How Would You Audit The Accounts Of Newspaper?

The auditor can see that system of issuing newspaper to agent and customers. The system must be proper and effective in order to improve the business efficiency. The auditor can check the system of returns. The unsold newspapers may be acceptable to management. The credit should be given to the concerned agents. The auditor can see the advertising income on account of advertisement charges. The rates of advertisement may be checked in order to calculate actual income.

The auditor can check the amount received on account of advertisement relating to next year. The unearned income must be calculated and proper adjustment must be appearing in the books of account. The auditor should inquire into the articles published in newspaper to tarnish the reputation of other peoples. The auditor should see that proper provision is made for damages, or defamation cases. The subscription income can be checked by the auditor. The subscription may be received in advance. The auditor can see that proper adjustment has been made in the books of accounts.

There may be outstanding amount payable to contributors. The management must record the outstanding amount due to contributors. The auditor can check the adjustment relating to outstanding amount.