debtors scrutiny
Ankit chaturvedi (CA in Practice) (241 Points)
30 August 2017
how to do scrutiny of debtors while doing statutory audit
1 Replies
Jeet Vachharajani
(Student)
(417 Points)
Replied 24 September 2017
1) Check the Sales and the amount receipt against the bills.
2) Check if any amount is outstanding and for how long.
3) If it's outstanding for more than 6 months, ask the firm as to why they have not received it yet.
4) Check if there are no double entries passed in the software.
5) Do physical verification of the invoices.
6) Confirm the closing balance.
2) Check if any amount is outstanding and for how long.
3) If it's outstanding for more than 6 months, ask the firm as to why they have not received it yet.
4) Check if there are no double entries passed in the software.
5) Do physical verification of the invoices.
6) Confirm the closing balance.
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