required for audit

what is required for audit and what does check in audit of company and firm.
Replies (2)

Basically, your books of accounts. An auditor needs to make sure that your accounts and the financial performance of the company has been presented in a fair and accurate manner. There's absolutely no limits to what an auditor might ask you to provide. At any given time, they can ask for specific accounts, books prepared by your internal auditor. They might alsi visit your inventory etc. Basically, you might be required to explain your business in and out and until, they're convinced that there's no window dressing and the performance of the company is exactly as is represented in the books. You can be asked to explain whatever he asks you.

first of all check the purchases and sales with VAT returns and GST returns
reconciliation to be done based on returns with the tally books
identify mistakes and correct the sales with the returns if returns shows high
identify the actual balance of duties and taxes as per return matching with the tally data
check the bank balances with tally data balances
compare the expenses of current year with last years, if finance year expenses more ask the reason for increase
conform the creditors balances with account statements obtained

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
ARTICLESHIP 30 September 2026
CA Article Assistant

CA Suraj Garg & Associates

New Delhi

CA Final

View Details
Company
08 October 2026
Accounts and Tax Associate

POOJA R TELI & CO

Pune

CA Inter

View Details
Company
15 October 2026
Senior Accountant

Continental Belting Pvt Ltd

Mumbai

B.Com

View Details
Company
14 October 2026
Accountant

Rize.farm

Bengaluru

B.Com

View Details