Hasham Ayub Khan (Article & Audit Assisstance ) (52 Points)
14 June 2014HI,
I am a student and will b going on my audit in August can you guys help me by giving suggestion on audit .
like
As it will be my first my first audit m quite nervous and hesitating that what if I make some mistake or I leave some of the major part to be audited.
please guys help me
Joey Tribbiani
(fdg)
(2010 Points)
Replied 14 June 2014
First of all ask your audit manager what is the work that is being allotted to you. Since this is your first audit,most probably you will be handed over vouching or more specifically cash vouching. Read your audit book's chapter on Vouching and verification.Also brush up your knowledge on TDS rates,cash payment limits under income tax and some basic accounting standards like 5,6,9,10 and 11
CAclubindia
