Duties of a Local Group Auditor
This list should be taken only as a general guide, and as such is not exhaustive of the duties which have to be undertaken. Obviously, having been appointed to the position of Group Auditor does not mean that you are accepted as having a general knowledge, or specialised knowledge of the subject of accountancy and auditing.
- Check all invoices and expense claims and receipts for the validity of the payment and the correctness of the ledger entry.
- Check ledger entries to bank statements.
- Verify bank balances and reconcile with the ledgers.
- Verify cash balances held by Group officials at year end.
- Compare the ledger totals with the Group’s bank statement of its financial affairs as at year end.
- Generally to oversee and report to the Group Annual General Meeting on:
- General book keeping principles have been followed.
- Overall comments upon the financial transactions and the carrying out of such duties within the Group.