Statutory Audit - A Ready Reckoner for Accounting Standards Compliant Companies-2023
| About Statutory Audit - A Ready Reckoner for Accounting Standards Compliant Companies |
Division I Appointment of Auditors Chapter 1 Appointment and Removal of Auditors Chapter 2 Management Services and the Auditors Chapter 3 Code of Ethics Chapter 4 Unique Document Identification Number (UDIN) Chapter 5 Audit Trail and Other Matters to be reported by Auditors under the Companies Act, 2013 Division II Audit of Items of Financial Statements – Chapter 6 Books of Accounts and Financial Statements Chapter 7 Consolidation of Financial Statements Chapter 8 Audit Checklist for Share Capital Chapter 9 Audit Checklist for Reserve and Surplus Chapter 10 Audit Checklist for Borrowings Chapter 11 Audit Checklist for Trade Receivables Chapter 12 Audit Checklist for Cash and Cash Equivalents Chapter 13 Audit Checklist for Inventories Chapter 14 Audit Checklist for Fixed Assets and Property, Plant and Equipment (PPE) Chapter 15 Audit Checklist for Intangibles Chapter 16 Audit Checklists for Trade Payables and Current Liabilities Chapter 17 Audit Checklists for Loans and Advances and Other Current Assets Chapter 18 Audit Checklists for Provisions and Contingent Liabilities Chapter 19 Audit Checklists for Sale of Products and Rendering of Services Chapter 20 Audit Checklists for Other Income Comprising Interest Income, Dividend Income, Gain/Loss on Sale of Investments etc. Chapter 21 Audit Checklists for Purchases Chapter 22 Audit Checklists for Employee Benefits Expenses Chapter 23 Audit Checklists for Depreciation and Amortisation Chapter 24 Audit Checklists for Other Expenses like Power and Fuel, Rent, Repair to Building, Plant and Machinery, Insurance, Travelling, Legal and Professional, Miscellaneous Expenses Chapter 25 Audit Checklists for Taxes on Income and Minimum Alternative Tax (MAT) Division III Schedule III Specimen Format of Chapter 26 Specimen Format of Financial Statements under Schedule III for AS compliant companies Chapter 27 Practice Pointer Issues on Accounting Standards Chapter 28 Checklists of Accounting Standards Division IV SA and CARO Checklist Chapter 29 Standards on Auditing (SA) Checklists Chapter 30 Companies (Auditor's Report) Order, 2020 — Checklist Division V Audit Programme – Audit Compliance Procedure Chapter 31 Business Client Information Checklist Chapter 32 KYC New Client Chapter 33 Illustrative Audit Programmes for Accounting System & Internal Control Chapter 34 Illustrative list of Questions to Evaluate Entity Level Controls Considering Nature of Business, Size of Operation and Organisational Structure of the Entity Division VI Formats of Engagement and Chapter 35 Illustrative Formats on Agreeing the Terms of Audit Engagements Chapter 36 Illustrative Format of Representation Letter Chapter 37 Specimen of Management Representation Letter on Statutory Audit Chapter 38 Illustrative Format on an Engagement Letter for an Agreed upon Procedures Engagement Chapter 39 Illustrative Format on Engagement Letter for a Compilation Engagement Chapter 40 Illustrative Format on Engagement Letter for a Review of Interim Financial Information Chapter 41 Illustrative Format on Engagement Letter for an Engagement to Review Historical Financial Statements Chapter 42 Illustrative Format on Independent Auditor’s Reports on Financial Statements Chapter 43 Illustrative Format on Practitioner’s Report with an Unmodified Opinion Chapter 44 Illustrative Format on Auditor’s Report on Emphasis of Matter Paragraph and Other Matter Paragraphs Chapter 45 Illustrative Formats on Auditor’s Reports with Modifications to the Opinion Chapter 46 Illustrative Formats of Auditor’s Report with Modified Opinion Chapter 47 Illustrative Formats on Auditor’s Report on Corres-ponding Figures and Comparative Financial Statement Chapter 48 Illustrative Formats on Auditor’s Reports Relating to Going Concern Chapter 49 Illustrative Formats on Auditor’s Report Relating to Other Information Chapter 50 Illustrative Formats on Practitioners’ Compilation Reports Chapter 51 Illustrative Formats on Review Reports on Interim Financial Information Chapter 52 Illustrative Formats on Practitioners’ Review Reports Chapter 53 Illustrative Formats on Special Purpose Financial Statements Chapter 54 Illustrative Formats on Summary Financial Statements Chapter 55 Illustrative Format on a Report of Factual Findings in Connection with Accounts Receivable Chapter 56 Illustrative Formats on a Single Financial Statement and a Specific Element of a Financial Statement Chapter 57 Illustrative Format of an Unmodified Report on a Projection Chapter 58 Illustrative Formats on Service Organization’s Assertions Chapter 59 Illustrative Formats on Modified Service Auditor’s Assurance Reports Chapter 60 Illustrative Formats on Service Auditor’s Assurance Reports Chapter 61 Information Requests and Other Client Admin Letters – Letter of Weakness and Appendix Chapter 62 Confirmation Letter for Struck Off Status to be sent by Company Chapter 63 NOC Communication with predecessor Chapter 64 Eligibility and Independence confirmation to be appointed (or) continue as auditors
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