Audit (Tax Audit / Internal Audit)

1. AUDIT ENGAGEMENT LETTER
2. OPENING TRAIL BALANCE
3. LAST YEAR SIGNED FINANCIAL STATEMENT
4. COPY OF CAMPUTATION OF INCOME OF LAST YEAR
5. SHAREHOLDING PATTERN
6. LIST OF DIRECTORS
7. REGISTER 301 EXTRACTS
8. MINUTES OF MEETING
9. FORM 26AS
10. FIXED ASSETS REGISTER
11. INVOICE OF ADDITION TO FIXED ASSETS
12. INVOICE OF SALE OF FIXED ASSETS
13. TDS PAYMENTS CHALLANS
14. PF/PT/ESIC/MLWF(WHICHEVER APPLICABLE) PAYMENT CHALLANS
15. ADVANCE TAX PAYMENTS CHALLANS
16. RETURNS COPY
17. LOAN PAYMENT SCH. & LOAN CONFIRMATION LETTER
18. CASH BALANCE CONFIRMATION LETTER ALONG WITH DENOMINATION
19. BANK BALANCE CONFIRMATION
20. OUTSTANDING ENTRY PASSED:PROVIDE SUPPORTING XEROX COPY
21. LIST OF RELATED PARTY AS PER AS18
22. LEDGER OF RELATED PARTY FROM TALLY HAVING TRANSACTION
23. CALCULATION OF FOREIGN EXCHANGE PROFIT/LOSS
24. CASH LEDGER WITH TRANSACTION MORE THAN Rs. 20000/-
25. SECTION 274(1)(g) OF CO. ACT: REPRESENTATION FROM DIRECTOR FOR QUALIFICATION
26. STATUS OF PENDING INCOME TAX ASSESSEMENT
27. DRAFT FINANCIAL STATEMENT
28. ANY CHANGE IN MOA/AOA
29. CERTIFICATE UNDER SEC. 40(A)(3) & 269SS & 269T OF INCOME TAX
30. COPY OF ANNUAL RETURN FILLED WITH MCA
31. CALCULATION OF DIRECTOR REMUNERATION AS PER COMPANIES ACT
32. SECTION 383A: SECRETARIAL COMPLIANCE CERTIFICATE
33. SHARE APPLICATION PENDING REFUND

An audit is a systematic and independent examination of books, accounts, statutory records, documents and vouchers of an organization to ascertain how far the financial statements as well as non-financial disclosures present a true and fair view of the concern. It also attempts to ensure that the books of accounts are properly maintained by the concern as required by law. Auditing has become such a ubiquitous phenomenon in the corporate and the public sector that academics started identifying an “Audit Society. The auditor perceives and recognizes the propositions before them for examination, obtains evidence, evaluates the same and formulates an opinion on the basis of his judgement which is communicated through their auditing report.