thanks to all for reading this
CMA KNVV Sri Vidya - Sri Kanth
(C.A.Final (New) ICWAI FINAL (New))
(11269 Points)
Replied 13 April 2009
thanks to all for reading this
Mahesh
( CA Final)
(132 Points)
Replied 14 April 2009
As per my knowledge, Statutory audit is important audit, this don by Chartered accountants
Statutory auditors Procedure
1. verify the Previous audit file
2. to get all statements means ( P& L A/c, B/s , All advance , Sal Details , tds details , service tax , depriciation etc....
Advance is very important bec advance is big asset for banking companies so, auditor must concentrate on advance, advance means Trem loan, CC , OD .PL . AL . CL, HL. this are the imp if bank not recovering correctly then bank become a Lemmon Brother Case, so the statutory auditor concentrate on this , if loans principals & intrest not paid properly according to Slap, then he as to tret as N PA .
Depricatio also as to very
Original Cost value, Acc dep, current Dep , Rate of dep for diffirent asset , addition and Delition etc
salary
HRA, Gratuity , allowance , Tax calculation , tds deducted and paid challan's Bal to Payable ,
Physicla verification of stock
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)