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Rizwan & Co.: Chartered Accountants

The document outlines an audit programme for bank reconciliation of Technimen Agha (Private) Limited for the accounting period ending June 30, 2019. It details 13 tests to be performed including obtaining bank statements, agreeing statements to reconciliations, checking for periodic reconciliation, tracing accounts to the general ledger, and investigating reconciling items. The purpose is to ensure bank accounts are properly reconciled and financial position is not distorted.

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57 views

Rizwan & Co.: Chartered Accountants

The document outlines an audit programme for bank reconciliation of Technimen Agha (Private) Limited for the accounting period ending June 30, 2019. It details 13 tests to be performed including obtaining bank statements, agreeing statements to reconciliations, checking for periodic reconciliation, tracing accounts to the general ledger, and investigating reconciling items. The purpose is to ensure bank accounts are properly reconciled and financial position is not distorted.

Uploaded by

faheem
Copyright
© © All Rights Reserved
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
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Rizwan & Co.

Reviewed by Reviewed by Schedule


Chartered Accountants

CLIENT : Technimen Agha (Private) Limited Date Date


ACCOUNTING PERIOD : June 30, 2019
AUDIT PROGRAMME OF : BANK RECONCILIATION

ASSERTION TEST TEST DESCRIPTION SAMPLE SCHEDULE STAFF


NO. SIZE SELECTION INITIALS GRADE
METHOD
C E A V
1. Obtain a bank statement in respect of each
account operated during the year.

2. Agree bank statement with bank reconciliation


and ensure that all outstanding has been noted.

3. Check banks are reconciled on periodical


(say monthly / quarterly basis).

4. Obtain a schedule of all bank accounts operated


during the year showing closing balance, cast the
schedule and trace into general ledger account.

5. Trace bank statement into ledger account of


relevant bank.

6. Check all financial charges are accounted for.

7. Check casting of general ledger account.

8. Check outstanding cheques are presented


after the balance sheet date. Note the date of
presentation on reconciliation.

9. Check uncleared deposits are cleared after the


balance sheet date. Note the date of clearance
on reconciliation.

10. Check any unpresented cheques not presented


as at the audit date becomes time barred.

11. Investigate other reconciling items and consider


their genuineness.
Rizwan & Co. Reviewed by Reviewed by Schedule
Chartered Accountants

CLIENT : Technimen Agha (Private) Limited Date Date


ACCOUNTING PERIOD : June 30, 2019
AUDIT PROGRAMME OF : BANK RECONCILIATION

12. Establish whether there have been material


receipts / payments near the balance sheet date
that distorts the company's liquidity / borrow-
ing position.

13. Prepare lead schedules for overdraft accounts


seperate from cash at bank.

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