- I would confirm for the company's policy and procedures in regard of advancing loans to
the employees
- I would confirm with the employee if the amount recorded in the books of accounts is the
same amount that he/she was given
- I would inquire for the terms and agreement during the issue of the loan such as mode of
payment and confirm if such agreements are adhered to.
- I would confirm if the employee in the books really exist and is eligible for loan
advancement by the company.
- I would ascertain for the loan limit to employees and if such was observed by the
company
- I would also ascertain for the authority and approval of the issuing of loans to employees.
Kavungya answered the question on May 14, 2019 at 13:33
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