Deposits - Audit Program
Deposits - Audit Program
DEPOSITS
Audit procedures
4.0 CONCLUSION
. On my opinion, we have obtained the sufficient (audit
procedures) and adequate (audit objectives) evidence to
formulate an unqualified opinion on this section.
1.4 Reconcile the total of the schedule with the general ledger
control account.
3.0 CONCLUSION
On my opinion, we have obtained the sufficient (audit
procedures) and adequate (audit objectives) evidence to
formulate an unqualified opinion on this section.
Done References/Comm
by ents
1.0 INCOME
1.1 Analyze revenues accounts
1.2 Vouch on a test basis entries to the revenue accounts. .
1.3 Ascertain that income earned is properly accumulated for.
2.0 EXPENSES
2.1 Analyze the expense accounts
2.2 Examine supporting papers and compare with entries in the
books of accounts.
2.3 Ascertain proper authorization for expenses.
2.4 Ascertain that properly capitalizable expenditures are not
charged to expense and vice-versa.
2.5 Compare expense incurred this year with the approved budget.
2.6 Investigate reasons for variances of the actual expense and the
budget.
2.7 Determine propriety of expense accounts in the financial
statements.
3.0 CONCLUSION
On my opinion, we have obtained the sufficient (audit
procedures) and adequate (audit objectives) evidence to
formulate an unqualified opinion on this section.