RoboAuditor Input Form

Please fill up the form below.

- Step 1 of 4

REPORT USER INFORMATION

Name *

First

Last

Designation *

Organisation *

Email Address *

Mobile Phone *

AUDIT TARGET INFORMATION

Company Name *

Industry

If choosen Others, please specify the industry / sector of the company.

Specify Industry *

If choosen Others, please specify the industry / sector of the company.

Country of Origin *

Company Registration Number *

Currency *

REQUIRED INPUTS IN NEXT STEPS

I. QUANTITATIVE DATA (Upload files)

- Financial Statements (2 years)
- General Ledger (2 years)
- Trial Balance (2 years)
- Latest Audited Reports
File types: xlsx, xls, csv, xml, docx, doc | Max file size: 30mb

II. QUALITATIVE DATA (Upload Files & Questionnaires)

A. Upload Third-party Checks
File types: File types: xlsx, xls, csv, xml, docx, doc, pdf. | Max file size: 30mb

B. Answer Risk-Related Questionnaires
1. Entity Background
2. Engagement Risk
3. Industry and Economic Risks
4. Financial Statement Risk
5. Management, Operational, Control Risks

I. QUANTITATIVE DATA

Financial Statements (2 years) *

Click or drag files to this area to upload. You can upload up to 3 files.

Allowed file extensions: .xlsx, .xls, .csv, .xml, .docx, .doc, .pdf, .zip, .rar; max file size: 30mb.

General Ledger (2 years) *

Click or drag files to this area to upload. You can upload up to 10 files.

Allowed file extensions: .xlsx, .xls, .csv, .xml, .docx, .doc, .zip, .rar; max file size: 30mb.

Trial Balance (2 years) *

Click or drag files to this area to upload. You can upload up to 10 files.

Document Required:
- Receivable list (with ageing balance column, if any)
- Payable list (with ageing balance column, if any)
- Inventories list (with ageing balance column, if any)

Allowed file extensions: .xlsx, .xls, .csv, .xml, .docx, .doc, .zip, .rar; max file size: 30mb.

Latest Audited Report(s) *

Click or drag files to this area to upload. You can upload up to 3 files.

Allowed file extensions: .xlsx, .xls, .csv, .xml, .docx, .doc, .pdf, .zip, .rar; max file size: 30mb.

Management Accounts (2 years) *

Click or drag files to this area to upload. You can upload up to 3 files.

Allowed file extensions: .xlsx, .xls, .csv, .xml, .docx, .doc, .pdf, .zip, .rar; max file size: 30mb.

II. QUALITATIVE DATA

Section A. Third Party Checks

Documents Required:
- BizFile (ACRA)
- Artemis Report
- Director Checks from Credit Bureaus
- Credit Reports from Credit Bureaus
- Others

Upload files (3rd-party checks) *

Click or drag files to this area to upload. You can upload up to 10 files.

Documents Required:
- BizFile (ACRA)
- Artemis Report
- Director Checks from Credit Bureaus
- Credit Reports from Credit Bureaus
- Others

Allowed file extensions: .xlsx, .xls, .csv, .xml, .docx, .doc, .pdf, .zip, .rar; max file size: 30mb.

Section B. Answer RA ISCA Questionnaires

How would you prefer to answer the RoboAuditor (RA) ISCA Questionnaires?

A. Upload Questionnaire Answered Template (Download template, fill up offline and upload back to main page)
B. Answer the Questionnaire Online

A. Upload Questionnaire Answered Template (Download template, fill up offline and upload back to main page)

Download Questionnaire Template here Kindly fill up the Questionnaire Template and upload the filled up questionnaire below

Upload your RoboAuditor Filled Questionnaire here. *

Click or drag files to this area to upload. You can upload up to 10 files.

