Question
You have been given an Income and Expenditure for the company named (Church of Pentecost, Glasgow) You also have the Bank Statement from the NatWest
You have been given an Income and Expenditure for the company named (Church of Pentecost, Glasgow) You also have the Bank Statement from the NatWest Bank in UK indicating all the income and expenditure of the Church of Pentecost. The Bank Statement is an indication of what we called external conformation in auditing and an independent document coming from the bank. Your role is to review the company Income and Expenditure and check if the items or the figures in the Income and Expenditure can be seen in the Bank Statement. In the Bank Statement remember the following Paid In- Means money coming in (Income) Paid out- means money going out (expenditure) CHQ- means Cheque DD- means Debit C/R- Means Credit BAC- means Bank transfer You are supposed to Review and audit the company income and expenditure from January 2018 to June 2018 AS against the Bank Statement. This means that the figures in the income and Expenditure should be seen and match with the same figure on the Bank Statement. After the review and auditing of the Income and expenditure as against the Bank Statement you will use your knowledge and experience to write your AUDIT REPORT. You need to ensure that you can cross check the Income and expenditure and make sure you can see the figure in the bank statement. The bank statement should be able to reflect what the income and expenditure of the company After everything you should write your Audit Report and tell us what appropriate report the company will receive from you and why We have 4 types of audit report (unqualified, qualified, disclaimer and adverse selection report) after your audit, let us know which audit report is appropriate. I need a full Audit Report from each 2 students ( you can do it individually or by group of 2 maximum).
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