Audit checklist for investment and credit in Non-Banking Financial Company (NBFC)

Checklist related to Investments Physical Verification The auditor should physically verify the securities held by NBFC. Is there any security that is lodged with an institution for a bank robber a certificate from the bank/institution to the effect must be verified.  Income recognition  Verify that dividend income wherever declared by a company, has been...

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AUDIT OF FIRM

Appointment of Auditor: – The auditor to a firm is usually appointed by the partners either on the grounds of a decision taken by them or to comply with a condition in the partnership agreement.  The remuneration is also fixed by the partners. It is important that the letter of appointment should simply state...

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