Regarding statutory audit
This query is : Resolved
harshit gupta
(Querist)
06 June 2019
Dear Personnel,
I want to inquire about the checklist one should examine while doing a statutory audit. Can someone please highlight the broad areas in respect of which one should be performed their activities.
Thanks in advance.
I want to inquire about the checklist one should examine while doing a statutory audit. Can someone please highlight the broad areas in respect of which one should be performed their activities.
Thanks in advance.
CA Abhishek Goyal
(Expert)
07 June 2019
Hi,
Following are the major areas to check:
1. Opening Balance check
2. Sales Figures with GST returns
3. ITC with Electronic Credit Ledger
4. ITC with Purchase figures
5. Journals with Bills
6. Ledger verification
7. Balance Sheet Items step by step
8. Comparison of figure with last year
9. TDS Reconciliations with TDS Reports i.e 26Q and 24Q
10. 26AS Reconciliation with Income side
I will add more points asap.
Thanks.
Following are the major areas to check:
1. Opening Balance check
2. Sales Figures with GST returns
3. ITC with Electronic Credit Ledger
4. ITC with Purchase figures
5. Journals with Bills
6. Ledger verification
7. Balance Sheet Items step by step
8. Comparison of figure with last year
9. TDS Reconciliations with TDS Reports i.e 26Q and 24Q
10. 26AS Reconciliation with Income side
I will add more points asap.
Thanks.
harshit gupta
(Querist)
08 June 2019
Is ratio analysis of current and previous years also a part of statutory audit.
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