Prepared By- Asutosh & Pankaj Audit Center Company-XYZ

Responsible person
Statutory Audit Programme ( XYZ ) of company
Financial Year 2007-08

Checking of opening balances Plant

Vouching at HO

1-Expenses ( Revenue on test basis) Plant/HO

2-Expenses ( Capital on test basis) Plant/HO
3-Sale ( On test basis ) Plant
4-Purchase ( On test basis) Plant
5-Petty cash expenses ( On test basis) Plant/HO
6-Bank Vouching ( On test basis ) Plant/HO
7-JV Vouching ( On test basis) Plant/HO

Verification & make a list of all verified item by us

8-All Investments Plant/HO

9-All Fixed Assets Invoice ( Additio during the period) Plant/HO
10-All Fixed Assets Put to use cerificate Plant/HO
11-All Fixed Assets Physically as per list Plant/HO
12-ALL TDS ( Assets ) certificate HO
13-Tax payment challan
1- Advance tax if any HO
2-TDS HO
3-FBT HO
4-TR 6 Plant/HO
 5-PLA Plant/HO
6-Any Other
14-Inter company reconcilation HO

Computation & Provison checking

15-Depreciation as per IT Act Plant/HO

16-Depreciation as per CO Act Plant/HO
17-Provison for Accrued Interest Plant/HO
18-Provison for Salary Plant/HO
19-Provison for Expenses Plant/HO
20-Provison for Taxes Plant/HO
21-Deferred Tax Provison HO
22-Other Write Off Items Plant/HO
23-Managerial Remunaration as per companies act HO
24-Minimum Alternative Tax HO
25-WIP if any Plant/HO
26-In Transit Stock ( If any ) Plant/HO
27-Interest on unsecured loan & TDS on this Plant/HO
28-Checking of prepaid items Plant/HO
29-Checking of Inventory valuation
Ask to Management

30-For Cash In hand certificate HO

31-For Inventory certificate HO
32-For all the board resolution HO
33-List of related parties HO
34-For any material matter ask to prepare management representation HO
35-Previous approval of central government if managerial HO
remuneration exceed from the limit
Co Law provison (check compliance)

36-Share capital through bank HO

37-Share capital related formalities HO
38-Dividend declaration HO
39-Loan to Directors Plant/HO
40-ROC Other submissons HO
41-Share register cross tally with account figure HO
42-Register of charges HO

Other Law provison (check compliance & accordingly entry)

43-Proffesional tax ( Entry & payment verification ) Plant/HO

44-Service tax( Entry & payment verification ) Plant/HO
45-Excise ( Entry & payment verification if any) Plant
46-FBT ( Entry & payment verification ) HO
47-CST ( Entry & payment verification if possible at HO) Plant
48-VAT ( Entry & payment verification if possible at HO) Plant
49-PF ( Entry & payment verification ) Plant/HO
50-ESIC ( Entry & payment verification ) Plant/HO

Other
51-Ledger Scruitny Plant/HO
52-Debtors & creditors having opposite balance Plant/HO
53-Cash Loan transactions list more than 20000 Plant/HO
54-Cash Expenses list more than 20000 Plant/HO

Ask To Accounts Department

55-Get ready BRS Plant/HO

56-Get ready Excise Reco Plant
57-Balance confirmation certificate from banks Plant/HO
58-Balance confirmation certificate from parties Plant/HO
59-Loss on sale of fixed assets & derivatives ( if any) Plant/HO
60-Compliance of AS 15 regarding provison of retirement benefit Plant/HO
61-Any matter if seems material Plant/HO
62-Any write off item if it is doubtful Plant/HO
63-Verification of opening Provisions paid of Plant/HO
64-Returns of share allotment ( Verification) HO
65-Returns of VAT Return ( Verification) Plant
66-Returns of Service tax return ( Verification) Plant
67-Returns of ER-1 ( Verification) Plant
68-Returns of PT ( Verification) Plant
69-Others returns Plant/HO
Status of compliance
150720