Scribd Logo
Upload

Welcome to Scribd!

  • 289 views

    Audit Program-Cash Funds

    Uploaded by

    Cristina Rosal
    The audit work program outlines the procedures for auditing cash funds to ensure they are properly accounted for. This includes identifying all funds, counting cash and validating supporting documentation, tracing fund balances to the general ledger, and preparing audit reports summarizing any findings or observations. The objectives are to verify that cash funds are accurately presented and classified in accounting records.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd

    Audit Program-Cash Funds

    Uploaded by

    Cristina Rosal
    289 views2 pages
    The audit work program outlines the procedures for auditing cash funds to ensure they are properly accounted for. This includes identifying all funds, counting cash and validating supporting documentation, tracing fund balances to the general ledger, and preparing audit reports summarizing any findings or observations. The objectives are to verify that cash funds are accurately presented and classified in accounting records.

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    DOC, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The audit work program outlines the procedures for auditing cash funds to ensure they are properly accounted for. This includes identifying all funds, counting cash and validating supporting documentation, tracing fund balances to the general ledger, and preparing audit reports summarizing any findings or observations. The objectives are to verify that cash funds are accurately presented and classified in accounting records.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    289 views2 pages

    Audit Program-Cash Funds

    Uploaded by

    Cristina Rosal
    The audit work program outlines the procedures for auditing cash funds to ensure they are properly accounted for. This includes identifying all funds, counting cash and validating supporting documentation, tracing fund balances to the general ledger, and preparing audit reports summarizing any findings or observations. The objectives are to verify that cash funds are accurately presented and classified in accounting records.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    of 2

    AUDIT WORK PROGRAM Page 1 of 2

    AUDIT DEPT
    Dept. / Division CASH & OTHER CASH FUNDS Period Covered:

    AUDIT OBJECTIVES: To ascertain that cash funds are accounted for and properly presented and classified.

    WP Done
    Procedures By Date Comment
    Ref Y/N?

    1.) Planning
    1.1 Identify all funds, their locations, custodians, amount
    and purposes.

    1.2 Decide which funds are to be counted, and when.

    2.) Audit Fieldwork – in the presence of the Custodian:

    2.1 List all currency and coins by denomination

    2.2 Make sure that invoices or forms are pre-numbered


    and sequentially used.

    2.3 Conduct cut-off on used documents by affixing initial


    and cut-off date on the back of last used invoice.

    2.4 List other items – such as vouchers, checks in complete


    detail. Schedule large items for further inquiry.

    2.5 Trace fund balance per count to the GL.

    2.6 List unusual items (post-dated checks, penciled vouchers,


    unliquidated advances) for discussion with appropriate
    level of client personnel.

    2.7 Trace petty cash reimbursement checks included in the


    fund to cash journal.

    2.8 Let the Custodian sign the Count Sheet at the conclusion
    of the count.

    2.9 Prepare related working papers or schedules

    3.) Reporting

    3.1 Prepare summary of audit findings / observations.

    3.2 Discuss the audit findings to the appropriate


    management level and obtain corrective actions.

    3.3 Prepare preliminary Audit Report and submit to the


    immediate superiors

    3.4 Edit the reports and prepare final Audit Report

    9) SUPERVISION, REVIEW AND CONCLUSIONS

    a) Prepare points regarding internal controls and other


    business matters (audit report).
    b) Perform senior review and supervision.
    c) Clear senior review points.

    PERFORMED BY: REVIEWED BY:

    Internal Audit Staff Internal Audit


    Supervisor
    AUDIT WORK PROGRAM Page 2 of 2

    AUDIT DEPT
    Dept. / Division CASH & OTHER CASH FUNDS Period Covered:

    You might also like

    pFad - Phonifier reborn

    Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

    Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


    Alternative Proxies:

    Alternative Proxy

    pFad Proxy

    pFad v3 Proxy

    pFad v4 Proxy