Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Key Audit Areas - Building Society
1. The auditor must examine the process for checking deeds on receipt from the lawyers to ensure such they are complete in accordance along with the advance records appropriately stamped and executed;
2. Examine the maintenance of records such display the dates of any changes in the location of any of them and the location of all deeds.
3. Examine the process that ensures such the deeds are obtained from the society's lawyers without undue delay;
4. Examine the authority necessary for the release of deeds for a temporary duration from their general custody and the common control for their prompt return;
5. Examine where there is a carry on to the independent check of the deeds against or the borrower's ledger accounts the advance records;
6. Examine the requirement for satisfactory cross reference among the advance records, the cash book, the borrower's ledger the deed and the account.
7. Examine the process for the release of the mortgage on redemption of deeds.
Internal Control - Investment Whether a trading concern holds merely a few investments, there is unlikely to be any organized internal control systems particularly for those i
#what are the procedures of conducting audit for the first time#
Advantages of Fixed Assets Register There are several advantages if the register properly maintained: a) There is an independent record of all fixed assets showing particul
Question 1: Auditing standards regulate the audit profession. a) Explain the importance and role of audit standards. b) Lists four of the standards issued by the INTOSAI
what is the role of a joint auditor
Required: Describe a complete audit program for collecting relevant evidence for the audit of the estimated warranty liability. Approach: Develop specific assertions related to
Share and deposits Shares may consist of subscription shares and paid up shares. Interest on shares might be credited to the accounts rather than being paid to ensure proper co
Key Audit Areas Key audit areas in detail (a) Ascertainment of creditors and debtors: Insurance companies do not keep their personal ledgers in such a way as to prod
Ask Describe the weaknesses in internal control and recommend improvements in Swan’s procedures for the purchase, receipt, storage and issue of raw materials. Organize your answer
#Fortex Limited, the meat processing firm, was formed in 1985 from three smaller companies. In 1993, however, after a few years of spectacular growth, the company collapsed. a) S
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd