Non-Current Obligations Under Finance Lease

Presentation and Disclosure  of Closing Balance At End of Period

M4.05PER.PD.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for non-current obligations under finance leases by verifying lease agreements, valuation calculations, cut-off adjustments, and compliance with disclosure requirements.

Non-Current Obligations Under Finance Lease

Valuation and Allocation of Closing Balance At End of Period

M4.05PER.VA.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for non-current obligations under finance leases by verifying lease agreements, valuation calculations, cut-off adjustments, and compliance with disclosure requirements.

Non-Current Obligations Under Finance Lease

Completeness of Closing Balance At End of Period

M4.05END.C.WP

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of non-current obligations under finance leases by verifying agreements, recalculations, payments, and compliance with HKFRS for Private Entities.

Non-Current Obligations Under Finance Lease

Presentation and Disclosure of Closing Balance At End of Period

M4.05END.PD.WP

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of non-current obligations under finance leases by verifying agreements, recalculations, payments, and compliance with HKFRS for Private Entities.

Non-Current Obligations Under Finance Lease

Valuation and Allocation of Closing Balance At End of Period

M4.05END.VA.WP

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of non-current obligations under finance leases by verifying agreements, recalculations, payments, and compliance with HKFRS for Private Entities.

Non-Operating Expenses

Accuracy of Debit P&L Entries During the Period

Q4.01PER.A.WP

To verify the occurrence, accuracy, classification, and cut-off of non-operating expenses by inspecting supporting documents, recalculating amounts, assessing classification, and ensuring recognition aligns with the reporting period.

Non-Operating Expenses

Classification of Debit P&L Entries During the Period

Q4.01PER.CL.WP

To verify the occurrence, accuracy, classification, and cut-off of non-operating expenses by inspecting supporting documents, recalculating amounts, assessing classification, and ensuring recognition aligns with the reporting period.

Non-Operating Expenses

Occurrence of Debit P&L Entries During the Period

Q4.01PER.O.WP

To verify the occurrence, accuracy, classification, and cut-off of non-operating expenses by inspecting supporting documents, recalculating amounts, assessing classification, and ensuring recognition aligns with the reporting period.

Non-Operating Incomes

Accuracy of Credit P&L Entries During the Period

R4.03PER.A.WP

Objective of the Audit Working Paper To ensure non-operating incomes are valid, complete, accurately calculated, properly classified, and adequately disclosed, addressing risks of overstatement or misclassification in the financial statements.

Non-Operating Incomes

Occurrence  of Credit P&L Entries During the Period

R4.03PER.O.WP

Objective of the Audit Working Paper To ensure non-operating incomes are valid, complete, accurately calculated, properly classified, and adequately disclosed, addressing risks of overstatement or misclassification in the financial statements.

Non-Operating Incomes

Presentation & Disclosure of Credit P&L Entries During the Period

R4.03PER.PD.WP

Objective of the Audit Working Paper To ensure non-operating incomes are valid, complete, accurately calculated, properly classified, and adequately disclosed, addressing risks of overstatement or misclassification in the financial statements.

Obligations under Finance leases

Completeness of Debit Entries During the Period

M4.03PER.C.WP

To ensure obligations under finance leases are complete, accurately valued, properly classified, timely recorded, and adequately disclosed, including lease terms, maturity analysis, and interest rates, in compliance with reporting standards.

Obligations under Finance leases

Presentation and Disclosure of Debit Entries During the Period

M4.03PER.PD.WP

To ensure obligations under finance leases are complete, accurately valued, properly classified, timely recorded, and adequately disclosed, including lease terms, maturity analysis, and interest rates, in compliance with reporting standards.

Obligations under Finance leases

Valuation and Allocation of Debit Entries During the Period

M4.03PER.VA.WP

To ensure obligations under finance leases are complete, accurately valued, properly classified, timely recorded, and adequately disclosed, including lease terms, maturity analysis, and interest rates, in compliance with reporting standards.

Obligations under Finance leases

Completeness of Closing Balance At End of Period

M4.03PER.C.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for obligations under finance leases by verifying lease agreements, valuation calculations, cut-off adjustments, and compliance with disclosure requirements.

Obligations under Finance leases

Presentation and Disclosure  of Closing Balance At End of Period

M4.03PER.PD.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for obligations under finance leases by verifying lease agreements, valuation calculations, cut-off adjustments, and compliance with disclosure requirements.

Obligations under Finance leases

Valuation and Allocation of Closing Balance At End of Period

M4.03PER.VA.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for obligations under finance leases by verifying lease agreements, valuation calculations, cut-off adjustments, and compliance with disclosure requirements.

Obligations under Finance leases

Completeness of Closing Balance At End of Period

M4.03END.C.WP

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of obligations under finance leases by verifying agreements, payments, and compliance with recognition and disclosure requirements under HKFRS for Private Entities.

Obligations under Finance leases

Presentation and Disclosure of Closing Balance At End of Period

M4.03END.PD.WP

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of obligations under finance leases by verifying agreements, payments, and compliance with recognition and disclosure requirements under HKFRS for Private Entities.

Obligations under Finance leases

Valuation and Allocation of Closing Balance At End of Period

M4.03END.VA.WP

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of obligations under finance leases by verifying agreements, payments, and compliance with recognition and disclosure requirements under HKFRS for Private Entities.

Operating expenses

Accuracy of Debit P&L Entries During the Period

Q4.15PER.A.WP

To verify the accuracy, completeness, and cut-off of operating expenses by tracing to supporting documents, recalculating amounts, reviewing allocations, and ensuring expenses are recorded in the correct financial period.

Operating expenses

Completeness of Debit P&L Entries During the Period

Q4.15PER.C.WP

To verify the accuracy, completeness, and cut-off of operating expenses by tracing to supporting documents, recalculating amounts, reviewing allocations, and ensuring expenses are recorded in the correct financial period.

Operating expenses

Cut-off of Debit P&L Entries During the Period

Q4.15PER.CO.WP

To verify the accuracy, completeness, and cut-off of operating expenses by tracing to supporting documents, recalculating amounts, reviewing allocations, and ensuring expenses are recorded in the correct financial period.

Other Gains / Losses

Accuracy of Debit P&L Entries During the Period

R4.06PER.A.WP

To verify the accuracy, completeness, and classification of other gains/losses by recalculating amounts, inspecting supporting documents, reviewing classification, and ensuring proper recognition in the correct financial period.

Other Gains / Losses

Classification of Debit P&L Entries During the Period

R4.06PER.CL.WP

To verify the accuracy, completeness, and classification of other gains/losses by recalculating amounts, inspecting supporting documents, reviewing classification, and ensuring proper recognition in the correct financial period.

Other Gains / Losses

Completeness of Debit P&L Entries During the Period

R4.06PER.C.WP

To verify the accuracy, completeness, and classification of other gains/losses by recalculating amounts, inspecting supporting documents, reviewing classification, and ensuring proper recognition in the correct financial period.

Other Gains / Losses

Accuracy of Credit P&L Entries During the Period

R4.06PER.A.WP

Objective of the Audit Working Paper To ensure “Other Gains/Losses” are valid, complete, accurately calculated, properly classified, and adequately disclosed, addressing risks of overstated gains or understated losses in the financial statements.

Other Gains / Losses

Completeness of Credit P&L Entries During the Period

R4.06PER.C.WP

Objective of the Audit Working Paper To ensure “Other Gains/Losses” are valid, complete, accurately calculated, properly classified, and adequately disclosed, addressing risks of overstated gains or understated losses in the financial statements.

Other Gains / Losses

Occurrence  of Credit P&L Entries During the Period

R4.06PER.O.WP

Objective of the Audit Working Paper To ensure “Other Gains/Losses” are valid, complete, accurately calculated, properly classified, and adequately disclosed, addressing risks of overstated gains or understated losses in the financial statements.

Other Payables

Completeness of Debit Entries During the Period

L4.02PER.C.WP

To ensure other payables are complete, accurately valued, properly classified, recorded in the correct period, and adequately disclosed, addressing risks in completeness, valuation, and presentation and disclosure.

Other Payables

Valuation and Allocation of Debit Entries During the Period

L4.02PER.VA.WP

To ensure other payables are complete, accurately valued, properly classified, recorded in the correct period, and adequately disclosed, addressing risks in completeness, valuation, and presentation and disclosure.

Other Payables

Completeness of Closing Balance At End of Period

L4.02PER.C.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for other payables by verifying liabilities, accruals, adjustments, reconciliations, cut-off tests, and compliance with disclosure requirements.