B. Answer the Questionnaire Online

B1. Entity Background Risk

1.1 Is the client 'difficult' and/or is the relationship in decline? *

1.2 Is there any sales commissions or agent fees that seem to be unusually high compared to those typically paid by the entity or in its industry or for services received? *

1.3 Does the entity or TCWG have an adverse media profile? *

1.4 Is there any payments to consultants, related parties, employees or government employees for unspecified services or loans? *

1.5 Does the entity need to file a copy of its financial statements with a trade association or regulator? *

1.6 Has there been any investigations by or fines and/or penalties paid to regulatory organisations and government departments? *

1.7 Were any purchases made significantly above or below market prices? *

1.8 Were there any unusual cash payments, cashiers' checks payable to bearer purchases, or transfers to numbered bank accounts? *

1.9 Were there any unusual transactions with entities incorporated in tax havens or in FATF blacklist countries? *

1.10 Were there any payments for goods or services that were not made to the country from where the goods and services were derived? *

1.11 Were there any payments that did not have adequate exchange control documentation? *

1.12 Were there any new statutory or regulatory requirements during or subsequent to the financial period? *

1.13 Were there any external factors that could have an impact on the expected financial performance (e.g., a prospective listing or bank financing)? *

1.14 Does the entity operate from a substantial number of business locations and/or are its activities diverse in geographical range? *

1.15 Does the entity rely on only a few customers or suppliers? *

1.16 Does the entity rely on only certain products or services? *

1.17 Are there any use of business intermediaries for which the business rationale is not apparent? *

1.18 Is the ownership/organizational structure complex? *

1.19 Are there any indications of an unstable or complex organisational structure (e.g. high turnover of senior management, legal counsel or TCWG; beneficial owner(s) are not easily identified; complex organisational structure that involves unusual legal entities or lines of authority)? *

1.20 Is there ongoing dispute between the shareholders in an entity owned by small group of shareholders (often members of the same family)? *

1.21 During or subsequent to the period, were there any instances of mergers and acquisitions or disposals or management buyout of business activities? *

1.22 Are there any investments in unconsolidated entities, including partnerships, joint ventures and special-purpose entities? *

1.23 Is there any significant operations that are located or carried out across international borders in jurisdictions with different business environments and cultures? *

1.24 Is the entity's capital structure complicated? *

1.25 Are there any possible complications due to the entity's debt structure, which may include any covenants, restrictions, guarantees, or off-balance-sheet financing arrangements? *

1.26 Are there any third-party creditors who are individually significant and has the entity lost any significant vendor during or subsequent to the reporting period? *

1.27 Is there any accounting policy applied by the entity in the preparation of the financial statements that could be the subject of dispute by the tax authorities? *

1.28 Does the enagagement team have reservations about the entity's long term strategy or plan? *

1.29 Will seeking to fulfil the plan's objectives give rise to any risks to the entity? *

1.30 Is there a risk that stakeholders' (TCWG, investment analysts, institutional investors, significant creditors, or shareholders) expectations will not be met (which management may have fostered) regardless of whether the expectations were reasonable? *

1.31 Are the jobs of the directors, management or other employees made safeguarded by the meeting of certain targets? *

1.32 Does management have an interest in manipulating profits to minimise tax or increase profit incentives? *

1.33 Does the entity tend to understate profits to minimise tax liabilities? *

1.34 Does the entity have loan covenants to comply with or need to attract bankers? *

1.35 Are future plans to dispose of the entity contingent upon meeting certain outcomes? *

1.36 Were any agreements or transactions entered into, especially near the end of the year, for which the business rationale is unclear? *

1.37 Is there an intention to dispose of the entity or a cash-generating unit of the entity in the near future? *

1.38 Does the entity have operations in economically unstable regions, or are they exposed to volatile markets (i.e. futures trading), or are they subject to a high degree of complex regulations? *

1.39 Has the entity lost any significant customers? *

1.40 Is the entity seeking entry into new markets, producing or supplying new products or services, or entering new business lines? *

