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inspection, observation, inquiry, confirmation, recalculation, re-performance and analytical procedures
(Analytical procedures consist of evaluations of financial information made by a study of plausible relationships among both financial and non-financial data.)
Mainly, Substantive and Analytical procedures collectively are termed as the Audit procedures.
Mainly there are2 Audit procedures:-
1) Compliance Procedures
Compliance procedures are test designed to obtain reasonable assurance that those internal control on which audit reliance is to be placed are in effect.
2 Substantive Procedures
Substantive Procedures are tests designed to obtain evidence to ensure the completeness,accuracy and validity of the data produced by the accounting system.
Intended to examine the audited accounts of internal control systems, data and documents and records
Economic unity under critical scrutiny examination organized with a view to exit neutral technical opinion on the extent of
Indication of the financial statements for the financial situation at the end of a given period of time and the extent of filmed for results
Of its profit or loss Thus, the audit includes examination (Examination)
And verification (Verification) and report (Reporting) examination is intended to ensure the accuracy of measurement and safety
Operations that have been recorded, analyzed and classified any measurement arithmetic own financial checks
The specific activity of the unit while it is intended to verify the possibility of the final judgment on the validity of financial statements
Being an expression of a sound basis for the work of the unit for a particular fiscal period and the significance of the financial position at the end of the period
Therefore, testing and verification, two interrelated intended them to enable the auditor to express an opinion
Whether measurement of financial transactions operations have led to the formation of a fair picture of the result
Unity and status Almala0 business
1. The financial and accounting matters
First of accounting records and restrictions:
The adequacy of the documentary cycle measurement
Date ensure the accuracy and integrity of deportation and accounting guidance
Secondly fixed assets:
1. Verification of a periodic inventory of items of fixed assets and the selection and review of a random sample actually on the ground to ensure the health of the inventory and the extent of its conformity to reality to ascertain the existence of such assets.
2. Verification of the stability of depreciation rates and calculated.
3. Verification of the proper use of the fixed assets of the intended purposes
4. obtain analytical summary shows the changes during the financial period in the examination of fixed assets replaced.
5. examination of systematic exclusions made during the review period and the safety of exclusions replace accounting.
6. Prepare a statement of fixed assets untapped.
7. Check for insurance of fixed assets and study duration and validity and terms of contracts.
8. found on some bills purchase of fixed assets during the year and the extent of adherence to the rules of procurement and regulatory approvals them according to the regulations of the company and the extent of the health of the entry and exit from the warehouse to prove those assets and depreciation rates that Baansabha been recommending over the useful life of the asset.
9. selecting a random sample of fixed assets program on the computer and perform tests on the validity of the statement recorded in accordance with the records of each type and the accuracy of calculation of depreciation rates during the examination period and replace tab.
10-access to the opening balances of fixed assets and the extent of deportation accuracy according to financial records and financial statements and the extent of regularity in proving assets during the period classified according to replace the examination.
11. Review movable fixed assets additions of projects under implementation and the extent of deportation effective date of the operation of the accuracy of the statement after a delay in the transfer of fixed assets to show the results of the activity without calculating depreciation rates according to the actual operating schedules.
12. In the event of revalued assets annually are found on evaluation reports, taking into account the reasonableness of the evaluation and the bases used.
13. If there is dedicated assets are checked for the presence of those assets and provable and processed proper treatment.
14. Review the extent of matching fixed assets purchased during the period under examination with the approved budget estimates.
15. Analysis of some elements of costs charged on fixed assets to ascertain the validity of the calculated that asset.
16. study assessing the internal control system of fixed assets
Thirdly stock:
1. Review the movement under the entries and output of some varieties and matching their assets with inventory and match them with the purchase invoices
2. Ensure regular enrollment cards and records stores
3. Verification of a periodic inventory of stores and make sure to do a sudden inventory of samples from the assets of the stores from time to time.
4. Verify that the stock does not include non-owned goods.
5. Check the status and quality of inventory and preparing the statement of slow-moving or damaged varieties.
6. examine the foundations and methods of inventory pricing
7. Verify the integrity of stored items and keep them intact
8. make sure there is no record of personal era described by the types and quantities received.
9. measure the efficiency and adequacy of personnel stores suitable for the realization of their expertise in charge of it and how.
10. Ensure that all stores an exit permit was issued based on the sales invoice or request for the needs of the supported operating.
11. Verify that the additions to the inventory made after confirmation of the safety of goods purchased and the signing of Technical Officer or the competent committee or responsible for production.
12. validate the inventory display a list of the financial position and health of cost of goods sold display a list of business results.
13. make sure there is a lock on the inventory and study duration and validity and terms of contracts.
14. Viewing settlement changes between inventory quantities beginning of the year and the end of the year with records of purchases, production and sales.
15. inventory turnover compared to a year examination with inventory turnover rate last year for examination.
16. verification of the cost of the important materials and components with suppliers' bills.
17. Review materials involved in the production operating under full production with supporting evidence - bills Exchange warehouses -
18. Revision industrial indirect expenses involved in the production under the operating and full production with supporting evidence - User costs -
19. examine the foundations of the development of standards and the cost of the actual costs of deviations from standard mil of materials, wages and other expenses.
20. matching opening and closing balances of inventory with purchases and records of production and sales.
21. verification of the gross profit percentage for each product or each section.
22. Verification of deviations year with the approved budget estimates approved.
23. Review the inventory of finished goods and components under operating - materials, labor, industrial indirect expenses - and compare it with previous years.
24. measure the chronological age of the production under operation.
25. see the work carried out and payments payments under the account to make sure the correct her treatment.
26. Send endorsements in the event of a stock with an external party to make sure that there are no obligations on those goods.
27. examination shows no difference between notebook inventory and actual inventory.
28. Revision sales returns to validate the impacts on the inventory records.
29. Custom Scan falling value of inventory including follow-up items that appeared damaged or slow motion or varying in payroll inventory.
30. Review the inventory allocated for the reconstruction of the adequacy of the estimate.
31. checking inventory lists to verify the separation of raw materials safety and operating under full production, production and goods purchased for resale.
Fourth Debtors:
1. Verify that the debtors bills belonging to a sound sales operations (based on the output buffers and bills receipt) warrants.
2. examine all aspects of a sample of sales operations and review the restriction movement customer accounts and make sure it was based on incorrect sales invoices.
3. make sure there is a prior study of the situation of financial clients who are granted payment facilities and the need to provide guarantees.
4. Review of documentary collections by check through the bank account statements and invoices linking of the indebtedness
5. Sample examination of returns and notices of additions and make sure there is diary entry for goods stores and bounced login portal
6. make sure you send endorsements for customers to match their assets.
7. debts executed statutory approvals own review.
