Showing Articles for : Audit
How to Audit of an Individual and Draft a balance sheet
Preface In a common parlance the audit procedure of a Company and an Individual is same. But there are lots of other factors that needs to be considered while doing the same. What basically is the difference is that a Company is govern though different Statutory and Legal obligations and powers. Whereas for an Individual/ … Continue reading How to Audit of an Individual and Draft a balance sheet
Read more 6452 Views Leave a commentINSURANCE AUDIT
Process of Appointment of Auditor The Regional Office of Insurance company appoints the auditor. Some time, by Divisional Offices. Qualification The auditor need not be the Chartered Accountant. Objective To refund the unutilized premium to the insured or to pass the claim, in case of loss. Tenure Generally done within 90 days of the expiry … Continue reading INSURANCE AUDIT
Read more 2719 Views Leave a commentBrokerage Reconciliation
At the earliest moment when i heard about the reconciliation of brokerage amount i thought it might be similar to any Bank Reconciliation or any of the cost reconciliation or payment reconciliation statements, but i was too amazed when i came to know about its reconciliation method. It is not totally different from above, but … Continue reading Brokerage Reconciliation