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Internal audit of deemed university

vamsi krishna (Chartered Accountant) (284 Points)

02 March 2017

can anyone suggest me which areas are to checked .. Any format of report .. Thanks in advance

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(Guest)

checked from where funds comes and where lt is spend

checked payment side more care fully

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vamsi krishna (Chartered Accountant) (284 Points)
Replied 03 March 2017

Tnq .. Wt about Taxation Point ???

CA Amrita Chattopadhyay (Audit & Assurance) (13459 Points)
Replied 20 March 2017

The taxation point I hope the revenue recognition will be the raising the bill on students. There are no specific taxation law which will be applicable on Universities. However, they may need to comply with regulations of UGC which have to be considered during statutory audit of Universities

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