8. Viewing lawsuits relating to arrears and bad debts linked files
9. Get to detect the debt ages analysis linked with repayment of credit facilities to customers and the provision for doubtful debts
10. Review ancestor of workers and ensure compliance with the instructions governing them and prove the validity of the financial statements.
11. Showing confirm accounts receivable in the financial statements and sales in the list of business results.
12. Review some of the assets of clients during the year according to the movement of the statement you been to prove operations is a real movement occurring on the account in order to not appear in the customer's account balances stalled for debt repayment in accordance with the reconstruction program.
13. Viewing the movement of the assets of customers to make sure not to conduct the transfer of certain assets of clients who drop out of payment on behalf of other clients in the regular payment or on behalf of new customers for the purpose of concealing some clients defaulting to lack Provision for doubtful for those customers.
14. reviewing the adequacy of the allowance for doubtful debts in the collection of the interview balances customers defaulting on payments.
15. See comment on the statement and customer endorsements differences between funds received from customers and the assets of the company's customers and the deviations between them and their causes.
16. Review the discount granted to customers when the payment authority and dependence.
17. Revision assets abnormal about nature and the reasons for this deviation from the nature of the account.
18. Review the extent to which the company set-off between the assets of the customer with the city Arsthm creditor to indicate whether each account are recognized in accordance with the nature or not.
19. Measuring the assets of debtors turnover during the year and the average balances of receivables.
20. See matches that have been made on the assets of customer accounts during the period examination shop.
V. documentary credits:
Documentary credits:
1. Ensure regular contracting with suppliers in terms of the powers of credit, price, quality.
2. access to rely to determine the terms of the contract and check it to ensure that the rights of the company's file and that he was open to rely according to these conditions.
C.I.F (Cost - Insurance - Frieght)
Means that which will ship the goods will bear all of the cost of the goods and insurance and shipping costs until they are ready delivery in the port of importation.
F.O.B - Free On Board
Means that the goods are the responsibility of the importer of the goods when they are ready for delivery on the sidewalk shipping your source, then the importer shall insurance and expenses shipped until reaching the port of the importer, the importer shall bear the risk of loss if anything happened to the goods.
C & F (Cost - Fright).
Means that the source bear the costs and expenses of the goods shipped, but insurance costs borne by the importer of the goods
C & I (Cost - Insurance).
Any source that bear the cost of the goods and insured, but bear imported freight charges from the source port until the port of importation.
See Terms of dependence in terms of:
- The date of opening of L and duration
- Work to open the credit and is it a local currency or foreign currency.
- Accreditation commission and all expenses related to it.
- Commission on the debit balance in the event of late payment of debit balance and interest.
- The beneficiary of the opening of L and the name of the supplier and the Bank of resource that will be dealt with.
- Follow-up count what has been implemented and whether it committed supplier of all items.
- Matching the amount of credit purchase invoices.
- A review of the documents attached drawing and shipping documents and insurance policies and the initial bill and all the terms of the letter.
- Canceled appropriations and what was on them and the reasons for the cancellation.
3. access to quotations, which supports external supplier preference.
4. To ensure the closure of ending dependence books properly and Review chains accounting.
VI cash to banks and fund:
1. Ensure cash register receipts quickly and accurately and deposit daily receipts Bank.
2. Verification of the separation deal of cash for maintaining accounting records
3. matching funds to accounts with balances and adjustments payroll bank accounts
4. inventory of all bank accounts and obtain statements from the bank accounts
5. Ensure the preparation of bank reconciliations are by someone who does not deal in cash and the issuance of checks
6. Review of bank reconciliations, validating and subject to tighten internal controls and matching bank reconciliations and financial records and bank statement and see more of the memorandum of settlement of the settlement statement pendants in the next month or not.
7. Examination approvals received from customers and account statements with suppliers
8. examine the cash book and check those receipts and payments.
9. Details statement matching collections with portfolios of deposit and bank notices
10. Ensure the safety and health transfers between bank accounts and special operations between the balances of accounts receivable and payable.
11. preparing the statement of counter-checks from the bank due to insufficient funds checks, which did not provide for the collection for more than thirty days.
12. Ensure the periodic inventory and cash balances on hand and match books and take an inventory of the cash balance and its conformity to what is contained books.
13. Ensure the validity of the insurance policies on cash on hand and in the road against theft, embezzlement, breach of trust and the statement of the adequacy of the insurance value of the cash treasury according to the average movement during the scan replaced.
14. access to bank certificates to indicate the validity of balances contained by what is recorded books.
15. confirm the monetary supply and bank balances in the financial statements.
16. Examination of outstanding checks in more than a memorandum of settlement during the examination period and to ensure delivery to the customer and see the last match with the customer after the date of extraction of the check.
17. examine the cashbook and matching deportation health from the previous day and the lack of any scrape or deleted.
18. matching checks that did not offer the exchange saved in the bank or the treasury and match them to what is recorded in the books.
19. make sure not to offset the city's bank accounts payable to show the nature of each account in the financial statements.
20. Order a statement of account and bank balances of others and moving testimony of those bank balances and matching it with financial records.
Seventh creditors:
1. Examination of movement on the vendor accounts and review the outstanding balances of some creditors to supporting documents.
2. Ensure that all suppliers balances resulting from the purchase or actual services and build on the bills submitted by the suppliers.
3. Review the bills carried over to the general ledger and accounts of suppliers.
4. Examination of cash payments and make sure they belong to suppliers' bills and that all bills have been paid.
5. Review bills receipt of the goods with the supplier invoices and bills enter stores
6. matching account balance suppliers with Mr. year with the balance Assistant for Mr. scored suppliers.
7. examine the agreements and contracts and lecturer of Directors and Executive Committees in order to identify the terms of dealing with suppliers
8. examine the records of the goods received to determine which purchases are not the work of her dues.
9. Review credits to suppliers and checking unpaid bills for long periods and find out the reasons for non-payment.
10. compared creditors payroll account balances suppliers with payments to creditors at a later time.
11. fact the city balances in accounts payable and reclassified
Eighth purchases:
1. make sure there appropriations budget estimates for the materials to be purchased
2. Verification of the technical department or productive determine the quantities to be purchased and specifications and recorded in a special register for the purpose of conforming with purchases.
3. Ensure storekeeper or accounting department of materials or costs arrival visa category to be purchased to re-order inventory or goods to be purchased from the force level.
4. make sure to follow procurement procedure in accordance with the instructions issued thereon.
5. Ensure the indivisibility of purchases for the purpose of being exceeded the limits of the powers granted
6. Follow-up records of receipt and verification of compliance with the technical specifications and commercial follow-up entries and registration cards and surveillance records
7. Ensure that each supplier invoice corresponding memorandum enter stores the same items on the invoice.
8. Review some purchases bills in terms of credit and price, quantities and input buffers.
9. Ensure the tax deduction at source and pay the bill proved to calculate the appropriate tax and audit compliance for supply to the IRS in accordance with the deadlines set by law.
