Hi. Can anyone please provide me internal audit checklist for a logistic company ?
regards
Raina
5 Replies
praveen kumar devarapalli
(Managing Director)
(361 Points)
Replied 17 March 2013
u can find from the CA website
raina goyal
(Internal Auditor)
(75 Points)
Replied 18 March 2013
Dear Sir
Can you please provide me checklist. I could not find on institute's website.
Milind M. Kulkarni
(Practicing CA)
(580 Points)
Replied 08 July 2013
Though I do not have the checklist, the main areas to be looked into are: Employee cost (since this industry employs very large No. of manpower) including allowances to drivers, cleaners, etc. state wise, cash transactions and matching with books (typically unusually large cash transactions take place and cashiers are not well disciplined to match physical cash wit5h book cash), inventories (used only for internal consumption) including slow/ non moving, provision for obsolescence for old inventories, consumption of fuel, logs of vehicles and their running across the country, control overe physical safety of vehicles, insurance of vehicles and drivers' fidelity, loans taken, if any and interest cost, etc., maintenance of fixed assets register including records for vehicles, separate record for owned vehicles and leased vehicles, depreciation on fixed assets, etc.
Recent Topics
- Master File Documentation related
- Applicability of 44AD needs clarification
- ITC reversal in GST 3B
- Claim if ITC on stocks 19-2020 conversion from com
- Urgent doubt on GST
- Profit or Loss on Sale of Assets Accounting treatm
- Clarification on RCM on Rent Payment for QRMP Deal
- Reclaimed itc in gstr9
- Gamification in Accounting Software: Boosting Enga
- I want to knw Hsn code and gst rate of resin produ
Related Threads
CAclubindia
