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Name
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Prepared
by: |
File
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Year end: |
Reviewed by: |
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Subject: Purchase walkthrough |
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Objective |
To ensure that purchases are correctly recorded. |
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Method |
Obtain/prepare purchase systems notes Select one goods delivered note. Match goods delivered notes to details on the purchase invoice. Ensure the purchase invoice has been correctly numbered. Check that the correct purchase price, VAT and total due has been recorded. Ensure the invoice is posted correctly (Dr Purchases Cr Trade creditor) Ensure the correct trade creditor account has been debited Ensure the invoice has been matched to the correct payment Agree the payment to the bank statement and cheque stub. |
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Result |
Page ref: Comments: |
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Conclusion |
According to the audit work performed, the objective has been met/has not been met. Problems recorded: |
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©Lynnix (UK) Ltd 19
Oct 2007