10. Viewing returns purchases during the financial period under examination and to ensure the adoption of purchases returns and exit permits from the warehouse.
11. sample of purchases with repayment of the Bank and the Treasury statement calculations accuracy and certification of the cycle of documentary review.
12. Make sure to get more than one quote before you buy with matching those offers technically the standard trade-off between price.
13. See the decisions of the formation of the Procurement Committee and the authorities of credit and purchase the company in accordance with the regulations approved by the Board of Directors.
IX Sales:
1. Verification of the approval of the sales were from the competent authority and within the powers of sale.
2. Check for a price list and terms of sale accredited commercial and financial section.
3. Verify that the prices and conditions granted to customers with identical prices and terms approved the sale.
4. The matching-based sales invoice with O bonds and card type of stores, as well as the output register at the gate.
5. Ensure compliance with the sales invoice receipt of documents from the client.
6. Ensure invoices registration book of the analytical cash sales, according to her series, futures
7. ensure the application of all instructions contained Regulation sales of financial guarantees and payment facilities.
8. prepared statement, compared to sales and check out the changes between previous periods and their causes.
9. chose a sample of sales invoices and verify the registration books and the health of the deportation of the accounts of customers and sales.
10. examine some of the delivery of the goods orders and the extent of compliance with the bills and that the delivery is identical to client requests.
11. select a sample of sales and checking compliance with quality instruction and health control standards.
12. Check the integrity of the sales presentation in the financial statements.
13. Test the validity of the sequence of sales invoices in daily sales.
14. Verify that the sales related to the period under examination.
15. Viewing daily sales reports with Mnadeb sales rep sample and assay according to what is recorded books.
16. Sample examination of sales for major customers during the examination period.
17. examination of sales returns.
18. Examination discounts on sales and its own accreditation.
19. examine the conditions and guarantees sales and sales-term cash.
X. allocations:
1. get a statement indicating the reasons for allotment configuration and the balance of the first period and the balance of the end of the period and the balance used during the examination period.
2. Validate display allocations in the financial statements.
3. Verification of the demise of the purpose of the non-provisioning.
4. screening study of the project to customers in arrears on repayment of indebtedness and the reasons for non-compliance with payment and financial abilities.
5. sure of the extent of provision for doubtful debts is insufficient to customers latecomers.
6. examine the issues note prepared by the lawyer of the project and verify the configuration of allocations to all the customers issues raised against them.
7. examine allocations prior periods and make sure to use for the purposes of its constituent and review supporting documents and make sure not to cancel the previous allocations composition only after the corresponding commitment to its expiration.
8. see the instructions approved for provisioning and compliance by the authorities and the adoption of provisions taken during the examination period.
Eleventh financial investments
- Get a list of investment phase of the previous year and look at the movement during the financial period.
- Access to some of the buying and selling and the extent of compliance with the market prices at that date and the movement added or debit the bank.
- Make sure to match the bank certificate save the stocks and bonds or to the financial management of the company records to ensure conformity of investments balance of what is recorded financial records.
- Access to bank certificates to the effect that there is no mortgage on the bonds or shares with a custodian for any facilities, loans or buy on margin.
- Confirm the presentation of financial investments in the financial statements in accordance with the nature Is Held-to-maturity or held for trading and prove that the impact of the financial statements and profit and loss account.
- Access to stocks and bonds prices in the stock market in the history of the financial position replaces examination of the extent of the financial adequacy of the allowance value of investments and the amount of strengthening the impact of the decline.
- Access to some data investee companies to verify the accuracy and completeness of proof investments and financial records in accordance with the real values, especially non-current investments in the stock market and the formation of an ad hoc for the company's share in the successive losses in those companies.
- Confirm proof of bonus shares in accordance with the number and see the General Assembly decisions in that regard.
- A review of the health of stocks and bonds prove revenues and prove Erdadtha outstanding during the period examination shop.
- Check the stability of the company's commitment and investments used to assess policy.
- Get on the analysis of associated companies invested by adding the assets of the first period and the movement and payables and the balance outstanding on place of examination of financial position.
- Access to prove any obligations in exchange for the capital increase of investees.
- Validation disclose investments.
- Validation prove evaluation of investments in foreign currencies at the close of that currency in the history of the place to prepare the examination of financial position.
2. Administrative settings:
1. determine the salaries and compensation, allowances and commitment in a manner stated in the rules of procedure and system staff.
2. Auditing overtime and make sure that regular accreditation and authorities.
An audit by the following procedures:
A. Understanding the nature of the client in terms of the legal entity and type of activity and organizational structure to him and regulations and accounting in the light of this information to the auditor to accept the task of auditing process or apologize for that
B. Understanding of internal control systems components available at the client include understanding of internal control systems environment (the accounting systems used mechanism), and procedures for internal control systems and know how to put into practice and that through it determines the extent to which the client accounts to sift through, if it turns out his lack of ability to sift it withdraw from the task
C. Assess the degree of risk in the internal control systems, if it was agreed that the degree of risk is high in the internal control automatically systems reveal the physical things that showed what they are not in the final data audit risk is high or when the degree of risk in low-audit must understand the tuning systems and determine matters that reinforce the conviction because the auditor degree of risk is substandard.
D. Empirical scrutiny:
Rated checker uses the systems of internal control and audit risk his degree in determining the nature of the audit, the timing of the audit and the time required for the audit and the size of the sample work.
E. Evaluating the results of the audit
After the auditor in the audit, which decided to do is assess the results of the audit and the conclusions that came out in order to determine the possibility of base provides work reliably in to express his opinion on the final calculations of data.
And. Auditor's Report:
Shows the scope of the audit work done by the auditor shows conclusions regarding the fairness of the final calculation of data for each of the financial position and results of operations established under scrutiny auditor's report.
Intended to examine the audited accounts of internal control systems, data and documents and records
Economic unity under critical scrutiny examination organized with a view to exit neutral technical opinion on the extent of
Indication of the financial statements for the financial situation at the end of a given period of time and the extent of filmed for results
Of its profit or loss Thus, the audit includes examination (Examination)
And verification (Verification) and report (Reporting) examination is intended to ensure the accuracy of measurement and safety
Operations that have been recorded, analyzed and classified any measurement arithmetic own financial checks
The specific activity of the unit while it is intended to verify the possibility of the final judgment on the validity of financial statements
Being an expression of a sound basis for the work of the unit for a particular fiscal period and the significance of the financial position at the end of the period
Therefore, testing and verification, two interrelated intended them to enable the auditor to express an opinion
Whether measurement of financial transactions operations have led to the formation of a fair picture of the result
Unity and status Almala0 business
1. The financial and accounting matters
First of accounting records and restrictions:
The adequacy of the documentary cycle measurement
Date ensure the accuracy and integrity of deportation and accounting guidance
Secondly fixed assets:
1. Verification of a periodic inventory of items of fixed assets and the selection and review of a random sample actually on the ground to ensure the health of the inventory and the extent of its conformity to reality to ascertain the existence of such assets.
