Hi Friends
Can any tell me the steps to be followed,while doing audit of various expenses A/c heads (Revenue and Capital nature) in general
Regards
Narayanan
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Steps in Expenses Audit
Replies (2)
The One Says:
Refer any good book it would give you an idea - otherwise ask for some specific area - what you have asked is virtually impossible for someone to type out here.
Refer any good book it would give you an idea - otherwise ask for some specific area - what you have asked is virtually impossible for someone to type out here.
(1) Type 0f expenses Revunue or capital
(2) scope of expenses, within company's authority
(3) year of incurred the expenses
(4) factual findings i.e.casting etc
(5) Audit evidence i.e. supporting document like bill,challan,note,advice etc.
(6)authentication
(7) requirement of expenses i.e.related to object of company
(8) mode of payment
(9) validity of audit evidence
(10) treatment of expnses in Books
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