HEZEKIA DAVIS BAC/11/57562 HASHIMU MADEMBWE BAC/11/58085 QUESTION Describe the Audit Procedure of the following;- (1) Non Current Assets (2) Current Assets * Stock * Petty Cash * Payroll * Accounts Payables AUDITING PROCEDURE FOR NON CURRENT ASSET Audit objectives * The auditor will be aiming at proving the following assertions; * Proper authorization to acquire the asset * Valuation * Existence
Premium Balance sheet Generally Accepted Accounting Principles Audit
deposit of all Cash Receipts and accurate recording of revenue into the cooperative financial systems. II. OBJECTIVES: To ensure that all collections of cash and/or checks received by the Cooperative are: a. adequately controlled against loss or theft; b. properly recorded and accounted; and c. reported to management on a regular basis. III. SCOPE: It covers all transactions of cash receipts from consumers‚ employees and other sources. This policy covers brief description of books of accounts
Premium Cheque Deposit account General ledger
pictures from the Internet to their phones. Adding on‚ students tend share those videos with their peers through Bluetooth which opens gate for social problem. Moreover‚ hand phones should be banned from schools because it creates opportunity for thefts to occur. It is a norm for teenagers to display their belongings to their fellow peers.
Free Mobile phone Internet Theft
prevention in corporate and retail establishments is crucial to developing and maintaining successful businesses. The FBI reports that retail theft costs businesses $30 billion dollar a year overall‚ making theft prevention a huge concern. There are countless areas to consider when setting up a new business and one must carefully follow certain protocols as to prevent theft. Conducting a site survey‚ developing policy and procedures‚ establishing specific operations and hiring personnel must be carefully
Premium Theft
transcribing of some information to other separate file copy to store a back-up files. During the succeeding days of my stay in Relation House Inc.‚ I was commanded by my superior to make summary of the expenses occurred for the replenishment of the petty cash fund and then sort & file the receipts. I also did Inventory Checking in the office and pantry with Krisha and Yoradel then update its count by making an Excel report of it as of the date we did it. While being trusted of the
Premium Cheque Confidentiality Cash
recoil on themselves. The point is illustrated by the well known story of the boy who acquired the evil habit of stealing and his indulgent and his fond mother did not punish him for it. He was encouraged by her attitude‚ and petty thefts soon led on to much greater thefts. Ultimately the result was dacoity and murder and he was sentenced to be hanged till death. His lat wish was a few words with his mother. When his mother came he pretended as if he wanted to whisper something in her ears. But when
Premium India Death Life
Kleptomania is a recurrent failure to resist the impulse to steal objects not needed for personal use or their monetary value. There is an increasing sense of tension preceding the unplanned theft‚ followed by a relief at the time of the theft. The theft is not done with others and not done out of anger or vengeance. Because kleptomaniacs obtain gratification from the act of stealing rather than from possession of the stolen articles‚ they often steal objects of little value that they could easily
Premium Antisocial personality disorder Mental disorder Theft
ATM machine a man who seemingly performs operations on his credit card bill. • In fact‚ he puts in the ATM reader a special plastic web - a "loop"‚ which "catches" the card of the next visitor. • ATM Machinations - is a risky business‚ so thefts do not do this job alone. • On this slide we can see a visitor at the ATM‚ in which recently was put a "loop". The customer inserts his credit card in ATM and begins to make operations. • The card is in ATM. The customer is wondering‚ and
Premium Personal identification number Smart card Credit card
Premium Revenue According to J.L. Boockholdt‚ author of the book entitled “Accounting Information Systems”‚ a revenue cycle includes the accounting transactions that record the generation of a revenue from the outputs of the conversion process. The receiving of an order from a customer‚ delivering goods or services to the customer‚ requesting payment from the customer‚ and receiving the payment are the four economic events that generate revenue. When the company sells goods or services on
Premium Insurance
Internal Audit Report To Board of Directors of Romek Con-fab (Pvt) Ltd for month ended 31th December 2012. 1. VERIFICATION OF PETTY CASH We have checked all petty cash vouchers with relevant supporting documents. Physical Cash count was carried out as at 31th January 2013 and details are as follows (Petty Cash). Note/Coin No of Coin/Note Value 2000 X 1 2000.00 1000 X 1 1000.00 500 X - - 100 X 3 300.00 50 X - - 20
Premium Internal control Internal audit Cash