2. Verification of the stability of depreciation rates and calculated.
3. Verification of the proper use of the fixed assets of the intended purposes
4. obtain analytical summary shows the changes during the financial period in the examination of fixed assets replaced.
5. examination of systematic exclusions made during the review period and the safety of exclusions replace accounting.
6. Prepare a statement of fixed assets untapped.
7. Check for insurance of fixed assets and study duration and validity and terms of contracts.
8. found on some bills purchase of fixed assets during the year and the extent of adherence to the rules of procurement and regulatory approvals them according to the regulations of the company and the extent of the health of the entry and exit from the warehouse to prove those assets and depreciation rates that Baansabha been recommending over the useful life of the asset.
9. selecting a random sample of fixed assets program on the computer and perform tests on the validity of the statement recorded in accordance with the records of each type and the accuracy of calculation of depreciation rates during the examination period and replace tab.
10-access to the opening balances of fixed assets and the extent of deportation accuracy according to financial records and financial statements and the extent of regularity in proving assets during the period classified according to replace the examination.
11. Review movable fixed assets additions of projects under implementation and the extent of deportation effective date of the operation of the accuracy of the statement after a delay in the transfer of fixed assets to show the results of the activity without calculating depreciation rates according to the actual operating schedules.
12. In the event of revalued assets annually are found on evaluation reports, taking into account the reasonableness of the evaluation and the bases used.
13. If there is dedicated assets are checked for the presence of those assets and provable and processed proper treatment.
14. Review the extent of matching fixed assets purchased during the period under examination with the approved budget estimates.
15. Analysis of some elements of costs charged on fixed assets to ascertain the validity of the calculated that asset.
16. study assessing the internal control system of fixed assets
Thirdly stock:
1. Review the movement under the entries and output of some varieties and matching their assets with inventory and match them with the purchase invoices
2. Ensure regular enrollment cards and records stores
3. Verification of a periodic inventory of stores and make sure to do a sudden inventory of samples from the assets of the stores from time to time.
4. Verify that the stock does not include non-owned goods.
5. Check the status and quality of inventory and preparing the statement of slow-moving or damaged varieties.
6. examine the foundations and methods of inventory pricing
7. Verify the integrity of stored items and keep them intact
8. make sure there is no record of personal era described by the types and quantities received.
9. measure the efficiency and adequacy of personnel stores suitable for the realization of their expertise in charge of it and how.
10. Ensure that all stores an exit permit was issued based on the sales invoice or request for the needs of the supported operating.
11. Verify that the additions to the inventory made after confirmation of the safety of goods purchased and the signing of Technical Officer or the competent committee or responsible for production.
12. validate the inventory display a list of the financial position and health of cost of goods sold display a list of business results.
13. make sure there is a lock on the inventory and study duration and validity and terms of contracts.
14. Viewing settlement changes between inventory quantities beginning of the year and the end of the year with records of purchases, production and sales.
15. inventory turnover compared to a year examination with inventory turnover rate last year for examination.
16. verification of the cost of the important materials and components with suppliers' bills.
17. Review materials involved in the production operating under full production with supporting evidence - bills Exchange warehouses -
18. Revision industrial indirect expenses involved in the production under the operating and full production with supporting evidence - User costs -
19. examine the foundations of the development of standards and the cost of the actual costs of deviations from standard mil of materials, wages and other expenses.
20. matching opening and closing balances of inventory with purchases and records of production and sales.
21. verification of the gross profit percentage for each product or each section.
22. Verification of deviations year with the approved budget estimates approved.
23. Review the inventory of finished goods and components under operating - materials, labor, industrial indirect expenses - and compare it with previous years.
24. measure the chronological age of the production under operation.
25. see the work carried out and payments payments under the account to make sure the correct her treatment.
26. Send endorsements in the event of a stock with an external party to make sure that there are no obligations on those goods.
27. examination shows no difference between notebook inventory and actual inventory.
28. Revision sales returns to validate the impacts on the inventory records.
29. Custom Scan falling value of inventory including follow-up items that appeared damaged or slow motion or varying in payroll inventory.
30. Review the inventory allocated for the reconstruction of the adequacy of the estimate.
31. checking inventory lists to verify the separation of raw materials safety and operating under full production, production and goods purchased for resale.
Fourth Debtors:
1. Verify that the debtors bills belonging to a sound sales operations (based on the output buffers and bills receipt) warrants.
2. examine all aspects of a sample of sales operations and review the restriction movement customer accounts and make sure it was based on incorrect sales invoices.
3. make sure there is a prior study of the situation of financial clients who are granted payment facilities and the need to provide guarantees.
4. Review of documentary collections by check through the bank account statements and invoices linking of the indebtedness
5. Sample examination of returns and notices of additions and make sure there is diary entry for goods stores and bounced login portal
6. make sure you send endorsements for customers to match their assets.
7. debts executed statutory approvals own review.
8. Viewing lawsuits relating to arrears and bad debts linked files
9. Get to detect the debt ages analysis linked with repayment of credit facilities to customers and the provision for doubtful debts
10. Review ancestor of workers and ensure compliance with the instructions governing them and prove the validity of the financial statements.
11. Showing confirm accounts receivable in the financial statements and sales in the list of business results.
12. Review some of the assets of clients during the year according to the movement of the statement you been to prove operations is a real movement occurring on the account in order to not appear in the customer's account balances stalled for debt repayment in accordance with the reconstruction program.
13. Viewing the movement of the assets of customers to make sure not to conduct the transfer of certain assets of clients who drop out of payment on behalf of other clients in the regular payment or on behalf of new customers for the purpose of concealing some clients defaulting to lack Provision for doubtful for those customers.
14. reviewing the adequacy of the allowance for doubtful debts in the collection of the interview balances customers defaulting on payments.
15. See comment on the statement and customer endorsements differences between funds received from customers and the assets of the company's customers and the deviations between them and their causes.
16. Review the discount granted to customers when the payment authority and dependence.
17. Revision assets abnormal about nature and the reasons for this deviation from the nature of the account.
18. Review the extent to which the company set-off between the assets of the customer with the city Arsthm creditor to indicate whether each account are recognized in accordance with the nature or not.
19. Measuring the assets of debtors turnover during the year and the average balances of receivables.
20. See matches that have been made on the assets of customer accounts during the period examination shop.
V. documentary credits:
Documentary credits:
1. Ensure regular contracting with suppliers in terms of the powers of credit, price, quality.
2. access to rely to determine the terms of the contract and check it to ensure that the rights of the company's file and that he was open to rely according to these conditions.
