CHECK LIST FOR STATUTORY AUDIT FOR THE YEAR ENDING 31-MARCH-2011 Sl. No.

Particulars Requirements 1 Share Capital - Please confirm that is there any change in Shareholders pattern. If so, P 2 Share Application Money Pease Confirm that is there any receipt of Share Application M 3 Secured Loans: Please Produce the following documents:1) Bank Statements and Bank 4 Unsecured Loans: 1) Pl. Produce copies of documentation such as agreements with the 5 5 Current Liabilities: Sundry Creditors Statutory Dues 1) Pl. Produce the break-up of 6 6 Fixed Assets 1) Pl. confirm are there any additions to fixed assets, if so produce copie

7 Inventories 1) Produce closing stock valuation statements along with the details of co 8 Sundry Debtors 1) Produce break-up of Debtors.2) Produce Age-Wise analysis of Debt 9 Cash & Bank Balances 1) Produce a list of payments made in cash for more than 10 Deposits 1) Produce copies of deposit receipts.2) Also produce corresponding agreem 11 Sales: 1) Produce break-up for Sales & Other income2) Produce relevant agreements 12 Manufacturing Expenses 1) Produce break-up for Manufacturing Expenses 2) Produc 13 Administrative Expenses 1) Produce Rental agreements and ledger copy.2) Produce 14 Finance Charges 1) Produce break-up of Finance Charges along with detailed workin 15 Statutory Records 1) Produce copies of board & general body minutes2) Pl . confirm Apart from above you may be asked to provide cashflow statement and division wise balance sheet if applicable besides contingent liabilities, notes on accounts and internal auditors report, income tax provision,fringe benefit tax provision and deferred tax provisions DEPRECIATION SCHEDULE UNDER IT AND COMPANY LAW. status of vat, service tax ,cst and excise details if applicable.

Shareholders pattern. If so, Provide a certified copy of list of share holders and their shareholding position as eceipt of Share Application Money. Please produce copies of Share Application Forms evidencing the receipt ) Bank Statements and Bank Reconciliation Statements (BRS) for the loans availed for full year. 2) Also produ such as agreements with the parties evidencing the particulars of receipt of loans and rate of interest and ot ) Pl. Produce the break-up of Sundry Creditors.2) Produce the confirmation copies from the parties for which ed assets, if so produce copies of invoices along with workings for capitalisation of assets.2) Produce depreci

ts along with the details of cost and market value of inventories.2) Produce Reconciliation statements with E ce Age-Wise analysis of Debtors.3) Produce confirmation copies and account copies in the other parties ledg de in cash for more than Rs. 20,000/-2) Produce Bank statements and Bank Reconciliation Statements for the produce corresponding agreements for such deposits3) Produce confirmation copies. Produce relevant agreements with the parties which are not covered above.3) Produce Sales Reconciliation facturing Expenses 2) Produce relevant agreements with the parties which are not covered above. s and ledger copy.2) Produce donation receipts if any which are eligible for deduction U/s. 80 G of Income Ta es along with detailed workings for interest charged. l body minutes2) Pl . confirm are there any new charges created if so produce copies of relevant forms filed

rred tax provisions

their shareholding position as on 1-4-2010 & 31-3-2011 Forms evidencing the receipt of Share Application Money if any. led for full year. 2) Also produce Balance confirmations from the Bankers/Financial Institutions. 3) Produce co ns and rate of interest and other terms and conditions.2) Also produce interest workings/Reconciliations. es from the parties for which closing balance exceeds Rs. 5 lakhs. Also produce ledger copies in the parties b of assets.2) Produce depreciation workings both book purposes and I.T. purposes.

onciliation statements with Excise Records.3) Produce copies Quantitative details of daily production and sal opies in the other parties ledger accounts for amounts exceeding Rs. 5 lakhs. Also produce reconciliation sta onciliation Statements for the whole period.3) Also produce bank statements and details of subsequent date

Produce Sales Reconciliation with Sales Tax/VAT Returns.4) Produce interest workings and copies of dividend not covered above. uction U/s. 80 G of Income Tax Act, 1961

copies of relevant forms filed with the ROC.3) Please confirm whether the statutory records are updated and

cial Institutions. 3) Produce copies of sanction letters evidencing rate of interest being charged and the rate workings/Reconciliations. ledger copies in the parties books, if there are any deviations then also produce Reconciliations for such de

ils of daily production and sales of Raw-materials, consumables and finished goods . so produce reconciliation statements if there are any difference. 4) Produce copies of agreements with the p nd details of subsequent dates of clearance of cheques pending in BRS at the year end.4) Produce copies of

rkings and copies of dividend warrants if any included in Other income along with workings for Dividend rec

ory records are updated and also furnish the same for verification.

t being charged and the rate of interest as per sanction letters.4) Also produce interest workings/Reconciliati

e Reconciliations for such deviations. 3) Produce ledger copies and balance confirmations of related party tr

pies of agreements with the parties.5) Confirm is there any need to write-off any balances outstanding if so t ear end.4) Produce copies of FDRs and statements of interest workings.5) Also confirm that are there any ne

ith workings for Dividend received.5) Produce break-up of Miscellaneous income along with detailed working

interest workings/Reconciliations.5) If any bank accounts have been closed during the year then pl confirm a

nfirmations of related party transactions irrespective of the outstanding balance as on 31-3-2007:4) Pl. Produ

y balances outstanding if so the reasons for such provision. confirm that are there any new bank accounts opened during the period if so produce copies of Board Resolu

e along with detailed workings if any.

ng the year then pl confirm are there any charges created, if so pl produce the relevant forms for satisfactio

as on 31-3-2007:4) Pl. Produce a detailed note on the nature of relationship with such related parties in the

oduce copies of Board Resolution authorizing the same.

relevant forms for satisfaction of charge filed with ROC.

th such related parties in the day to day business operations and agreements if any evidencing the price at

f any evidencing the price at which the transactions are settled.5) Please confirm is there any need to write-

m is there any need to write-off of any long outstanding balances. If so produce a list of parties to be written

a list of parties to be written-off and reasons for such long outstandings.1) Please produce the ledger copies

ase produce the ledger copies for the Statutory dues such as:a) TDS Payableb) Professional Tax Payablec) Pr

Professional Tax Payablec) Provident Fund Payabled) Sales Tax Payablee) Provision for Fringe Benefit Taxf) P

sion for Fringe Benefit Taxf) Provision for Income Taxg) Excise Dutyh) Service Tax and any other applicable S

ax and any other applicable Statutory Dues.2) Produce copies of challans evidencing the payment of the abo

ncing the payment of the above statutory dues.3) Also produce detailed statements for the above statutory

ents for the above statutory dues having details of Month-wise credits/payable, Due date for the payment, D

Due date for the payment, Date of actual payment, delay if any etc.,4) Produce copies of Quarterly TDS Ret

e copies of Quarterly TDS Returns, Sales tax returns. Also produce Sales Tax and Excise Duty Reconciliation

d Excise Duty Reconciliation statements.5) Workings for Provision for Income tax/MAT calculations.6) Produc

ax/MAT calculations.6) Produce quarter-wise workings for Fringe Benefit Tax (FBT). Also produce payment of

T). Also produce payment of advance tax challans for FBT.