prasad Nilugal
( GST Practitioner & Accounts )
(14546 Points)
Replied 02 December 2017
School is non profit org and you have audit following .
1) Receipt & Payment
2) Income & Expenditure
3) Balancesheet
More you have to do
1) Examine the Trust Deed or Regulation and note all the provision affecting accounts
2) Read through minuties of the meeting of the managing committe ot govering body
3) Check names entered in the students fee register for each month or term .
4)Check fees received by comparinf counterfolies & dyly accounted .
5) Total up for fees register
6) Check admission fees
7) see that stunent consession have been granted by authoried person
8) Check late fines or paymens
9) vouch income form endowments and legacies as well as interest and dividens form investment .
10) Verify local & Govt authority grant
11) Report heavy arrears on account fees
12) verify that the provident fund money of the staff
13) Vouch Donations
14) Vouch capital expenditure in the usual way and verify the same with saction form the committe
15) Vouch all establishment exp
16) See the increase in the salaries of the staff have sanctioned by the committee
17)Verification of fixed asset and provisions
18) verify inventories
19) veirfication of all Tax
20) verification of heavy expenditure
So may be more . you can add them .
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
