Audit of cash and bank balances

Stat Audit 2645 views 3 replies

Dear Freinds,

Can some one help how to appoach for audit of cash and bank balances of a company in a detailed manner?

also expllain the cutoff procedures in respect of cash and bank balance?

 

Replies (3)

Since you have cleared you group 1 of final,I think the query is bit incomplete. You want to know vouching procedure of cash and bank balances or something else more technical???

For Cash-
obtain management certificate as to th balance shown by them as on the balance sheet date.this constitutes audit evidence.usually stat auditors visit client office and carry out cash verification on th bal sheet date,say 31.03.2012
For Bank-
1.obtain bank confirmation( in the letterhead of the bank confirimg the amount lying as on bal sheet date)-which is diff from bank statement(which shows monthly transaction and balance at the end.
2. BRS-

  • showing bal as per books
  •  items causing diff: add: chq issued not presented.less: chq deposited,not credited in bank
  • bal as per bank confirmation


best of luck with ur assignment! :)
 

When getting Payday Loans, it is good to know that you can choose how you need to use it. Many people who shop at Walmart like to pay in money, which was shown by a survey done by Walmart showing only 15 percent of customers use plastic to pay. You can get your cash advance in money or in your bank account, and then you can choose how you want to spend that cash. You can start writing checks against the funds as soon as you get the confirmation the funds will be transferred. This helps you get the bills you are borrowing the money for on time.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 12 March 2026
Customer Relationship Executive

TAXLET

Calicut

B.Com

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 March 2026
Article Trainee

N N V Satish&co

Hyderabad

CA Inter

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details