Tag: Role of Auditor
Auditing
While scrutinizing, all expense accounts should be thoroughly verified. This article explains the role of Auditor in scrutinizing Direct Expenses, Indirect Expenses, Income Accounts, Assets Accounts and Liability Accounts. …
Guidelines for Auditors
Enquiry and Report by Auditor in Company Audit – Role of Auditor The followings items are to be enquired into by the auditor and report on such items only …
Guidelines for Auditors
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 of …
Audit Procedure
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 each …
Guidelines for Auditors
How to an auditor physically verify Stock- in- trade Goods are easily subject to misappropriation and manipulation. Very often firms use stock in trade as one of the methods …
Guidelines for Auditors
Documents to be Verified in Vouching of Directors Remuneration An auditor should verify the following documents while vouching directors remuneration. 1. The agreements with managing directors. 2. The approval …
Guidelines for Auditors
Verification of General Ledger The cash book, purchase book, sales book, sales return book, Purchase returns book are to be totaled periodically and the summary is posted in the …
Auditing
Audit of Share Capital How is authorized capital of a company verified? Balance sheet of the previous year and the Memorandum of Association gives a detailed picture about the …
Auditing
The various duties of the auditor in auditing of fixed assets are given below. While verifying the fixed assets, the auditor has to examine the records and details about …
Auditing
Role of An auditor in verification of documents in audit of debentures The following are some of the roles of auditors in document verification pertaining to audit of debentures. …
