if accountant miss the journal entry of outstanding
expenses. since its is a error of omission it cannot affect
the Trial Balance how we auditor find it out.

Answer Posted / sushil varshney

audiors should check he bokking of exps. like Telephone,
Elecricity,water, Security Exps. etc.. All the exps. should
be booked for the entire 12 months by this auditor can find
out the missing provision entries.

Auditor can find it by seeing the exps. entries of April &
May next year as most of the exps. must have been entered
by that time.

Is This Answer Correct ?    9 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is caro 2004?

702


What sort of image do you have?

1875


what is the accounting treatment on Putoption over own shares.?

1037


What are the importance of internal audit to the organization?

643


How to reconcile GST Tally and GST Portal ?

1826






What is the difference between internal audit and statutory audit?

665


What is audit trail in siebel?

732


promotions of a new apointed auditor in cgda.

1952


May deduct TDS Froma reseller ?

1728


what is the PRPOER way of accounting salaries ETF EPF

2282


purchase price of property purchased within last 3 years is to be relied upon not and not on revalued amount for the purpose of loan against properties.

1638


what is the difference you can make by doing your course in the country of your choice

1736


What techniques used during an audit?

705


What are the reasons for getting audited?

615


Explain different functions of internal audit?

704