Petty cash audit
This query is : Resolved
deepak khandelwal
(Querist)
20 November 2012
please guide me regarding petty cash audit of a public limited company
Amol S Joglekar
(Expert)
20 November 2012
Follow the steps.
01. Understand the revenue/business model.(System of petty cash in this case)
02. Decide whether or not the internal control comensurate with the size of the public limited company.
03. Based on above decide the % of checking.
04. Check the vouchers day on day basis.
05. Record the observations.
06. Discuss the same with the concerned superior in the said company.
07. Report the unresolved observations.
01. Understand the revenue/business model.(System of petty cash in this case)
02. Decide whether or not the internal control comensurate with the size of the public limited company.
03. Based on above decide the % of checking.
04. Check the vouchers day on day basis.
05. Record the observations.
06. Discuss the same with the concerned superior in the said company.
07. Report the unresolved observations.
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