05 June 2008
to audit BRS: 1st confirm the balances mentioned in it from books & bank statement.
2nd scutinise the items standing in reconciliation..
If intt & bank chrgs are there in reco..get the entries passed. Look at long pending cheques issued that have not been cleared...enquire why they are pending...has the party even recd the cheque... Look at long pending cheque recd in reco..look at the validity of the cheques.. Also there may be certain cases that we have issued ch & it has cleared but entry not there in books...or amt deposited in our account... but entry in books pending..get the entries done.
Also for ch issued but not cleared ch next 15-20 days statement to get the clearance date..
CAclubindia
