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ANALYTICAL PROCEDURES SRI LANKA AUDITING STANDARD 520 ANALYTICAL PROCEDURES (Effective for audits of financial statements for periods beginning on or after 01 January 2014)CONTENTSParagraphIntroduction Scope
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How to fill out SLAUS 520:

01
Start by gathering all the necessary information. You will need details such as the name of the employee or contractor being evaluated, their position or job title, and the evaluation period.
02
Begin the form by filling out the employee information section. This typically includes their name, job title, department, and any other relevant identification details.
03
Move on to the evaluation criteria section. SLAUS 520 often includes performance-based criteria that should be assessed. This may involve evaluating skills, competencies, or specific job-related tasks. Take your time to carefully evaluate each criterion and provide an honest and accurate assessment.
04
Provide comments or explanations in the designated comment sections. This allows you to add more context to each evaluation criterion or provide additional information that may be relevant to the evaluation process.
05
Next, rate the employee's performance on each criterion. SLAUS 520 usually includes a rating scale, such as "Below Expectations," "Meets Expectations," and "Exceeds Expectations." Choose the appropriate rating for each criterion based on your evaluation.
06
After rating each criterion, calculate the overall score or rating for the employee. This is typically done by averaging the ratings given for each criterion based on their assigned weight or importance.
07
Review the completed form for accuracy and completeness. Ensure that all sections are filled out properly and that your evaluation is fair and unbiased.

Who needs SLAUS 520?

01
Organizations or companies that want to assess and evaluate their employees' performance and progress regularly can benefit from using SLAUS 520. It provides a structured framework for evaluating employees' skills, competencies, and job-related tasks.
02
Managers or supervisors who are responsible for conducting performance evaluations and providing feedback to their subordinates can use SLAUS 520 to ensure a fair and consistent evaluation process. It allows them to assess employees based on predefined criteria and provide constructive feedback for improvement.
03
Employees or contractors being evaluated can also benefit from SLAUS 520. It provides a transparent and standardized evaluation process, allowing them to understand how their performance is being assessed and identify areas of improvement.
Overall, SLAUS 520 serves as a useful tool for performance evaluation and can be utilized by various individuals and organizations aiming to assess and improve their workforce's performance.
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Slaus 520 is a form used for reporting certain financial information to the relevant authorities.
Entities or individuals who meet the criteria set by the authorities are required to file Slaus 520.
Slaus 520 can be filled out by providing the requested financial information in the designated fields on the form.
The purpose of Slaus 520 is to gather financial data for regulatory or compliance purposes.
Information such as income, expenses, assets, and liabilities may need to be reported on Slaus 520.
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