Appendix C
AUDIT STAFF HOURS – ESTIMATE AND ACTUAL ©
To:
RSM Chio Lim LLP, 8 Wilkie Road, #03-08 Wilkie Edge, Singapore 228095
Attention: Adrian Tan Khai-Chung
Name of component: STS Sports Turf Solutions Co., Ltd
Name of investor: Sports Turf Solutions Pte Ltd
Year End: 31 December 2015
[Please complete the following table or attach the form used by your office for the Audit Staff Hours by Area]
Audit Staff Hours By Area Prior-year
Actual Current-year
Estimate Current-year
Actual
Planning and administration
Financial reporting
Meetings with client
Understanding Internal controls
Testing internal control for reliance
Subsequent events
Management letter
Intangible fixed assets (non-current)
Tangible fixed assets (non-current) (PPE)
Fixed asset investments (non-current)
Related companies/related parties
Inventories / Contract Balances
Physical inventory observation program
Trade receivables
Other receivables and prepayments
Current asset investments
Cash and bank
Notes payable and long-term debt
Trade payables
Other payables and accruals
Income tax
Provision for liabilities and charges
Equity and statutory records
Revenue
Costs of sales / Expenses
Consolidations pre-planning and planning
Consolidation working papers
Partner / Manager review time
Total hours
The Singapore Inspection Authority (ACRA) indicates factors in making such assignments to staff members: • Capabilities • Competence and that ACRA does not consider the practice of allocating juniors to higher-risk areas to be acceptable. If junior staff members are used please document that their work was carefully directed and supervised.
Signature: Date:
Name:
Firm name and address: