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How to finalize financial statements

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(Querist)
22 August 2015 Resp Sir,
i am ca Student , sir i want to know that at the time of audit what are the important thing to be check for finalization of Financial Statements like
1.cash not negative,
2.debtor , creditor balance confirmation
3.All Statutory compliance(Tds,
Esi,Pf,vat S.tax)
4.Bank Reconcile
5.Stock valuation
6.G.profit maintain
7.opening Balance check with previous year audited balance sheet
8.All provision should be made (elect, tel , salary, tax)
9.Sale purchase , or Service Charges match with respective returns
10.tds compilance and match with tds return
11.Sec 43b applicability
i know only these , plz guide me things to be check other than above..
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Amol S Joglekar

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Amol S Joglekar (Expert)
22 August 2015 The list is exhaustive..For tax audit you can refer the items from the form 3CD
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