procedures implementation 1 maintenance of director meeting minutes\

Questions 1 2 3 4 5 6

Are receipts and disbursements of cash and remittances posted accurately and on a daily basis to the c Are the Receipts Journal and Disbursements Journal summarized on a monthly basis? Is the Income and Expense Statement and Balance sheet prepared accurately on a monthly basis? What controls are in effect to prevent duplicate payments? Does each bill and expense voucher paid show the check number, payment date, to whom paid, and t What is the procedure if discrepancies in the reconciliation are uncovered or if there are unusual or su

rately and on a daily basis to the correct account classification for the transaction? a monthly basis? ccurately on a monthly basis?

yment date, to whom paid, and the correct account classification code for the expense? vered or if there are unusual or suspicious circumstances about disbursements or authorization for payment

WALKTHROUGH LIST OF DOCUMENTATION 1 2 3 4 5 6 7 8 9 10 11 12 13 14 expense vouchers requests for advance reciepts for cash reconciliation of chequebook records reconciliation of bank statements reconciliation of deposit slips sequential listing of all cheques by number reciept journal disbursement journal income and expense statements balance sheet copy of vendor/supplier agreements copy of applicable tax returns copy of last audit