Other Payables

Presentation and Disclosure  of Closing Balance At End of Period

L4.02PER.PD.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for other payables by verifying liabilities, accruals, adjustments, reconciliations, cut-off tests, and compliance with disclosure requirements.

Other Payables

Valuation and Allocation of Closing Balance At End of Period

L4.02PER.VA.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for other payables by verifying liabilities, accruals, adjustments, reconciliations, cut-off tests, and compliance with disclosure requirements.

Other Payables

Completeness of Closing Balance At End of Period

L4.02END.C.WP

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of other payables by verifying supporting documents, identifying unrecorded liabilities, and assessing compliance with recognition and disclosure requirements under HKFRS for Private Entities.

Other Payables

Presentation and Disclosure of Closing Balance At End of Period

L4.02END.PD.WP

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of other payables by verifying supporting documents, identifying unrecorded liabilities, and assessing compliance with recognition and disclosure requirements under HKFRS for Private Entities.

Other Payables

Valuation and Allocation of Closing Balance At End of Period

L4.02END.VA.WP

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of other payables by verifying supporting documents, identifying unrecorded liabilities, and assessing compliance with recognition and disclosure requirements under HKFRS for Private Entities.

Other Receivables

Completeness of Debit Entries During the Period

J4.03PER.C.WP

To ensure other receivables are genuine, exist, accurately valued, and recorded in the correct period, addressing risks of misstatement in valuation, existence, and completeness.

Other Receivables

Existence of Debit Entries During the Period

J4.03PER.E.WP

To ensure other receivables are genuine, exist, accurately valued, and recorded in the correct period, addressing risks of misstatement in valuation, existence, and completeness.

Other Receivables

Valuation and Allocation of Debit Entries During the Period

J4.03PER.VA.WP

To ensure other receivables are genuine, exist, accurately valued, and recorded in the correct period, addressing risks of misstatement in valuation, existence, and completeness.

Other Receivables

Completeness of Closing Balance At End of Period

J4.03PER.C.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for other receivables by verifying repayments, impairments, cut-off adjustments, and compliance with disclosure requirements.

Other Receivables

Presentation and Disclosure  of Closing Balance At End of Period

J4.03PER.PD.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for other receivables by verifying repayments, impairments, cut-off adjustments, and compliance with disclosure requirements.

Other Receivables

Valuation and Allocation of Closing Balance At End of Period

J4.03PER.VA.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for other receivables by verifying repayments, impairments, cut-off adjustments, and compliance with disclosure requirements.

Other Receivables

Completeness of Closing Balance At End of Period

J4.03END.C.WP

To verify the existence, valuation, accuracy, and recoverability of other receivables by reviewing detailed listings, supporting documents, subsequent cash receipts, direct confirmations, and compliance with financial reporting requirements.

Other Receivables

Existence of Closing Balance At End of Period

J4.03END.E.WP

To verify the existence, valuation, accuracy, and recoverability of other receivables by reviewing detailed listings, supporting documents, subsequent cash receipts, direct confirmations, and compliance with financial reporting requirements.

Other Receivables

Valuation and Allocation of Closing Balance At End of Period

J4.03END.VA.WP

To verify the existence, valuation, accuracy, and recoverability of other receivables by reviewing detailed listings, supporting documents, subsequent cash receipts, direct confirmations, and compliance with financial reporting requirements.

Other Revenues

Accuracy of Credit P&L Entries During the Period

R4.02PER.A.WP

Objective of the Audit Working Paper To ensure “Other Revenues” are valid, complete, accurately calculated, properly classified, and adequately disclosed, addressing risks of overstatement or misclassification in the financial statements.

Other Revenues

Completeness of Credit P&L Entries During the Period

R4.02PER.C.WP

Objective of the Audit Working Paper To ensure “Other Revenues” are valid, complete, accurately calculated, properly classified, and adequately disclosed, addressing risks of overstatement or misclassification in the financial statements.

Other Revenues

Occurrence  of Credit P&L Entries During the Period

R4.02PER.O.WP

Objective of the Audit Working Paper To ensure “Other Revenues” are valid, complete, accurately calculated, properly classified, and adequately disclosed, addressing risks of overstatement or misclassification in the financial statements.

Pledged Bank Deposits

Presentation and Disclosure of Debit Entries During the Period

K4.04PER.PD.WP

To ensure pledged bank deposits exist, are accurately valued, the entity’s rights and restrictions are properly documented, and they are appropriately classified and disclosed in compliance with reporting standards.

Pledged Bank Deposits

Rights and Obligations of Debit Entries During the Period

K4.04PER.RO.WP

To ensure pledged bank deposits exist, are accurately valued, the entity’s rights and restrictions are properly documented, and they are appropriately classified and disclosed in compliance with reporting standards.

Pledged Bank Deposits

Valuation and Allocation of Debit Entries During the Period

K4.04PER.VA.WP

To ensure pledged bank deposits exist, are accurately valued, the entity’s rights and restrictions are properly documented, and they are appropriately classified and disclosed in compliance with reporting standards.

Pledged Bank Deposits

Completeness of Closing Balance At End of Period

K4.04PER.C.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for pledged bank deposits by verifying withdrawals, reclassifications, authorizations, and cut-off adjustments in compliance with agreements.

Pledged Bank Deposits

Presentation and Disclosure  of Closing Balance At End of Period

K4.04PER.PD.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for pledged bank deposits by verifying withdrawals, reclassifications, authorizations, and cut-off adjustments in compliance with agreements.

Pledged Bank Deposits

Rights and Obligations of Closing Balance At End of Period

K4.04PER.RO.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for pledged bank deposits by verifying withdrawals, reclassifications, authorizations, and cut-off adjustments in compliance with agreements.

Pledged Bank Deposits

Presentation and Disclosure of Closing Balance At End of Period

K4.04END.PD.WP

To verify the ownership, existence, valuation, classification, and disclosure of pledged bank deposits by reviewing schedules, confirmations, agreements, accrued interest calculations, and compliance with disclosure requirements.

Pledged Bank Deposits

Rights and Obligations of Closing Balance At End of Period

K4.04END.RO.WP

To verify the ownership, existence, valuation, classification, and disclosure of pledged bank deposits by reviewing schedules, confirmations, agreements, accrued interest calculations, and compliance with disclosure requirements.

Pledged Bank Deposits

Valuation and Allocation of Closing Balance At End of Period

K4.04END.VA.WP

To verify the ownership, existence, valuation, classification, and disclosure of pledged bank deposits by reviewing schedules, confirmations, agreements, accrued interest calculations, and compliance with disclosure requirements.

Prepaid Expenses

Completeness of Debit Entries During the Period

J4.15PER.C.WP

To ensure prepaid expenses are valid, accurately valued, properly amortized, recorded in the correct period, and complete, addressing risks in valuation, existence, and completeness.

Prepaid Expenses

Existence of Debit Entries During the Period

J4.15PER.E.WP

To ensure prepaid expenses are valid, accurately valued, properly amortized, recorded in the correct period, and complete, addressing risks in valuation, existence, and completeness.

Prepaid Expenses

Valuation and Allocation of Debit Entries During the Period

J4.15PER.VA.WP

To ensure prepaid expenses are valid, accurately valued, properly amortized, recorded in the correct period, and complete, addressing risks in valuation, existence, and completeness.

Prepaid Expenses

Completeness of Closing Balance At End of Period

J4.15PER.C.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for prepaid expenses by verifying amortization, adjustments, cut-off allocations, and compliance with contractual terms and disclosure requirements.

Prepaid Expenses

Presentation and Disclosure  of Closing Balance At End of Period

J4.15PER.PD.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for prepaid expenses by verifying amortization, adjustments, cut-off allocations, and compliance with contractual terms and disclosure requirements.

Prepaid Expenses

Valuation and Allocation of Closing Balance At End of Period

J4.15PER.VA.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for prepaid expenses by verifying amortization, adjustments, cut-off allocations, and compliance with contractual terms and disclosure requirements.

Prepaid Expenses

Existence of Closing Balance At End of Period

J4.15END.E.WP

To verify the existence, valuation, amortization, classification, and disclosure of prepaid expenses by reviewing schedules, supporting documents, amortization accuracy, and financial statement disclosures.

Prepaid Expenses

Presentation and Disclosure of Closing Balance At End of Period

J4.15END.PD.WP

To verify the existence, valuation, amortization, classification, and disclosure of prepaid expenses by reviewing schedules, supporting documents, amortization accuracy, and financial statement disclosures.

Prepaid Expenses

Valuation and Allocation of Closing Balance At End of Period

J4.15END.VA.WP

To verify the existence, valuation, amortization, classification, and disclosure of prepaid expenses by reviewing schedules, supporting documents, amortization accuracy, and financial statement disclosures.

