14 November 2008
Sir, i am the one and only articled assistant in my firm.My firm is newly established firm from monday onwards i am going to internal audit of one real estate company.this first audit for me please advice in which areas i have to be focus and which types of expenditure we have and which acts and taxes will be applicable please advice me.
14 November 2008
What are the activities of that company? What are the terms of appointment of Internal audit? What is the scope as per the letter? Does your firm not give an audit program? If so why? How are you expected to audit without a program by your manager or principal?
14 November 2008
As per our agreement we need to verify each and every a/c,he simply says do audit as per normal procedure but for my acadamic and future practical purpose i would like to do indebth what is the procedure please explain me.
15 November 2008
Take into considaration that all the ccounting standared like as-7,9,10,16,19(if applicable) etc. is applied. See whether all provision is made for escalation of contract prise and cost.verify contract deed, terms and condition etc.
CAclubindia
