Audit requirements
This query is : Resolved
Guest
Guest
(Querist)
06 August 2011
my firm may undergo for peer review next year. this being my 1st year of audit, i would like to know what all documents required to be maintained
06 August 2011
This is applicable to the firm which is doing audit of listed companies and having good turnover and at the same time once in 5 years every firm have to get their peer review done by the reviwer. The basic requirement are as below:
1) Letter of appointment and your acceptance
2) Finalisation of Fees with the client.
3) Audit programme of each case
4) Audit Team for each case
5) Audit Notes
6) Person responsible audit and signing of the Balance Sheet his consent
and all other statutory requirements
1) Letter of appointment and your acceptance
2) Finalisation of Fees with the client.
3) Audit programme of each case
4) Audit Team for each case
5) Audit Notes
6) Person responsible audit and signing of the Balance Sheet his consent
and all other statutory requirements
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