manufacturing company audit
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Transcript of manufacturing company audit
AUDIT OF MANUFACTURING COMPANY
BY:PURUSHOTHAM.VPRABAKARAN
MEANING
Audit
Auditing
QUALITIES OF AUDITORS Knowledge – based qualities
General principles of law
Specific statutes & provisions applicable
Taxation laws
Clients & Nature of business
General economic trends
Accounting & Auditing: Standards, principles, procedures, techniques
Personal QualitiesTactCautionFirmnessGood temperIntegrity, objectivity & IndependenceDiscretionPatienceJudgementClear-headedness & common-sense
ACE MANUFACTURING COMPANY
AUDIT OF MANUFACTURING COMPANY Adaptation Scope Definition Accounting Work Letter of Engagement Internal Control Management Responsibilities Evaluation of Evidence Reporting
SPECIAL ITEMS CONSIDERED IN AUDITING OF MANUFACTURING COMPANY
Goods in Bonds Loose-tools at Construction Site
Physical Verification SheetFinancial Statement
Work in ProgressCost SheetsPrevious year financial StatementsGeneralProvisions of companies act
Goods on Consignment Consignment agreement Account Sales Written Confirmations Balance Sheet
Goods On Approval Basis Memoranda records Purchase Register Stock Register