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PLANNIG OF AUDIT AND CONTROL - Coggle Diagram
PLANNIG OF AUDIT AND CONTROL
QUALITIES OF THE AUDITOR
Onlie the public accountant can be appointed auditor of accounts of a limited society
Must be hardworking
Youmust work with partiality
Must know how to listen
Make a form report correct
Must be honest
Youmust not reveal secrets to your
Understand the technical details of audit
Have knowlege of the jurisprudence
You must have knowledge of the financial management, administration industrial and business organization
The auditor must have knowledge of accounting principales and practices also managed theur system
APPOINTMET OF THE AUDITOR
Appointment of auditors of society
Appointment no longer than 5 year
Appointment of auditor govermment companies
Period for which the appointment
Appointment to the frst directory
Designation of auditors by members
Name of the company´s first auditor
List of a retire auditor
Casual vacancy of the auditor
Designation of auditors by members
DUTIES OF AN AUDITOR
The auditor has the duty to invvestigate wheter the loans will be guaranteed
RESPONSABILITIES OF AN AUDITOR
Criminal responsibilites
Erroneuos declaration in the section
Lack of assistance in research in research article 217
Penalty for falsification of books article 336
Penalty for act of commission or omission
RIGHT OF AN AUDITOR
Right to free access to accounts
Right to obtain information
Right to receive notifications
AN AUDITOR
It can only be removed from your charge before the fulfillment of his mandate by an agreement of the company
AUDITOR REMUNERATION
Determjied by the meeting general your remuneration
WHAT THE AUDITOR
Cannot be an official
Don´t work part time person who has committed a crimen
That is related to the business not family
WHAT DE AUDITOR CAN DO
A limited liability company
Will be appointed auditor of the society
RIGHT TO SIGN THE AUDIT REPORT
Right to legal advice
Right to remuneration
Right to be compesated
AUDIT PROGRAM
Represents an outline of the procedure to follow to support an opinion on the financial statements
Contents of an Auditor’s Note Book:
A list of books of accounts maintained.
The names, duties and responsibilities of principal officers.
The particulars of missing receipts and vouchers.
The points which need clarifications and explanations.
Mistakes and errors detected
The points deserving the attention of the auditor.
Various totals and balances.
The Points to be a part of auditor’s report.
INTERNAL CONTROL REGARDING ASSETS
INTERNAL CONTROL OF CASH TRANSACTONS CASH PAYMENTS