Audit Working Paper Generator

Obtain Fixed Asset Register (FAR) and reconcile with books

Verify additions during the year with invoices and approvals

Verify deletions/disposals with sale invoices and profit/loss on sale

Check depreciation computation as per Schedule II / Ind AS 16

Perform physical verification of sample assets

Check impairment indicators as per AS 28 / Ind AS 36

Obtain schedule of investments; verify additions and deletions

Verify physical certificates / DEMAT statements

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

Verify any permanent diminution / impairment in value

Verify classification between Current and Non-Current

Attend physical inventory count or verify count sheets

Reconcile physical count with book records

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

Obtain confirmations from inventory held at third-party locations

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

Verify roll-forward procedures if count not at year end

Obtain ageing of trade receivables; check ECL / provision for doubtful debts

Send balance confirmations to sample debtors

Verify subsequent receipts from bank statements

Perform cut-off testing for sales invoices near year end

Verify statutory receivables — VAT / Tax Receivable from Exports etc.

Obtain bank confirmations for all bank accounts

Verify Bank Reconciliation Statements as at year end

Perform physical cash count and reconcile with cash book

Verify fixed deposits with FDR certificates and interest accrual

Verify authorised and issued capital from MCA master data

Obtain list of shareholders / partners as at year end

Obtain and verify direct confirmation from shareholders / partners

Verify any changes in capital during the year with board resolutions

Obtain schedule of borrowings; verify with loan agreements

Send confirmations to banks / financial institutions

Verify interest computation and accrual

Check compliance with loan covenants

Verify classification between Current and Non-Current

Obtain ageing of trade payables

Send balance confirmations to sample creditors

Verify subsequent payments from April bank statement

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

Obtain MSME interest computation working