Encyclopaedia of Accounting Volume 4

Encyclopaedia of Accounting Volume 4

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1904 edition. Excerpt: ... of the auditor as defined by the statutes and regulations is to see that the accounts have been kept and are presented in proper form, that the particular items of receipt and expenditure are stated in sufficient detail, and that the payments are supported by adequate vouchers and authority; to ascertain whether all sums received, or which ought to have been received, have been brought into account, and whether the expenditure is in all cases such as might lawfully be made. He is also to reduce such payments and charges as he shall deem to be exorbitant, and to surcharge moneys not duly accounted for, or lost by negligence, upon the person who ought to account for the same, or whose negligence or improper conduct has caused the loss, and to disallow and strike out such payments as are not authorised by law. The auditor is to examine and collate the several books and forms of account, and ascertain that the several entries correspond and balance each other, where such balance may be required, and may make, or require the responsible officer to make, any necessary correction for this purpose. No erasures are under any circumstances to be made in any of the records or books of accounts prescribed, and in case of any alteration the figure to be altered must be struck out and the correct figure written in. The auditor is bound to receive any objection made by or on behalf of any body or person interested or aggrieved, against the accounts undergoing audit, or any item or charge therein, or any vouchers or authority for the same; he may, if he thinks fit, require such objection to be put in writing, and must examine into the merits thereof. For the purposes of audit he is armed with statutory powers already described of summoning and examining...show more

Product details

  • Paperback | 256 pages
  • 189 x 246 x 14mm | 463g
  • Rarebooksclub.com
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236506081
  • 9781236506085