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Audit : Auditors' Edition of Tally
Posted on : 30 August 2008 by Aisha [ Scorecard : 1734]

The Business Advisory Program is an ICAI (Institute of Chartered Accountants of India) initiative to help their members to explore new avenues to enhance their scope of services, thereby increasing their revenue opportunities. Considering Tally's expertise in the domain, ICAI has chosen Tally as the technology partner to facilitate the Chartered Accountants (CA) in providing IT assisted services to their clients.

Auditors' Edition of Tally - Capabilities:
 

Auditors' Edition of Tally will strengthen the Chartered Accountants' service portfolio by facilitating them in providing IT assisted services. The primary goal of this Edition is to,
(a) Help decrease the operational cost and increase efficiency for Tax and Statutory Audit
(b) Create specific service capabilities for the Chartered Accountant which can be availed by their clients at affordable costs

Since the Audit season has already begun, the Chartered Accountants can take advantage of the Auditors' Edition of Tally 9 Release 3 (Beta) and experience the above mentioned goals leap to life.

The availability of complimentary download of this beta version is only till 31 st December, 2008

The Auditors' Edition of Tallywill help in simplifying and facilitating:

1. Tax Audit under Section 44AB
2. Statutory Audit
3. Compliance Services for Direct and Indirect Taxes (TDS, TCS, FBT, Excise Duty, Service     Tax, VAT, CST, PF, ESI)
 
Features that will be available
 
 -  View relevant data for Tax Audit based on clause requirement *

 - Track any alteration / modification to vouchers after the Audit *
 -  Generate Tax Audit related reports & annexures to assist in auditing *

 -  Post data corrections and reviews remotely
 -  Allows column sorting & multi-selection of vouchers during Auditing *
 -  Instant statistics on Audit Listings (Audited Vouchers, Unaudited Vouchers & Pending      Vouchers) *

 -  Provides facility to record audit remarks using Audit Note *

 -  Provision to mark vouchers for clarification / Verification from Clients *
 -  Identify and report errors in data *
 -  Remote Access Services
 

* Available in the Auditors’ Edition of Tally 9 Release 3 (Beta)
 

Benefits
 
 •  Increase audit efficiency :
      - Remotely access the reports/data using Tally.NET
      

- Access special audit capabilities and reports
 •  Generate most of the annexures for Tax Audit (under Sec.44AB)
 •  Remote Audit (i.e. doing it at own office) allows continuous access to Senior Partners      for on-the-spot query resolution leading to faster closures and better quality of audit
 •  Increase scope of services :
      - Special capabilities to assist in regular Statutory Compliance without the need   to visit client site .
      - Back-to-back access to vast network of Product Support specialists, enabling   delivery of advisory and consulting services to the customer
 •  Lower cost and time to deliver services
      - Considerable reduction in commuting time for most tasks
      - Proximity to expertise to resolve queries also leads to higher efficiency
 

To download the same CLICK HERE


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