Deposits and share - building society, Auditing

Deposits and Share - Building Society

Shares may make of subscription shares and paid up shares. Interest on shares might be credited to ensure specific control to the accounts instead of to be paid the following should be covered through the system:

  • There should be specific custody of unused deposit and share pass book, receipt forms and share certificates;
  • There have to be specific instructions to the staff as to the creating of entries in the pass books and the issue of receipts;
  • Withdrawal notice and terms and specimen signatures;
  • Authorization of withdrawals through the ledger department or against the pass books;
  • Records of marriages, deaths, powers of transmission and attorney of deposits and shares;
  • The comparison of the balance exposed in the pass book along with that shown in the ledger.
Posted Date: 1/28/2013 4:15:27 AM | Location : United States







Related Discussions:- Deposits and share - building society, Assignment Help, Ask Question on Deposits and share - building society, Get Answer, Expert's Help, Deposits and share - building society Discussions

Write discussion on Deposits and share - building society
Your posts are moderated
Related Questions
The following situations involve a possible violation of the MIA ByLaws (on professional ethics, conduct and practice). For each situation, (1) decide whether or not the Code has b

Audit of Assets- Audit Process Non current assets have the fundamental characteristic which they are held for require in the business and not about resale. IAS 1 Presentation

i have assignment question

In June 2004, Feltex Carpets Limited raised NZ $254 million in an initial public offering. Twenty seven months later the company was in receivership, its share price having collaps

Relevance - Sources of evidence The auditor obtains evidence either through compliance testing of the internal controls or through substantive tests of the information contain


online exam in Auditing class. the exam will be about 2 hr. Thank you


Contents of Working Papers - Audit The ISA 230 No.3 stresses which audit working papers may always be adequately complete and detailed to enable an experienced auditor along w

The most effective means for an AUDITOR to confirm his understanding how internal control over financial reporting is designed and operates to test and evaluate its effectiveness.