Shubham MangalShubham asked 2 years ago

point iv and v are not clear is the answer pls elaborate these points. Thanx sir in advance

1 Answers
Auditaudit Staff answered 1 year ago

Point iv
if there is no place to write PAN number of employee in salary slip it is called weakness in design of internal control
but if there is place to write PAN number but staff is writing it then it is called lapse in internal control
so both weakness in design and lapse should be reported to management
Point v
such letters  should not be considered as reporting on adequacy appropriateness of internal control systems

if it is not clear again comment hear

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