Question

While compliance and issues relating to regularity and probity are generally incidental to the main audit objective in assessing significant risk and controls, there are times when internal audit may need to launch into an investigation into specific associated problems. Please provide some examples

Answer 1

The following are some examples .,

.The vouchers should be numbered serially

.The data of the voucher falls within the accounting periods

.The voucher is made out in the clients name

.The transaction should relate to the business of the client

.The voucher is duly Authorised by concerned official

.The voucher comprised all the relevant documents which could be expected to have been received or brought in existence on the transactions having been entered into.

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