CCN Internal Audit Programme...

2. Table of Content:
1. Values/Mission…………………………………………………….2
1.1. CCN Statement of Values………………………………….......2
1.2. CCN Vision Statements…………………………………….….2
2. Ourselves…………………………..…………………………….....3
2.1. Who We Are…………………………………………………...3
3. Work Philosophy…………………………………………………...4
3.1. Service Commitment…………………………………………...4
4. Internal Audit
4.1 Internal Audit Objective.....................................................................5
4.2 Scope of work.…………...................................................………...5
5. People………………………………………………………….…..8
5.1. Key Management……………………….……………………...8
6. Contact us……………………….………………….……………...9
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3. Mission/Value Statements
CCN is the firm of choice for clients committed to enhance their organizations by
nurturing their business processes. We are the architects of programs that build and
secure the trust between our clients and their people. By continually analyzing our
evolving markets, we provide practical advice that looks beyond the numbers in the
world of Accounts & Finance. Our consultants guide our clients through the challenges
confronting them today and prepare them for tomorrow.
CCN Statement of Values
 We
 We
 To
are dedicated to total client satisfaction.
deliver excellence, superior quality and value in everything we do.
achieve higher standards of professionalism by proactively providing our clients
with the highest quality service within pre-specified time limits.
 To constantly aim for higher specialisation and to assign appropriately skilled
professionals to meet all client specific requirements.
 To build teamwork where all members are motivated to work together towards a
common objective.
CCN Vision Statement
 We
are the architect of responsive and creative solutions to our client’s benefit,
compensation and human resources needs.
 Our team combines technical excellence with a superior understanding of client needs
and the environment in which our clients operate.
 We are committed to work in partnership with our clients that add value and
consistently exceed expectations.
 It’s a team to team approach, our team working with your team.
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4. Ourselves
Who We Are
We are a team of professionals with diverse areas of specialization including Accounts,
payroll management, Legal Compliance, Internal control reviews, Corporate Strategies
formulation, Tax Advisory, Financial Analysis, Market Analysis & Financial Management
services.
We at Corporate Catalyst Nepal focus on helping clients design and build tomorrow's
organization. We provide real world solutions to complex business issues through
Simplified techniques of Accounting process, Re-Engineering accounting system of an
organization, Error free accounting report for decision making process, Business
valuation studies, Projection of financial statements, Recruitment of Accounting staffs,
Assistance in business negotiations and project feasibility studies.
Our philosophy has always been to develop and deliver solutions that not just meet but
exceed the business expectations of today's global marketplace.
We focus on the essential of each task and provide pragmatic problem-solving advice as
well as an innovative approach in delivering the desired outcomes to our clients.
In rendering our services, we never lose sight of our values: client service, integrity,
teamwork and excellence.
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5. Work Philosophy
Service commitment
Confidentiality, Integrity & Professionalism are our assets, all our clients are continuously
informed about their legal alternatives and the outcome of their decisions proactively.
We are committed to our clients and their businesses by providing top quality legal
advice and practical solutions tailored to the clients’ immediate and upcoming needs.
We keep the confidentiality of all information arising from the client-attorney
relationship and of our communication relating to the legal advice provided to our
clients. Confidentiality and non-disclosure of information persists the termination of the
relationship with our clients.
In a highly competitive and fast changing business environment, we take the next step by
establishing partnerships with our clients.
We believe excellence is a journey, not a destination, and that each success is the starting
point for a greater one.
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6. Internal Audit
Internal auditing is a catalyst for improving an organization's governance, risk
management and management controls by providing insight and recommendations
based on analyses and assessments of data and business processes. With commitment to
integrity and accountability, internal auditing provides value to governing bodies and
senior management as an objective source of independent advice. The professional
member of CCN assists you in evaluating your all internal control system and reporting.
Internal Audit Objectives
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To gain an understanding of the accounting system and related internal controls.
To study and evaluate the operations of these internal controls upon which we wish
to rely in determining the nature, timing & extent of the audit procedures.
To formulate entire audit programme only after having satisfactory understanding of
the internal control system and its actual operation.
