● List of all bank accounts should be obtained from client
● Independent Bank Confirmations are sent to all banks (with whom the client holds an account) to ensure the existence & valuation of the balance at year end.
● Reconciling of balance as per books with the Bank confirmation and bank statement to ensure the accuracy of books of account.
● Reconciling that all accounts confirmed by the bank are adequately shown in books of accounts to ensure the completeness.
● Audit of the items standing in bank reconciliation statements.
● Management certificate for cash in hand.
