Statutary audit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 October 2013
please describe all the points which an auditor is required to check while conducting company audit?
15 October 2013
1.Aware about the company's business.
2.On the basis of business determine what are the taxes applicable to it like service tax,excise duty,tds.
3.Take a print out of Balance Sheet and Profit and Loss from the software.
4.Scrutinize the balances in balance sheet with the documentary evidence like
.Check Bank balances with the statements and Bank Reconcilations.
.Check statutory liability and its payment with the challans.
.verify sale,purchase/service tax turnover balances with the returns.
.Ledger scrutiny should be done.
.Verify the accounting transactions and way of doing the accounting.
2.On the basis of business determine what are the taxes applicable to it like service tax,excise duty,tds.
3.Take a print out of Balance Sheet and Profit and Loss from the software.
4.Scrutinize the balances in balance sheet with the documentary evidence like
.Check Bank balances with the statements and Bank Reconcilations.
.Check statutory liability and its payment with the challans.
.verify sale,purchase/service tax turnover balances with the returns.
.Ledger scrutiny should be done.
.Verify the accounting transactions and way of doing the accounting.
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 October 2013
plz describe more about ledger scrutiny.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Regis.
- Inventory of finished goods
- Applicability of Ind As to associate of associate
- Confusion around Form 26QB fields
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Sale of property furniture sale
- Disallowance of Section 43B(h) to sez units
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Bogus purchase treatment for it act gst dealer
- Gst input for FY 23-24
- Company registration : Rental agreement or NOC?
- Company Incorporation - CA and directors signing from different states
- Filing of Form 10BB instead of Filing Form 10B
- HSN Details in IFF/GSTR-1 & in GSTR 9
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
