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
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 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
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
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
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
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 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
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
