Audit Working Paper Generator

Obtain fixed asset register (FAR); reconcile with general ledger

Verify additions with purchase invoices, capitalisation vouchers and approvals

Verify deletions/disposals with board approvals and sale invoices

Physically verify sample of high-value assets; check tagging

Recompute depreciation as per Schedule II / useful life policy

Check impairment indicators as per AS 28 / Ind AS 36

Obtain schedule of investments; verify with demat statements / certificates

Verify classification between current and non-current

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

Verify any permanent diminution / impairment in value

Attend physical inventory count; document observations

Verify inventory valuation (cost or NRV, whichever is lower)

Obtain confirmations from inventory held at third-party locations

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

Obtain ageing of trade receivables; check ECL / provision working

Send balance confirmations to sample customers; reconcile responses

Verify subsequent receipts from bank statements

Obtain bank confirmations for all bank accounts as at year end

Review bank reconciliation statements; investigate old un-cleared items

Physically verify cash on hand as at year end (or roll-back procedures)

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

Obtain schedule of borrowings; verify with loan agreements and sanction letters

Obtain balance confirmations from lenders

Verify interest computation, TDS deduction and charge to P&L

Obtain ageing of trade payables; identify MSME parties

Send balance confirmations to sample vendors

Verify subsequent payments from April bank statement

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