Today’s Topic – Audit of Hospital

[Revision Series for IPCC audit]

Dear IPCC Student,

 

Exams are approaching.

Time to revise is reducing.

Are you worrying about How to revise the whole syllabus in last 15 days?

 

We have a Solution-

You concentrate on the subjects which you consider vast to revise, & we’ll provide you the revision for Audit.

For these last 15 days, we’ll provide you one topic every day to revise & the manner in which you are required to write the answer.

If you want the discussion on any specific topic, you can mail us & we’ll provide you the tips for the same to revise & remember it fast.

 

For last hour revision of other topics & To revise the whole syllabus in just 5-6 hours, refer to the Book “Revision Series for IPCC - Audit, by CA Gunja Maheshwari”.

About the Book –

·        Covers all points mentioned in the Syllabus as prescribed by ICAI

·        Judicious use of Flowcharts for explaining the concept

·        Easy language to understand, revise & remember the topic fast.

·        Require only 5-6 hours to revise the whole Syllabus of Audit.

 

Today’s Topic –

 

Audit of Hospital

 

(These are the exact extract from the Book ‘Revision Series for IPCC - Audit’)

 

Verify

1. Register of Patients – with Bills issued – for correctly paid and recovered
2. Cash Collections – with – receipts, counterfoils etc. Internal Control over such transaction should also be tested by Auditor,
3. Property & Investment register – for receipt of Rent / Dividend, etc.,
4. Legacies & Donations – Applied in a manner as specified,
5. Collection of Subscription & Donations – with respective Registers
6. Purchase & Expenses – For – Capital Expenditure incurred only with prior approval of Trustees / Managing Committee,
7. Grants received from Govt./ Local Authority – duly Accounted for,
8. Refund of TDS – have been duly claimed,
9. Expenditure & Income – Verify that with Budgeted -  report any significant variations,
10. Internal Check – on – Receipt & Issue of Stores, Medicines, Linen, Clothing, Instruments etc. – for Properly recorded in Stock Register or not,
11. Depreciation – Charged on all assets at Appropriate Rate,
12. Bonds / Shares, Scrips / Title Deed of Properties – Check with – Property and Investment Register,
13. Physical Verification of Inventories – also Compare – their totals with respective Ledger Balances.

 

(As now, you have got the idea of how to proceed to write the answer for different marks, we are now providing the extracts from the Book ‘Revision Series for IPCC - Audit’, which provides the complete answer in short form, so that you will be able to remember it fast instead of reading the whole lengthy answer. These are just the main points, in exam you are required to mention them in detail.)

 

                                                                                                              

Best Wishes,

Revision Series for IPCC - Audit

[Revision Series for IPCC audit]

Dear IPCC Student,

 

Exams are approaching.

Time to revise is reducing.

Are you worrying about How to revise the whole syllabus in last 15 days?

 

We have a Solution-

You concentrate on the subjects which you consider vast to revise, & we’ll provide you the revision for Audit.

For these last 15 days, we’ll provide you few topics every day to revise & the manner in which you are required to write the answer.