ITR filing GST filing Accounting outsourcing services

Checklist For Making Audit Files

Checklist for Making Audit Files

Client    :

Financial Year     :

Prepared By       :              

Date        :

 

Reviewed By      :              

Date          :

 

Format:

Particulars

Available In Page No. of

 

Permanent File

Working Paper File

Manual File

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1. General

  • Letter of Appointment
  • Communication to Previous Auditor
  • Profile of the Client
  • Applicability Check List
  • Engagement Letter
  • Letter of Representation

2. Administration

  • Time Budget

3. Planning & Control

  • Understanding the Client's business
  • Understanding the Accounting Policies
  • General Audit Program
  • Analytical Procedure in Planning the  Audit
  • Assessment of Risk
  • Materiality and Performance materiality
  • Permanent File update
  • Fraud Risk Questionnaire

4. Balance Sheet items

  • Tangible Assets
  • Intangible Assets
  • Investments
  • Inventories
  • Debtors, Loans and Advances
  • Cash and Bank Balances
  • Miscellaneous Expenditure
  • Capital and Reserves
  • Loan Liabilities
  • Current Liabilities
  • Deferred Tax Liability

5. Profit and Loss Account

  • Revenue
  • Expenses

6. Working Papers

  • Regrouping Journals
  • Adjusting Journals
  • Progress Sheet

7. Reports

  • Audit Declaration
  • Matters for Partner's Consideration
  • Summary Memorandum
  • Summary of Unadjusted Errors
  • Financial Statement Review
  • Subsequent Events Checklist
  • Management Letter Points

8. Appendices

  • Standards on Auditing Checklist - Control Sheet
  • Disclosure Requirements Relating To Investments
  • Disclosure requirements relating to the MSME
  • Checklist for Disclosures Under Accounting Standards

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