Internal Audit Supermarket Chain Internal Audit Supermarket Chain - PowerPoint PPT Presentation

Dec 16, 2022 •434 likes •483 views

Case Study Internal Audit Supermarket Chain Internal Audit Supermarket Chain Objective: To conduct internal audit to assess the effectiveness of the processes laid down and to establish controls. The supermarket chain is one of the

Case Study Internal Audit Supermarket Chain
Internal Audit – Supermarket Chain Objective: To conduct internal audit to assess the effectiveness of the processes laid down and to establish controls. • The supermarket chain is one of the reputed ones in Goa. • It has been one of MARC’s oldest clients.
Internal Audit – Supermarket Chain The Work • Salaries & wages- Verification of registers The following checks were carried The • Paper change coupons Audit out as a part of the internal audit: • Display/ listing/ other income review Requirement • Ledger Scrutiny • Procure to Pay (Purchase) • Bank charges cross check • Sales to Cash  Internal audit • Debit notes/ Credit notes review • Stock Verification on sample Basis • Cheque bouncing charges- to be charged • GRN-process review to vendors checking • Inter-store transfers Audit • PF, ESIC review • Debtors & creditors ageing • Review of GST compliances • Bank reconciliation statement review • Other store-specific benefits to • Cash vouching customers.
Delivering Excellence. Partnering Success . Goa | Pune | Mumbai

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