Property, Plant and Equipment

Completeness of Debit Entries During the Period

F4.01PER.C.WP

To ensure PPE is accurately recorded, exists physically, properly valued, and completely recognized in the financial statements, addressing risks related to valuation, existence, and completeness.

Property, Plant and Equipment

Existence of Debit Entries During the Period

F4.01PER.E.WP

To ensure PPE is accurately recorded, exists physically, properly valued, and completely recognized in the financial statements, addressing risks related to valuation, existence, and completeness.

Property, Plant and Equipment

Valuation and Allocation of Debit Entries During the Period

F4.01PER.VA.WP

To ensure PPE is accurately recorded, exists physically, properly valued, and completely recognized in the financial statements, addressing risks related to valuation, existence, and completeness.

Property, Plant and Equipment

Completeness of Closing Balance At End of Period

F4.01PER.C.WP

To ensure the completeness, accuracy, and proper valuation of credit side entries for PPE by verifying disposals, impairments, and derecognition are recorded correctly and supported by reliable evidence.

Property, Plant and Equipment

Presentation and Disclosure of Closing Balance At End of Period

F4.01PER.PD.WP

To ensure the completeness, accuracy, and proper valuation of credit side entries for PPE by verifying disposals, impairments, and derecognition are recorded correctly and supported by reliable evidence.

Property, Plant and Equipment

Valuation and Allocation of Closing Balance At End of Period

F4.01PER.VA.WP

To ensure the completeness, accuracy, and proper valuation of credit side entries for PPE by verifying disposals, impairments, and derecognition are recorded correctly and supported by reliable evidence.

Property, Plant and Equipment

Existence of Closing Balance At End of Period

F4.01END.E.WP

To verify the existence, valuation, ownership, and proper capitalization of property, plant, and equipment by inspecting records, physical assets, and supporting documentation, addressing risks of material misstatement.

Property, Plant and Equipment

Rights and Obligations of Closing Balance At End of Period

F4.01END.RO.WP

To verify the existence, valuation, ownership, and proper capitalization of property, plant, and equipment by inspecting records, physical assets, and supporting documentation, addressing risks of material misstatement.

Property, Plant and Equipment

Valuation and Allocation of Closing Balance At End of Period

F4.01END.VA.WP

To verify the existence, valuation, ownership, and proper capitalization of property, plant, and equipment by inspecting records, physical assets, and supporting documentation, addressing risks of material misstatement.

Property, Plant and Equipment – Revaluation Model

Presentation and Disclosure of Debit Entries During the Period

F4.05PER.PD.WP

To ensure PPE under the revaluation model is accurately valued, properly owned, and appropriately disclosed, addressing risks of misstatement in valuation, ownership rights, and compliance with disclosure requirements.

Property, Plant and Equipment – Revaluation Model

Rights and Obligations of Debit Entries During the Period

F4.05PER.RO.WP

To ensure PPE under the revaluation model is accurately valued, properly owned, and appropriately disclosed, addressing risks of misstatement in valuation, ownership rights, and compliance with disclosure requirements.

Property, Plant and Equipment – Revaluation Model

Valuation and Allocation of Debit Entries During the Period

F4.05PER.VA.WP

To ensure PPE under the revaluation model is accurately valued, properly owned, and appropriately disclosed, addressing risks of misstatement in valuation, ownership rights, and compliance with disclosure requirements.

Property, Plant and Equipment – Revaluation Model

Completeness of Closing Balance At End of Period

F4.05PER.C.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for PPE under the revaluation model by verifying fair value adjustments, proper allocation, and compliance with disclosure requirements.

Property, Plant and Equipment – Revaluation Model

Presentation and Disclosure  of Closing Balance At End of Period

F4.05PER.PD.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for PPE under the revaluation model by verifying fair value adjustments, proper allocation, and compliance with disclosure requirements.

Property, Plant and Equipment – Revaluation Model

Valuation and Allocation of Closing Balance At End of Period

F4.05PER.VA.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for PPE under the revaluation model by verifying fair value adjustments, proper allocation, and compliance with disclosure requirements.

Property, Plant and Equipment – Revaluation Model

Completeness of Closing Balance At End of Period

F4.05END.C.WP

To verify the valuation, accuracy of revaluation adjustments, and compliance with disclosure requirements for Property, Plant, and Equipment under the revaluation model, addressing risks of material misstatement.

Property, Plant and Equipment – Revaluation Model

Presentation and Disclosure of Closing Balance At End of Period

F4.05END.PD.WP

To verify the valuation, accuracy of revaluation adjustments, and compliance with disclosure requirements for Property, Plant, and Equipment under the revaluation model, addressing risks of material misstatement.

Property, Plant and Equipment – Revaluation Model

Valuation and Allocation of Closing Balance At End of Period

F4.05END.VA.WP

To verify the valuation, accuracy of revaluation adjustments, and compliance with disclosure requirements for Property, Plant, and Equipment under the revaluation model, addressing risks of material misstatement.

Provisions

Completeness of Debit Entries During the Period

N4.02PER.C.WP

To ensure provisions are complete, accurately valued, properly classified, timely recorded, and adequately disclosed, including nature, assumptions, uncertainties, and timing of cash flows, in compliance with reporting standards.

Provisions

Presentation and Disclosure of Debit Entries During the Period

N4.02PER.PD.WP

To ensure provisions are complete, accurately valued, properly classified, timely recorded, and adequately disclosed, including nature, assumptions, uncertainties, and timing of cash flows, in compliance with reporting standards.

Provisions

Valuation and Allocation of Debit Entries During the Period

N4.02PER.VA.WP

To ensure provisions are complete, accurately valued, properly classified, timely recorded, and adequately disclosed, including nature, assumptions, uncertainties, and timing of cash flows, in compliance with reporting standards.

Provisions

Completeness of Closing Balance At End of Period

N4.02PER.C.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for provisions by verifying recognition criteria, valuation calculations, cut-off adjustments, and compliance with classification and disclosure requirements.

Provisions

Presentation and Disclosure  of Closing Balance At End of Period

N4.02PER.PD.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for provisions by verifying recognition criteria, valuation calculations, cut-off adjustments, and compliance with classification and disclosure requirements.

Provisions

Valuation and Allocation of Closing Balance At End of Period

N4.02PER.VA.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for provisions by verifying recognition criteria, valuation calculations, cut-off adjustments, and compliance with classification and disclosure requirements.

Provisions

Completeness of Closing Balance At End of Period

N4.02END.C.WP

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of provisions by verifying supporting documents, recalculations, assumptions, and compliance with recognition and disclosure requirements under HKFRS for Private Entities.

Provisions

Presentation and Disclosure of Closing Balance At End of Period

N4.02END.PD.WP

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of provisions by verifying supporting documents, recalculations, assumptions, and compliance with recognition and disclosure requirements under HKFRS for Private Entities.

Provisions

Valuation and Allocation of Closing Balance At End of Period

N4.02END.VA.WP

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of provisions by verifying supporting documents, recalculations, assumptions, and compliance with recognition and disclosure requirements under HKFRS for Private Entities.

Received in Advance

Completeness of Debit Entries During the Period

L4.03PER.C.WP

To ensure received-in-advance amounts are complete, accurately valued, properly classified as liabilities, recorded in the correct period, and adequately disclosed in compliance with reporting standards.

Received in Advance

Presentation and Disclosure of Debit Entries During the Period

L4.03PER.PD.WP

To ensure received-in-advance amounts are complete, accurately valued, properly classified as liabilities, recorded in the correct period, and adequately disclosed in compliance with reporting standards.

Received in Advance

Valuation and Allocation of Debit Entries During the Period

L4.03PER.VA.WP

To ensure received-in-advance amounts are complete, accurately valued, properly classified as liabilities, recorded in the correct period, and adequately disclosed in compliance with reporting standards.

Received in Advance

Completeness of Closing Balance At End of Period

L4.03PER.C.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for received in advance by verifying receipts, customer contracts, cut-off classification, and compliance with liability recognition and disclosure requirements.

Received in Advance

Presentation and Disclosure  of Closing Balance At End of Period

L4.03PER.PD.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for received in advance by verifying receipts, customer contracts, cut-off classification, and compliance with liability recognition and disclosure requirements.

Received in Advance

Valuation and Allocation of Closing Balance At End of Period

L4.03PER.VA.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for received in advance by verifying receipts, customer contracts, cut-off classification, and compliance with liability recognition and disclosure requirements.

Received in Advance

Completeness of Closing Balance At End of Period

L4.03END.C.WP

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of received-in-advance balances by verifying contracts, receipts, and compliance with recognition and disclosure requirements under HKFRS for Private Entities.