C.I.F (Cost - Insurance - Frieght)
Means that which will ship the goods will bear all of the cost of the goods and insurance and shipping costs until they are ready delivery in the port of importation.
F.O.B - Free On Board
Means that the goods are the responsibility of the importer of the goods when they are ready for delivery on the sidewalk shipping your source, then the importer shall insurance and expenses shipped until reaching the port of the importer, the importer shall bear the risk of loss if anything happened to the goods.
C & F (Cost - Fright).
Means that the source bear the costs and expenses of the goods shipped, but insurance costs borne by the importer of the goods
C & I (Cost - Insurance).
Any source that bear the cost of the goods and insured, but bear imported freight charges from the source port until the port of importation.
See Terms of dependence in terms of:
- The date of opening of L and duration
- Work to open the credit and is it a local currency or foreign currency.
- Accreditation commission and all expenses related to it.
- Commission on the debit balance in the event of late payment of debit balance and interest.
- The beneficiary of the opening of L and the name of the supplier and the Bank of resource that will be dealt with.
- Follow-up count what has been implemented and whether it committed supplier of all items.
- Matching the amount of credit purchase invoices.
- A review of the documents attached drawing and shipping documents and insurance policies and the initial bill and all the terms of the letter.
- Canceled appropriations and what was on them and the reasons for the cancellation.
3. access to quotations, which supports external supplier preference.
4. To ensure the closure of ending dependence books properly and Review chains accounting.
VI cash to banks and fund:
1. Ensure cash register receipts quickly and accurately and deposit daily receipts Bank.
2. Verification of the separation deal of cash for maintaining accounting records
3. matching funds to accounts with balances and adjustments payroll bank accounts
4. inventory of all bank accounts and obtain statements from the bank accounts
5. Ensure the preparation of bank reconciliations are by someone who does not deal in cash and the issuance of checks
6. Review of bank reconciliations, validating and subject to tighten internal controls and matching bank reconciliations and financial records and bank statement and see more of the memorandum of settlement of the settlement statement pendants in the next month or not.
7. Examination approvals received from customers and account statements with suppliers
8. examine the cash book and check those receipts and payments.
9. Details statement matching collections with portfolios of deposit and bank notices
10. Ensure the safety and health transfers between bank accounts and special operations between the balances of accounts receivable and payable.
11. preparing the statement of counter-checks from the bank due to insufficient funds checks, which did not provide for the collection for more than thirty days.
12. Ensure the periodic inventory and cash balances on hand and match books and take an inventory of the cash balance and its conformity to what is contained books.
13. Ensure the validity of the insurance policies on cash on hand and in the road against theft, embezzlement, breach of trust and the statement of the adequacy of the insurance value of the cash treasury according to the average movement during the scan replaced.
14. access to bank certificates to indicate the validity of balances contained by what is recorded books.
15. confirm the monetary supply and bank balances in the financial statements.
16. Examination of outstanding checks in more than a memorandum of settlement during the examination period and to ensure delivery to the customer and see the last match with the customer after the date of extraction of the check.
17. examine the cashbook and matching deportation health from the previous day and the lack of any scrape or deleted.
18. matching checks that did not offer the exchange saved in the bank or the treasury and match them to what is recorded in the books.
19. make sure not to offset the city's bank accounts payable to show the nature of each account in the financial statements.
20. Order a statement of account and bank balances of others and moving testimony of those bank balances and matching it with financial records.
Seventh creditors:
1. Examination of movement on the vendor accounts and review the outstanding balances of some creditors to supporting documents.
2. Ensure that all suppliers balances resulting from the purchase or actual services and build on the bills submitted by the suppliers.
3. Review the bills carried over to the general ledger and accounts of suppliers.
4. Examination of cash payments and make sure they belong to suppliers' bills and that all bills have been paid.
5. Review bills receipt of the goods with the supplier invoices and bills enter stores
6. matching account balance suppliers with Mr. year with the balance Assistant for Mr. scored suppliers.
7. examine the agreements and contracts and lecturer of Directors and Executive Committees in order to identify the terms of dealing with suppliers
8. examine the records of the goods received to determine which purchases are not the work of her dues.
9. Review credits to suppliers and checking unpaid bills for long periods and find out the reasons for non-payment.
10. compared creditors payroll account balances suppliers with payments to creditors at a later time.
11. fact the city balances in accounts payable and reclassified
Eighth purchases:
1. make sure there appropriations budget estimates for the materials to be purchased
2. Verification of the technical department or productive determine the quantities to be purchased and specifications and recorded in a special register for the purpose of conforming with purchases.
3. Ensure storekeeper or accounting department of materials or costs arrival visa category to be purchased to re-order inventory or goods to be purchased from the force level.
4. make sure to follow procurement procedure in accordance with the instructions issued thereon.
5. Ensure the indivisibility of purchases for the purpose of being exceeded the limits of the powers granted
6. Follow-up records of receipt and verification of compliance with the technical specifications and commercial follow-up entries and registration cards and surveillance records
7. Ensure that each supplier invoice corresponding memorandum enter stores the same items on the invoice.
8. Review some purchases bills in terms of credit and price, quantities and input buffers.
9. Ensure the tax deduction at source and pay the bill proved to calculate the appropriate tax and audit compliance for supply to the IRS in accordance with the deadlines set by law.
10. Viewing returns purchases during the financial period under examination and to ensure the adoption of purchases returns and exit permits from the warehouse.
11. sample of purchases with repayment of the Bank and the Treasury statement calculations accuracy and certification of the cycle of documentary review.
12. Make sure to get more than one quote before you buy with matching those offers technically the standard trade-off between price.
13. See the decisions of the formation of the Procurement Committee and the authorities of credit and purchase the company in accordance with the regulations approved by the Board of Directors.
IX Sales:
1. Verification of the approval of the sales were from the competent authority and within the powers of sale.
2. Check for a price list and terms of sale accredited commercial and financial section.
3. Verify that the prices and conditions granted to customers with identical prices and terms approved the sale.
4. The matching-based sales invoice with O bonds and card type of stores, as well as the output register at the gate.
5. Ensure compliance with the sales invoice receipt of documents from the client.
6. Ensure invoices registration book of the analytical cash sales, according to her series, futures
7. ensure the application of all instructions contained Regulation sales of financial guarantees and payment facilities.
8. prepared statement, compared to sales and check out the changes between previous periods and their causes.
9. chose a sample of sales invoices and verify the registration books and the health of the deportation of the accounts of customers and sales.
10. examine some of the delivery of the goods orders and the extent of compliance with the bills and that the delivery is identical to client requests.
11. select a sample of sales and checking compliance with quality instruction and health control standards.
12. Check the integrity of the sales presentation in the financial statements.
13. Test the validity of the sequence of sales invoices in daily sales.
14. Verify that the sales related to the period under examination.
15. Viewing daily sales reports with Mnadeb sales rep sample and assay according to what is recorded books.
16. Sample examination of sales for major customers during the examination period.
17. examination of sales returns.
