Initial Audit Checklist — Statutory Audit Planning (ICAI)

A planning-stage checklist covering the documents and confirmations to obtain from the client before fieldwork begins — trial balance, schedules, prior-year working papers, board minutes.

Free · ICAI AASB (June 2023)

Updated 28 May 2026

Source

ICAI AASB (June 2023)

When to send

2-3 weeks before fieldwork

Owner

Engagement manager

Covers

TB, ledgers, minutes, prior WPs

Your firm — letterhead

Appears at the top of the document as the audit firm letterhead.

Audit firm name

Audit firm address

Used as the letterhead block.

Engagement partner

ICAI membership no.

Firm registration no.(optional)

Engagement details

The client and period this document is for.

Client / company name

Period ended

The financial year-end this engagement covers, e.g. 31 March 2026.

Date of letter

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Initial Audit Checklist — Statutory Audit Planning

29 May 2026

(Following draft may be used)

It is important to convey to client, what information is required in order to start the audit

S. No.	Area	Particulars	Particulars
1	Business Under-standing	Business Profile of the company along with major clients/customers/ vendors/ competitors	Business Profile of the company along with major clients/customers/ vendors/ competitors
1	Business Under-standing	Latest organization structure of company (with names).	Latest organization structure of company (with names).
1	Business Under-standing	Approved policies and procedure adopted by the company (e.g. company manual)	Approved policies and procedure adopted by the company (e.g. company manual)
1	Business Under-standing	Brief about the Information System used by the company	Brief about the Information System used by the company
1	Business Under-standing	Business projections for next 5 years.	Business projections for next 5 years.
1	Business Under-standing	Internal audit reports for the audit period covered	Internal audit reports for the audit period covered
1	Business Under-standing	Documents related to ICFR (process flows, risk control matrix, walkthroughs and testing) done by the management	Documents related to ICFR (process flows, risk control matrix, walkthroughs and testing) done by the management
1	Business Under-standing	Details of whole-time key managerial personnel of a company	Details of whole-time key managerial personnel of a company
2	Financial Statements	Detailed trial balance (with movement - opening, debits, credits, closing) for the year/period ending as on March 31, 20xx.	Detailed trial balance (with movement - opening, debits, credits, closing) for the year/period ending as on March 31, 20xx.
2	Financial Statements	Standalone Financial Statements which should include the following (as per the format shared): - Balance sheet - Statement of Profit and loss / Statement of income and expenditure - Cash flow statement, if applicable - Statement of changes in equity, if applicable - Notes to Accounts	Standalone Financial Statements which should include the following (as per the format shared): - Balance sheet - Statement of Profit and loss / Statement of income and expenditure - Cash flow statement, if applicable - Statement of changes in equity, if applicable - Notes to Accounts
2	Financial Statements	Consolidated Financial Statements (if applicable)	Consolidated Financial Statements (if applicable)
2	Financial Statements	Minutes of meeting of Board of Directors in which the financial statements have been adopted.	Minutes of meeting of Board of Directors in which the financial statements have been adopted.
2	Financial Statements	Final financial with Notes to accounts and accounting policies with all footnotes and necessary disclosures.	Final financial with Notes to accounts and accounting policies with all footnotes and necessary disclosures.
2	Financial Statements	All AS/ Ind AS Adjustments and their working backups.	All AS/ Ind AS Adjustments and their working backups.
3	Share Capital	Schedule of share capital as at March 31, 20xx. (opening, issued, closing) separately for different types and class of shares	Schedule of share capital as at March 31, 20xx. (opening, issued, closing) separately for different types and class of shares
3	Share Capital	List of shareholders holding more than 5% of paid up share capital as at March 31, 20xx. (certified by director)	List of shareholders holding more than 5% of paid up share capital as at March 31, 20xx. (certified by director)
3	Share Capital	Copy of share certificate issued to shareholders during the year (if any)	Copy of share certificate issued to shareholders during the year (if any)
