A statutory audit is an examination of an entity’s financial records in accordance with the requirements of a government agency. A number of organizations must undergo statutory audits, including the following: Banks. Brokerage firms.
Before planning for statutory audit, we need to keep ready important document for audit. Here is list of important documents.What documents required by auditor at the time of audit?
|1||AUDIT ENGAGEMENT LETTER|
|2||OPENING TRAIL BALANCE|
|3||LAST YEAR SIGNED FINANCIAL STATEMENT|
|4||COPY OF CAMPUTATION OF INCOME OF LAST YEAR|
|6||LIST OF DIRECTORS|
|7||LIST OF KMPs|
|8||REGISTER 301 EXTRACTS|
|9||MINUTES OF MEETING|
|11||FIXED ASSETS REGISTER|
|12||INVOICE OF ADDITION TO FIXED ASSETS|
|13||INVOICE OF SALE OF FIXED ASSETS|
|14||TDS PAYMENTS CHALLANS|
|15||PF/PT/ESIC/MLWF(WHICHEVER APPLICABLE) PAYMENT CHALLANS|
|16||ADVANCE TAX PAYMENTS CHALLANS|
|18||LOAN PAYMENT SCH. & LOAN CONFIRMATION LETTER|
|19||CASH BALANCE CONFIRMATION LETTER ALONG WITH DENOMINATION|
|20||BANK BALANCE CONFIRMATION|
|21||OUTSTANDING ENTRY PASSED:PROVIDE SUPPORTING XEROX COPY|
|22||LIST OF RELATED PARTY AS PER AS18|
|23||LEDGER OF RELATED PARTY FROM TALLY HAVING TRANSACTION|
|24||CALCULATION OF FOREIGN EXCHANGE PROFIT/LOSS|
|25||CASH LEDGER WITH TRANSACTION MORE THAN Rs. 20000/-|
|26||SECTION 274(1)(g) OF CO. ACT: REPRESENTATION FROM DIRECTOR FOR QUALIFICATION|
|27||STATUS OF PENDING INCOME TAX ASSESSEMENT|
|28||DRAFT FINANCIAL STATEMENT|
|29||MANAGEMENT REPRESENTATION LETTER|
|30||ANY CHANGE IN MOA/AOA|
|31||CERTIFICATE UNDER SEC. 40(A)(3) & 269SS & 269T OF INCOME TAX|
|32||COPY OF ANNUAL RETURN FILLED WITH MCA|
|33||CALCULATION OF DIRECTOR REMUNERATION AS PER COMPANIES ACT|
|34||SECTION 383A: SECRETARIAL COMPLIANCE CERTIFICATE|
|35||SHARE APPLICATION PENDING REFUND|
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