We have to start with vouching of prime entries ( Journal entries) , right from the 1 st day of April , beginning of the Financial year . we have to check how many Journal entries have been pass in the books of accounts on the 1 st day and are they pass as per accounting rules ?,also same are properly pass in the seance that checking Debit and credit as per double entry accounting system . Income , expenditure , asset , Liability , equity are properly accounted . Capital and revenue expenditure are properly accounted or not . vouchers are properly prepared or not i.e date of voucher as per the documentary evidence , debit or credit particulars in the voucher , more importantly amount , documentary evidence attachment , then voucher prepared by , Sing by ,Authorised by etc . then we have to check properly entered in the accounting system or not . So the above manner in the beginning start vouching , the most important is date of voucher should be falls within the accounting period , documentary evidence and amount . properly examining primary entries is very important in the beginning .
I have given above is the practical aspects of Audit at the beginning , however we have to comply with all Auditing standard while Auditing at the beginning .
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