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

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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

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Internal Audit

Supermarket Chain Case Study

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Objective:

To conduct internal audit to assess the effectiveness of the processes laid down and to establish controls.

Internal Audit – Supermarket Chain

The supermarket chain is one of the reputed ones in Goa.
It has been one of MARC’s oldest clients.

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Internal Audit – Supermarket Chain

 Internal audit The following checks were carried

ut as a part of the internal audit:
Procure to Pay (Purchase)
Sales to Cash
Stock Verification on sample Basis
GRN-process review
Inter-store transfers Audit
Debtors & creditors ageing
Bank reconciliation statement review
Cash vouching
Salaries & wages- Verification of registers
Paper change coupons Audit
Display/ listing/ other income review
Ledger Scrutiny
Bank charges cross check
Debit notes/ Credit notes review
Cheque bouncing charges- to be charged

to vendors checking

PF, ESIC review
Review of GST compliances
Other

store-specific benefits to customers.

The Requirement The Work

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