General Audit Procedures

Trivedi Ali & Co.

Chartered Accountants
Nagpur
AGENDA
 Vouching
 Ledger Verification
 Comparative & Ratio Analysis
 Maintenance of Working
Papers
Vouching
• Documentary Evidence of Transaction
• Internal or External Evidence
• Voucher Format / Details is important for proper
Accounting
• General Requirements:
Format – Statutory or Voluntary
Basic Details & Information
Approval & Authority
• Type of Transactions:
Sales, Purchases, Direct Income, Direct Expenses,
Indirect Income, Indirect Expenses, Assets,
Capital & Liabilities
Ledger Verification
 Methodology – Serially
 Nature of Ledger – Group / Classification
 Type of Transactions Recorded
 Periodicity of Transactions
 Ratios – Yearly / Monthly
 Type of Ledger:
Sales, Purchases, Direct Income, Direct
Expenses, Indirect Income, Indirect Expenses,
Assets, Capital & Liabilities
Comparative & Ratio Analysis

 Two Years Comparison of Profitability

Statement
 Item Wise
 Analysis of Variance
 Important Ratio Analysis
Maintenance of Working Papers

 Soft Copy – Standard Format

 Fill it religiously
 Neat & Tidy
 Delete Irrelevant Details
 Specific Remarks
 Audit Evidence – Documents