Audit Working Paper Generator

1.Obtain fixed asset register (FAR); reconcile with general ledger

2.Verify additions with invoices, purchase orders and capitalisation working

3.Verify deletions with board approvals, sale invoices and profit/loss on sale

4.Physically verify sample of assets; check tagging and location

5.Check depreciation as per Schedule II / useful life policy

6.Verify impairment testing as per AS 28 / Ind AS 36

1.Obtain investment schedule; verify with share certificates / demat statements

2.Verify additions and deletions with broker notes / board resolutions

3.Check valuation as per AS 13 / Ind AS 109 / Ind AS 28

4.Verify any permanent diminution / impairment in value

1.Obtain physical verification report; reconcile with book stock

2.Verify inventory valuation method (FIFO / Weighted Average) as per AS 2 / Ind AS 2

3.Perform cut-off testing for last GRN and last dispatch of the year

4.Obtain confirmations from inventory held at third-party locations

5.Obtain inventory ageing; check provision for slow-moving / obsolete items

1.Obtain ageing of trade receivables; reconcile with control account

2.Send balance confirmations on sample basis

3.Verify subsequent receipts from April bank statements

4.Check ECL / provision for doubtful debts as per Ind AS 109 / AS 29

1.Obtain bank confirmations for all bank accounts as at year end

2.Verify bank reconciliation statements; check long outstanding items

3.Physically verify cash on hand as at year end / surprise date

1.Verify authorised and issued capital from MCA master data

2.Obtain list of shareholders / partners as at year end

3.Verify movement in reserves and surplus with board approvals

1.Obtain loan confirmations from banks / lenders

2.Verify sanction letters, terms, security and repayment schedule

3.Check bifurcation between current and non-current portion

4.Verify interest computation and accrual

1.Obtain ageing of trade payables; reconcile with control account

2.Send balance confirmations on sample basis

3.Verify subsequent payments from April bank statement

4.Identify MSME parties; verify 43B(h) disallowance for delayed payment