Fixed assets
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 December 2012
Dear Experts,
Please provide guidelines on how to audit fixed assets additions and deletions. What areas should be given importance?
Thanks in advance.
Please provide guidelines on how to audit fixed assets additions and deletions. What areas should be given importance?
Thanks in advance.
Amol S Joglekar
(Expert)
02 December 2012
01. Actual Cost is the prime concern.
02. Date of addition / deletion is another major area.
03. Any deviation of accountancy versus income tax.
04. Other normal routine areas like vouching, casting, posting and so on.
02. Date of addition / deletion is another major area.
03. Any deviation of accountancy versus income tax.
04. Other normal routine areas like vouching, casting, posting and so on.
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