18. Examination discounts on sales and its own accreditation.
19. examine the conditions and guarantees sales and sales-term cash.
X. allocations:
1. get a statement indicating the reasons for allotment configuration and the balance of the first period and the balance of the end of the period and the balance used during the examination period.
2. Validate display allocations in the financial statements.
3. Verification of the demise of the purpose of the non-provisioning.
4. screening study of the project to customers in arrears on repayment of indebtedness and the reasons for non-compliance with payment and financial abilities.
5. sure of the extent of provision for doubtful debts is insufficient to customers latecomers.
6. examine the issues note prepared by the lawyer of the project and verify the configuration of allocations to all the customers issues raised against them.
7. examine allocations prior periods and make sure to use for the purposes of its constituent and review supporting documents and make sure not to cancel the previous allocations composition only after the corresponding commitment to its expiration.
8. see the instructions approved for provisioning and compliance by the authorities and the adoption of provisions taken during the examination period.
Eleventh financial investments
- Get a list of investment phase of the previous year and look at the movement during the financial period.
- Access to some of the buying and selling and the extent of compliance with the market prices at that date and the movement added or debit the bank.
- Make sure to match the bank certificate save the stocks and bonds or to the financial management of the company records to ensure conformity of investments balance of what is recorded financial records.
- Access to bank certificates to the effect that there is no mortgage on the bonds or shares with a custodian for any facilities, loans or buy on margin.
- Confirm the presentation of financial investments in the financial statements in accordance with the nature Is Held-to-maturity or held for trading and prove that the impact of the financial statements and profit and loss account.
- Access to stocks and bonds prices in the stock market in the history of the financial position replaces examination of the extent of the financial adequacy of the allowance value of investments and the amount of strengthening the impact of the decline.
- Access to some data investee companies to verify the accuracy and completeness of proof investments and financial records in accordance with the real values, especially non-current investments in the stock market and the formation of an ad hoc for the company's share in the successive losses in those companies.
- Confirm proof of bonus shares in accordance with the number and see the General Assembly decisions in that regard.
- A review of the health of stocks and bonds prove revenues and prove Erdadtha outstanding during the period examination shop.
- Check the stability of the company's commitment and investments used to assess policy.
- Get on the analysis of associated companies invested by adding the assets of the first period and the movement and payables and the balance outstanding on place of examination of financial position.
- Access to prove any obligations in exchange for the capital increase of investees.
- Validation disclose investments.
- Validation prove evaluation of investments in foreign currencies at the close of that currency in the history of the place to prepare the examination of financial position.
2. Administrative settings:
1. determine the salaries and compensation, allowances and commitment in a manner stated in the rules of procedure and system staff.
2. Auditing overtime and make sure that regular accreditation and authorities
I AGREE WITH ALL ANSWERS
Intended to examine the audited accounts of internal control systems, data and documents and records
Economic unity under critical scrutiny examination organized with a view to exit neutral technical opinion on the extent of
Indication of the financial statements for the financial situation at the end of a given period of time and the extent of filmed for results
Of its profit or loss Thus, the audit includes examination (Examination)
And verification (Verification) and report (Reporting) examination is intended to ensure the accuracy of measurement and safety
Operations that have been recorded, analyzed and classified any measurement arithmetic own financial checks
The specific activity of the unit while it is intended to verify the possibility of the final judgment on the validity of financial statements
Being an expression of a sound basis for the work of the unit for a particular fiscal period and the significance of the financial position at the end of the period
Therefore, testing and verification, two interrelated intended them to enable the auditor to express an opinion
Whether measurement of financial transactions operations have led to the formation of a fair picture of the result
Unity and status Almala0 business
1. The financial and accounting matters
First of accounting records and restrictions:
The adequacy of the documentary cycle measurement
Date ensure the accuracy and integrity of deportation and accounting guidance
Secondly fixed assets:
1. Verification of a periodic inventory of items of fixed assets and the selection and review of a random sample actually on the ground to ensure the health of the inventory and the extent of its conformity to reality to ascertain the existence of such assets.
2. Verification of the stability of depreciation rates and calculated.
3. Verification of the proper use of the fixed assets of the intended purposes
4. obtain analytical summary shows the changes during the financial period in the examination of fixed assets replaced.
5. examination of systematic exclusions made during the review period and the safety of exclusions replace accounting.
6. Prepare a statement of fixed assets untapped.
7. Check for insurance of fixed assets and study duration and validity and terms of contracts.
8. found on some bills purchase of fixed assets during the year and the extent of adherence to the rules of procurement and regulatory approvals them according to the regulations of the company and the extent of the health of the entry and exit from the warehouse to prove those assets and depreciation rates that Baansabha been recommending over the useful life of the asset.
9. selecting a random sample of fixed assets program on the computer and perform tests on the validity of the statement recorded in accordance with the records of each type and the accuracy of calculation of depreciation rates during the examination period and replace tab.
10-access to the opening balances of fixed assets and the extent of deportation accuracy according to financial records and financial statements and the extent of regularity in proving assets during the period classified according to replace the examination.
11. Review movable fixed assets additions of projects under implementation and the extent of deportation effective date of the operation of the accuracy of the statement after a delay in the transfer of fixed assets to show the results of the activity without calculating depreciation rates according to the actual operating schedules.
12. In the event of revalued assets annually are found on evaluation reports, taking into account the reasonableness of the evaluation and the bases used.
13. If there is dedicated assets are checked for the presence of those assets and provable and processed proper treatment.
14. Review the extent of matching fixed assets purchased during the period under examination with the approved budget estimates.
15. Analysis of some elements of costs charged on fixed assets to ascertain the validity of the calculated that asset.
16. study assessing the internal control system of fixed assets
Thirdly stock:
1. Review the movement under the entries and output of some varieties and matching their assets with inventory and match them with the purchase invoices
2. Ensure regular enrollment cards and records stores
3. Verification of a periodic inventory of stores and make sure to do a sudden inventory of samples from the assets of the stores from time to time.
4. Verify that the stock does not include non-owned goods.
5. Check the status and quality of inventory and preparing the statement of slow-moving or damaged varieties.
6. examine the foundations and methods of inventory pricing
7. Verify the integrity of stored items and keep them intact
8. make sure there is no record of personal era described by the types and quantities received.
9. measure the efficiency and adequacy of personnel stores suitable for the realization of their expertise in charge of it and how.
10. Ensure that all stores an exit permit was issued based on the sales invoice or request for the needs of the supported operating.
11. Verify that the additions to the inventory made after confirmation of the safety of goods purchased and the signing of Technical Officer or the competent committee or responsible for production.
12. validate the inventory display a list of the financial position and health of cost of goods sold display a list of business results.