1.41 Did the entity undergo any significant changes, such as sizeable acquisitions, reorganizations, or other extraordinary events? *

1.42 Is there any complex affliations or joint ventures? *

1.43 Are off-balance-sheet financing, special-purpose entities, or other complex financing structures used by the entity? *

1.44 Have regulatory or government bodies made any inquiries into the entity's actvities or financial results? *

1.45 Is the entity facing any pending litigation or does it have contingent liabilites (e.g. sales warranties, financial guarantees or environmental remediation)? *

1.46 Based on information available, are there any indications that the personal financial condition of management or TCWG may be threatened by the entity's financial performance due to any of the following: o Significant financial interests in the entity; o Significant portions of their compensation (for example, bonuses, stock options, and earn-out arrangements) are contingent upon meeting aggressive targets for share price, operating results, financial position, or cash flow; and o Personal guarantees of debts of the entity. *

1.47 Is there any significant bank accounts, subsidiaries, or branches in tax-haven jurisdictions for which there is no clear business rationale? *

1.48 Are there any personal financial commitments that could put pressure on management or employees who have access to cash or other assets susceptible to theft (e.g. inventotry or small assets or stocks) to misappropriate them? *

1.49 Are relationships between the entity and employees with access to cash or other assets susceptible to theft so adversarial that it may compel those employees to misappropriate the assets? For example, adverse relationships may be created by the following: <br> o Pending or expected future employee layoffs; o Recent or expected changes to employee compensation/ benefit plans; and o Promotions, compensation, or other rewards inconsistent with expectations. *

1.50 Do any of the management/ employees exhibit changes in behaviour or lifestyle that may suggest misappropriation of assets? *

1.51 Are there external parties interested in the entity's financial statements? *

1.52 Does the gropu/entity have to provide any third parties with its financial statements? *

1.53 Are there any indications of a strained relationship between management/ TCWG and the incumbent/ predecessor auditor (e.g. frequent disagreements with incumbent/ predecessor auditor on accounting, reporting or audit issues; unreasonable demands made on auditor in relation to audit completion or issuance of auditor's report; restricted access to personnel or information or limits on the auditor's capacity to effectively engage with TCWG; management attempting to influence the scope of the audit work to be carried out or having a preference for certain personnel to be assigned or consulted for the engagement)? *

1.54 Does TCWG put undue pressure on management or employees to meet sales or profitability incentive goals or financial performance indicators? *

1.55 Would the reporting of poor financial results have a negative impact (whether real or anticipated) on imminent business transactions (e.g. business combinations, mergers & acquisitions, disposals, tenders, contract awards)? *

1.56 Is the entity under any unusual financial or reporting pressures internally? *

1.57 Was the entity involved in any unusual or complicated transactions in the past? *

1.58 Does the entity hold a substantial number of assets susceptible to loss or misappropriation? *

1.59 Are there an issues with morale or attitude within the accounting department? *

1.60 Has the turnover of key personnel of the entity such as accounting employees, senior management/executives, or professional advisors been high? *

1.61 Is there any additional information that suggests a risk of material misstatement due to fraud? *

1.62 Were there any transactions that are not in the ordinary course of business for which there was no clear business rationale? *

1.63 Is there any reasonable suspicion that the client's current business relationships have links to money laundering or terrorist financing? *

B2. Engagement Risk

2.1 Is the use of an expert for any complicated issues/ areas not addressed by the engagement team? *

2.2 Are there insufficient specialised knowledge or skills in relation to any aspect of the accounting estimates by the team so as to gather obtain sufficient and appropriate audit evidence? *

2.3 Is the engagment a long-standing one? *

2.4 Do any of the firm's or network firm's employees have financial ties to the entity in relation to any of the following: (a) Beneficial interest in shares or other investments? (b) Beneficial interest in trusts? (c) Trustee investments or nominee shareholdings? (d) Trusteeships in a trust that holds shares in an audit client? *