Received in Advance

Presentation and Disclosure of Closing Balance At End of Period

L4.03END.PD.WP

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of received-in-advance balances by verifying contracts, receipts, and compliance with recognition and disclosure requirements under HKFRS for Private Entities.

Received in Advance

Valuation and Allocation of Closing Balance At End of Period

L4.03END.VA.WP

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of received-in-advance balances by verifying contracts, receipts, and compliance with recognition and disclosure requirements under HKFRS for Private Entities.

Remeasurement of defined benefit liability

Completeness of Debit Entries During the Period

L4.07PER.C.WP

To ensure the remeasurement of defined benefit liability is accurately valued, complete, properly classified in other comprehensive income, and adequately disclosed in compliance with reporting standards.

Remeasurement of defined benefit liability

Presentation and Disclosure of Debit Entries During the Period

L4.07PER.PD.WP

To ensure the remeasurement of defined benefit liability is accurately valued, complete, properly classified in other comprehensive income, and adequately disclosed in compliance with reporting standards.

Remeasurement of defined benefit liability

Valuation and Allocation of Debit Entries During the Period

L4.07PER.VA.WP

To ensure the remeasurement of defined benefit liability is accurately valued, complete, properly classified in other comprehensive income, and adequately disclosed in compliance with reporting standards.

Remeasurement of defined benefit liability

Completeness of Closing Balance At End of Period

L4.07PER.C.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for the remeasurement of defined benefit liability by verifying actuarial assumptions, reconciliations, classification, and compliance with disclosure requirements.

Remeasurement of defined benefit liability

Presentation and Disclosure  of Closing Balance At End of Period

L4.07PER.PD.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for the remeasurement of defined benefit liability by verifying actuarial assumptions, reconciliations, classification, and compliance with disclosure requirements.

Remeasurement of defined benefit liability

Valuation and Allocation of Closing Balance At End of Period

L4.07PER.VA.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for the remeasurement of defined benefit liability by verifying actuarial assumptions, reconciliations, classification, and compliance with disclosure requirements.

Remeasurement of defined benefit liability

Completeness of Closing Balance At End of Period

L4.07END.C.WP

To ensure the accuracy, completeness, proper valuation, and disclosure of the remeasurement of defined benefit liabilities by verifying actuarial assumptions, employee data, and compliance with presentation and disclosure requirements under HKFRS for Private Entities.

Remeasurement of defined benefit liability

Presentation and Disclosure of Closing Balance At End of Period

L4.07END.PD.WP

To ensure the accuracy, completeness, proper valuation, and disclosure of the remeasurement of defined benefit liabilities by verifying actuarial assumptions, employee data, and compliance with presentation and disclosure requirements under HKFRS for Private Entities.

Remeasurement of defined benefit liability

Valuation and Allocation of Closing Balance At End of Period

L4.07END.VA.WP

To ensure the accuracy, completeness, proper valuation, and disclosure of the remeasurement of defined benefit liabilities by verifying actuarial assumptions, employee data, and compliance with presentation and disclosure requirements under HKFRS for Private Entities.

Restrited Bank Deposits

Completeness of Debit Entries During the Period

K4.05PER.C.WP

To ensure restricted bank deposits exist, the entity’s rights and restrictions are properly documented, they are accurately classified, fully recorded, and adequately disclosed in compliance with reporting standards.

Restrited Bank Deposits

Presentation and Disclosure of Debit Entries During the Period

K4.05PER.PD.WP

To ensure restricted bank deposits exist, the entity’s rights and restrictions are properly documented, they are accurately classified, fully recorded, and adequately disclosed in compliance with reporting standards.

Restrited Bank Deposits

Rights and Obligations of Debit Entries During the Period

K4.05PER.RO.WP

To ensure restricted bank deposits exist, the entity’s rights and restrictions are properly documented, they are accurately classified, fully recorded, and adequately disclosed in compliance with reporting standards.

Restrited Bank Deposits

Completeness of Closing Balance At End of Period

K4.05PER.C.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for restricted bank deposits by verifying withdrawals, reclassifications, authorizations, reconciliations, and compliance with restrictions and disclosures.

Restrited Bank Deposits

Presentation and Disclosure  of Closing Balance At End of Period

K4.05PER.PD.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for restricted bank deposits by verifying withdrawals, reclassifications, authorizations, reconciliations, and compliance with restrictions and disclosures.

Restrited Bank Deposits

Rights and Obligations of Closing Balance At End of Period

K4.05PER.RO.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for restricted bank deposits by verifying withdrawals, reclassifications, authorizations, reconciliations, and compliance with restrictions and disclosures.

Restrited Bank Deposits

Presentation and Disclosure of Closing Balance At End of Period

K4.05END.PD.WP

To verify the ownership, existence, valuation, classification, and disclosure of restricted bank deposits by reviewing schedules, confirmations, agreements, accrued interest calculations, and compliance with disclosure requirements.

Restrited Bank Deposits

Rights and Obligations of Closing Balance At End of Period

K4.05END.RO.WP

To verify the ownership, existence, valuation, classification, and disclosure of restricted bank deposits by reviewing schedules, confirmations, agreements, accrued interest calculations, and compliance with disclosure requirements.

Restrited Bank Deposits

Valuation and Allocation of Closing Balance At End of Period

K4.05END.VA.WP

To verify the ownership, existence, valuation, classification, and disclosure of restricted bank deposits by reviewing schedules, confirmations, agreements, accrued interest calculations, and compliance with disclosure requirements.

Retained Earnings / Accumulated Losses

Accuracy of Debit Entries During the Period

O4.08PER.A.WP

To verify the completeness, accuracy, timing, and authorization of transactions affecting retained earnings or accumulated losses, ensuring proper recognition, calculation, and compliance with financial reporting and disclosure requirements.

Retained Earnings / Accumulated Losses

Completeness of Debit Entries During the Period

O4.08PER.C.WP

To verify the completeness, accuracy, timing, and authorization of transactions affecting retained earnings or accumulated losses, ensuring proper recognition, calculation, and compliance with financial reporting and disclosure requirements.

Retained Earnings / Accumulated Losses

Presentation and Disclosure of Debit Entries During the Period

O4.08PER.PD.WP

To verify the completeness, accuracy, timing, and authorization of transactions affecting retained earnings or accumulated losses, ensuring proper recognition, calculation, and compliance with financial reporting and disclosure requirements.

Retained Earnings / Accumulated Losses

Accuracy of Closing Balance At End of Period

O4.08PER.A.WP

Objective for Substantive Audit Procedures – Retained Earnings / Accumulated Losses (Credit Side)Ensure retained earnings or accumulated losses are accurately calculated, completely recorded, and properly presented and disclosed, including prior-period adjustments, appropriations, and compliance with relevant accounting and disclosure requirements.

Retained Earnings / Accumulated Losses

Completeness of Closing Balance At End of Period

O4.08PER.C.WP

Objective for Substantive Audit Procedures – Retained Earnings / Accumulated Losses (Credit Side)Ensure retained earnings or accumulated losses are accurately calculated, completely recorded, and properly presented and disclosed, including prior-period adjustments, appropriations, and compliance with relevant accounting and disclosure requirements.

Retained Earnings / Accumulated Losses

Presentation and Disclosure of Closing Balance At End of Period

O4.08PER.PD.WP

Objective for Substantive Audit Procedures – Retained Earnings / Accumulated Losses (Credit Side)Ensure retained earnings or accumulated losses are accurately calculated, completely recorded, and properly presented and disclosed, including prior-period adjustments, appropriations, and compliance with relevant accounting and disclosure requirements.

Retained Earnings / Accumulated Losses

Accuracy  of Closing Balance At End of Period

O4.08END.A.WP

To ensure retained earnings/accumulated losses are complete, accurately calculated, properly recorded, and disclosed, reflecting all movements, adjustments, and restrictions in compliance with financial reporting requirements.

Retained Earnings / Accumulated Losses

Completeness of Closing Balance At End of Period

O4.08END.C.WP

To ensure retained earnings/accumulated losses are complete, accurately calculated, properly recorded, and disclosed, reflecting all movements, adjustments, and restrictions in compliance with financial reporting requirements.

Retained Earnings / Accumulated Losses

Presentation and Disclosure of Closing Balance At End of Period

O4.08END.PD.WP

To ensure retained earnings/accumulated losses are complete, accurately calculated, properly recorded, and disclosed, reflecting all movements, adjustments, and restrictions in compliance with financial reporting requirements.

