The New Statutory Audit Feature in
Tally.ERP 9 - Auditors Edition
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Statutory Audit Scope Covered
Data Analysis Auditing Financial Statements As Per Schedule VI
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Data Analysis Tools available
Verification of Chart of Accounts Verification of Balances Verification of Stock items Analytical Procedures Mark the Status as Verification Pending Documents Complete after Analysing the data Statutory Payments
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Verification of Chart of Accounts
Exception Types with Ledger Details All the Ledgers are Listed Under the Different Exception Types
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Verification of Stock Items
Verification of Stock Items Report Similar to Chart of Accounts
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Verification of Balances
Groups with Opening Balance differences are shown in red color Displays the Transaction details, Groups with Balance against the default Group behavior shown in red
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Analytical Procedures
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Verification of Pending Documents
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Verification of Statutory Payments
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Auditing/Vouching
Verification of Vouchers Related Party Transactions Forex Transactions The Auditing procedure is similar to the Tax Audit and the Vouchers Outstanding of MSMEs with respective Audit Status will be displayed in the respective columns Salary/Wages Payments (including Head Count)
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Auditing Verification of Vouchers
Audit only sampled transaction or all transactions
Option to Audit only Sampled or all transactions has been provided
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Auditing Related Party Transactions
Once the Related Parties are identified, all the Related Party transactions will be available for Scrutiny
Auditor can identify the Related Parties with the help of Client
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Auditing Forex Transactions
All the transactions involving Forex will be listed for scrutiny. The auditor can drill down to check the Rate of Exchange used by the Client for each
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Auditing Outstanding Bills from MSME
The MSMEs can be identified by Auditor with the help of the Client and all the Outstanding Bills from MSMEs will be available for Scrutiny
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Auditing Salary & Wages Payments
Salary/Wages report provides the details of the actual Head Count details Along with the Salary details for each month and each Employee
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Financial Reports Provided
Balance Sheet as per Schedule VI Profit & Loss A/c as per Schedule VI
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Schedule VI Balance Sheet Features
Can be generated with just a single click Tally Default Groups (Business Groups) are mapped to Schedule VI groupings by default too. Can be further regrouped as required (User defined) Flexible Schedule numbering Generation of Schedules Export to Excel for further formatting if required.
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Schedule VI Balance Sheet
The selected Group is moved along with the Balance without affecting the actual data The Group/Subgroup/Ledger Balances can be Moved From one Schedule VI titles to another as required or within default Tally Groups. To undo all changes click on button or press F10 Select the Group which needs to be Movement is possible using Ctrl+X Move button or moved Ctrl+Enter Configuration screen Move the cursor to the required line
To undo last change click on the Click on this button or Click this button or press button or press Ctrl+U press Ctrl+X to CUT/Move Ctrl+V to PASTE
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Schedule VI Balance Sheet
Final Schedule VI Balance Sheet With Schedules nos.
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Schedule VI Profit & Loss A/c Features
Sales & Income Groups are mapped to INCOME by default Expenses & Purchase Groups are mapped to EXPENDITURE Option to rename INCOME & EXPENDITURE is provided to support all industries Flexibility to regroup within INCOME & EXPENDITURE Flexible Schedule numbering Generation of Schedules Export to Excel for further formatting if required.
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Schedule VI Profit & Loss A/c
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THANK YOU
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