Inspection of Minute Books of Meetings Every company must record the minutes of all proceedings of general meetings, meetings of the Board of Directors, or of every committee
Vouching of Consignment Sales A separate day book and ledger are to be maintained for the details of goods sent out on consignment The auditor should verify the
Role of an Auditor in vouching Payment of Income Tax The auditor should verify whether it is advance tax, self assessment tax or final payment of tax. 1.
Concepts of Cost Audit The Companies Act empowers the Government to direct specified class of companies to maintain records relating to cost. The cost records of such companies
Vouching Sale of Fixed Assets An auditor has to verify the following documents while auditing Sale of fixed assets. 1. Fixed asset register. 2. Sale Agreement. 3. Statement
Vouching of Loan Received An auditor has to verify the following documents while auditing loans received. Documents to be verified: 1. The loan agreement. 2. The sanction ticket
Vouching of Collection from Debtors The auditor should examine the following while auditing Collection from debtors. 1. Copies of sales invoice. 2. Statement of accounts received from debtors.
Vouching of Income from Investments Some companies would have invested large amounts in shares, securities, deposits and scrips. They may maintain separate investment registers recording the details of
What is a Resource Audit? Audit conducted to understand the strengths or weaknesses of the resource base of a firm is called a resource Audit. In other words,
Audit of Land and Building Assets like land, building, etc. can be divided into two categories such as Freehold Property, and Leasehold Property. We shall new discuss the