Retention Payables

Completeness of Debit Entries During the Period

L4.09PER.C.WP

To ensure retention payables are complete, accurately valued, properly classified, recorded in accordance with contract terms, and adequately disclosed in compliance with reporting standards.

Retention Payables

Presentation and Disclosure of Debit Entries During the Period

L4.09PER.PD.WP

To ensure retention payables are complete, accurately valued, properly classified, recorded in accordance with contract terms, and adequately disclosed in compliance with reporting standards.

Retention Payables

Valuation and Allocation of Debit Entries During the Period

L4.09PER.VA.WP

To ensure retention payables are complete, accurately valued, properly classified, recorded in accordance with contract terms, and adequately disclosed in compliance with reporting standards.

Retention Payables

Completeness of Closing Balance At End of Period

L4.09PER.C.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for retention payables by verifying contractual terms, supporting documents, cut-off adjustments, and compliance with classification and disclosure requirements.

Retention Payables

Presentation and Disclosure  of Closing Balance At End of Period

L4.09PER.PD.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for retention payables by verifying contractual terms, supporting documents, cut-off adjustments, and compliance with classification and disclosure requirements.

Retention Payables

Valuation and Allocation of Closing Balance At End of Period

L4.09PER.VA.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for retention payables by verifying contractual terms, supporting documents, cut-off adjustments, and compliance with classification and disclosure requirements.

Retention Payables

Completeness of Closing Balance At End of Period

L4.09END.C.WP

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of retention payables by verifying contract terms, payment records, and compliance with recognition and disclosure requirements under HKFRS for Private Entities.

Retention Payables

Presentation and Disclosure of Closing Balance At End of Period

L4.09END.PD.WP

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of retention payables by verifying contract terms, payment records, and compliance with recognition and disclosure requirements under HKFRS for Private Entities.

Retention Payables

Valuation and Allocation of Closing Balance At End of Period

L4.09END.VA.WP

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of retention payables by verifying contract terms, payment records, and compliance with recognition and disclosure requirements under HKFRS for Private Entities.

Retention Receivables

Completeness of Debit Entries During the Period

J4.11PER.C.WP

To ensure retention receivables are genuine, recoverable, accurately valued, supported by fulfilled performance obligations, and properly recorded in the correct period, addressing risks in valuation, rights, and completeness.

Retention Receivables

Rights and Obligations of Debit Entries During the Period

J4.11PER.RO.WP

To ensure retention receivables are genuine, recoverable, accurately valued, supported by fulfilled performance obligations, and properly recorded in the correct period, addressing risks in valuation, rights, and completeness.

Retention Receivables

Valuation and Allocation of Debit Entries During the Period

J4.11PER.VA.WP

To ensure retention receivables are genuine, recoverable, accurately valued, supported by fulfilled performance obligations, and properly recorded in the correct period, addressing risks in valuation, rights, and completeness.

Retention Receivables

Completeness of Closing Balance At End of Period

J4.11PER.C.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for retention receivables by verifying settlements, impairments, cut-off adjustments, and compliance with contractual terms and disclosure requirements.

Retention Receivables

Rights and Obligations of Closing Balance At End of Period

J4.11PER.RO.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for retention receivables by verifying settlements, impairments, cut-off adjustments, and compliance with contractual terms and disclosure requirements.

Retention Receivables

Valuation and Allocation of Closing Balance At End of Period

J4.11PER.VA.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for retention receivables by verifying settlements, impairments, cut-off adjustments, and compliance with contractual terms and disclosure requirements.

Retention Receivables

Presentation and Disclosure of Closing Balance At End of Period

J4.11END.PD.WP

To verify the existence, valuation, enforceability, recoverability, classification, and disclosure of retention receivables by reviewing schedules, contracts, subsequent settlements, and financial statement disclosures.

Retention Receivables

Rights and Obligations of Closing Balance At End of Period

J4.11END.RO.WP

To verify the existence, valuation, enforceability, recoverability, classification, and disclosure of retention receivables by reviewing schedules, contracts, subsequent settlements, and financial statement disclosures.

Retention Receivables

Valuation and Allocation of Closing Balance At End of Period

J4.11END.VA.WP

To verify the existence, valuation, enforceability, recoverability, classification, and disclosure of retention receivables by reviewing schedules, contracts, subsequent settlements, and financial statement disclosures.

Revaluation Reserve

Accuracy of Debit Entries During the Period

O4.02PER.A.WP

To verify the completeness, accuracy, authorization, and proper timing of revaluation reserve adjustments, ensuring compliance with financial reporting and disclosure requirements in the financial statements.

Revaluation Reserve

Completeness of Debit Entries During the Period

O4.02PER.C.WP

To verify the completeness, accuracy, authorization, and proper timing of revaluation reserve adjustments, ensuring compliance with financial reporting and disclosure requirements in the financial statements.

Revaluation Reserve

Presentation and Disclosure of Debit Entries During the Period

O4.02PER.PD.WP

To verify the completeness, accuracy, authorization, and proper timing of revaluation reserve adjustments, ensuring compliance with financial reporting and disclosure requirements in the financial statements.

Revaluation Reserve

Accuracy of Closing Balance At End of Period

O4.02PER.A.WP

Objective for Substantive Audit Procedures – Revaluation Reserve (Credit Side)Ensure the revaluation reserve is accurately calculated, completely recorded, and properly presented and disclosed, including fair value adjustments, movements, and compliance with legal and reporting requirements.

Revaluation Reserve

Completeness of Closing Balance At End of Period

O4.02PER.C.WP

Objective for Substantive Audit Procedures – Revaluation Reserve (Credit Side)Ensure the revaluation reserve is accurately calculated, completely recorded, and properly presented and disclosed, including fair value adjustments, movements, and compliance with legal and reporting requirements.

Revaluation Reserve

Presentation and Disclosure of Closing Balance At End of Period

O4.02PER.PD.WP

Objective for Substantive Audit Procedures – Revaluation Reserve (Credit Side)Ensure the revaluation reserve is accurately calculated, completely recorded, and properly presented and disclosed, including fair value adjustments, movements, and compliance with legal and reporting requirements.

Revaluation Reserve

Accuracy  of Closing Balance At End of Period

O4.02END.A.WP

To ensure the revaluation reserve is complete, accurately calculated, properly recorded, and disclosed, reflecting fair value adjustments and related movements in compliance with financial reporting and statutory requirements.

Revaluation Reserve

Completeness of Closing Balance At End of Period

O4.02END.C.WP

To ensure the revaluation reserve is complete, accurately calculated, properly recorded, and disclosed, reflecting fair value adjustments and related movements in compliance with financial reporting and statutory requirements.

Revaluation Reserve

Presentation and Disclosure of Closing Balance At End of Period

O4.02END.PD.WP

To ensure the revaluation reserve is complete, accurately calculated, properly recorded, and disclosed, reflecting fair value adjustments and related movements in compliance with financial reporting and statutory requirements.

Revenue – Revenue Sub-Category

Accuracy of Credit P&L Entries During the Period

R4.01APER.A.WP

Objective of the Audit Working Paper To ensure revenue is valid, accurately calculated, recognized in the correct period, properly classified, and adequately disclosed, addressing risks of overstatement in the financial statements.

Revenue – Revenue Sub-Category

Accuracy of Credit P&L Entries During the Period

R4.01BPER.A.WP

Objective of the Audit Working Paper To ensure revenue is valid, accurately calculated, recognized in the correct period, properly classified, and adequately disclosed, addressing risks of overstatement in the financial statements.

Revenue – Revenue Sub-Category

Cut-off of Credit P&L Entries During the Period

R4.01APER.CO.WP

Objective of the Audit Working Paper To ensure revenue is valid, accurately calculated, recognized in the correct period, properly classified, and adequately disclosed, addressing risks of overstatement in the financial statements.

Revenue – Revenue Sub-Category

Cut-off of Credit P&L Entries During the Period

R4.01BPER.CO.WP

Objective of the Audit Working Paper To ensure revenue is valid, accurately calculated, recognized in the correct period, properly classified, and adequately disclosed, addressing risks of overstatement in the financial statements.

Revenue – Revenue Sub-Category

Occurrence  of Credit P&L Entries During the Period

R4.01APER.O.WP

Objective of the Audit Working Paper To ensure revenue is valid, accurately calculated, recognized in the correct period, properly classified, and adequately disclosed, addressing risks of overstatement in the financial statements.

Revenue – Revenue Sub-Category

Occurrence  of Credit P&L Entries During the Period

R4.01BPER.O.WP

Objective of the Audit Working Paper To ensure revenue is valid, accurately calculated, recognized in the correct period, properly classified, and adequately disclosed, addressing risks of overstatement in the financial statements.

