Audit Program

Audit Objectives:

a. Determining that cash on hand as shown in the general ledger is represented by currency and coins on hand.

b. Determining ownership and proper accountabilities

c. Ascertaining that cash balances are available without restrictions.

Audit Procedures:

a. Examination of cash proof sheets and tracing of their totals to the general ledger b. Test tracing of deposit or withdrawal slips to individual subsidiary ledgers and vice versa. c. Conduct actual cash count.

Audit Objectives:

a. To establish the propriety and validity of the items as of the examination date.

b. To ascertain that these items are collected or properly disposed of during the normal course of business.

Audit Procedures:

a. Comparing run up total against general ledger balance and investigating difference.

b. Reviewing checks and other cash items individually for unusual items

c. Ascertaining proper clearing or other disposition.

Audit Objectives:

a. To determine that the balance is correctly stated.

b. To determine that there are no long outstanding and/or unusual items in the reconciliation.

Audit Procedures:

a. Review the statement of reconciliation of the general balance and the Central Bank account balance.

b. Obtain confirmation of such balance from the Central Bank

c. Examine deposits with the Central Bank account and withdrawals therefrom;

d. Examine outgoing and incoming learning items

e. Examine all other debits and credits to the Central Bank account.

Audit Objectives:

a. To determine that the amount is correctly stated.

b. To determine that there are no long outstanding and/or unused in the reconciliations.

c. To determine compliance with law and Central Bank rules and regulations.

Audit Procedures:

a. Verify book