Auditing Tutorial
Auditing Useful Resources
Selected Reading
- Auditing - Tax Audit
- Auditing - Management Audit
- Auditing - Audit of Hotels
- Audit of Co-Operative Societies
- Audit of Shipping Company
- Audit of Electricity Supply Company
- Auditing - Audit of Doctors
- Audit of Partnership Firms
- Audit of Sole Proprietary Concern
- Audit of Clubs & Theatre
- Audit of Charitable Institutions
- Audit of Educational Institutions
- Auditing - Audit of Hospitals
- Auditing - Capital and Revenue
- Depreciation, Reserves & Provision
- Auditing - Audit Verification
- Auditing - Vouching of Ledger
- Vouching of Cash Transactions
- Auditing - Trading Transactions
- Auditing - Mechanized Accounting
- Auditing - Audit Vouching
- Auditing - Audit Sampling
- Auditing - Internal Audit
- Internal Check and Auditor
- Auditing - Internal Check
- Auditing - Internal Control
- Auditing - Audit Techniques
- Auditing - Types of Evidence
- Auditing - Audit Evidence
- Duties of Audit Staff
- Methods of Audit
- Modification of Audit Program
- Examples of Audit Program
- Auditing - Audit Program
- Auditing - Audit Planning
- Preparation before an Audit
- Auditing - Classifications
- Auditing - Limitations
- Auditing - Advantages
- Auditing - Basic Principles
- Detection and Prevention of Errors
- Detection and Prevention of Fraud
- Auditing - Introduction
- Auditing - Home
Auditing Useful Resources
Selected Reading
- Who is Who
- Computer Glossary
- HR Interview Questions
- Effective Resume Writing
- Questions and Answers
- UPSC IAS Exams Notes
Examples of Audit Program
Auditing - Examples of Audit Program
Audit Program for Sale/Sale Return
The Audit Program for Sale/Sale Return involves the review and check of the following −
Complete accounting system right from the receiving of sale orders from customers to the receiving of payment from customers against the generated sale invoice.
Indirect Taxation entries pke VAT/CST/Excise and Service Tax as apppcable.
Stock valuation.
Generation and approval of credit notes.
Provision for doubtful and bad debts.
Accounting entries for installment received, interest elements and unreapzed profit in case of sale made on hire-purchase system.
Audit Program for Purchase/Purchase Return
The Audit Program for Purchase/Purchase Return involves the review and check of the following −
Complete accounting system right from the issuance of purchase orders to supppers till the payment to supppers/creditors against the purchase invoice.
Checking of department-wise material requisition spps.
Authorization of requisition spps and purchase orders.
Comparison of quantity and rate of purchase bills with purchase order.
Material inward record with purchase bills.
Checking of Stock register.
Checking of purchase return note with purchase bills.
Impact of Indirect Taxation entries on the Cost of Purchase or Input Tax Credit account, CENVAT Account for VAT/CST/Excise and service Tax as apppcable.
Audit Program for Cash/Bank
The Audit Program for Cash/Bank involves the review and check of the following −
Check posting and balancing of Cash book.
Check petty cash book if maintained.
Check cash receipt with cash book.
Check cash payment voucher with relevant support bills.
Authorization of cash payments.
Check accounting for cheques/demand draft received.
Check cash withdrawal entries with Bank statements and entries in cash book.
Checking of direct deposit into bank by parties.
Checking of bank reconcipation.
Physical verification of cash.
Audit Program for Salary/Wages
The Audit Program for Salary/Wages involves the review and check of the following −
Collect organization chart and pst of officers.
Authorization of above pst of employees with salary.
Review employment contracts of the employees.
Compare authorized salary with expense account.
Collection of information about stock option, bonus plan or other incentives as apppcable to employees.
Scanning of stock register and stock issue record about issuance or reservation of shares to employees.
Review Salaries, incentives, bonus and compensation etc. with basic evidence.
Check and review legal formapties as apppcable to organization such as E.S.I/ provident fund/TDS etc.