To set a financial system of the organization framing system of accounting
Our role is to enable us to know and report to the management on timely basis,
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Whether error and frauds are likely to be located in the ordinary course of
operations of the business.
Whether an adequate internal control system is in use and operating as planned by
the management.
Whether an effective Accounting department is operating.
Whether any administrative work has bear on auditor’s work. For example, when
there is a weak control over worker recruitment, there is a likelihood of including
dummy names in the wages/salary sheets which is relevant to the auditor.
Whether the controls adequately safeguard the assets.
How far and how adequate is the management in discharging its functions of
correct recording of transactions is concerned.
How reliable the reports and records to the management can be.
The extent and the depth of the examination that we need to carry out in the
different areas of accounting.
Determining what would be appropriate audit techniques and audit procedures in
given circumstances.
Determining what are the areas where control is excessive and weak
Whether some worthwhile suggestion can be given to improve the control system.
Scope of work
1. Review of last two years audited financial statements.
2. Checking of opening balances with last year audited financials.
3. Sales & Services
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7. a) Checking of sales/services with sales/service invoices.
b) Services provided during the period.
4. Cash
a) Checking of cash with cash vouchers.
b) Any excessive cash payment as per the policy of the Company.
c) Any Negative Cash Balance
d) Authorization for cash outward.
5. Bank
a) Checking of Bank ledgers with Bank Statements.
b) Checking of Bank Reconciliation Statement.
c) Expenses through Bank with supporting Vouchers.
6. Journal book
a) Checking of Journal Entries.
b) Adjustment entries related to provisions of Tax and Liabilities
7. Credit card statement
a) Checking all credit card statements if any.
8. Investments
a) Checking investment statement if any.
b) Calculation of Capital gain/loss incurred.
c) Dividend received thereon, if any
9. Fixed Assets
a) Checking of fixed asset register and updating of same if not updated.
b) Checking rate of depreciation charged.
c) Checking proper capitalization of asset purchased during the period.
d) Any asset sold, discarded or amortized during the period and proper accounting
treatment thereon.
10. Tax
a) Checking whether Tax is deducted at the appropriate rate on payments where
applicable.
b) Checking whether Tax has been deposited on time.
c) Checking whether Tax Returns have been submitted on time.
11. Capital Account
a) Allotment of new shares, bonus shares etc if any.
12. Sundry Debtors
a) Confirmation of balances
b) Verification of opening balances
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8. c) Sales vouching
13. Preparation of periodic financial statements (Balance sheet, P&L & Cash flow
statement)
14. Reporting and recommendations to the management on overall financial standing
of the organization on monthly basis.
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9. Key Management
1. Suraj Banjade- Partner
Chartered Accountant, Qualified from The Institute of Chartered Accountants of
India, having Rich Experience in field of Accounts, Finance, Taxation, Costing, Legal
compliance, internal audit, statutory audit, Project feasibility report and Business
consultancy.
2. Binod Raj Singh- Partner
Chartered Accountant, Qualified from The Institute of Chartered Accountants of
India, having Rich Experience in field of Accounting, Payroll, MIS, Internal control
reviews, Legal compliance, Statutory Audit of various Domestic and Multinational
companies.
1. Chartered Accountant (CA, ICAI)
2. Bachelor of Commerce (B.Com)
3. Master of Commerce (M.Com)
4. CS Executive- ICSI
3. Dipendra Raj Neupane- Partner
Chartered Accountant, Qualified from The Institute of Chartered Accountants of
India, having Rich Experience and excellent knowledge in field of Finance,
Accounting, Taxation, Profitability Analysis, Legal compliance, internal audit,
statutory audit, Project feasibility report, resolving accounting disparities in a firm
and Business consultancy.
4. Mukesh Adhikary- BDO
BBA degree holder, having rich experience in field of marketing and developing
business strategies.
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10. Contact us
Corporate Address
5th Floor, E-Block, Baneshwor Plaza, New Baneshwor-10, Kathmandu
Telephone
+977-1-2239876/ 9851159596/ 9862839459/ 9841882295
Email
info.ccnepal@gmail.com
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