Need help in proceeding Audit

Dear Yogesh

In the absence of Type of audit  i.e internal audit or stat audit , it is difficult to provide any assistance.

Hi Ranjan,

Its Statutory Audit.

1. First of all; see the previous Audit Reports and adverse remarks therein, if any. 

2. See Income & Expenditure Account and Balance Sheet carefully for at least of previous two years.

3. See if there is any major change in expenses pattern. 

4. Regarding office advances; see the Board Minute Books to what extent office advances can be given and its recovery proceedings/adjustment from salaries.

5. See Lease Deeds and accordingly you can verify whether rent is being collected accordingly.