Examination of Deeds, Auditing

Examination of Deeds

  • Make Sure that the mortgage is in the name shown in the advance records;
  • That there is a document of title to the property within mortgage and that the society's lawyers have been satisfied as to the borrower's title;
  • The amount of the advance like stated in the mortgage deed is not less than which shown on the advance records;
  • The mortgage deed is stamped, correctly signed, witnessed and is prima facie in order;
  • The property is sufficiently insured, the premium is paid up to date and the society's interest as mortgage is endorsed in the insurance policy.
Posted Date: 1/28/2013 3:08:15 AM | Location : United States







Related Discussions:- Examination of Deeds, Assignment Help, Ask Question on Examination of Deeds, Get Answer, Expert's Help, Examination of Deeds Discussions

Write discussion on Examination of Deeds
Your posts are moderated
Related Questions

Banks Features (a) Profit and loss account: When looking at a bank's profit and loss account the accountant should seek to discover what proportions of the bank's profits

Conformity and Conservatism - External Auditor Report Conformity Although the user of the accounts expects the accounts to conform to general accepted accounting princi

Necessity of Accountant The accountant is not necessary To expand his enquiries beyond the information enclosed in the relevant documents as supplemented through such e

OBJECTIVES To apply certain steps in the audit planning process, with emphasis on risk identification and audit response (strategy) thereto. To provide you with the exp

Detail work on stocks - Audit of Current Assets Detail work on stocks is imperative in an audit, since there are other review tests that are equally important and these includ


Valuation - Detailed Audit of Stock IAS 2 prescribes such stock be priced at the lower of price and net realizable price, It is up to the auditor to ensure that net realizable

The core principles of financial internal control are explained here: accounting and financial operations can be separated and the main purpose is the handling of cash and the copy

YvesLaurent has just been put in charge of the BeautyNatural Inc. audit.BeautyNatural is a small, but growing retail chain of natural cosmetics stores. BeautyNatural needs to borro