Job Description

• 1. Opening Balance Verification: Verify the trial balance figures at the beginning of the period.
• 2. Ending Balance Verification: Verify the trial balance figures at the end of the period.
• 3. Inventory Observation: Observe and perform physical inventory counts to verify existence and condition.
• 4. Petty Cash Count: Observe and perform physical cash counts for petty cash funds.
• 5. Audit of Cash and Cash Equivalents: Substantive testing of cash on hand and at banks.
• 6. Audit of Expenses: Perform vouchers testing and analytical procedures for various expense cycles.
• 7. Audit of Revenue: Perform sales cutoff tests and substantive testing of revenue recognition.
• 8. Audit of Corporate Income Tax: Review tax computations and compliance with tax regulations.
• 9. Audit of Short-term and Long-term Loans: Verify loan agreements, interest calculations, and repayments.
• 10. File Management: Organize and prepare audit files (Permanent and Current files).
• 11. Other Audit Support Tasks:
• • Casting: Perform mathematical accuracy checks on financial statements and schedules.
• • Indexing: Organize and index audit working papers for easy reference.
• • Vouching & Documentation: Organize supporting documents and paste-up working papers.
• • Confirmation Procedures: Prepare and send bank, accounts receivable, and accounts payable confirmation letters.

Job Description

• • VAT Recording & Reconciliation: Maintain detailed records of Input and Output VAT to ensure accuracy and completeness; perform regular reconciliations to analyze and track the company's financial status.
• • Monthly Closing: Perform month-end closing procedures by verifying and summarizing financial data to ensure accuracy for management reporting and financial planning.
• • Tax Compliance & Filing: Prepare and timely submit monthly withholding tax returns (P.N.D. 1, 3, and 53) in accordance with statutory requirements to minimize non-compliance risks and penalties.