FP AUDIT COMMITTEE A.SCOPE OF WORK B.MAIN OBSERVATIONS.

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Presentation transcript:

FP AUDIT COMMITTEE A.SCOPE OF WORK B.MAIN OBSERVATIONS

SCOPE OF WORK PERIODIC AUDIT - QUARTERLY & ANNUAL PRE AUDIT – PROJECTS/PROPOSALS COMPLIANCE OF BYE LAWS/AGM & MC DECISIONS ADHERENCE OF SYSTEMS AND PROCESSES

MAIN OBSERVATIONS SUBMITTED THREE REPORTS 1. April to June July to December January to March 2012

Account and Finance Related FBD OPERATING AN ACCOUNT IN KARNATAK BANK IN FPPOA’S NAME FDs TO BE SHIFTED TO GOOD BANKS GIVING HIGHIER INTEREST RATES IT RETURNS ARE TO BE FILED TO GET BACK TDS CASH TRANSACTIONS TO BE DONE ONLY THROUGH IMPREST FIXED ASSET INVENTORY HOLDER MUST SIGN FOR ALL INVENTORY APNA COMPLEX GLITCHES IN ITS ACCOUNTING MODULE IMPLEMENTATION

COMPLIANCE OF BYE LAWS/AGM DECISIONS AGMs are to be held in the month of May Stand By Street Light Project Pending Signing Up of Agreements a. For FP Club House b. For Land Lords to Pay Association Charges c. FC Club House

SYSTEM AND PROCESSES Bill Passing System ( Acct Payables) Recruitment Process Pre Audit of Proposals for a. Projects of cost exceeding Rs lac b. Increase in Association Charges

THANKS