Go Audit Day 7

In a nutshell,Day 7 could be sliced up into 2 halves..the 1st half was focussed on meeting with the clients..ie about Taking stock meetings,show me meetings etc..We had live plays asking us to enact the role of the auditor and speak to a fierce client..we were instructed as to what our role was and how we had to the talkin.The role plays were entertaining..After the play,we were told as what the pros and cons were in the performance

The speciality of lunch today was the Pineapple Gateaux..I kept filling my plate again and again..i had 6 of them..it went on well with the Mango Icecream..the food remained the same as on the previous days with no experimentation

The Post Lunch session was on Validation of Accounts Receivable,Accounts Payable and Unrecorded Liability Testing.For Debtors we were given a listing and asked to take samples from the list,for creditors we performed substantive analytical procedures considering ratio analysis,and for Unrecorded Liability Testing we were asked to choose samples in excess of Rs 95000 and asked to check whether they had been properly recorded relating to the period of audit..

Day 7 wound up very early..we packed up our bags at 5.30 itself,lets see what awaits us on the penultimate day!..