Right-of-Use Assets

Completeness of Debit Entries During the Period

F4.02PER.C.WP

To ensure ROU assets are accurately measured, properly recognized, valued, and disclosed in compliance with applicable standards, addressing risks of misstatement in valuation, completeness, and disclosure.

Right-of-Use Assets

Presentation and Disclosure of Debit Entries During the Period

F4.02PER.PD.WP

To ensure ROU assets are accurately measured, properly recognized, valued, and disclosed in compliance with applicable standards, addressing risks of misstatement in valuation, completeness, and disclosure.

Right-of-Use Assets

Valuation and Allocation of Debit Entries During the Period

F4.02PER.VA.WP

To ensure ROU assets are accurately measured, properly recognized, valued, and disclosed in compliance with applicable standards, addressing risks of misstatement in valuation, completeness, and disclosure.

Right-of-Use Assets

Completeness of Closing Balance At End of Period

F4.02PER.C.WP

To ensure the completeness, accuracy, and proper valuation of credit side entries for ROU assets by verifying lease modifications, depreciation, and impairment adjustments are correctly recorded and supported by reliable evidence.

Right-of-Use Assets

Presentation and Disclosure  of Closing Balance At End of Period

F4.02PER.PD.WP

To ensure the completeness, accuracy, and proper valuation of credit side entries for ROU assets by verifying lease modifications, depreciation, and impairment adjustments are correctly recorded and supported by reliable evidence.

Right-of-Use Assets

Valuation and Allocation of Closing Balance At End of Period

F4.02PER.VA.WP

To ensure the completeness, accuracy, and proper valuation of credit side entries for ROU assets by verifying lease modifications, depreciation, and impairment adjustments are correctly recorded and supported by reliable evidence.

Right-of-Use Assets

Completeness of Closing Balance At End of Period

F4.02END.C.WP

To verify the valuation, classification, depreciation, and disclosure of right-of-use assets by inspecting lease agreements, recalculating balances, and ensuring compliance with financial reporting requirements.

Right-of-Use Assets

Presentation and Disclosure of Closing Balance At End of Period

F4.02END.PD.WP

To verify the valuation, classification, depreciation, and disclosure of right-of-use assets by inspecting lease agreements, recalculating balances, and ensuring compliance with financial reporting requirements.

Right-of-Use Assets

Valuation and Allocation of Closing Balance At End of Period

F4.02END.VA.WP

To verify the valuation, classification, depreciation, and disclosure of right-of-use assets by inspecting lease agreements, recalculating balances, and ensuring compliance with financial reporting requirements.

Share Capital

Completeness of Debit Entries During the Period

O4.09PER.C.WP

To verify the occurrence, completeness, classification, and timing of share capital transactions, ensuring proper authorization, recording, and compliance with financial reporting and disclosure requirements.

Share Capital

Occurrence of Debit Entries During the Period

O4.09PER.O.WP

To verify the occurrence, completeness, classification, and timing of share capital transactions, ensuring proper authorization, recording, and compliance with financial reporting and disclosure requirements.

Share Capital

Presentation and Disclosure of Debit Entries During the Period

O4.09PER.PD.WP

To verify the occurrence, completeness, classification, and timing of share capital transactions, ensuring proper authorization, recording, and compliance with financial reporting and disclosure requirements.

Share Capital

Accuracy of Closing Balance At End of Period

O4.09PER.A.WP

Objective for Substantive Audit Procedures – Share Capital (Credit Side)Ensure share capital is accurately recorded, completely accounted for, and properly presented and disclosed, including all transactions, movements, authorizations, and compliance with accounting and regulatory requirements.

Share Capital

Occurrence of Closing Balance At End of Period

O4.09PER.O.WP

Objective for Substantive Audit Procedures – Share Capital (Credit Side)Ensure share capital is accurately recorded, completely accounted for, and properly presented and disclosed, including all transactions, movements, authorizations, and compliance with accounting and regulatory requirements.

Share Capital

Presentation and Disclosure of Closing Balance At End of Period

O4.09PER.PD.WP

Objective for Substantive Audit Procedures – Share Capital (Credit Side)Ensure share capital is accurately recorded, completely accounted for, and properly presented and disclosed, including all transactions, movements, authorizations, and compliance with accounting and regulatory requirements.

Share Capital

Accuracy  of Closing Balance At End of Period

O4.09END.A.WP

To ensure share capital is complete, accurately calculated, properly recorded, and disclosed, reflecting all issuances, allocations, and movements in compliance with legal and financial reporting requirements.

Share Capital

Completeness of Closing Balance At End of Period

O4.09END.C.WP

To ensure share capital is complete, accurately calculated, properly recorded, and disclosed, reflecting all issuances, allocations, and movements in compliance with legal and financial reporting requirements.

Share Capital

Presentation and Disclosure of Closing Balance At End of Period

O4.09END.PD.WP

To ensure share capital is complete, accurately calculated, properly recorded, and disclosed, reflecting all issuances, allocations, and movements in compliance with legal and financial reporting requirements.

Share of profits / loss of associates

Accuracy of Debit P&L Entries During the Period

G4.10PER.A.WP

To verify the accuracy, occurrence, and cut-off of the share of profits/loss of associates by recalculating amounts, confirming adjustments for policy alignment, and ensuring recognition aligns with reporting periods.

Share of profits / loss of associates

Cut-off of Debit P&L Entries During the Period

G4.10PER.CO.WP

To verify the accuracy, occurrence, and cut-off of the share of profits/loss of associates by recalculating amounts, confirming adjustments for policy alignment, and ensuring recognition aligns with reporting periods.

Share of profits / loss of associates

Occurrence of Debit P&L Entries During the Period

G4.10PER.O.WP

To verify the accuracy, occurrence, and cut-off of the share of profits/loss of associates by recalculating amounts, confirming adjustments for policy alignment, and ensuring recognition aligns with reporting periods.

Share of profits / loss of associates

Accuracy of Credit P&L Entries During the Period

G4.10PER.A.WP

Objective of the Audit Working Paper To ensure the share of profits or losses of associates is valid, accurately calculated, properly classified, and adequately disclosed, addressing risks of overstated profits or understated losses in the financial statements.

Share of profits / loss of associates

Occurrence  of Credit P&L Entries During the Period

G4.10PER.O.WP

Objective of the Audit Working Paper To ensure the share of profits or losses of associates is valid, accurately calculated, properly classified, and adequately disclosed, addressing risks of overstated profits or understated losses in the financial statements.

Share of profits / loss of associates

Presentation & Disclosure of Credit P&L Entries During the Period

G4.10PER.PD.WP

Objective of the Audit Working Paper To ensure the share of profits or losses of associates is valid, accurately calculated, properly classified, and adequately disclosed, addressing risks of overstated profits or understated losses in the financial statements.

Share of profits / loss of joint venture

Accuracy of Debit P&L Entries During the Period

G4.11PER.A.WP

To verify the accuracy, occurrence, and cut-off of the share of profits/loss of joint ventures by recalculating amounts, confirming adjustments for policy alignment, and ensuring recognition aligns with reporting periods.

Share of profits / loss of joint venture

Cut-off of Debit P&L Entries During the Period

G4.11PER.CO.WP

To verify the accuracy, occurrence, and cut-off of the share of profits/loss of joint ventures by recalculating amounts, confirming adjustments for policy alignment, and ensuring recognition aligns with reporting periods.

Share of profits / loss of joint venture

Occurrence of Debit P&L Entries During the Period

G4.11PER.O.WP

To verify the accuracy, occurrence, and cut-off of the share of profits/loss of joint ventures by recalculating amounts, confirming adjustments for policy alignment, and ensuring recognition aligns with reporting periods.

Share of profits / loss of joint venture

Accuracy of Credit P&L Entries During the Period

G4.11PER.A.WP

Objective of the Audit Working Paper To ensure the share of profits or losses of the joint venture is valid, accurately calculated, properly classified, and adequately disclosed, addressing risks of overstated profits or understated losses in the financial statements.

Share of profits / loss of joint venture

Occurrence  of Credit P&L Entries During the Period

G4.11PER.O.WP

Objective of the Audit Working Paper To ensure the share of profits or losses of the joint venture is valid, accurately calculated, properly classified, and adequately disclosed, addressing risks of overstated profits or understated losses in the financial statements.

Share of profits / loss of joint venture

Presentation & Disclosure of Credit P&L Entries During the Period

G4.11PER.PD.WP

Objective of the Audit Working Paper To ensure the share of profits or losses of the joint venture is valid, accurately calculated, properly classified, and adequately disclosed, addressing risks of overstated profits or understated losses in the financial statements.

