Engagement details
Total
88
Done
0
NA
0
Pending
88
Property, Plant & Equipment (PPE)
- 1Obtain Fixed Asset Register (FAR); reconcile with General Ledger
- 2Verify additions during the year with invoices, board approvals and capitalisation policy
- 3Verify deletions/disposals — check authorisation, sale consideration and profit/loss on sale
- 4Physically verify a sample of major assets; reconcile with FAR
- 5Verify depreciation computation as per Schedule II / entity policy
- 6Check impairment indicators as per AS 28 / Ind AS 36
Investments
- 1Obtain schedule of investments; verify with demat statements / share certificates
- 2Verify additions and deletions with broker notes / board approvals
- 3Check classification — Current vs Non-Current, FVTPL / FVOCI / Amortised Cost
- 4Check valuation as per AS 13 / Ind AS 109 / Ind AS 28
- 5Verify any permanent diminution / impairment in value
Inventory
- 1Attend physical verification of inventory at year end
- 2Reconcile physical count with book records; investigate variances
- 3Verify valuation as per AS 2 / Ind AS 2 (lower of cost or NRV)
- 4Obtain confirmations for inventory held at third-party locations
- 5Verify inventory ageing; check provision for slow-moving / obsolete items
Trade Receivables
- 1Obtain ageing analysis of trade receivables; agree with ledger
- 2Send balance confirmation requests to sample customers
- 3Verify provision for expected credit loss (ECL) as per Ind AS 109 / AS
- 4Check subsequent receipts from April bank statement
- 5Identify related party receivables and disclose separately
Cash & Bank Balances
- 1Obtain Bank Reconciliation Statements for all bank accounts as at year end
- 2Obtain direct balance confirmations from all banks
- 3Physically verify cash-in-hand as at year end
- 4Verify fixed deposits with FDR certificates and interest accrual
Equity Share Capital
- 1Verify authorised and issued capital from MCA master data / Registration Certificate
- 2Obtain list of shareholders / partners as at year end
- 3Verify any capital raised / bought back during the year with statutory filings
Borrowings
- 1Obtain schedule of borrowings; reconcile with loan confirmations
- 2Verify interest computation, TDS on interest and disclosure of secured/unsecured
- 3Check compliance with loan covenants; obtain waiver letters if breached
- 4Verify charge creation / satisfaction on MCA portal
Trade Payables
- 1Obtain ageing of trade payables; agree with ledger
- 2Send balance confirmations to sample vendors
- 3Verify subsequent payments from April bank statement
- 4Identify MSME parties; verify 43B(h) disallowance for delayed payment
0 done · 0 NA · 88 pending