IMPORTANT THINGS MUST DO DURING THE RAID
Here are some of the things must to do: 1. Ask for the search order or warrant and ensure that […]
Incometax
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Checklist for Audit of Financial Reporting – Management Control System
A) SEGREGATION OF DUTIES 1) Are responsibilities for the final review and approval of financial reports adequately segregated from those
Accounts
Checklist for Audit of EDP (Electronic Data Processing) Department
A) SEGREGATION OF DUTIES 1) Is the EDP department independent from the accounting and operating departments for which it processes
HR
Checklist for Audit of Employee Compensation
A) Employee compensation – SEGREGATION OF DUTIES 1) Are responsibilities for supervision and time-keeping functions
Audit
Checklist for Audit of Procurement and Payables
A) SEGREGATION OF DUTIES 1) Are responsibilities for the requisitioning, purchasing, and receiving functions adequately segregated from those for the
Audit
Checklist for Audit of Capital Asset
A) SEGREGATION OF DUTIES 1) Are responsibilities for initiating, evaluating, and approving capital expenditures, leases, and maintenance or repair
Audit
Audit Checklist for Grant and Entitlement Monitoring
A) GRANTS 1) Has the agency properly assigned responsibility for monitoring grant activities? 2) Does the agency have a central
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Checklist for Audit of Revenue and Receivables
A) SEGREGATION OF DUTIES1) Are responsibilities for billing for services and fees adequately segregated from those for collection and
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Checklist for Investment Audit
A) SEGREGATION OF DUTIES1) Are responsibilities for initiating, evaluating, and approving transactions adequately segregated from those for detail accounting,
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Checklist for cash related audit – Financial Management control
A) SEGREGATION OF DUTIES 1) Are responsibilities for collection and deposit preparation functions adequately segregated from those for recording cash receipts