Vouching and verification for PCC

u need to write only 6 points

VOUCHING

1.type of  voucher -

2.verify the accounting head -

3.list of supportive documents -

4.computation -

5.books of accouts to examine -

6.accounting policy -

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VERIFICATION

1.Existence -

2.recors -

3.right of ownership -

4.valuation -

5.presentation and disclosure -

6.special remarks -

& formate must be table

tkhanks sanju . but can u give  a example for  vouching and verification. like for R& D EXP how w e have to do and For GOOD will in verification and thanks in advance

u need to write onl

y 6 points

VOUCHING of research and development exp.

    bst of luck

for the special audit topics too. how many points are we expected to write.

and thanks for he previous one

v - voucher - check the voucher details like date, stamp etc...

o - occourence - check the occourence is of the relevent year itself...

u - under specific authority - chk the transaction has incured under specific authority (sign)etc...

c - capital - chk wether there is proper distinguish between capital and revenue....

h - has been recorded properly in the books of accounts

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v - valuation - of the assests as per the relevent AS eg F/A = AS PER as 10 and depreciation as per AS 6

e - existance - the assest is in existance to chk by way of physical verification certificate from magmt etc...

r - right - assets are the right of the company

i - interest - ie any charge on the asset than that shoul be disclosed

f - disclousure requirements are followed properly

y - Yo !!!

thnx