MEGA CELLULAR NETWORK INC.

INTERNAL AUDIT DEPARTMENT

Audit Walkthrough Questionnaire – Company Overview
Department _________________________

Area Parameter
Company Profile
1. Name of Business Unit
2. Start of Operation Date
3. Nature of Operation
4. Product Type/s Item/Service
5. Area of Operations Location/s
6. Manpower Name and Position /Duties
Organizational Chart
7. Manner of Transaction Cash/Card/On-Account
8. Distribution Process Store/Outlet/Agent/Dealer
9. Assets Maintained Cash/Merchandise/Properties
and Equipment
10. Record Maintenance Manual/System

Operations Overview
1. Purchases
a. Products Item/Service
b. Terms Cash Basis / On-Account /
Consignment
c. Purchase Procedures Flow Chart – From Request to
Receiving to Payment

2. Selling
a. Products Item/Service
b. Terms Cash Basis / On-Account /
Consignment
c. Selling Procedures Flow Chart – From PO to
Releasing to Collection (Terms)
Flow Chart – From PO to
Validation of Customer’s
Payment to Releasing (COD)
3. Control and Security
a. Cash
 Cash in Bank Fund Management

 Collection Cash / Check / Note /CM/Fund

Transfer/Direct Deposit

 Revolving Fund Proper Handling

b. Merchandise
 Receiving Documentation

 Maintenance/Monitoring Location
of Stocks/Merchandise Stock card

 Safekeeping Access Level

 Storage System FIFO

 Releasing Documentation

 Spoilage Monitoring Expiration Date

Procedures

 Recovery Procedures Near to expire/Expired

 Disposal Company Policy

Local and National Government
Policies

c. On-line Transactions
 Control Material Used

 Access / Approval Access Level

Authorized Person
(Name/Position)
d. Fixed Assets
 Land
 Building
 Plant and Equipment
 Furniture and Fixture

4. Monitoring Of Operations
a. Purchase Analysis Fast Moving/Slow Moving

b. Sales Analysis Fast Moving/Slow Moving

Sales Performance Review
c. Product Stocking Stock Level Maintenance
Product Status on Warehouse

d. Result of Operations Income Statement (Overview)

5. Records Safekeeping
a. Purchase Orders – Purchases Location/Safekeeping Personnel
(Number of Copies)
b. Purchase Orders – Clients Location/Safekeeping Personnel
(Number of Copies)
c. Collection Receipts Location/Safekeeping Personnel
 Cash
 Check
 Direct Deposit
 CM
d. Deposit Receipts/Slip Location/Safekeeping Personnel
 Cash
 Check
 Direct Deposit
 CM
e. Bank Records Location/Safekeeping Personnel
 Bank Book
 Bank Statements

f. Payment Vouchers Location/Safekeeping Personnel

g. Check Book Location/Safekeeping Personnel
h. Inventory Report Location/Safekeeping Personnel
(Number of Copies)
i. Computer Record / System Location/Safekeeping Personnel