How to Audit an Item which is missing from TB

Unless u ve any suspicion we cannot audit thinking that there would be any fraud. frauds need to be investigated and not audited.

suppose u come to conclusion tat there might ve been a fraud then detailed audit procedures should be carried and it depends on facts and circumstances of the case

Scrutinize JV's 100 %. There can be various accounts which can effect audit opinion but are zero balance & thus not reflecting in TB at the end of year. JV's are the key to closing down on such accounts.