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Please mention any four things an auditor should …

Please mention any four things an auditor should consider while performing an audit of Schools and …

Please mention any four things an auditor should consider while performing an audit of Schools and Educational Institutions.

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Chiranjibi Feb. 08, 2018

Check fees received by comparing counterfoils of receipts granted with entries in the Cash Book and tracing the collections in the Fee Register to confirm that the revenue from this source has been duly accounted for.

Total up the various columns of the Fees Register for each month or term to ascertain that fees paid in advance have been carried forward and that the arrears that are irrecoverable have been written off under the sanction of an appropriate authority.

Check admission fees with admission slips signed by the head of the institution and confirm that the amount has been credited to a Capital fund, unless the Managing Committee has taken a decision to the contrary.

See that free studentship and concessions have been granted by a person authorised to do so, having regard to the Rules prepared by the Managing Committee.