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Purchasing New Investment

The document outlines controls for investment activities including: 1) All investments are made in the name of the company and documents are vetted by the secretarial department. 2) All investments must be authorized by the Board, and an investment register is maintained with details of each investment. 3) Buying and selling of investments must be through authorized stock brokers according to agreed terms.

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rameshk6
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58 views3 pages

Purchasing New Investment

The document outlines controls for investment activities including: 1) All investments are made in the name of the company and documents are vetted by the secretarial department. 2) All investments must be authorized by the Board, and an investment register is maintained with details of each investment. 3) Buying and selling of investments must be through authorized stock brokers according to agreed terms.

Uploaded by

rameshk6
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 3

Controls Test Form Page 1 of 3

Controls
All investments are made in the name of the company
All documents are vetted by secretarial department
All investments are authorised by the Board
Investment register is maintained
Buying/selling is through authorised stock brokers

Please enter/change the selected fields..

E-Mail form

All investments are made in the name of the company

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Description This control is linked to the risk criteria : " Custody "
Test Plan 01. Check the name in which the investments are made
Test Results

WP Ref. Evidence Not Set Test Completed No

All documents are vetted by secretarial department

Return to Table of Contents


Description This control is linked to the risk criteria : " Recording "
Test Plan 01. Check whether the documents are vetted by the Secretarial department
Test Results

WP Ref. Evidence Not Set Test Completed No

All investments are authorised by the Board

Return to Table of Contents


Description This control is linked to the risk criteria " Monitoring "

file://C:\Users\KRamesh\Desktop\RESOURCE\Final_Ver1_1106\PBA_Ver1_1106\I... 07-10-2008
Controls Test Form Page 2 of 3

Test Plan 01. Check whether all investments are authorised by the Board and properly
recorded in the Board minutes book
Test Results

WP Ref. Evidence Not Set Test Completed No

Investment register is maintained

Return to Table of Contents


Description This control is linked to the risk criteria " Custody "
Test Plan 01. Whether investment register is maintained with the following details;
· Nature and description of investments
· Certificate number and distinctive number of securities
· Name of company in which invetsment has been made
· Due date for receipt of interest or dividend
· Date on which interest or dividend actually received
· Maturity date of investment

02. Check whether recording is promptly done


Test Results

WP Ref. Evidence Not Set Test Completed No

Buying/selling is through authorised stock brokers

Return to Table of Contents


Description This control is linked to the risk criteria " Monitoring "
Test Plan 01. Is the agreement of buying or selling through reputable authorised stock/share
broker
02. Check the terms and conditions of payables to such broker
03. Review the procedure of checking the contract notes with the authorised
purchase or sale of investments
Test Results

file://C:\Users\KRamesh\Desktop\RESOURCE\Final_Ver1_1106\PBA_Ver1_1106\I... 07-10-2008
Controls Test Form Page 3 of 3

WP Ref. Evidence Not Set Test Completed No

file://C:\Users\KRamesh\Desktop\RESOURCE\Final_Ver1_1106\PBA_Ver1_1106\I... 07-10-2008

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