Audit Procedures Or How To Audit/Verify Other Debtors-Telephone & Other Deposits

Append below the audit steps on Other Debtors-Telephone & other deposits/sundry deposits:-

Other Debtors- Telephone And Other Deposits  

Obtain a schedule of Other Debtors for Telephone & Other Deposits:

  1. Confirm that the amount is the same as previous year ( check with audit working paper)
  2. For new deposits, examine correspondence or supporting documents like payments and receipts from authorities
  3. If amounts are substantial obtain third party confirmations

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