Audit Procedure – Cash

1. Conduct a surprise cash examination of AOs

2. Demand from the AO to produce all cash and cash items and have the AO sign the General Form 74-
A.
3. Count all cash and prepare a list of cash items and accountable forms with or without money value.
Check if the cash book is updated and if there is a vault for safekeeping of cash / accountable forms.
4. Require the AO to sign the Certification in the General Form 74-A.
5. Request for copies of fidelity bond. Check expiration and maximum cash accountability.
6. Request from the Accounting Division a Certificate of Subsidiary Ledger (SL) Balance together with
the SL of the AO.
7. Prepare a Reconciliation Statement of Accountability of the AO.
8. Prepare the Cash Examination Report (CER) duly supported with the following:

a. Narrative Report
b. Report of Cash Examination
c. Reconciliation Statement of Accountability

9. Transmit the CER/ Narrative Report to Management.

10. Furnish the Audit Team with an electronic copy of the CER, duly stamped as received by
Management.