Question

QUESTIONS	YES/NO/ N/A	DETAILS
4. As Accounts department do you hold departmental meetings?
5. If YES (in 4) how often? And what do you normally discuss?
6. How do you ensure accuracy in your primary books of accounts and final reports?
7. Which criteria do you use in the approval of payments?
8. The department uses accounting soft wares, how secure are they from manipulation?
9. After how long do you prepare your Financial reports?
10. How do you do your statements reconciliation and who is responsible?

Note: Write in Your words

Answer 1

QUESTIONS	YES/NO/ N/A	DETAILS
4. As Accounts department do you hold departmental meetings?	YES	NA
5. If YES (in 4) how often? And what do you normally discuss?	NA	Debtor's Management,Tax Planning,Investment & Banking,Process Review.
6. How do you ensure accuracy in your primary books of accounts and final reports?	NA	Regular Follow Up's,Statutory Audit,Internal Audit,Process Review,Due Diligence,etc.
7. Which criteria do you use in the approval of payments?	NA	Define Aprroval Patterns,Assign Approval Patterns
8. The department uses accounting soft wares, how secure are they from manipulation?	NA	The softwares can be manipulated however care is taken there are maker & checker of the process.
9. After how long do you prepare your Financial reports?	NA	1 Year
10. How do you do your statements reconciliation and who is responsible?	NA	Balance Confirmation along with regular follow up.