AUDIT OF INCOME AND EXPENSE

AUDIT OF OTHER INCOME

AUDIT OF OTHER INCOME

Scrutinize the entries in the general ledger and general journal for any other income or other receivables recorded thereto. Test check entries in intercompany accounts to determine whether shifting of...

AUDIT OF OTHER INCOME

Scrutinize the entries in the general ledger and general journal for any other income or other receivables recorded thereto. Test check entries in intercompany accounts to determine whether shifting of...

AUDIT OF INCOME FROM SALE OF ASSET

AUDIT OF INCOME FROM SALE OF ASSET

Identify in the tax returns and financial statements any sale, exchange or disposal of assets other than inventories or stocks in trade. Obtain copies of deeds of sale and other...

AUDIT OF INCOME FROM SALE OF ASSET

Identify in the tax returns and financial statements any sale, exchange or disposal of assets other than inventories or stocks in trade. Obtain copies of deeds of sale and other...

AUDIT OF PROFESSIONAL FEES

AUDIT OF PROFESSIONAL FEES

Determine the taxpayer’s accounting method of recognizing income, whether cash or accrual. Examine contracts with clients and other correspondence/documents in relation to professional services rendered. Compare income reported on the...

AUDIT OF PROFESSIONAL FEES

Determine the taxpayer’s accounting method of recognizing income, whether cash or accrual. Examine contracts with clients and other correspondence/documents in relation to professional services rendered. Compare income reported on the...

AUDIT OF RENT INCOME

AUDIT OF RENT INCOME

Obtain and review copies of lease contracts. Conduct ocular inspection of the premises under lease. Identify tenants and monthly or annual rentals. Relate real properties under lease agreement to assets...

AUDIT OF RENT INCOME

Obtain and review copies of lease contracts. Conduct ocular inspection of the premises under lease. Identify tenants and monthly or annual rentals. Relate real properties under lease agreement to assets...

AUDIT OF SALES

AUDIT OF SALES

Review the taxpayer’s accounting method of revenue recognition if the same is acceptable and consistent with prior years. Ascertain that all sales were reported as of the cut-off date. Cutoff...

AUDIT OF SALES

Review the taxpayer’s accounting method of revenue recognition if the same is acceptable and consistent with prior years. Ascertain that all sales were reported as of the cut-off date. Cutoff...

AUDIT OF INCOME AND EXPENSE

AUDIT OF INCOME AND EXPENSE

This Chapter discusses the books of accounts, accounting records and documents used to record income and expense transactions. It enumerates the audit procedures and techniques for income and expenses. The...

AUDIT OF INCOME AND EXPENSE

This Chapter discusses the books of accounts, accounting records and documents used to record income and expense transactions. It enumerates the audit procedures and techniques for income and expenses. The...