Creditors pending more than 3 months

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 December 2010 how to audit creditors.
what to do of creditors pending more than 60, 90, 180 days.
what other areas are relevant while auditing creditors.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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27 December 2010 The Reason for long outstanding need to be clarified and creditor account need to be scrutinised and reconcililation need to be made also, Confirmation from creditor side can be obtained,

Finally the same need to be reported

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