Go AD-Free with CAclubindia PRO for Rs 167/Month Only. Subscribe Now!

Query on audit

Others 415 views 1 replies

Hasham Ayub Khan

Article & Audit Assisstance

52 Points Joined May 2014

HI,

I am a student and will b going on my audit in August can you guys help me by giving suggestion on audit .

like

From where to start
how to evaluate which part needs to be highly consentrated
etc.

As it will be my first my first audit m quite nervous and hesitating that what if I make some mistake or I leave some of the major part to be audited.

please guys help me

Replies (1)

First of all ask your audit manager what is the work that is being allotted to you. Since this is your first audit,most probably you will be handed over vouching or more specifically cash vouching. Read your audit book's chapter on Vouching and verification.Also brush up your knowledge on TDS rates,cash payment limits under income tax and some basic accounting standards like 5,6,9,10 and 11