I have been approached by a PMS company to audit their160 clients. As this is a new area for me, I would appreciate your guidance on the audit approach.
What should be the format of Audit Report, how to verify the segregation of funds for each client, what should be audit checklist & audit program. Please advise
Request you to please share audit report format in this respect. It would be a great help if you also share audit program & checklist. Also, I want to understand professional fees for this assignment. Client has given budget of Rs 80000 for 160 clients in total (Rs 500/ client). Is this fees justified?
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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