2.5 Do any of the firm's or network firm's employees have loans or guarantees from or to the client? *

2.6 Are there any outstanding fees for services from the client? *

2.7 Do any of the firm's or network firm's employees have any dealings with the client? *

2.8 Do any of the firm's or network firm's employees have any mutual business interests with the client or with an officer or employee of the client? *

2.9 Do any of the firm's or network firm's employees have any personal or family connections with the client and its officers? *

2.10 Has any of the entity's executives worked as a partner or a senior employee in the firm? *

2.11 Has the partner or other senior audit engagement member joined or engaged in substantial negotiations with the client? *

2.12 Do any of the senior personnel of the firm have a long association with the client? *

2.13 Is the firm or a network firm providing any services related to management of the entity? *

2.14 Does the firm provide accounting services (e.g. preparation of financial statements, bookkeeping or payroll) to the entity? *

2.15 Were any specialised valuations performed by the firm or a network firm incorporated into the accounts? *

2.16 Is the firm or a network firm representing the client in any adversarial proceeding or instances at present (e.g. a hearing before the tax authorities)? *

2.17 Has the firm or a network firm been engaged in any IT system design, provision, or implementation for the entity? *

2.18 Is the firm or a network firm advising the client on tax matters or tax compliance work? *

2.19 Does the firm provide additional services to the client that might jeopardise its objectivity or independence? *

2.20 Do the client's/ group of clients' overall fees contribute to a significant proportion of the firm's overall fees? *

2.21 Are there any contingent fees (i.e. fees are payable by the client only if the outcome is favourable) charged to the client/ group of client? *

2.22 Has any employee of the firm received any material goods or services on favourable terms, or enjoyed excessive hospitality from the client? *

2.23 Is there any current or pending litigation with the client relating to fees, audit work, or other work? *

2.24 Are there any difficulties in establishing the engagement team (and if applicable, the engagement quality control reviewer) or assigning audit tasks to team members, particularly assigning appropriately skilled team members to areas with greater risks of material misstatement? *

2.25 Is there any concern among the engagement team regarding the engagement budget, among other things the appropriate amount of time to allocate to areas with higher risk of material misstatement? *

2.26 Is this an initial audit engagement? *

2.27 Were there any risks identified in the process of carrying out Customer Due Diligence? *

B3. Industry and Economic Risks

3.1 Does the entity operate in a highly competitive or volatile market? *

3.2 Is the entity influenced by seasonal or cyclical factors? *

3.3 Are any products or services at risk of technological obsolescence? *

3.4 Does fashion, demographic trends, or public opinion influence the entity's business? *

3.5 Does the entity face a lot of competition or market saturation, and are the profit margins shrinking? *

3.6 Has the entity been remarkably profitable or seen rapid growth, compared to other companies in the same industry? *

3.7 Is the entity susceptible to rapid changes in technological advancements and obsolescence, or interest rate adjustments? *

3.8 Has there been a major drop in customer demand and an increase in business failures in the industry or the economy as a whole? *

3.9 Does the entity have a significant financial presence or ability to dominate a certain industrial sector that allows it to impose terms or conditions on suppliers or consumers that may give rise inappropriate or non-arm's length transactions? *

3.10 Is the entity in a sector or industry that is likely to be subject to additional regulations? *

3.11 Are there any legislative changes that would affect the entity? *

3.12 Is the entity subject to certain financial thresholds or ratios due to legal or regulatory requirements? *

3.13 Has there been any changes in the industry or supply chain in which the entity operates? *

3.14 Are the results of the entity inconsistent with industry trends for no apparent reason? *

B4. Financial Statement Risk

4.1 Was there a qualification in the auditor's report in any one of the preceding two periods? *

4.2 Did any one of the preceding two periods' auditor's report include a disclaimer of opinion? *

4.3 Are there any events or conditions that, individually or collectively, may cast significant doubt about the going concern assumption? *

