What it is
A revenue test sample is easier to review when every contract carries the same questions. The workpaper records ten attributes, counts exceptions and compares recorded revenue with the auditor’s recomputation.
The Evaluation tab shows the exception rate, the net difference, a ratio projection to the population and the comparison with tolerable misstatement.
When to use it
- Testing a sample of revenue contracts.
- Documenting the ASC 606-10-25-1 criteria by contract.
- Summarizing sample results for review.
What’s inside
- Sample tab with ten yes / no / N/A attributes per contract
- Recorded versus recomputed revenue and result per row
- Evaluation tab with projection and conclusion
- Legend tab with instructions
Standard cited
This template follows ASC 606 / AU-C 330. It is written in our own words, except for phrases the standard requires the document to contain, with [bracketed placeholders] for client details, amounts in USD and dates as MM/DD/YYYY. Check it against the current standard and your firm’s methodology before use. See AU-C 330 explained.
Questions
Is the projection a statistical evaluation?
No. It is a ratio projection for planning. Use your methodology’s evaluation, such as monetary unit sampling, for conclusions.
What counts as an exception?
Any attribute answered No.
Related templates
- Revenue Contract Testing Audit Program (ASC 606)
- Monetary Unit Sampling Workpaper (MUS)
- Audit Sample Selection Workpaper (AU-C 530)
- Cutoff Testing Workpaper (Sales, Purchases, Inventory)
Last updated 11/06/2026. All free templates.