Hi,
I am working in a manufaturing company as internal auditors. In this quarter (Q-4, Fy12-13) we have a audit study on revenue lekage. So please help me to prepare a checklist for this audit.
Regards,
Sumanta Das
Mb+ 9830070205
email- sumanta.das05 @ gmail.com
Hi
1.First identify the revenue areas based on your trail balance /GLs.
2. Take the SOP for the current procedure followed by the company for each of the area.
3.Study the SOP and see the transactions, whether company is compling with the SOP,if not chances of revenue leakages may exist.
In SOP,identify the internal control gaps which may lead to revenue leakages.
4.Do the logical test checking.
Above information is genereal in nature. In case of further assistance pls mail me abhinez @ gmail.com.
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