It represents package of fundamental services of company’s or client’s internal auditing as follows:
- To prepare and design customer’s accounting cycle.
- To prepare daily journals.
- To prepare monthly closing accounts and reports.
- To prepare banking settlements.
- To prepare credit & debit balances.
- To prepare income statement.
- To prepare the balance sheet.
- Collection and payment.
Accounting services shall be provided by internal auditor professionally and in accordance with generally accepted accounting standards that increase the efficiency of company’s business and dedication of company’s employees to main duties.
- There are other major accounting services to be tailored in advance or upon necessity in accordance with clients’ requirements and their business and to be agreed upon related fees separately.