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Pls helppp ...... regarding joint venture

Internal Audit 906 views 3 replies
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76 Points Joined July 2010

how to audit a joint venture? what are the important points to focus on?

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On 27 February 2012 at 17:26 Report
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ACCOUNTANT AND CA ARTICLE
2250 Points Joined July 2011
FIRST U CHECKED THE JOINT VENTURE AGREEMENT JOINT VENTURE IS SHORT DURATION BUSINESS, CHECK THE TERM AND CONDITION WHAT TYPES OF GOODS, PROFIT SHARING RATIO OF PARTNERS OF JOINT VENTURE ACCORDING TO DEED,THEN ASSET LIABILITIES , REGARDING CREDITORS DEBTORS AGAINST EACH OTHER
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On 27 February 2012 at 17:47
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ACCOUNTANT AND CA ARTICLE
2250 Points Joined July 2011
CHECK THE ENTRIES OF BOOKS , EXPENSES ARE BORNE BY PARTNERS OR COMMISSION'S ON SALES OR PURCHASING OF GOODS , CHECK WHETER TH BUSINESS IS COMPLETED IN TIME OR NOT , EXPENSES ARE REALTED TO THAT PERIOD INCOMES ARE WELL RECOGINED OR NOT IN JOINT VENTURES AGREEMENT.
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On 27 February 2012 at 17:50
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ACCOUNTANT AND CA ARTICLE
2250 Points Joined July 2011
U CAN SEE BELOW FOR AUDIT OF JOINT VENTURE BUSINESS
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On 27 February 2012 at 17:59

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