Answer / faris hussain abdullah

Audit Program are of four types
1- Standard Audit prgram
2- Modified Audit program
3- Tailor made Audit program
4- Audit program with chek list

1-S.A.P
Some auditors prpare a standart audit program or make use
of what may be called uniform work papers this type of pre
printed audit program is provided to the the audit staff
who are expected to conduct the audit stcictly according to
the standard instruction. His program may include standard
verification programs for the pricipal accounts or group of
accounts.

2-M.S.P
This program is also pre printed but covers special
sections of work such as that on cash transactions and the
detailed general work. Obviously such pre established
program requires modification to make them applicable to
specific situations.

3-T.M.A.P
Some auditors have the practice of preparing their own
program for each situation as the meet it,relying on their
own knowledge of auditing techniques and their past
experience to ensure that all essential procedures have
been included

4-A.P.W.CL
some Auditores prepare their own program and in addition
carry a more or less extensive chek list of auding
procedures form which they select those which the think are
most applicable

Answer / vpnarasimhan@gmail.com

Audit Programme is the "Schedule" listed out by an Auditor
and drafted & given to his assistant that what are the areas
to be covered within the stipulated time. For example
"Inventory" has to be finalized in 10 days (ie. from date to
dt)like wise various areas viz.,
Purchase,Sales,Payroll,Accounts Receivable/Payable, Fixed
Assets (including physical verification)Cost audit etc.,
If programed & charted out for (say) three months from
the account closing date ie after 31st March all the above
activities to go as per scheduled. Its called audit program me

What Is error of totalling? plz provide the neccessary notes?

1 Answers  

---

while calculating drawing power for the purpose of cc limit ,while deducting creditors from stock whether to consider debit balance of creditors ,in total of creditors' credit balance ?

0 Answers  

---

if bill has came for payment for car repair purpose in bill they mentation total parts value is 21000 and labour 13000 with total of 34000 inthat on parts vat is include so we have to deduct tds u/s 194c @2% on full amount of 34000 or not(bill is single for whole 34000 purpose_

3 Answers   Maruti Suzuki, Thermotech Engineers,

---

1.is tds compulsory for commission paid on sales.2.if tds return for is submited for the interest paid on unsecured loans,what should be done.

2 Answers  

---

What is the importance of Stock Audit, Accounting Audit

1 Answers  

---

what is the expence for producing 1 megawatt energy

1 Answers  

---

I MAKE MIS FOR MY COMPANY. INTERVIEWER ASKED ME WHAT UR ROLL IN MIS. I ASKED HIM,I PREPARE IT AND SEND TO MY MANAGER. BUT HE AGAIN ASKED MY ABOUT MY ROLL IN MIS. WHAT HE WANTED TO KNOW? PLEASE TELL ME

21 Answers   Andromeda, Blue Forgings, CSC, Fortis, Genpact, HGF, NRB Bearings, TCS, Unity Infraprojects, Wipro, Wisdom Hospitality,

---

Expand---------BRP

1 Answers  

---

what do you mean acculmated depreciation?

14 Answers   Deloitte,

---

What do you find is the most challenging part of your job ?

0 Answers   Ernst Young,

---

what is Voucing?

2 Answers   ABC,

---

How does the internal audit differ from an external audit?

0 Answers  

---