Audit programme

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Querist : Anonymous

Querist : Anonymous (Querist)

25 April 2013 Can any one please give a audit programme how to do audit for small companies having 50 to 60 cr turnover?

Please post any one audit programme.

I will be able to understand and then i will design on my own for the companies which i am doing?

Because my boss is not giving any audit programme for me.

He is just asking me to go and do an audit?

I don't have any seniors to guide me.

Please help

PALASH

PALASH (Expert)
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28 April 2013 FIRST OF ALL , I WOULD LIKE TO SAY THAT, PLEASEEEEE DON'T WORRY, PLEASE TRY TO FOLLOW , WHAT I AM SAYING NOW,& GO THROUGH THE FOLLOWINGS:-

Extremely Important Guidelines for both Members & their Article assistants of ICAI.

Following Documentary Evidences are require to be verify for A Statutory Audit :-

1st part:

1)First you examine Documentary Evidences regarding appointment/reappointment of an Auditor.

2)Examine Last Year’s copy of Audited Balance sheet, profit & loss account , schedules, notes on accounts along with 3CA/3CB, 3CD & Audit Report.

3)Carefully Examine the internal control system of the company.

2ND Part:

4) Purchase bill File.
5) Sale bill File.
6) Quaterly VAT Return According to Vat Input Output Register.
7) Bank Reconciliation Statement .
8) Salary and wages register.
9) Bills of Various Assets Purchased during the Year.
10) Telephone bill, Electricity Bill for the relevant year.
11) Rent bill( if any ).
12) Verify Vat payment challan .
13) Verify CST payment challan.
14) Verify P.F paid challan for the last year outstanding.
15) Verify E.S.I paid challan for the last year outstanding.
16) Verify Employees P.TAX paid challan.
17) Verify P.TAX ( FOR COMPANY) paid challan .
18) Trade License for the company.
19) Payment of Advance Tax challan.
20) Verify TDS Certificates with Form 26AS Annual Tax credit statement.
21) Verify Investments papers i.e, FD.
22) Physical verification of stock-in trade.
23) Therefore each and every aspect of accounts are require to be verify with their relevant documentary evidences by the Auditor himself.

Thanks,

PALASH RAKSHIT.

Email Id:palashrakshit82@gmail.com

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

28 April 2013 Thank you sir,

Thank you very much