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audit of purchase

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(Querist)
04 April 2008 please explain me that how will i carry out the audit of purchase.
because i do not have basic concept of purchase audit

thanks
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CA. Dashrath Maheshwari

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CA. Dashrath Maheshwari (Expert)
05 April 2008 start with basic checking like this:
1. check purchase requisition (Indent)
2. Check the quotations (Min. 3 for every order)/Rate contract/ Arrangement with the above.
3. Check the purchase orders with the best quotation.
4. Check the MRN/GRN with the PO.
5. Check the Invoice/bill with the MRN and PO.

***Thats it...
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