Auditing Process

Transaction Audit

• Audit of Transactions like:
• Post Sale Order, Purchase Order.
• Pre Payment Audit.
• Pre Invoice Audit.
• Identifying the Gaps with respect to Company Policy and Statutory Laws.
• Rectification of Documents before processing.
• Report to management about the discrepancies observed during audit.
• Discussion with the management for process improvement.

Internal Audit

• Understanding the Management Objectives.
• Evaluation of Internal Control System of the Organization. ( if available )
• Presenting the Management a Process flow chart.
• Practical Guidance on Implementing the Internal Control System.

Inventory Audit

• Verification of Physical Inventory.
• Comparison of Book Stocks with Physical Stock.
• Justification report from authorized person for Variance.
• Evaluation of internal control system of inventory.
• Report to Management.

Fixed Assets Audit

• Data collection from authorized person.
• Segregation of Auditable / Non Auditable Assets.
• Conducting Physical verification of Auditable assets.
• Generation of Bar code for the assets available.
• Tagging of Bar code for auditable assets.
• Assessing the Internal Control System.
• Reporting to Management.

Showroom / Warehouse Audit:

• Finalization of Audit Schedule on the respective showroom/ warehouse.
• Receipt of confirmation from the store Manager for audit.
• Physical verification of stock with bar code scanner.
• Upload the physical report to client server and download the stock variance report.
• Justification from authorized person for variance.
• Verification of Fixed Assets and Physical cash as per Management Instructions.