COVID 19 AND FINDINGS IN AN AUDITOR S HOUSE 157
HOME OF THE OWNER OF THE FAMOUS AUDITORS
A VISIT TO THE KITCHEN OF THE FAMOUS HOUSE OF
SHYAMAPRASAD
BROTHERS
The more than a year Lockout and Stay at Home has brought to light the following observations in the House and particularly the Kitchen of Shyamaprasad , the Head of The Renowned Auditing Firm Of
SHYAMAPRASAD BROTHERS
Following anomalies were observed in the functioning of their day to day activities .
1. There was no stock ledger being maintained at any place . Procurement was not in line with the provision , requirement and consumption factors . Purchase Orders were being placed verbally and Inventory Maintenance was very poor bordering almost very close to NIL .
2. There was no proof of any budgeting documents.
3. There was no indexing of products .
4. No bin cards were displayed at any of the crucial storage locations .
5. No Annual, monthly or quarterly stock taking was carried out .
6. No Inspection had been carried out for years . The stock on hand had far outlived their usage and were in varying degree of decay . Most of the spoons and plates were of the wrong pattern and did not match with the original part number.
7. No procedure of Inventory valuation was available .
8. Weighing scales were not being used to check the veracity of the products and the quantity recieved .
9. No Handing over /Taking over files were maintained.
10. No SOP and the Daily Menu are displayed anywhere in the various production lines , be it the Oven , Hotplate , MIXIE or even the grinder . It has come to light that RICE has been the principal item of Daily use . This despite the fact that Mr Shyamaprasad was himself a Diabetic and Overweight .
11. No Fire fighting equipment of any sort, not even sand was found and the safety norms given a total miss .
12. Sufficient reserves are not maintained for any Emergencies like the Civid Lockdown or any other looming pandemic .
13. Annual balance sheet and other financial statements are not prepared since the inception of the firms Kitchen .
14. Lot of unaccounted cash was found in many of the boxes and utensils in the kitchen . The find of many demonitized currency notes in the jar containing the Chilly Powder did come as a big surprise . The sheer volume of unaccounted money could pose a serious problem if the enforcement authorities do o come to know of the same .
15. It has come to notice that many items are lent / borrowed to / from the neighborhood families but no records of any sort are being maintained of the same . Periodical balance confirmations are not made available for inspection .
15 . Many items in the medical chest are well past their expiry dates .
2. There was no proof of any budgeting documents.
3. There was no indexing of products .
4. No bin cards were displayed at any of the crucial storage locations .
5. No Annual, monthly or quarterly stock taking was carried out .
6. No Inspection had been carried out for years . The stock on hand had far outlived their usage and were in varying degree of decay . Most of the spoons and plates were of the wrong pattern and did not match with the original part number.
7. No procedure of Inventory valuation was available .
8. Weighing scales were not being used to check the veracity of the products and the quantity recieved .
9. No Handing over /Taking over files were maintained.
10. No SOP and the Daily Menu are displayed anywhere in the various production lines , be it the Oven , Hotplate , MIXIE or even the grinder . It has come to light that RICE has been the principal item of Daily use . This despite the fact that Mr Shyamaprasad was himself a Diabetic and Overweight .
11. No Fire fighting equipment of any sort, not even sand was found and the safety norms given a total miss .
12. Sufficient reserves are not maintained for any Emergencies like the Civid Lockdown or any other looming pandemic .
13. Annual balance sheet and other financial statements are not prepared since the inception of the firms Kitchen .
14. Lot of unaccounted cash was found in many of the boxes and utensils in the kitchen . The find of many demonitized currency notes in the jar containing the Chilly Powder did come as a big surprise . The sheer volume of unaccounted money could pose a serious problem if the enforcement authorities do o come to know of the same .
15. It has come to notice that many items are lent / borrowed to / from the neighborhood families but no records of any sort are being maintained of the same . Periodical balance confirmations are not made available for inspection .
15 . Many items in the medical chest are well past their expiry dates .
16 . FACE MASKS , HAND WASH AND SANITIZER are not properly placed and there is difficulty in locating them .
17 , Shelf Life items have gone for a big toss as even a cursory glance of the Fridge will indicate . Some items bought during the first wave of the present Pandemic are still stored in the Fridge as are the Chocolates which the SHAMAPRASAD S had brought during their last visit to their Son and Daughter Place in Canada , which was almost close to Two years back .
BOTH SHAYAMALA AND SHAYAMAPRASAD THOUGH HAVING MANY THINGS COMMON IN THEIR NAME , DO NOT SEEM TO BE HAVING MANY THINGS IN COMMON IN THEIR HOME RUNNING
ETHICS
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