أنشئ حسابًا أو سجّل الدخول للانضمام إلى مجتمعك المهني.
Agree with Mr. Venkitaraman
>>>> Purchases
>>>> Sales
>>>> Creditors
>>>> Debtors
>>>> Sub Contracting
>>>> Inventory – Scrap
>>>> Export Incentives
>>>> Price Escalation
>>>> Cash Management
>>>> Payroll
>>>> Labor Contractors
>>>> Review of M I S and Internal Controls
>>>> purchase returns
>>>> sales returns
>>>> time keeping records
>>>> waste control and their realization
>>>> carrying cost of inventory
Thanks for the answers gentleman,
I am completely agree with your answer but i ask the key factors for "Revenue Audit."
I pointed out some points please help me to upgrade these points :-
1- Contracts/Agreement with the customers
a- Credibility of the customer,
b- Identity of the customer,
c- Payment terms in the contract,
2- Billing Cycle
a- Journal Voucher was approved by authorized personal ??
b- Invoices were generated as per contracts terms ??
c- Supporting to enter the JV ??
3- Revenue recognition
a- IFRS/IAS implemented or not ??
b- Basis of Calculation ??
c- Delivery note and other documents like shipping release were there or not ??
4- Others
a- Party reconciliation,
b- Party Statement,
c- Filling and Documentation - Project wise/Job Wise,
d- Change in masters of party or any JV approved by authorized personal or not ??
Agree with Mr. Venkitaraman........................