Audit Working Paper Generator

Obtain PPE schedule with additions, deletions, depreciation and CWIP movement

Verify additions with invoices, purchase orders and board approvals

Perform physical verification of sample fixed assets and reconcile with FAR

Check depreciation calculation as per Schedule II / applicable policy

Verify title deeds of immovable property held in the name of the entity

Check impairment indicators as per AS 28 / Ind AS 36

Obtain schedule of investments; verify additions and disposals during the year

Verify physical / demat holding statements from custodians

Check classification between Current and Non-Current investments

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

Verify any permanent diminution / impairment in value

Attend physical inventory count; document observations

Reconcile physical count with book records; investigate variances

Verify valuation as per AS 2 / Ind AS 2 (lower of cost and NRV)

Obtain confirmations from inventory held at third-party locations

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

Verify roll-forward / roll-backward procedures if count not at year end

Obtain ageing analysis of trade receivables

Send balance confirmations to sample debtors; perform alternate procedures for non-replies

Verify subsequent collections from bank statements

Check adequacy of provision for expected credit loss / doubtful debts

Perform cut-off testing for sales around year end

Obtain year-end bank confirmations directly from banks

Verify bank reconciliation statements for all bank accounts

Perform physical cash count and reconcile with cash book

Verify fixed deposits and lien / pledge disclosures

Verify authorised and issued capital from MCA master data / Registration Certificate

Obtain list of shareholders / partners as at year end

Verify movements in reserves and surplus with underlying approvals

Check compliance with dividend declaration and DDT / TDS provisions

Obtain schedule of borrowings; verify sanction letters and terms

Obtain balance confirmations from lenders

Verify interest computation, accrual and TDS compliance

Check compliance with borrowing covenants and end-use of funds

Verify charges registered with ROC (CHG-1 / CHG-4)

Obtain ageing of trade payables; send confirmations to sample vendors

Verify subsequent payments from April bank statement

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

Obtain MSME interest computation working

Perform cut-off testing for purchases around year end