Audit Program Cash and Bank Balances

Audit Program Cash and bank balances Audit Program (i) Cash and bank balances

Client: Period: Subject:

WP Ref.: Prepared by: Date: Reviewed by Date

Cash and bank balances

Account balances: Cash in hand

Amount in Rs.

Cash at bank- Current  - PL

Classes of transactions:

S. No.

Audit Objectives

Assertions

Risk Assessment IR

!. %. . *.

+.

"ll cash and bank balances are c#$p c#$ple lete tely ly and and acc accur urat atel ely y rec rec#r #rde ded d

C"

"ll rec# rec#rd rde ed ca cash an and ba bank ba balan lances ces actually e&ist.

'

"ll cash and bank balances are rec#rded at appr#priate values.



"ll cash and ba bank ba balances ces re rec#rde rded are #wned by the client and title is als# in the na$e #f client.

R

"ll cash and bank balances are presente presented d and all discl#su discl#sures res have

,C"L

CR

ROSM

been iven in acc#rdance with the #urth chedule #f the C#$panies ,rdinance/ !01* and relevant 2"s.

S. No.

R3

Audit Procedures

Objective

#est of Controls !.

"ssess the reas#nableness #f desin #f   "LL syste$ #f internal c#ntr#l by en4uirin relevant client pers#nnel and d#cu$entin the sa$e (if n#t a d#cu$ented syste$ $anual has been devel#ped by the client).  " walk thr#uh test w#uld be necessary t# c#nfir$ the understandin as d#cu$ented. 2dentify the preventive (e&ercised bef#re incurrence #f transacti#ns and event) and detective (e&ercised after incurrence #f  transacti#ns and event) c#ntr#ls established by $anae$ent t# supp#rt its asserti#ns.

%.

Check #n sa$ple #f selected transacti#ns  "LL c#verin the wh#le peri#d that all preventive c#ntr#ls are e&ercised #n all transacti#ns.

.

Check #n a sa$ple #f transacti#ns that  "LL detective c#ntr#ls are appr#priately been e&ercised and in case #f any detecti#n #f  err#r5 fraud/ pr#per steps have been taken t# av#id recurrence #f the sa$e.

*.

Check that pr#per bank rec#nciliati#ns are  "LL prepared/ checked and appr#ved. L#n #utstandin ite$s are f#ll#wed up and pr#per disp#siti#n #f such ite$s is $ade.

+.

Pr#per sereati#n #f duties between cust#dian and acc#untin and appr#vin pers#nnel e&ist.

C'

6.

Pay$ents v#uchers are appr#priately prepared and pr#perly appr#ved by desinated auth#rity.

'C"

one b!

". P. Ref.

S. No.

Audit Procedures

Objective

7.

'nsure that $anae$ent d#es n#t #verride the desined c#ntr#ls by 'n4uirin fr#$ the desinated staff 



pers#n Re$ain skeptical durin perf#r$in test #f desin and test #f effective #perati#n 

1.

D#cu$ent the c#nclusi#n after perf#r$in 85" test #f c#ntr#ls and re4uired level #f  assurance fr#$ substantive pr#cedures.

Anal!tical Procedures !.

D#cu$ent l#ical c#$$ercial reas#ns f#r   "3 new bank acc#unts #pened and cl#sed durin the year.

%.

C#$pare current year balances with last year balances and ensure that any sinificant variati#n sh#uld be pr#perly and l#ically reas#ned.

C'"

#est of etails !.

"ttend year-end cash c#unt and dep#sit verificati#n.

'

%.

Circulari9e direct c#nfir$ati#ns t# all banks.

'R

.

race #penin balance in eneral leder  C' fr#$ last year w#rkin papers.

*.

,btain and e&a$ine bank rec#nciliati#ns ensure the f#ll#win: 8# l#n #utstandin ite$ sh#uld re$ain unf#ll#wed/ 

8# revenue nature ite$ sh#uld be appearin 



 "ll

dep#sit

$ade

sh#uld

be

C'"

one b!

". P. Ref.

S. No.

Audit Procedures

Objective

cleared within tw# days 8# l#n #utstandin che4ues #f  sinificant a$#unt are unpresented; if s# then check their pay$ent v#ucher and ensure that n# discrepancy is inv#lved. 

+.

'nsure that all balances etc. rep#rted by bank in replies t# bank c#nfir$ati#n re4uest are included in rec#rds #f the client.

C"

6.

'nsure that n# balances are subR at yearend rate.



1.

'nsure that all bank acc#unts are in c#$pany?s na$e.

R

0.

'nsure that cl#sin balances as per #ur   85" w#rkin paper file are in $atch with eneral leder.

!@.

Deter$ine that discl#sures have been $ade in acc#rdance with the re4uire$ents #f #urth chedule t# the C#$panies ,rdinance/ !01* and the applicable 2"s.

,C"L R3

one b!

". P. Ref.