1) Request BOI Promote Card and make understanding about the details of proper usage in installment of each promoted card for capital promotion
2) Request for machine details including the amount or analysis of the increase or decrease movement of each Promoted Card
2.1 Verify the total amount of machinery and illustrate the account of installment same as the previous report (in case of the extension of the last year examination
2.2 Examine the purchase list of machinery if it performs an increase or decrease according to the bill of purchases by using vouchers to pay goods imported, Letter of Credit, Trust receipt, Debit Note, Bank, Bank Statement, and the receipts
2.3 Evaluate machine details which performs an increase or decrease in terms of payment or installment of each Promote Card in production of machine imported at a specific period
2.4 Request for plan site and examine the details of purchasing machine if it increased an installment that have the authentication of details of such number machine as same document purchased and imported
2.5 Compare machine details that increased an investment with the right and useful form details abstain from the corporate income tax regulation of the same individual
Quantity of Production
3) Request for the records of quantity of production (unit) of each machine product Promote Card as required
- Quantity of production daily
- Quantity of production summarized monthly
- Quantity of production summarized annually or yearly
3.1 Examine the reliability of records or details as mentioned above and the sources of data such as written report of daily production in the Production Department and the account book of goods ( Stock Card )
3.2 Compare the level of production of Promote Card with the quantity of production which can be indeed generated annually
3.3 Compare the level of production of Promote Card of each quantity of production in number 3.2 with records in the form of request of benefits used abstain from the corporate income tax regulation of same individual
Quantity and Cost of Sales
4) Request for records of quantity and cost of sales among each Promote Card as follows:
- Quantity and cost of sales daily
- Quantity and cost of sales summarized monthly
- Quantity and cost of sales summarized yearly or annually
4.1 Examine the reliability of records as mentioned above by means of verifying document of sales invoice, etc., with notes of sales account and its cut-off (Stock Card), check the documents of goods return with notes and deposit in case of having return of goods
4.2 Compare quantity of sales annually among the records and condition of Promote Card with the quantity of sales not over quantity condition or stipulation
4.3 Compare quantity of sales with the record of above mentioned in the form of request used and the benefits of being abstain from corporate income tax regulation of the same individual
Limitation of Audit
Examination of Sales Documents:
- in case of having Promote Card 1 or 2 set should be given to examine the document of at least 20 records (Invoice) per Promote Card of 1 set
- in case of having Promote Card 3 set should be given to examine the document of at least 50 records (Invoice) by means of examining each Promote Card together with the records of average amount of Promote Card
5) Check the minutes of the Shareholders’ meeting and another committee regarding some trouble or problems significant for the examination of above mentioned
6) Another Audit Process |
