⟩ Explain what all things have to be taken care for checks and vouchers in internal audit?
Internal audit Checks and Vouchers
► ► Checks:
☛ Make sure that there are no missing checks
☛ Voided checks are saved
☛ All checks recorded in check register
► ► Vouchers:
☛ Written for all checks, including voided checks
☛ Amount on check matches amount on voucher/warrant
☛ Adequate explanation for all expenditures