Share Option Reserve

Accuracy of Debit Entries During the Period

O4.06PER.C.WP

To verify the completeness, accuracy, timing, and authorization of share-based payment transactions, ensuring proper valuation, classification, and compliance with financial reporting and disclosure requirements.

Share Option Reserve

Completeness of Debit Entries During the Period

O4.06PER.C.WP

To verify the completeness, accuracy, timing, and authorization of share-based payment transactions, ensuring proper valuation, classification, and compliance with financial reporting and disclosure requirements.

Share Option Reserve

Presentation and Disclosure of Debit Entries During the Period

O4.06PER.PD.WP

To verify the completeness, accuracy, timing, and authorization of share-based payment transactions, ensuring proper valuation, classification, and compliance with financial reporting and disclosure requirements.

Share Option Reserve

Accuracy of Closing Balance At End of Period

O4.06PER.A.WP

Objective for Substantive Audit Procedures – Share Option Reserve (Credit Side)Ensure the share option reserve is accurately calculated, completely recorded, and properly presented and disclosed, including valuation, vesting allocations, movements, and compliance with accounting and disclosure requirements.

Share Option Reserve

Completeness of Closing Balance At End of Period

O4.06PER.C.WP

Objective for Substantive Audit Procedures – Share Option Reserve (Credit Side)Ensure the share option reserve is accurately calculated, completely recorded, and properly presented and disclosed, including valuation, vesting allocations, movements, and compliance with accounting and disclosure requirements.

Share Option Reserve

Presentation and Disclosure of Closing Balance At End of Period

O4.06PER.PD.WP

Objective for Substantive Audit Procedures – Share Option Reserve (Credit Side)Ensure the share option reserve is accurately calculated, completely recorded, and properly presented and disclosed, including valuation, vesting allocations, movements, and compliance with accounting and disclosure requirements.

Share Option Reserve

Accuracy  of Closing Balance At End of Period

O4.06END.A.WP

To ensure the share option reserve is complete, accurately calculated, properly recorded, and disclosed, reflecting all share-based payment transactions and movements in compliance with financial reporting requirements.

Share Option Reserve

Completeness of Closing Balance At End of Period

O4.06END.C.WP

To ensure the share option reserve is complete, accurately calculated, properly recorded, and disclosed, reflecting all share-based payment transactions and movements in compliance with financial reporting requirements.

Share Option Reserve

Presentation and Disclosure of Closing Balance At End of Period

O4.06END.PD.WP

To ensure the share option reserve is complete, accurately calculated, properly recorded, and disclosed, reflecting all share-based payment transactions and movements in compliance with financial reporting requirements.

Share Premium

Accuracy of Debit Entries During the Period

O4.01PER.A.WP

To verify the completeness, accuracy, authorization, and proper timing of share premium transactions, and ensure compliance with classification and disclosure requirements in the financial statements.

Share Premium

Completeness of Debit Entries During the Period

O4.01PER.C.WP

To verify the completeness, accuracy, authorization, and proper timing of share premium transactions, and ensure compliance with classification and disclosure requirements in the financial statements.

Share Premium

Presentation and Disclosure of Debit Entries During the Period

O4.01PER.PD.WP

To verify the completeness, accuracy, authorization, and proper timing of share premium transactions, and ensure compliance with classification and disclosure requirements in the financial statements.

Share Premium

Accuracy of Closing Balance At End of Period

O4.01PER.A.WP

Objective for Substantive Audit Procedures – Share Premium (Credit Side)Ensure that share premium is accurately calculated, completely recorded, and properly presented and disclosed, including compliance with legal requirements, accurate classification, and disclosure of movements and restrictions.

Share Premium

Occurrence of Closing Balance At End of Period

O4.01PER.O.WP

Objective for Substantive Audit Procedures – Share Premium (Credit Side)Ensure that share premium is accurately calculated, completely recorded, and properly presented and disclosed, including compliance with legal requirements, accurate classification, and disclosure of movements and restrictions.

Share Premium

Presentation and Disclosure of Closing Balance At End of Period

O4.01PER.PD.WP

Objective for Substantive Audit Procedures – Share Premium (Credit Side)Ensure that share premium is accurately calculated, completely recorded, and properly presented and disclosed, including compliance with legal requirements, accurate classification, and disclosure of movements and restrictions.

Share Premium

Accuracy  of Closing Balance At End of Period

O4.01END.A.WP

To ensure the share premium account is complete, accurately calculated, properly recorded, and disclosed, reflecting all share issuance transactions and movements in compliance with financial reporting and statutory requirements.

Share Premium

Completeness of Closing Balance At End of Period

O4.01END.C.WP

To ensure the share premium account is complete, accurately calculated, properly recorded, and disclosed, reflecting all share issuance transactions and movements in compliance with financial reporting and statutory requirements.

Share Premium

Presentation and Disclosure of Closing Balance At End of Period

O4.01END.PD.WP

To ensure the share premium account is complete, accurately calculated, properly recorded, and disclosed, reflecting all share issuance transactions and movements in compliance with financial reporting and statutory requirements.

Share-based payment expenses

Accuracy of Debit P&L Entries During the Period

Q4.04PER.A.WP

To verify the accuracy, completeness, and classification of share-based payment expenses by recalculating amounts, inspecting grant documentation, reviewing subsequent events, and ensuring proper presentation and disclosure in the financial statements.

Share-based payment expenses

Completeness of Debit P&L Entries During the Period

Q4.04PER.C.WP

To verify the accuracy, completeness, and classification of share-based payment expenses by recalculating amounts, inspecting grant documentation, reviewing subsequent events, and ensuring proper presentation and disclosure in the financial statements.

Share-based payment expenses

Presentation & Disclosure of Debit P&L Entries During the Period

Q4.04PER.PD.WP

To verify the accuracy, completeness, and classification of share-based payment expenses by recalculating amounts, inspecting grant documentation, reviewing subsequent events, and ensuring proper presentation and disclosure in the financial statements.

Tax payable

Completeness of Debit Entries During the Period

P4.03PER.C.WP

To ensure tax payable is complete, accurately valued, properly classified, timely recorded, and adequately disclosed, including taxable income, adjustments, and contingent liabilities, in compliance with reporting standards.

Tax payable

Presentation and Disclosure of Debit Entries During the Period

P4.03PER.PD.WP

To ensure tax payable is complete, accurately valued, properly classified, timely recorded, and adequately disclosed, including taxable income, adjustments, and contingent liabilities, in compliance with reporting standards.

Tax payable

Valuation and Allocation of Debit Entries During the Period

P4.03PER.VA.WP

To ensure tax payable is complete, accurately valued, properly classified, timely recorded, and adequately disclosed, including taxable income, adjustments, and contingent liabilities, in compliance with reporting standards.

Tax payable

Completeness of Closing Balance At End of Period

P4.03PER.C.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for tax payable by verifying tax computations, correspondence, cut-off adjustments, and compliance with classification and disclosure requirements.

Tax payable

Presentation and Disclosure  of Closing Balance At End of Period

P4.03PER.PD.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for tax payable by verifying tax computations, correspondence, cut-off adjustments, and compliance with classification and disclosure requirements.

Tax payable

Valuation and Allocation of Closing Balance At End of Period

P4.03PER.VA.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for tax payable by verifying tax computations, correspondence, cut-off adjustments, and compliance with classification and disclosure requirements.

Tax payable

Completeness of Closing Balance At End of Period

P4.03END.C.WP

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of tax payable by verifying tax computations, recalculations, assessments, and compliance with recognition and disclosure requirements under HKFRS for Private Entities.

Tax payable

Presentation and Disclosure of Closing Balance At End of Period

P4.03END.PD.WP

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of tax payable by verifying tax computations, recalculations, assessments, and compliance with recognition and disclosure requirements under HKFRS for Private Entities.

Tax payable

Valuation and Allocation of Closing Balance At End of Period

P4.03END.VA.WP

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of tax payable by verifying tax computations, recalculations, assessments, and compliance with recognition and disclosure requirements under HKFRS for Private Entities.

Trade payables

Completeness of Debit Entries During the Period

L4.01PER.C.WP

To ensure trade payables are complete, exist, accurately valued, recorded in the correct period, and appropriately disclosed, addressing risks in completeness, existence, and valuation and allocation.

Trade payables

Existence of Debit Entries During the Period

L4.01PER.E.WP

To ensure trade payables are complete, exist, accurately valued, recorded in the correct period, and appropriately disclosed, addressing risks in completeness, existence, and valuation and allocation.

