Technical Guide on Accounting and Auditing for Chit Fund Business
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The publication, 'Technical Guide on Accounting and Auditing for Chit Fund Business', primarily focuses on suggesting the accounting and financial reporting framework for Chit Fund business for presentation of true and fair view of the state of affairs and the operating results in the financial statements. The Technical Guide discusses salient features peculiar to the Chit Fund industry. The Technical Guide also discusses various accounting, control and audit aspects that may be useful in the audit of a Chit Fund business. The appendices to the Technical Guide contain the formats of financial statements of a Chit Fund business prescribed by the Chit Funds Act, 1982 and an illustrative audit programme checklist which lays down the procedures that might be gainfully used by the auditor for verification of various items appearing in the financial statements of a Chit Fund. Price Rs. 75.00 (Pp 77) (2004)
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