Kelly
26-10-09, 11:29 AM
Hi Could you please tell me:
When an auditor is auditing purhases, and looking at the invoices, s/he will check that the invoice relates to the company, check there is a valid GRN/order form attached, and may also add up the invoice to check the correct amount has been charged. I think I'm correct so far..
Would the auditor also check the correct VAT amount has been calculated, and also would s/he check that any Exempt or Zero rated items have been charged as such?
Many thanks
Kelly
When an auditor is auditing purhases, and looking at the invoices, s/he will check that the invoice relates to the company, check there is a valid GRN/order form attached, and may also add up the invoice to check the correct amount has been charged. I think I'm correct so far..
Would the auditor also check the correct VAT amount has been calculated, and also would s/he check that any Exempt or Zero rated items have been charged as such?
Many thanks
Kelly