From WhatsApp: An accountant and auditor at home

Quarantine effect on Auditors at home during Corona lockdown* I have realised our home & kitchen is the most mismanaged place. Following anomalies have been found,

1. There is no stock ledger maintained. Procurement is not in line with provision factor. Purchase orders are placed verbally. Inventory maintenance is very poor.
2. There are no budgeting documents.
3. There is no indexing of products.
4. No bin cards were displayed.
5. No Annual, monthly or quarterly stock-taking has been carried out.
6. No Inspection has been carried out for years. Most of the spoons and plates are of the wrong pattern and do not match with the original part number.
7. No balance sheet and Profit & Loss statement ever made.
8. Weighing scales non-existing.
9. No handing over /taking over files maintained.
10. No SOP and menu displayed.
11. Fire fighting equipment not held.
12. Sufficient reserves are not maintained.

Auditor at Home. ?

Note: I received this article on my WhatsApp mobile as a forward. It is not written by me. And I don’t know the original author/s. The article will teach you a lesson and that is why I am sharing it. If you share, add this disclaimer.