Dear Members
Kindly send me an internal audit report on scratch scheme & various other scheme launch by newspaper industry.
Further provide me guidelines as to what documentation should be seen & how to proceed for such audit.
3 Replies
prasad v jog
(Audit manager)
(20 Points)
Replied 06 June 2008
hi pl. let me know any book on internal audit checklist available????
Sanjog R. Jain
(CA Final Appeared)
(48 Points)
Replied 07 June 2008
Dear Friend,
There is some issues should be considered while performing Internal Audit as a key or say grey area of concern. Same are as under:
1. Nature of Business
2. Revenue :
a. System of revenue generation
b. Various controlling points
c. Possible area of revenue leakages
d.Involvement of key personnel
e.Internal control policy and present status.
f.Overall scrutiny of documentation.
3. System Improvemnet ( Always searching for better than present)
I will send Internal audit report also to you. Please refer and see it.
Attached File : 38 draft report.doc downloaded: 636 times
Sanjog R. Jain
(CA Final Appeared)
(48 Points)
Replied 07 June 2008
Dear Friend.
Yaa, this types of Checklist was always available. You have to make search for it or you have developed himself by applying own mind. Example:
Internal Audit of Purchase:
1. Purchase department structure
2. Purchase controlling points
3. Authorisation level for Purchase
4. Purchase Policy
5.Purchase Procedure
a. Purchase Reqisition
b. Analysis of purchase needs
c. Enquiry from Market or in house production
d. Quotation and Comparision and Selection of best in quality and cheap in rate.
e. Final order and Purchase Order preparation.
f. Proper entry in system and control over delivery schedule.
Too many points are still remaining. It is just example.
Recent Topics
- 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
- Schedule FA clarification
- Income tax on freelance income from crypto
- ITC temporary reversal and reclaim
- Query on Transactions
Related Threads
CAclubindia
