Senior Executive
CurrentSales•Performed Sales substantive testing using supporting documents to ensure completeness.•Carried out Sales cut off testing to ensure Sales are recorded in correct period.•Review credit note using supportings to ensure that it is properly removed from salesProperty plant and equipment • Verified title of non current asset by inspection of title. • Performed inspection of the invoice and carried out inquiry combined with understanding of the underlying asset that the amount was appropriate to capitalize.• Verified disposals using supporting documents and matched it to deletion listing. Receivables• Performed customer analysis and identify the top 5 customer and significant trade receivables existing at period end. • Carried out on sending external confirmations to ensure completeness. • Carried out recomputation of the ageing of receivables to ensure it is properly presented in financial statements. • Performed recomputation of the ageing of receivables and verified whether appropriate provision has been created. Borrowings • Recomputed the interest on borrowing using the loan agreement and matched with schedule. • On sample basis a sample is selected from loan schedule and verified the interest of the loan.Interest income• Performed recalculation of interest to ensure it is correctly calculated.• Recalculated cash discount to verify whether cash discount is calculated appropriately. • Performed customer overdue testing by recalculating the interest on customer overdraft based on the terms and conditions fixed by the entity and ensured that the difference is immaterial. Control testing • Performed 3 way match for property, plant and equipment. • Reviewed the approval mails and inspected credit note issued for sales returns and discussed with management and obtained the reason for thesales return.