Trade payables

Valuation and Allocation of Debit Entries During the Period

L4.01PER.VA.WP

To ensure trade payables are complete, exist, accurately valued, recorded in the correct period, and appropriately disclosed, addressing risks in completeness, existence, and valuation and allocation.

Trade payables

Completeness of Closing Balance At End of Period

L4.01PER.C.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for trade payables by verifying purchases, adjustments, reconciliations, cut-off tests, and compliance with reporting and disclosure requirements.

Trade payables

Presentation and Disclosure  of Closing Balance At End of Period

L4.01PER.PD.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for trade payables by verifying purchases, adjustments, reconciliations, cut-off tests, and compliance with reporting and disclosure requirements.

Trade payables

Valuation and Allocation of Closing Balance At End of Period

L4.01PER.VA.WP

To ensure the accuracy, completeness, and proper recording of credit side entries for trade payables by verifying purchases, adjustments, reconciliations, cut-off tests, and compliance with reporting and disclosure requirements.

Trade payables

Completeness of Closing Balance At End of Period

L4.01END.C.WP

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of other payables by verifying supporting documents, identifying unrecorded liabilities, and assessing compliance with recognition and disclosure requirements under HKFRS for Private Entities.

Trade payables

Presentation and Disclosure of Closing Balance At End of Period

L4.01END.PD.WP

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of other payables by verifying supporting documents, identifying unrecorded liabilities, and assessing compliance with recognition and disclosure requirements under HKFRS for Private Entities.

Trade payables

Valuation and Allocation of Closing Balance At End of Period

L4.01END.VA.WP

To ensure the completeness, accuracy, proper valuation, classification, and disclosure of other payables by verifying supporting documents, identifying unrecorded liabilities, and assessing compliance with recognition and disclosure requirements under HKFRS for Private Entities.

Trade receivables

Completeness of Debit Entries During the Period

J4.02PER.C.WP

To ensure trade receivables are genuine, accurately valued, exist, and are recorded in the correct period, addressing risks of misstatement in valuation, existence, and completeness.

Trade receivables

Existence of Debit Entries During the Period

J4.02PER.E.WP

To ensure trade receivables are genuine, accurately valued, exist, and are recorded in the correct period, addressing risks of misstatement in valuation, existence, and completeness.

Trade receivables

Valuation and Allocation of Debit Entries During the Period

J4.02PER.VA.WP

To ensure trade receivables are genuine, accurately valued, exist, and are recorded in the correct period, addressing risks of misstatement in valuation, existence, and completeness.

Trade receivables

Completeness of Closing Balance At End of Period

J4.02PER.C.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for trade receivables by verifying cash collections, credit notes, ECL adjustments, cut-off, and compliance with disclosure requirements.

Trade receivables

Presentation and Disclosure  of Closing Balance At End of Period

J4.02PER.PD.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for trade receivables by verifying cash collections, credit notes, ECL adjustments, cut-off, and compliance with disclosure requirements.

Trade receivables

Valuation and Allocation of Closing Balance At End of Period

J4.02PER.VA.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for trade receivables by verifying cash collections, credit notes, ECL adjustments, cut-off, and compliance with disclosure requirements.

Trade receivables

Completeness of Closing Balance At End of Period

J4.02END.C.WP

To verify the existence, valuation, accuracy, and completeness of trade receivables by reviewing aged reports, supporting documents, subsequent cash receipts, customer confirmations, and compliance with financial reporting requirements.

Trade receivables

Existence of Closing Balance At End of Period

J4.02END.E.WP

To verify the existence, valuation, accuracy, and completeness of trade receivables by reviewing aged reports, supporting documents, subsequent cash receipts, customer confirmations, and compliance with financial reporting requirements.

Trade receivables

Valuation and Allocation of Closing Balance At End of Period

J4.02END.VA.WP

To verify the existence, valuation, accuracy, and completeness of trade receivables by reviewing aged reports, supporting documents, subsequent cash receipts, customer confirmations, and compliance with financial reporting requirements.

Trading Securities, or other financial assets

Existence of Debit Entries During the Period

H4.03PER.E.WP

To ensure trading securities or other financial assets are accurately valued, exist, are owned by the entity, and are properly disclosed, addressing risks of misstatement in valuation, existence, and compliance with disclosure requirements.

Trading Securities, or other financial assets

Presentation and Disclosure of Debit Entries During the Period

H4.03PER.PD.WP

To ensure trading securities or other financial assets are accurately valued, exist, are owned by the entity, and are properly disclosed, addressing risks of misstatement in valuation, existence, and compliance with disclosure requirements.

Trading Securities, or other financial assets

Valuation and Allocation of Debit Entries During the Period

H4.03PER.VA.WP

To ensure trading securities or other financial assets are accurately valued, exist, are owned by the entity, and are properly disclosed, addressing risks of misstatement in valuation, existence, and compliance with disclosure requirements.

Trading Securities, or other financial assets

Completeness of Closing Balance At End of Period

H4.03PER.C.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for trading securities or financial assets by verifying disposals, fair value adjustments, impairments, and compliance with disclosure requirements.

Trading Securities, or other financial assets

Presentation and Disclosure  of Closing Balance At End of Period

H4.03PER.PD.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for trading securities or financial assets by verifying disposals, fair value adjustments, impairments, and compliance with disclosure requirements.

Trading Securities, or other financial assets

Valuation and Allocation of Closing Balance At End of Period

H4.03PER.VA.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for trading securities or financial assets by verifying disposals, fair value adjustments, impairments, and compliance with disclosure requirements.

Trading Securities, or other financial assets

Completeness of Closing Balance At End of Period

H4.03END.C.WP

To verify the existence, valuation, classification, and disclosure of trading securities or other financial assets by reviewing portfolio records, external statements, valuation methods, and compliance with financial reporting requirements.

Trading Securities, or other financial assets

Presentation and Disclosure of Closing Balance At End of Period

H4.03END.PD.WP

To verify the existence, valuation, classification, and disclosure of trading securities or other financial assets by reviewing portfolio records, external statements, valuation methods, and compliance with financial reporting requirements.

Trading Securities, or other financial assets

Valuation and Allocation of Closing Balance At End of Period

H4.03END.VA.WP

To verify the existence, valuation, classification, and disclosure of trading securities or other financial assets by reviewing portfolio records, external statements, valuation methods, and compliance with financial reporting requirements.

Work-in-progress

Completeness of Debit Entries During the Period

I4.02PER.C.WP

To ensure work-in-progress is accurately recorded, physically exists, properly valued at the lower of cost and net realizable value, and is complete, addressing risks of misstatement in valuation, existence, and completeness.

Work-in-progress

Existence of Debit Entries During the Period

I4.02PER.E.WP

To ensure work-in-progress is accurately recorded, physically exists, properly valued at the lower of cost and net realizable value, and is complete, addressing risks of misstatement in valuation, existence, and completeness.

Work-in-progress

Valuation and Allocation of Debit Entries During the Period

I4.02PER.VA.WP

To ensure work-in-progress is accurately recorded, physically exists, properly valued at the lower of cost and net realizable value, and is complete, addressing risks of misstatement in valuation, existence, and completeness.

Work-in-progress

Completeness of Closing Balance At End of Period

I4.02PER.C.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for work-in-progress by verifying cost allocation, NRV write-downs, cut-off adjustments, and compliance with disclosure requirements.

Work-in-progress

Presentation and Disclosure  of Closing Balance At End of Period

I4.02PER.PD.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for work-in-progress by verifying cost allocation, NRV write-downs, cut-off adjustments, and compliance with disclosure requirements.

Work-in-progress

Valuation and Allocation of Closing Balance At End of Period

I4.02PER.VA.WP

To ensure the accuracy, completeness, and proper valuation of credit side entries for work-in-progress by verifying cost allocation, NRV write-downs, cut-off adjustments, and compliance with disclosure requirements.

Work-in-progress

Completeness of Closing Balance At End of Period

I4.02END.C.WP

To verify the existence, valuation, completeness, and accuracy of work-in-progress by reviewing production records, cost allocations, NRV comparisons, physical observations, and compliance with financial reporting requirements.

Work-in-progress

Existence of Closing Balance At End of Period

I4.02END.E.WP

To verify the existence, valuation, completeness, and accuracy of work-in-progress by reviewing production records, cost allocations, NRV comparisons, physical observations, and compliance with financial reporting requirements.

Work-in-progress

Valuation and Allocation of Closing Balance At End of Period

I4.02END.VA.WP

To verify the existence, valuation, completeness, and accuracy of work-in-progress by reviewing production records, cost allocations, NRV comparisons, physical observations, and compliance with financial reporting requirements.