Interested to Buy Any Domain ? << Click Here >> for more details...
WHAT ARE THE DOCMENTS TO BE READY FOR THE F/YEAR END AUDIT
- 5 Answers
- 7859 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / h.r. sreepada bhagi
Question is about the documents and not the reports.
For year end statutory audit, All Purchase Bills, GRNs,
Sales Invoices, Cash & Bank Payment & Receipt Vouchers,
Debit & Credit Notes (if any Bank Statements &
Reconciliation Reports, Agreements, Statutory records
relating to Commercial Taxes, Excise, Income Tax / TDS, ESI,
EPF, Gratuity, etc., and any other documents based on which
accounting transactions have been recorded. All these
documents are needed for verification (100% or random) to
substantiate the veracity of the transactions. Wherever
necessary, Confirmation of balances / statement of accounts
from the Creditors/Debtors are also required.
Trial balance can be generated from The Accounting system
and from this P&L A/c and balance Sheets are prepared.
What's mentioned above is only limited and exhaustive list
can be taken from the Statutory Auditors in the form of
Check List well in advance before the commencement of the
audit. To ensure a smooth & effective audit, audit plan
shall be in place and documents can be kept ready as required.
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / sabs
the trial balance, balance sheet and the income statement
| Is This Answer Correct ? | 4 Yes | 2 No |
Answer / b.nagaraju
trail balanace and bank statement p&l account bl.sheet and
investments and also lic premiums tds advance tax rts
| Is This Answer Correct ? | 3 Yes | 2 No |
Answer / g.vasudevan
Trail balance,P/L A/C,Balancsheet,Income/Expenditure
Statement A/C.
| Is This Answer Correct ? | 0 Yes | 3 No |
internal audit
Do you know the different types of audits?
what is audit & activities of auditor?
why did u lost ur lost job?
1 Answers Genpact, MTS, XL Dynamics,
what do we carry audit
What are your outside interests?
1 Answers Cisco, Ernst Young, LIC, SEBI,
What's are difference between Capital Reserve & Reserve Capital ?
what is the entry for accrual expense and accrual income. And how they are treated. Thanks.
What are the portions to be covered in tax audit and what are the papers to be checked in tax audit by auditors?
comptroller auditor general of india functions
accounting seation and taxation caluation
how will u check the account receivables and cash balances while doing audit
3 Answers Price Waterhouse Coopers,
Audit 
