Examine vendors’ invoices and other supporting documents to determine whether large amounts in the repair and maintenance account should be capitalized.
The following are 11 audit procedures taken from an audit program: 1. Discuss the duties of the cash disbursements clerk with him and observe whether he has responsibility for handling cash or preparing the bank reconciliation. 2. Examine the internal auditor’s initials on monthly bank reconciliations as an indica- tion of whether they have been […]