Mock Audit of Excise records
This query is : Resolved
27 October 2009
One of my Clients has requested me to conduct a mock audit of its excise records to identify the flaws, if any, in its system so that they can be corrected and the Company be prepared when there is a real audit from the Excise Deartment.
Can anyone please guide me on how to go about it? If there is any Manual, please mail it to raghuraman_279_in@yahoo.com.
Thank You.
Can anyone please guide me on how to go about it? If there is any Manual, please mail it to raghuraman_279_in@yahoo.com.
Thank You.
28 October 2009
*First see no cenvat copy of excise invoices missing
* varify to taken credit with Excise records
* Varify production,clearance,value,excise duty records.
* varify all shifment proofs received
* varify Excise duty paying challans.
* varify excise duty tarrif with notification.
* see the timely filing excise returns.
* varify to taken credit with Excise records
* Varify production,clearance,value,excise duty records.
* varify all shifment proofs received
* varify Excise duty paying challans.
* varify excise duty tarrif with notification.
* see the timely filing excise returns.
28 October 2009
In addition to the points given by Mr Jangid, One point to be considerd :
Make a reconciliation of your Excise Record with Audited Balance Sheet.
Make a reconciliation of your Excise Record with Audited Balance Sheet.
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
- Capital gain from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- Value of property in capital gain
- SFT Cash Deposit in Current Account
- Copyright software
- Multiple trade mark
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- TDS APPLICABILITY....../
- Transporter Declaration form
- E-Invoice applicability for new Startup
- Filing of MSME 1 form by companies
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
