CARO 1st JULY 2004

Assets Liabilities & Application & End-

Sec 301 Internal & Dues Securities Others
Accounts Use

1)Fixed Assets 1)Loans to/from 1)Internal Control 1)Loans Against 1)App. Of Funds 1)Loss making Co.
i)Adequacy Directors i)Adequacy i)Proper & adequate i)Short term funds i)Nt less than 5 Yrs
ii)Verify them i)T/c ii)Corrections records maintained to Long Term ii)Exceed 50%
iii)Going Concern ii)Repayment ii)Reporting of ii)Nature & Amt. iii)Cash Losses
iii)Recovery 2)Internal Audit deficiencies eg.O.D invested in Bldg. i.e w/o Dep.
2)Inventories iv)Particulars i)Check existence if
i)Verify them 3 condn satisfied 2)Dealing in Them 2)Use of borrowings 2)Chit Funds etc.
ii)Adequacy 2)Other Transactions i)Proper Records i)Application for the i)Comply with Law
i)Reasonability 3)Statutory Dues ii)Timely entries said purpose ii)Ratio
3)Deposits from Public ii)Recording i)Check regularity iii)Held in own name iii)Income Recognition
i)Comply with Law ii)Extent of O/S 3)Use of Issue Proceeds iv)Appraisal
ii)Contravention 3)Preferential Allotment iii)If Disputed then 3)For Debentures i)Adequately Disclosed
i)Made such Allotment Amount & Forum i)Adequacy ii)Verification 3)Fruad
4)Cost A/c Records or not ii)Not Prejudicial i)Reporting fruad
i)Maintainance ii)Prejudicial 4)Repayment of Dues on/by Co.
i)Payment of Int. & 4)Gurantees ii)Nature of Amt.
Prin. w/o Default i)Given or not
ii)Reporting ii)Prejudicial