|
Ø |
Quarterly
audit to be carried out and audit report to be submitted periodically. |
|
Ø |
Compliance
with Accounting standards and principles. |
| Ø |
Analysis
of the systems of financial control in light of delegation of powers. |
| Ø |
Management
in investment decisions keeping in view the Department of Public
Enterprises, Govt. of India. |
| Ø |
Verification
of the ledger accounts and supporting vouchers for all heads of Balance
sheet and the Income & Expenditure account to ensure sanctions,
supports, correct accounting treatment and arithmetical accuracy. |
| Ø |
Appropriate
classification of revenue and capital expenditure. |
| Ø |
Recognition
of income & expenditure. |
| Ø |
Verification
of the accuracy of assets and liabilities of the company as reported in
the books. |
| Ø |
Verification
of tax Compliance such as deduction/ deposit of TDS, Income tax,
issuance of Form16, 16A, filing of returns etc. before the due date. |
| Ø |
Adequacy
of internal control on expenditure, areas of cost reductions & cost
controls. |
| Ø |
Verification
of PF compliance such as deduction/ deposit of monthly dues, filing of
monthly and annual returns. |
| Ø |
Verification
of various statutory registers and records. |
| Ø |
Verification
of Minutes book. |
| Ø |
Compliance
with tax authorities and other related offices such as income tax
assessments, tax exemption certificates etc. |
| Ø |
Guidance
and opinion in respect of secretarial, service tax and other matters as
and when required. |