My Documents.

Audit Evidences:

Bank Reconciliation Statement

WHY: It ensures that the account holder has an accurate record of the transactions during a period.

HOW: It provides the neccesary information regarding on when the money for a check is paid out and it also provides a list of all charges to the account during a specific time period.

WHAT: Reconciliation provides information about the money in a bank account. It also provides information about which incoming and outgoing checks are recorded in the account holder’s current balance. It may include interest payments, account charges, note collections and notices of insufficient funds.

Credit And Debit Invoices

WHY: It allows company employees and auditors to maintain records and review past transactions.

HOW: If a customer reports a problem with merchandise it purchased, the seller may issue a credit invoice. If the customer returns unused product, the seller may issue a credit invoice for the amount returned. If the customer is dissatisfied with a service provided, the seller may issue a credit invoice to the customer. If a customer misses the deadline for an early payment discount and deducts the discount anyway, the seller may issue a debit invoice for the discount amount. If the seller prepaid freight charges for the customer, the seller may issue a debit invoice for those freight charges. A debit invoice increases the amount of money the seller expects to receive from the customer. 

WHAT: It provides a paper trail of the ongoing transaction between the buyer and the seller. For a seller, it provides an information regarding an outstanding receivable, so as on the part f the buyer, it provides an inform ation regarding an outstanding payable.

Employee Time Cards

WHY: It keeps track on employees time

HOW: It requires employees to swipe the time clock using a swipe card or badge. The timekeeping system records the swipes, which can be imported into the payroll accounting system.

WHAT: It shows when the...