if accountant miss the journal entry of outstanding
expenses. since its is a error of omission it cannot affect
the Trial Balance how we auditor find it out.

Answer Posted / sushil varshney

audiors should check he bokking of exps. like Telephone,
Elecricity,water, Security Exps. etc.. All the exps. should
be booked for the entire 12 months by this auditor can find
out the missing provision entries.

Auditor can find it by seeing the exps. entries of April &
May next year as most of the exps. must have been entered
by that time.

Is This Answer Correct ?    9 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what audit procedure i can do in the share capital account of a company and why it have been apply?

3818


please tell me how to take the stock of goods in Tally ERP9 in case of Useing FORM F (Company Sent the Stock Send me against Form 38 & after sale He want from me FORM F ) Thank U

1927


How to involve people in audit?

720


Why a company or firm should carry out the audit related work.

2441


what is the accounting treatment on Putoption over own shares.?

1050






how to prepare the internal audit sheet ? explain me with example. (take example of LOGISTICS& SUPPLYCHAIN MANGEMENT COMPANY)

3110


Explain how to do an internal audit effectively?

682


Should the duty of creating a purchase order be segregated from the duty of creating a vendor?

1753


Explain tangible assets?

668


How to Computation Advance Tax For First Quarter

1759


What are the different types of audits?

611


How can i disable closing stock in trial balnce in tally?

2249


How would you describe your management style

1826


hi friend i have selected in ssc cgle as accountant in audit department. can anyone tell about the work of accountant in audit department?

1879


Do you know the different types of audits?

639