02 November 2013
1.agreement/bill/cash memos 2. extent of appropriate reciept/payment. 3.entries in cash book /bank statments 4.treatment of outstanding dues & advance recipts.5. appropriate disclosure of recipts/payments. 6.third party confirmation for dues 7.Internal conrtol applied in the relevant functional area 8.comparison with previous yr figures for checking if there is unusal rise/fall.9.computation 10.management representation letter wherever circumstances required.
02 November 2013
important & common points-1.agreement/bill/cash memos 2. extent of appropriate reciept/payment. 3.entries in cash book /bank statments 4.treatment of outstanding dues & advance recipts.5. appropriate disclosure of recipts/payments. 6.third party confirmation for dues 7.Internal conrtol applied in the relevant functional area 8.comparison with previous yr figures for checking if there is unusal rise/fall.9.computation 10.management representation letter wherever circumstances required.
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