13. make sure there is a lock on the inventory and study duration and validity and terms of contracts.
14. Viewing settlement changes between inventory quantities beginning of the year and the end of the year with records of purchases, production and sales.
15. inventory turnover compared to a year examination with inventory turnover rate last year for examination.
16. verification of the cost of the important materials and components with suppliers' bills.
17. Review materials involved in the production operating under full production with supporting evidence - bills Exchange warehouses -
18. Revision industrial indirect expenses involved in the production under the operating and full production with supporting evidence - User costs -
19. examine the foundations of the development of standards and the cost of the actual costs of deviations from standard mil of materials, wages and other expenses.
20. matching opening and closing balances of inventory with purchases and records of production and sales.
21. verification of the gross profit percentage for each product or each section.
22. Verification of deviations year with the approved budget estimates approved.
23. Review the inventory of finished goods and components under operating - materials, labor, industrial indirect expenses - and compare it with previous years.
24. measure the chronological age of the production under operation.
25. see the work carried out and payments payments under the account to make sure the correct her treatment.
26. Send endorsements in the event of a stock with an external party to make sure that there are no obligations on those goods.
27. examination shows no difference between notebook inventory and actual inventory.
28. Revision sales returns to validate the impacts on the inventory records.
29. Custom Scan falling value of inventory including follow-up items that appeared damaged or slow motion or varying in payroll inventory.
30. Review the inventory allocated for the reconstruction of the adequacy of the estimate.
31. checking inventory lists to verify the separation of raw materials safety and operating under full production, production and goods purchased for resale.
Fourth Debtors:
1. Verify that the debtors bills belonging to a sound sales operations (based on the output buffers and bills receipt) warrants.
2. examine all aspects of a sample of sales operations and review the restriction movement customer accounts and make sure it was based on incorrect sales invoices.
3. make sure there is a prior study of the situation of financial clients who are granted payment facilities and the need to provide guarantees.
4. Review of documentary collections by check through the bank account statements and invoices linking of the indebtedness
5. Sample examination of returns and notices of additions and make sure there is diary entry for goods stores and bounced login portal
6. make sure you send endorsements for customers to match their assets.
7. debts executed statutory approvals own review.
8. Viewing lawsuits relating to arrears and bad debts linked files
9. Get to detect the debt ages analysis linked with repayment of credit facilities to customers and the provision for doubtful debts
10. Review ancestor of workers and ensure compliance with the instructions governing them and prove the validity of the financial statements.
11. Showing confirm accounts receivable in the financial statements and sales in the list of business results.
12. Review some of the assets of clients during the year according to the movement of the statement you been to prove operations is a real movement occurring on the account in order to not appear in the customer's account balances stalled for debt repayment in accordance with the reconstruction program.
13. Viewing the movement of the assets of customers to make sure not to conduct the transfer of certain assets of clients who drop out of payment on behalf of other clients in the regular payment or on behalf of new customers for the purpose of concealing some clients defaulting to lack Provision for doubtful for those customers.
14. reviewing the adequacy of the allowance for doubtful debts in the collection of the interview balances customers defaulting on payments.
15. See comment on the statement and customer endorsements differences between funds received from customers and the assets of the company's customers and the deviations between them and their causes.
16. Review the discount granted to customers when the payment authority and dependence.
17. Revision assets abnormal about nature and the reasons for this deviation from the nature of the account.
18. Review the extent to which the company set-off between the assets of the customer with the city Arsthm creditor to indicate whether each account are recognized in accordance with the nature or not.
19. Measuring the assets of debtors turnover during the year and the average balances of receivables.
20. See matches that have been made on the assets of customer accounts during the period examination shop.
V. documentary credits:
Documentary credits:
1. Ensure regular contracting with suppliers in terms of the powers of credit, price, quality.
2. access to rely to determine the terms of the contract and check it to ensure that the rights of the company's file and that he was open to rely according to these conditions.
C.I.F (Cost - Insurance - Frieght)
Means that which will ship the goods will bear all of the cost of the goods and insurance and shipping costs until they are ready delivery in the port of importation.
F.O.B - Free On Board
Means that the goods are the responsibility of the importer of the goods when they are ready for delivery on the sidewalk shipping your source, then the importer shall insurance and expenses shipped until reaching the port of the importer, the importer shall bear the risk of loss if anything happened to the goods.
C & F (Cost - Fright).
Means that the source bear the costs and expenses of the goods shipped, but insurance costs borne by the importer of the goods
C & I (Cost - Insurance).
Any source that bear the cost of the goods and insured, but bear imported freight charges from the source port until the port of importation.
See Terms of dependence in terms of:
- The date of opening of L and duration
- Work to open the credit and is it a local currency or foreign currency.
- Accreditation commission and all expenses related to it.
- Commission on the debit balance in the event of late payment of debit balance and interest.
- The beneficiary of the opening of L and the name of the supplier and the Bank of resource that will be dealt with.
- Follow-up count what has been implemented and whether it committed supplier of all items.
- Matching the amount of credit purchase invoices.
- A review of the documents attached drawing and shipping documents and insurance policies and the initial bill and all the terms of the letter.
- Canceled appropriations and what was on them and the reasons for the cancellation.
3. access to quotations, which supports external supplier preference.
4. To ensure the closure of ending dependence books properly and Review chains accounting.
VI cash to banks and fund:
1. Ensure cash register receipts quickly and accurately and deposit daily receipts Bank.
2. Verification of the separation deal of cash for maintaining accounting records
3. matching funds to accounts with balances and adjustments payroll bank accounts
4. inventory of all bank accounts and obtain statements from the bank accounts
5. Ensure the preparation of bank reconciliations are by someone who does not deal in cash and the issuance of checks
6. Review of bank reconciliations, validating and subject to tighten internal controls and matching bank reconciliations and financial records and bank statement and see more of the memorandum of settlement of the settlement statement pendants in the next month or not.
7. Examination approvals received from customers and account statements with suppliers
8. examine the cash book and check those receipts and payments.
9. Details statement matching collections with portfolios of deposit and bank notices
10. Ensure the safety and health transfers between bank accounts and special operations between the balances of accounts receivable and payable.
11. preparing the statement of counter-checks from the bank due to insufficient funds checks, which did not provide for the collection for more than thirty days.
12. Ensure the periodic inventory and cash balances on hand and match books and take an inventory of the cash balance and its conformity to what is contained books.
13. Ensure the validity of the insurance policies on cash on hand and in the road against theft, embezzlement, breach of trust and the statement of the adequacy of the insurance value of the cash treasury according to the average movement during the scan replaced.
14. access to bank certificates to indicate the validity of balances contained by what is recorded books.
15. confirm the monetary supply and bank balances in the financial statements.
16. Examination of outstanding checks in more than a memorandum of settlement during the examination period and to ensure delivery to the customer and see the last match with the customer after the date of extraction of the check.
