MY ROLE AS AN INTERN:

I have worked in the Internal Audit department of Qarshi industry Ltd. I have learnt a lot from
this department. Internal auditors of Qarshi perform following duties & responsibilities :

 To audit all JV,BPV,CPV,BRV AND CRV of Qarshi industries Pvt Ltd.

 To prepare internal Audits Reports.

 To prepare IDM expenses on monthly basis and also verify their budgets according to
their approval.

 To audit all division TA/DA vouchers of field staff.

 Designing new internal control procedures and adding value to existing control
procedure.

The duties which I have performed during my internship period in Internal Audit department
are as follow:

1st & 2nd week:

On my first day in audit department Senior of internal audit department gave me a brief
introduction of audit department and told me about the working in the department.

First two weeks of my internship ,I was assigned with some responsibilities of minor level.
They gave me some documents for photocopy such as:

 Contractual Agreement with advertising agencies

 Goods forward agencies

 And different types of Vouchers as JV,CPV,BPV,CRV AND BRV

3rd & 4th Week:

In 3rd and 4th week I verify All type of vouchers such as voucher Bank Receipt Voucher
(BRV), Bank Payment Voucher (BPV), Cash Receipt Voucher (CRV), Cash Payment
Voucher (CPV) and Journal Vouchers (JV) under the supervision of senior personnel and he
assist me during the verification of Vouchers. During verification of vouchers I don’t
practically involved in working. I just observes how to make verifications of vouchers.
During observation I just learnt following rules that are necessary while vouching:

 Check the dates on the voucher with the date of entry in the books.

 Examine whether all the vouchers have been passed by the prescribed authority

 If there is any change or over writing on the voucher, the same must be signed by the
prescribed authority

 Check for any irregularities taking place while making the payment

 Printed vouchers are considered true and are legally acceptable. If vouchers are not
printed, then they are useless.

 Last principle is that prepare a list of all missing vouchers. it helps in detection of
frauds and errors.

5th & 6th Week:

In last two weeks, I done Vendor balance confirmations and verification Sales vouchers of
QIPL under supervision of senior personnel. Later Vendors balance confirmations are sent to
vendors for their balance confirmations during the closing year with the assistance of senior
audit personnel. I also verify the sales vouchers of QIPL which include Jam-e-Shirin sales
and Johar Joshanda Sales Vouchers with the assistance of seniors.