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Auditors

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  • 21-03-2008 2:52pm
    #1
    yellow
    Closed Accounts Posts: 54 ✭✭


    post has been deleted


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    #2
    rathmaniacal
    Registered Users Posts: 38 ✭rathmaniacal


    proof that the transaction took place.....


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    #3
    Kinetic^
    Closed Accounts Posts: 13,249 ✭✭✭✭Kinetic^


    yellow wrote: »
    Hey guys qucik question,

    A friend run's a website and he invoiced a company back in December 2007 for an advert they are running for a 12month period... this compnay is currently being audited and have requested he send's on a statement at the 31.01.08 even if the balance is Zero - - what exactly are they looking for???

    Thanks

    Part of auditing is looking for evidence that a company's creditors listing is correct. They'll ask for creditor's statements to verify balances whether they be zero or otherwise. The fact that getting a website built is a once off thing, it would've been flagged by the auditors and wanted to make sure that the website developer actually existed and that it wasn't just made up so that the proprietor could give himself a few thousand euro.


    So in short, they're not actually checking your friend's company.:)


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    #4
    Bren1609
    Closed Accounts Posts: 459 ✭✭Bren1609


    A guilty conscience needs no accuser...


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