Professional Documents
Culture Documents
Current Situation: Scope of Work
Current Situation: Scope of Work
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Managing Director & Mr. ----------------------------, Internal Auditor of ---------------------------
-Co., Ltd. (ABC). Our brief observations are:
CURRENT SITUATION
Our initial review and discussion with the Management on the proposed
assignment reveals that:
Non maintenance of system generated fixed asset register may have increase the risk of mis-
appropriation of Companies assets.
SCOPE OF WORK
The existing process of accounting for fixed asset is carried out in the
general ledger and manual fixed list is maintained at Head Office on
Excel spreadsheet which includes the following:
a) Historical Cost;
b) Depreciation charged for the year;
c) Rate of depreciation for each category of asset being acquired
and reported;
d) Additions and deletions of fixed assets during the year;
e) Adjustments and transfers; and
f) Written down value
We shall perform the above tasks for assets located at the Lahore Head
Office and Peshawar (we assume and as confirmed by the Management
of ABC that verification at Peshawar Branch will take maximum of one
day) ABC Management has taken the responsibility of verifying fixed
assets at Karachi Branch internally by their own staff.
DELIVERABLES
All the prices quoted for software and professional services are denominated in Pak Rupees
and is payable as per following schedule:
RESOURCES
TIMELINE
CONFIDENTIALITY OF INFORMATION
Yusaf Saeed & Co. respects and keep the confidential nature of any
information gathered or received in execution of any assignment, and
shall use such information only in so far as it is necessary for the
performance of the concerned assignment.
The Client shall commit not to disclose any information, report or any
portion thereof, submitted by YSC during the execution of
assignment, to anyone other than its own use and consumption.