Documente Academic
Documente Profesional
Documente Cultură
Name & Address of Client Ajfan Dates & Nuts, Chennai PAN AHDPK2903L
Name of Person in Charge of Accounts Rama Ramkumar TAN
Contact Details GST 33AHDPK2903L2ZJ
Email ID ESI
CA In Charge of Audit RAZIQ AHMED, FCA PF
Name of Audit Assistants Riya Xavier, Jishma M., Syed Saifuddin Period of Audit Apr-19
PART A - GENERAL
Particulars Audit Comments Auditee Reply Suggestions
Accounts for the Financial Year 2018-19
1. (a) Obtain Opening Trial Balance to Due to shortage of man power in
is not yet finalised. Recruit 2 more staff to accounts for
confirm correct carry forward of previous Accounts Department, accounting is
Hence No Opening Trial Balance regularising the accounts
years’ closing balances delayed
available
PART B - SPECIFIC
I. SALES Auditor Observations Auditee Reply Suggestions
(i) Check availability of following
documents :
c. there is appropriate authorization for Yes. Normally samples are not provided.
No comments No comments.
free samples If provided, the same is billed.
h.Sales collections are Deposited into We suggest door step banking so that
Bank on Day to Day basis . Staff shortage
Not followed in majority of the shops cash realised is deposited on time
Less sales realisation
without any failure.
They have an idea about these things. Currently there is a purchase manager,
Nothing recordical exists. The items one assisstant and an IT staff is there to
extra delivered, if returned, cost has to take care of the stores. We suggest
b. List of ABC & FSN category items No such documents available. be borne by themselves. And in some appointing one more personnel to manage
exceptional cases, these items may move the store effectively by analysing the
fastly. So they are hesitant to requirement of stock, its movement and
discontinue this practice. its demand and supply.
Bank Statement-Yes
b. Bank statements/ bank reconciliation To be reconciled on atleast weekly basis.
Bank Reconciliation-No
To be obtained at the end of financial
c. Bank balance confirmation certificate No
year.
(ii) Check whether there is :