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Builders stock audit

Internal Audit 991 views 1 replies

i am doing a stock audit of a builder who has got land under sra scheme ?
 what all documents are required to be maintained by the builder at the site ?
 what is to be verified by me at my weekly visit to site ?

pls suggest if any suggestion

thank you

Replies (1)

I am giving very broadly:

1.Copy of contract detailing the scope of contract 

2.Details of materials authorised to be procured at site and details materials procured centrally and stored for consumption.

3.Persons responsible for stocking materials and their delegation of authority.

4.Details materials stored at site and their quantities and values 

5.Purchase orders isuued from site and details of PO,s pertaining to site issued from H.O.

6.Details of Bin cards material-wise along with details of issues and receipts.

7.Inspection of stocks done various CO,s authorities.

8.Monthly stock statement prepared and sent to H.O. and their reconciliation with records at site.

9.Equipments available at site and the records pertaining to that.

10 Materials/equipments transferred/received  to/from other sites.

You may have to imagine in the above line

kkm


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