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please help

RE.Vishresh (Accounts Executive)     11 October 2017

Accounts Executive 
 22 likes  220 points

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Dear Sir/ Madam,

please give me a notes for checking accounts in before audit for turn over 3cr...


go anywhere rules for accounts same 

important is how much concepts of accounts and 

incometax clear with u that is infortant 

some of good arcticles on internal audit here

just read it understand it and then apply it 




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RE.Vishresh (Accounts Executive)     13 October 2017

Accounts Executive 
 22 likes  220 points

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Thank you for the reply Sir...

Please explain one more sir


V P Narasimhan (Accounts Manager)     08 November 2018

V P Narasimhan
Accounts Manager 
 47 likes  773 points

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It depends upon the nature of industry. Suppose if it;s a manufacturing unit you have to start from procurementof materials which includes Purchase activity to Product Completion stage viz., including Costing. It the Organisation has more & more Departments viz., Vendor development, Marketing, HR, Finance etc., each area has to be focused with the internation transactions ofeach depts.


B.R.Vinod kumar (Accounts Manager)     13 November 2018

B.R.Vinod kumar
Accounts Manager 
 1 likes  123 points

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Hi vishresh,

Check list for before audit :

1. check the sales and purchase entry updated from april to march 31st..

2. Bank Reconciliation all banks.

3. cash book updation.

4.  then you got Receivable & Payable with aging. , get confirmation from vendore for high value.

5. Prepare the provision entry for march .

6. Close all statutory , month on month. & reconcilie with book vs return

7 . prepare FA register.

8. if your in manufacturing industry , prepare  closing stock &  semi finished goods also.

 i think almost you covered for audit ..


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