Please help me about the Domestic Bill Discounting check list for Internal Audit.
2 Replies
Tahseen Tabassum
(CA-FINAL)
(644 Points)
Replied 23 April 2009
Yes i also want to know if anyone please share with us
Vrnanda
(auditor)
(110 Points)
Replied 26 April 2009
Hi Shashikanta,
I dont have such checklist.
but i can help as to how do audit, as follows:
1. First understand the bills discounting process.
2. Obtain the internal process document for the bills discounting from the management either a document or a flow chart, insisting on the control matrix.
3. You can then decide on the key controls, and from the process in the first step prepared the key process elements ( or control element).
4. Then you can even prepare the checklist with the abvoe determined/identified control elements.
5. Populate the Checklist with the samples that you have considered for internal audit, then test the attributes.
I hope this will help you my friend.
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