4.4 Does management's assessment of the appropriateness of the going concern assumption reveal any significant doubts about the entity's ability to continue as a going concern? *

4.5 Are there any risk factors that could have an impact on the entity at the financial statement level? *

4.6 Is there a risk the entity may face bankruptcy, foreclosure, or hostile takeover in the immediate future as a result of operating losses? *

4.7 Does the entity have significant related parties? *

4.8 Are there any complex financial instruments such as securities, loans and derivatives? *

4.9 Is there a risk of material misstatement at the assertion level resulting from fair value measurements and disclosures in the financial statements? *

4.10 Does the entity persistently have negative cash flows from operations or an inability to generate cash flows from operations while reporting profits and profit growth? *

4.11 Does the entity require further debt or equity funding in order to remain competitive, such as to finance substantial R&D or capital expenditures? *

4.12 Is the entity barely able to meet debt repayment or other debt covenant obligations? *

4.13 Has the entity not been in compliance with generally accepted accounting principles in prior years? *

4.14 Are any of the entity's accounting policies for significant account balances and transactions inappropriate (e.g.Valuation of property; income recognition; depreciation; long term contracts; significant accounting policies relating to revenue recognition and leases (as lessee))? *

4.15 Is there a high degree of estimation uncertainty in relation to accounting estimates such as allowance for doubtful debts; write-down of inventories; warranty obligations; depreciation method or asset useful life; carrying value of investments; outcome and stage of completion of long term contracts; costs arising from litigation; share-based payments; and financial instruments not traded in an active and open market. *

4.16 Has the entity applied the requirements of the applicable financial reporting framework to accounting estimates inappropriately? *

4.17 Is there inappropriate and inconsistent application of methods for the accounting estimates? *

4.18 If there has been any changes to the method for making accounting estimates from the prior period, have they been inappropriately applied? *

4.19 Has there been any changes in accounting standards that could affect the entity? *

4.20 Are there any assets, liabilities, revenues, or expenses that involve significant estimations that require judgment or are difficult to verify? *

4.21 Were there any material, unusual or highly complex transactions identified, notably close to the reporting date that may raise the question of "substance over form"? *

4.22 Does accounting policy selection or significant estimates determination heavily involve non-financial management? *

4.23 Were there new accounting requirements? *

4.24 Does management regularly attempt to rationalise marginal or inappropriate accounting based on materiality? *

4.25 Is there a tendency for accounting estimates and judgements used in the preparation of the financial statements to indicate possible management bias? *

4.26 Does management determine provision amounts only when the profit and loss account is finalised, rather than by others as part of the routine accounting system? *

4.27 Are the entity's final account balances likely to change significantly due to journal adjustments? *

4.28 Do the entity's accounting policies push the limits of what is generally acceptable within the applicable accounting standards in some areas? *

4.29 Was the reporting date brought forward for no good reason, making it harder to gather the required quantity and quality of audit evidence? *

4.30 Does the entity have any significant transactions with related parties? *

4.31 Does the entity have a history of misstatements and errors? *

4.32 Were there any transactions accounted for based on management's intention (e.g. debt refinancing, assets to be disposed and classification of financial instruments)? *

4.33 Is the entity subject to any new accounting pronouncements? *

4.34 Is there any relevant information in disclosures to the financial statements that has been omitted or obscured? *

4.35 Has the reliability of accounting records been a problem in the past and/or does the entity not prepare meaningful management accounts regularly throughout the year? *

4.36 Has the audit report included disagreement between the auditors and management in any one of the preceding two periods? *

4.37 Has management or TCWG had issues with proposed adjustments in the past? *

4.38 Has there been issues in obtaining sufficient and appropriate audit evidence in the past? *

4.39 Does the determination of account balances involve a significant amount of judgement? *

4.40 Do the preliminary analytical procedures identify any unusual or unexpected relationships that may suggest risks of material misstatement due to fraud? *

