Contract for Internal Audit

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Satendra (Querist)
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27 July 2010 Can any one provide me format of contract to be made with internal auditor for audit including services of TDS, PF, VAT, Service tax etc.

CA SURENDRA KUMAR RAKHECHA

CA SURENDRA KUMAR RAKHECHA (Expert)
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03 August 2010 To,

The Auditors
...

Dear Sir,

Sub : Appointment of your firm as Internal Auditor

We are glad to appoint you as our internal auditor for the period ........

You are required to look after the following areas and report/suggest thereon at the end of every month/quarter :

1. Accuracy and timely recording of accounting.

2. Perpetual Valuation of Closing Stock.

3. List of Dead Stock

4. Collection from Debtors and action to be taken for recovery.

5. Ensuring timely Payment of statutory
dues like Advance Tax, VAT, Service Tax, PF etc.

For your above services; a monthly remuneration of Rs.....shall be paid.

Please accept the assignment.

For..........

.......

(Suitable modifications can be made according to the need of the organisation).