Audit Working Paper Generator

Obtain fixed asset register and reconcile with general ledger

Verify additions during the year with invoices, approvals and installation certificates

Physically verify a sample of assets and check tagging

Verify depreciation computation as per Schedule II / Ind AS 16

Check disposals — approval, gain/loss computation and derecognition

Assess impairment indicators as per AS 28 / Ind AS 36

Obtain schedule of investments; verify additions and deletions

Verify physical share certificates / demat statements as at year end

Obtain direct confirmation for investments held with third parties

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

Verify any permanent diminution / impairment in value

Attend physical stock verification at year end

Reconcile physical count with book stock; verify differences

Test valuation of inventory as per AS 2 / Ind AS 2 (lower of cost or NRV)

Obtain confirmations from inventory held at third-party locations

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

Obtain party-wise ageing of trade receivables

Send balance confirmation requests to a sample of debtors

Verify subsequent receipts from April bank statements

Assess Expected Credit Loss (ECL) / provision for doubtful debts

Verify write-offs — check approval and reasons

Obtain bank confirmations for all bank accounts as at year end

Verify bank reconciliation statements for all accounts

Physically verify cash-in-hand as at year end

Check for stale / long outstanding cheques in BRS

Verify authorised and issued capital from MCA master data

Obtain list of shareholders / partners as at year end

Verify movements in reserves — securities premium, retained earnings

Check dividend declaration — Board / AGM approval and DDT / TDS

Obtain sanction letters and verify terms of borrowings

Send direct confirmations to banks / lenders

Verify interest computation and TDS on interest

Check compliance with loan covenants; obtain no-default confirmation

Verify charge creation / satisfaction from MCA records

Obtain party-wise ageing of trade payables

Send balance confirmation to a sample of creditors

Verify subsequent payments from April bank statement

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

Obtain MSME interest computation working