4.41 Is it usual for the entity to have a significant number of related party transactions? *

4.42 Is the entity part of a group that does not prepare consolidated financial statements? *

4.43 Other than compensation or dividends, were there any payments made to the directors/shareholders? At any point throughout the year, were there any balances owing to or from the directors? *

4.44 Is there any evidence of a risk of misstatement for transaction types, account balances, or disclosures at the assertion level? *

4.45 Were there any significant related party transactions that do not appear to be within the entity's ordinary course of business? *

4.46 Does the entity have any non-management related parties? *

4.47 Have there been undisclosed related parties or related party transactions in the past? *

4.48 Is any related party in a position to wield dominating influence over the entity, or is there any evidence that a related party has done so? *

4.49 Are there any significant related-party transactions not in the normal course of business, or that involve related entities that are either not audited or audited by a different firm? *

B5. Financial Statement Risk

5.1 Does the engagement team have any reservations about the directors' or management's integrity or were there any past encounters or instances with management that may cast doubt on their integrity or competence? *

5.2 Does the entity, its management or TCWG have a history of violations of laws and regulations, or have claims been made against them for allege fraud or violations of laws and regulations? *

5.3 Does the entity have a weak governance framework, and/or are decision-making processes not transparent? *

5.4 Were there occasions where monitoring of management is ineffective due to oversight by TCWG over the financial reporting process and ineffective internal controls? *

5.5 Does the owner-manager(s) not differentiate between personal and commercial transactions? *

5.6 Are any of the key accounting positions held by employees that are unskilled or inexperienced or are there concerns about finance employees not capable of carrying out the responsibilities assigned to them? *

5.7 Are there significant deficiencies in the entity's design or implementation of internal controls or any gaps in the internal controls that management has failed to address? *

5.8 Has the IT environment of the entity seen siginificant change or has new IT software for financial reporting been installed? *

5.9 Does the entity's IT strategy run counter to its business strategies? *

5.10 Is there a sense of dissatisfaction among senior management of the entity? *

5.11 Does conduct of the entity's management/ employees display any signs of dissatisfaction or disgruntlement with the entity or its treatment of employees? *

5.12 Are the controls over data in the information system insufficient or ineffective? *

5.13 Is there typically a significant number of transactions that are not processed on a regular basis? *

5.14 Are there any related parties who could exert undue influence to override existing controls? *

5.15 There are existence of complex transactions/financing that the infrastructure cannot support. *

5.16 The qualification and experience of the staff team are insufficient as seen in history of errors/adjustments in accounting or lateness in preparation. *

5.17 There are high turnover in the staff team due to pressure from TCWG and/or lack of proper supervision by TCWG. *

5.18 The IT infrastructure has undergone significant change in hardware and/or software during the year without sufficient justification. *

5.19 There are concerns with an ineffective governance framework and management oversight to ensure smooth running of the operations. *

5.20 No existence of strong monitoring control over customers' collections and vendors' payments. *

5.21 There are concerns about the morale of senior management or finance staff. *

5.22 The entity and its components (if applicable) has individually significant third-party creditors or has lost key vendors or customers during the year. *

5.23 There are no effective governance framework and oversight/control by TCWG. *

5.24 The IT infrastructure seems not able to effectively support the operations or provide adequate or effective controls over data. *

5.25 There may be competency issues in staff team that prepares the financial reporting. *

5.26 Controls may be compromised due to changes to the team, timeliness and accuracy of financial data. *

5.27 There are concerns on TCWG's independence. *

5.28 There are pressures on TCWG's performance. *

5.29 There are doubts on TCWG's competency and integrity. *

5.30 Complex transactions and arrangements require significants estimates by TCWG exist. *

5.31 Overrides by TCWG is likely due to the design of the control. *

5.32 The TCWG and/or staff team experience unusual turnover. *