Interested to Buy Any Domain ? << Click Here >> for more details...
During the time of Audit which matters will be kept in mind?
- 2 Answers
- 5949 Views
- I also Faced
- E-Mail Answers
Answer Posted / sivaprasad
I first of all verify all closing balance of the previous
year balance sheet are brought forward this current
financial period.
1.go to the memorandum and articles for directors details
if pvt ltd company.
2.Go to mintitues for directors details of remuneration.
3.all bank statements should reconcile.
4.All receivables and payable reconcilation statements.
5.Physical stock crossed with invoices.
6.all vouchers with cash book and bank book.
7.what are the methods follow in stores.
8.cross check with grn and s/creditors payments.
9.go to partnership details if firm is partnership.
10.Go to Statutory payments made in bank statement with in
due date or not.
11.verify all cash payments and cash receipts may be with
in Rs.20,000/-
12.All expenses must verify with supporting voucher and
identify it is allowable or disallowable.
13.Verify fixed assets register with deprecition shedule.
| Is This Answer Correct ? | 16 Yes | 0 No |
Post New Answer View All Answers
What are the essential of internal audit?
How does the internal audit differ from an external audit?
whta is the current SBAR? Please provide the past rates from 1st january 2011 to till date.
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
Which books are helpful for practising accounting's most tricky sums?
How can i disable closing stock in trial balnce in tally?
Define decommission liability?
May deduct TDS Froma reseller ?
Audit strategy based
what is the reason for controls in an IS environment?
Explain different functions of internal audit?
Whether Advance against property to be included in Loans & Advances while referring to section 185 & 186 of Companies Act, 2013?
Would you consider alternative vacancies if so which:
Explain the different advantages and disadvantages of internal audit?
Why you want to be a auditor?
