What Audit evidence should be collected for travel allowance given to employee
This query is : Resolved
21 June 2021
If a sales executive is given Rs.1000 travel allowance for travelling inclusive of fuel and vehicle running exp
Fuel exp was say Rs. 700
And Rs.300 is towards running exp then What audit evidence should we collect against that vehicle running exp?
Fuel exp was say Rs. 700
And Rs.300 is towards running exp then What audit evidence should we collect against that vehicle running exp?
21 June 2021
If a travel agency or cab operator is engaged then invoice of such parties. Otherwise of executive uses own vehicle then certain companies use a form whereby such employee apply for reimbursement. That will be sufficient audit evidence.
22 June 2021
Vehicle details , Invoices for Fuel, Driver details , Garage Bill and supporting for the expenditure incurred.
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