Scrutiny of Record for Audit Purpose

depreciation charges are insufficient

policy of sale or disposal of fixed assets needs to be reviewed

the sale of assets has not been properly authorized

accounting errors

bills of contractor

minutes of meeting of board of directors

certificates of engineer and architect

loan agreement

the supplier exists

there are no unrecorded liabilities

recorded purchases actually occurred

to link creditors with cash book entries

advance paid against an order

goods returned

wrong debit to supplier account

any of these

to ensure that there are no ghost workers

to ensure the casual workers employed are authorized by the supervisor

to test procedures for distributing pay cheques

to obtain understanding of internal control system

bad bads written off

sales return

purchase return

discount allowed to customers as per organizational policy

it results in the deliberate misappropriation of cash receipts

it is associated with cash receipts

if same individual maintains cash receipts and cash payments teeming and lading is likely to exist

to conceal the shortage, the defraud, usually, tries to keep bank and book amounts in Daily agreement so that a bank reconciliation will not detect the irregularity

identify cases of unrecorded revenue

ensure proper disclosure in the balance sheet

recomputed accrued income on the data of balance sheet

any of these

credit sales

sales returns

credit purchases

cash purchases

sales book and sales return book

purchase book and sales return book

cash book and purchase book

sales book and purchase return book