banner_ad

contract audit

This query is : Resolved 
Profile Image

Profile Image

(Querist)
10 March 2010 sir,
There is a company who has many contracts at different sites.

They prepare a statement for the expenses incurred there by site supervisor.
how to verify the authenticity of the expenses, and other valulable things should i check.

Also tell me appriciable points while auditing.

And how to find out any bogus expenses.
Profile Image

CA. Ashish Bihani

Profile Image

CA. Ashish Bihani (Expert)
06 April 2010 Firstly, get a complete chart of Corporate hierarchy which will let you understand duties, responsibilities, accountability and reporting structure. Further, you can get information about the authorised signatories for sanctioning various types along with limits of payments.
Also get details about which types of expenses are allowed to be incurred by the supervisor.
You may ask the accountant or supervisor to get all the supporting documents and vouchers for the expenses incurred.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

Delhi

CA Inter

View Details
Company
ARTICLESHIP 05 May 2026
ARTICLED ASSISTANT

JS ADVISORS

New Delhi

CA Inter

View Details
Company
29 April 2026
Associate - Audit, Tax & Compliance

Open Co Consulting LLP

New Delhi

B.Com

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details