AUDIT OF INCOME AND EXPENSE
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
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
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
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
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
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...