Scribd Logo
Upload

Welcome to Scribd!

  • 0 views

    2. Financial Charges

    Uploaded by

    rizwan.rasg

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd

    2. Financial Charges

    Uploaded by

    rizwan.rasg
    0 views2 pages

    Copyright

    © © All Rights Reserved

    Available Formats

    DOC, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    0 views2 pages

    2. Financial Charges

    Uploaded by

    rizwan.rasg

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    You are on page 1of 2

    Audit Program WP Ref.

    :
    Prepared by:
    Date:
    Reviewed by
    Date
    Client: One Serene Residence (Private) Limited
    Period: June 30, 2024
    Subject: Financial charges

    Amount in Rs.
    Account balances:

    Classes of transactions:
    Financial charges

    S. No. Audit Procedures Objective Done by W. P. Ref.

    Test of Controls

    1. Check that the company itself recalculates


    the financial charges levied by the bank.
    Check that such calculation is reviewed by
    authorised personnel.

    2. Check that before obtaining financing, rates


    of financing are obtained from different
    banks and financing is obtained on most
    economical terms.

    3. Carry out company’s search at registrar’s


    office to ensure that all financings and their
    related finance charges are appearing in the
    books of accounts for which charge has
    been registered.
    S. No. Audit Procedures Objective Done by W. P. Ref.

    Analytical Procedures

    1 Compare current year with prior year UV


    amounts to analyse the variation in the
    expenses. Inquire and document the
    reasons for variation.

    Test of Detail

    1. Select a sample of recorded financial OCAV


    charges and perform the following:

    a) Examine supporting documents to


    verify rates of financial charges.

    b) Re-calculate amount of financial


    charges on the basis of amounts,
    number of days and rates of financial
    charges.

    2. Determine that all loans, borrowings, leases C


    etc. have been considered to ensure that
    there are no un-recorded or under-
    recorded financial charges.

    3. Determine that disclosures have been made OCAL


    in accordance with the requirements of RVU
    Companies Ordinance, 1984 and relevant
    IFRSs.

    4. Conclude on the result of the work


    performed.

    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