Accountancy Program
Butuan City
AUDIT PLAN
AUDITORS:
Company Profile 1
Vision 1
Mission 1
Organizational Structure 3
Audit Objectives 4
Audit Scope 4
Competitors 4
Risk Assessment 7
Internal Control 9
Audit Program 10
Effectivity 11
Company Profile
Mission
At Steven’s Beauty Center and Accessories, we aim to give the best possible
experience to our clients by:
Vision
Steven’s Beauty Center and Accessories aims to achieve mere goals such
as:
People love to beautify themselves and find some comfortable places which
they can relax and enjoy so Steven’s Beauty Center is the place that they are looking
for. They take pride to provide good services to people which everyone can afford.
Their full-service makes your stress fades away. Steven’s Beauty Center offers Hair
Rebond, Hair Spa, Hair Cellophane, Hair Color, Hot Oil, Hair Cut, Hair Do & Make-up,
Facial, Foot Spa, Manicure & Pedicure. Customer’s satisfaction is the major goal of the
business. Clients are pampered as they are given a good quality of services that
Steven’s BC provides. Beauticians are very friendly and well-trained which the
customer loves. Steven’s Beauty Center are also selling accessories such as Rings,
Bracelets, Necklace, Clothing Accessories and many more.
Organizational Structure
Salon Owner
Manager
Beauty Staff
Book Keeper
Cleaning Staff
Audit Objectives:
To be able to:
Determine the current practice and process in the services they offer through
observations and interviews.
Identify the scarcity of the business as to weighing their operations with the
standard by comparing the observations using the standards used.
Suggest actions that would help them achieve the standards.
Audit Scope
Competitors
Human Resource
Mr. Cabusao is a silent but very observing type of person. He is the one who
oversees daily activities/operations in the salon. He wants work to be done immediately
so he can proceed to the next tasks or plan another strategy on how to catch more
customers. Mr. Cabusao handles his employees very well and has good relationship
with them. Mr. Cabusao is very likely to be a risk taker, he is a very positive man, that
he most of the time willing to do things or actions that he think can help his business
even though it involves danger or high risk to his business.
Elizabeth Escatron
Ms. Elizabeth is the one who is responsible for operating the cash register
and handling cash transaction in the day-to-day operations of the salon. Also, Ms. Beth
works as a part time beautician of the salon. She is strict and careful when it comes to
money matters as she is very trusted by Mr. Cabusao. Ms. Beth is a Risk Taker kind of
person.
Renato Ladaran
Mr. Renato is the beautician of the salon; he also takes charge of the cash
register in case Ms. Beth is absent or on leave. He is very jolly and entertaining which
really helps to entertain the customers. If there’s no customer, he tends to invite
customers that pass outside the salon. Mr. Renato is a risk taker, he offers them
services and is really good in sales talking.
Joseph Nuñez
Mrs. Leonora is the manicurist of the salon. She is very obedient and a
very polite person. She follows rules and very good in communicating to
customers. She is a risk neutral.
What are the Who might be What is the What further Actions by
hazards? harmed and business actions is whom?
how? already doing? necessary?
Hairdressing Staff may get -Staff check -Always check Owners and
Products and eye or skin and follow the expiration staff
Chemicals irritation. instructions. dates of the
chemicals.
-Staff use
gloves to - staff should
protect their check
hands from customers
chemicals. comfort.
Wet Hand Staff may -Gloves are -Staff will be Owner and staff
Work suffer from provided to asked to
dry skin or staff. remove hand
dermatitis. jewelry
Internal controls are the methods and process through which a company
ensures that the organization is adhering to important policies and obligations.
In small business like Steven’s Beauty Center & Accessories, the business
owners are the ones responsible for the internal control.
2. Risk assessment. As what the auditors had observed during the visit,
the physical risks of the salon include its lack of security personnel’s &
CCTV cameras.
Audit Program