Hello,
I want to know what procedure and checklist should be followed for auditing the Provision for Expenses..?
Please support your answer with examples and reasons.
Vaibhav Jandey (Life iz Hard; I'm Harder) (1175 Points)
16 May 2012Hello,
I want to know what procedure and checklist should be followed for auditing the Provision for Expenses..?
Please support your answer with examples and reasons.
VIJAYKUMAR
(CHARTERED ACCOUNTANT)
(203 Points)
Replied 16 May 2012
You should verify whether any expense is there for which provision is to be made, and then you should verify the occurunce of the expenses.