17. examine the cashbook and matching deportation health from the previous day and the lack of any scrape or deleted.
18. matching checks that did not offer the exchange saved in the bank or the treasury and match them to what is recorded in the books.
19. make sure not to offset the city's bank accounts payable to show the nature of each account in the financial statements.
20. Order a statement of account and bank balances of others and moving testimony of those bank balances and matching it with financial records.
Seventh creditors:
1. Examination of movement on the vendor accounts and review the outstanding balances of some creditors to supporting documents.
2. Ensure that all suppliers balances resulting from the purchase or actual services and build on the bills submitted by the suppliers.
3. Review the bills carried over to the general ledger and accounts of suppliers.
4. Examination of cash payments and make sure they belong to suppliers' bills and that all bills have been paid.
5. Review bills receipt of the goods with the supplier invoices and bills enter stores
6. matching account balance suppliers with Mr. year with the balance Assistant for Mr. scored suppliers.
7. examine the agreements and contracts and lecturer of Directors and Executive Committees in order to identify the terms of dealing with suppliers
8. examine the records of the goods received to determine which purchases are not the work of her dues.
9. Review credits to suppliers and checking unpaid bills for long periods and find out the reasons for non-payment.
10. compared creditors payroll account balances suppliers with payments to creditors at a later time.
11. fact the city balances in accounts payable and reclassified
Eighth purchases:
1. make sure there appropriations budget estimates for the materials to be purchased
2. Verification of the technical department or productive determine the quantities to be purchased and specifications and recorded in a special register for the purpose of conforming with purchases.
3. Ensure storekeeper or accounting department of materials or costs arrival visa category to be purchased to re-order inventory or goods to be purchased from the force level.
4. make sure to follow procurement procedure in accordance with the instructions issued thereon.
5. Ensure the indivisibility of purchases for the purpose of being exceeded the limits of the powers granted
6. Follow-up records of receipt and verification of compliance with the technical specifications and commercial follow-up entries and registration cards and surveillance records
7. Ensure that each supplier invoice corresponding memorandum enter stores the same items on the invoice.
8. Review some purchases bills in terms of credit and price, quantities and input buffers.
9. Ensure the tax deduction at source and pay the bill proved to calculate the appropriate tax and audit compliance for supply to the IRS in accordance with the deadlines set by law.
10. Viewing returns purchases during the financial period under examination and to ensure the adoption of purchases returns and exit permits from the warehouse.
11. sample of purchases with repayment of the Bank and the Treasury statement calculations accuracy and certification of the cycle of documentary review.
12. Make sure to get more than one quote before you buy with matching those offers technically the standard trade-off between price.
13. See the decisions of the formation of the Procurement Committee and the authorities of credit and purchase the company in accordance with the regulations approved by the Board of Directors.
IX Sales:
1. Verification of the approval of the sales were from the competent authority and within the powers of sale.
2. Check for a price list and terms of sale accredited commercial and financial section.
3. Verify that the prices and conditions granted to customers with identical prices and terms approved the sale.
4. The matching-based sales invoice with O bonds and card type of stores, as well as the output register at the gate.
5. Ensure compliance with the sales invoice receipt of documents from the client.
6. Ensure invoices registration book of the analytical cash sales, according to her series, futures
7. ensure the application of all instructions contained Regulation sales of financial guarantees and payment facilities.
8. prepared statement, compared to sales and check out the changes between previous periods and their causes.
9. chose a sample of sales invoices and verify the registration books and the health of the deportation of the accounts of customers and sales.
10. examine some of the delivery of the goods orders and the extent of compliance with the bills and that the delivery is identical to client requests.
11. select a sample of sales and checking compliance with quality instruction and health control standards.
12. Check the integrity of the sales presentation in the financial statements.
13. Test the validity of the sequence of sales invoices in daily sales.
14. Verify that the sales related to the period under examination.
15. Viewing daily sales reports with Mnadeb sales rep sample and assay according to what is recorded books.
16. Sample examination of sales for major customers during the examination period.
17. examination of sales returns.
18. Examination discounts on sales and its own accreditation.
19. examine the conditions and guarantees sales and sales-term cash.
X. allocations:
1. get a statement indicating the reasons for allotment configuration and the balance of the first period and the balance of the end of the period and the balance used during the examination period.
2. Validate display allocations in the financial statements.
3. Verification of the demise of the purpose of the non-provisioning.
4. screening study of the project to customers in arrears on repayment of indebtedness and the reasons for non-compliance with payment and financial abilities.
5. sure of the extent of provision for doubtful debts is insufficient to customers latecomers.
6. examine the issues note prepared by the lawyer of the project and verify the configuration of allocations to all the customers issues raised against them.
7. examine allocations prior periods and make sure to use for the purposes of its constituent and review supporting documents and make sure not to cancel the previous allocations composition only after the corresponding commitment to its expiration.
8. see the instructions approved for provisioning and compliance by the authorities and the adoption of provisions taken during the examination period.
Eleventh financial investments
- Get a list of investment phase of the previous year and look at the movement during the financial period.
- Access to some of the buying and selling and the extent of compliance with the market prices at that date and the movement added or debit the bank.
- Make sure to match the bank certificate save the stocks and bonds or to the financial management of the company records to ensure conformity of investments balance of what is recorded financial records.
- Access to bank certificates to the effect that there is no mortgage on the bonds or shares with a custodian for any facilities, loans or buy on margin.
- Confirm the presentation of financial investments in the financial statements in accordance with the nature Is Held-to-maturity or held for trading and prove that the impact of the financial statements and profit and loss account.
- Access to stocks and bonds prices in the stock market in the history of the financial position replaces examination of the extent of the financial adequacy of the allowance value of investments and the amount of strengthening the impact of the decline.
- Access to some data investee companies to verify the accuracy and completeness of proof investments and financial records in accordance with the real values, especially non-current investments in the stock market and the formation of an ad hoc for the company's share in the successive losses in those companies.
- Confirm proof of bonus shares in accordance with the number and see the General Assembly decisions in that regard.
- A review of the health of stocks and bonds prove revenues and prove Erdadtha outstanding during the period examination shop.
- Check the stability of the company's commitment and investments used to assess policy.
- Get on the analysis of associated companies invested by adding the assets of the first period and the movement and payables and the balance outstanding on place of examination of financial position.
- Access to prove any obligations in exchange for the capital increase of investees.
- Validation disclose investments.
- Validation prove evaluation of investments in foreign currencies at the close of that currency in the history of the place to prepare the examination of financial position.
2. Administrative settings:
1. determine the salaries and compensation, allowances and commitment in a manner stated in the rules of procedure and system staff.
2. Auditing overtime and make sure that regular accreditation and authorities.
Agreed with all champs.
agreed with answers above
I agree with everyone
