Audit of share traders

Statement of daily transactions, bank statement.

And from where they are matched.transactions to be matched.

Cross verification of each transaction with Contract note &/or bill.

Ok thanks

1. Ledger of Intermediates ( Motilal Oswal etc )
2. Contract Notes
3. Demat Statement
4. Bank statement
5. Tax Profit and Loss ( Can be downloaded from the console which is helpful incase you want Proper Segregation of Short Term Capital transactions , turnover or Intradays )

Trading is done on zerodha so please tell what docs are required.

Ask your Client to go for Zerodha Site,
Then In Profile option there is report Generation option provided with ' Console'
There you can get various Reports regarding intraday Turnover, Short Capital Gain Scrips, Long term capital Gain Scrips In a Single Excel sheet.
Follow Below procedure
1. Zerodha
2. Console Option
3. Report
4. Tax Profit and Loss sheet

Then how to cross check it

For conducting Audit you are required to ascertain the turnover for Intraday, And Gains with respect to short Term and Long term. ( Which should be appropriately reflected in Books of accounts maintained by Trader )
#Segregation of Income from Futures and Options too.
Cross tally with Books
at the end of year
1. Ensure Income is segregated
2. Turnover need to be tallied
3. Ledger closing balance should be matched with books ( Speciall Zerodha ledger )
4. Units left unsold at the end of year
5. Margin account should be tallied.

You need to test check contract Notes , whether they appropriately accounted each intraday transaction.

Your Workflow should be
1. Zerodha Ledger should be tallied.
2. Testcheck Contract Notes ( If you have big turnover do Test check by taking appropriate sample size or if it is not big giant then Check each contract notes )
3. Intraday Turnover with books Should be match with Tax profit and loss od zerodha
4. Test check Short Term gains with Tax Profit and loss from Console
5. Test Check Long term Gains with tax profit and loss from Console
6. review Expenses on account of trading are properly segregated.
7. Units Unsold

Fees for audit of share trader....

It varies with the turnover

For turnover of 1.2 cr

15k plus minimum

If share trader have open positions in f & o on 31st March then where to show such open positions in balance sheet.