Internal audit report
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 February 2018
Can anyone provide a sample internal audit report for Toll company or atleast a checklist for vouching the accuracy of toll revenue ?
09 February 2018
Revenue Assessment audit of Toll Plaza is a very technical subject. There is no specific checklist and checks will vary on case to case basis.
Majorly, following points need to be ensured:
- There should be no leakages
- Cash Collection is duly accounted for or not
- System accuracy needs to be checked. Reprint and delete option should not be available with the toll operators or management
- Take out the audit log of the reprints of bill done. This will give a direct indication of a possible fraud
- Take out the audit log of the bills deleted from the system. This will again give a direct indication of a possible fraud
- System walkthru should be properly done
- Try to do the input output analysis with respect to the paper roll used for collecting toll
- Data analysis should be properly done to ascertain the possible gaps and for sample selection
I have previously done lot of audits of Toll Plaza Operations and you can Direct Message me for any further help.
Majorly, following points need to be ensured:
- There should be no leakages
- Cash Collection is duly accounted for or not
- System accuracy needs to be checked. Reprint and delete option should not be available with the toll operators or management
- Take out the audit log of the reprints of bill done. This will give a direct indication of a possible fraud
- Take out the audit log of the bills deleted from the system. This will again give a direct indication of a possible fraud
- System walkthru should be properly done
- Try to do the input output analysis with respect to the paper roll used for collecting toll
- Data analysis should be properly done to ascertain the possible gaps and for sample selection
I have previously done lot of audits of Toll Plaza Operations and you can Direct Message me for any further help.
Message likes :
2 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- EPF ECR NEW FILE SEP 17TH 2026
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- TDS on Fixed Assets purchased
- Under marginal scheme
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- GST on Renting godown to KFCSC for Storage of Raagi
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Oct 2025 Invoices
- Non filing of I T Returns
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
