Interanal audit report / discrepency audit report

This query is : Resolved

Pankaj (Querist)
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03 October 2011 Dear Sir,

I am doing discrepency audit of a clothing retailer having turnover of 150/- crores.
So I need a format for the reporting purpose.

So, if anyone can mail me the Intenal/Discrepency Audit report format,I will be really thankful to you.

Regards,

Ashmit Mittal

CA Satish Badve

CA Satish Badve (Expert)
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07 October 2011 The discrepancies can be reported in various formats.Some of the formats are as under:
List of purchases where PO was not found on record.
Details of wrong GRN mentioned on PO.
Goods received but Invoices not received till date.
Creditors Debtors out standing more than one year.
Discrepancies in opening balance's of debtors and creditors.
List of missing debit/credit notes.
List of delay in payment and filing of returns of statutory dues.
Statement of observations,Implications, and suggestions.