Petty Cash Audit Program Checklist by auditnet

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									Contributed September 17, 2002 by Azmani (azmani@ptp.com.my)

Department/Division :

Accounts Department PETTY CASH AUDIT

Period : BALANCE SHEET AUDIT

AUDIT OBJECTIVE :

Petty Cash and its equivalent at the year end correctly stated.

Internal Control Questionnaire
1 Has filing been made on disbursement made? Sample test Obtain records Highlight irregularities Has all claims made using standardised claim forms? Obtain sample of claim forms, vouchers etc. Any documents to support all claims? Vouch to invoices, bills, receipts etc. Has all vouchers authorised and signed? Obtain copies of personnel job description. Limit of Authority Segregation of duties & its performance Inter departmental authorisation on claims made Nature of claims & disbursement. Travelling, Entertainment Refreshment Office requisition Advances To perform physical cash count before and after audit. Check denominations. To count cash held at given date in presence of auditee. Have cash count verified by authorised personnel. To check cash float Is there any cash float during audited period? Obtain float amount & its distribution

Yes

No

Remark

Document / Schedule

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Internal Control Questionnaire
8 To vouch between cash book & ledger amount. Highlight any differences between the two. Why there are differences? Time limitation on claims made? Conditions of expiration Any expiration on claims? Disbursement amount limitation Limit of claim, advances & disbursement What if claims exceeds limit? How long is the time needed to process disbursement? Any Standard used? Obtain flowchart ( if any ) How cash accounts being recorded Obtain explanation Obtain flowchart ( if any ) Cut off time and balancing Duties of personnel in lieuPort of Tanjung Pelepas with petty cash Identify level of authority & its limitation. Perform analytical procedures Obtain monthly petty cash balances Obtain daily petty cash records Data sampling To cover period Objective of sampling Method of sampling To do sampling based on cost unit Turnover from cash replenishment & disbursement Check year end (31 December 2000 ) audited reports on Cash balances ( if any )

Yes

No

Remark

Document / Schedule

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Internal Control Questionnaire
Others:-

Yes

No

Remark

Document / Schedule

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AUTHORISATION

CONCLUSION Signed

Date

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