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 supporting documents do we vouch to for sales, purchases, receivables, payables, sales cutoff, and liabilities cutoff?

6120


vat on liquor vat on food ? vat on bevrages ? vat on tobaco? vat on gold?

1873


What are the different advantages and disadvantages of internal audit?

742


How do you feel u contributed to its effectiveness?

1832


i have to finalize a mineral water co. for the year 2014-15 and i want to know that what will be rate of excise duty on sale of mineral water.

1456






Audit strategy based

2115


What is audit trail in siebel?

838


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

3188


How to involve people in audit?

795


Why there is no opening balance for Profit and Loss Account?Refer me Detailed explanation. Thank you.

1106


which of the following procedure would auditor lease likely perform in planning a financial statement audit?

1839


What are the basic principles of an internal audit controlsystem?

797


i am working in a company as wholesale in saudi arabia.i am one of the new.we are supplying to some hyper market. they will issue the money as cheque and they will send the cheque amount and invoice details also.then how can i reconcile our statement with use of that cheque details

1149


How auditing is prepared?

2034


What do you mean by vouching?

809