3	Share Capital	Shareholding declaration from major shareholders as at March 31, 20xx	Shareholding declaration from major shareholders as at March 31, 20xx
3	Share Capital	List of shares issued to non-residents along with copy of Foreign Inward Remittance Certificate 's from Bank, RBI intimation, share valuation reports, acknowledged copy of Foreign Currency Gross Provisional Return.	List of shares issued to non-residents along with copy of Foreign Inward Remittance Certificate 's from Bank, RBI intimation, share valuation reports, acknowledged copy of Foreign Currency Gross Provisional Return.
3	Share Capital	Statutory forms and returns filed with the government regarding increase in share capital along with payment challans. (if any).	Statutory forms and returns filed with the government regarding increase in share capital along with payment challans. (if any).
3	Share Capital	Details of Share application money pending allotment (if any).	Details of Share application money pending allotment (if any).
3	Share Capital	Details of any Employee Stock Option Plan ('ESOP') issued by the company along with required approvals, options offered per employee and exercise price, basis of calculation, vesting period, list of option vested and exercised / option vested but not exercised / options cancelled (employee wise), accounting treatment for the same.	Details of any Employee Stock Option Plan ('ESOP') issued by the company along with required approvals, options offered per employee and exercise price, basis of calculation, vesting period, list of option vested and exercised / option vested but not exercised / options cancelled (employee wise), accounting treatment for the same.
4	Reserves and Surplus	Lead Schedule for Reserves and Surplus which should include all movements on reserves made during the year.	Lead Schedule for Reserves and Surplus which should include all movements on reserves made during the year.
4	Reserves and Surplus	Details of all mandatory/requisite transferred made to reserves.	Details of all mandatory/requisite transferred made to reserves.
5	Borrow-ings	Lender wise list of borrowings (Separately for Long term and short term) with following details: - Opening Balance - Repaid during the year (with Dates) - Availed/borrowed during the year (With Dates) - Closing Balance - Name of Lender - Nature of relationship with lender(if any) - Whether Secured or unsecured - Purpose of Borrowing - Rate of Interest Payable - Repayment Schedule for each borrowing (With breakup of principal repayment and interest payment). - Break-up of Long term outstanding debt into Current and non-current maturities.	Lender wise list of borrowings (Separately for Long term and short term) with following details: - Opening Balance - Repaid during the year (with Dates) - Availed/borrowed during the year (With Dates) - Closing Balance - Name of Lender - Nature of relationship with lender(if any) - Whether Secured or unsecured - Purpose of Borrowing - Rate of Interest Payable - Repayment Schedule for each borrowing (With breakup of principal repayment and interest payment). - Break-up of Long term outstanding debt into Current and non-current maturities.
5	Borrow-ings	Copy of contract/ arrangement for borrowings outstanding during the year.	Copy of contract/ arrangement for borrowings outstanding during the year.
5	Borrow-ings	Balance confirmation for balance outstanding of borrowings as at the end of the financial year concerned	Balance confirmation for balance outstanding of borrowings as at the end of the financial year concerned
5	Borrow-ings	Copy of shareholders' approval, where applicable	Copy of shareholders' approval, where applicable
5	Borrow-ings	Copy of Board resolution for borrowing	Copy of Board resolution for borrowing
5	Borrow-ings	Details and supporting documents for any public issue of debt securities made during the year.	Details and supporting documents for any public issue of debt securities made during the year.
5	Borrow-ings	Details of assets on which charge has been created for secured borrowings along with relevant forms filed with ROC.	Details of assets on which charge has been created for secured borrowings along with relevant forms filed with ROC.
5	Borrow-ings	Register of Debenture holders and Debenture trust deed, if any	Register of Debenture holders and Debenture trust deed, if any
5	Borrow-ings	List of ECB taken along with relevant details and copy of agreement	List of ECB taken along with relevant details and copy of agreement
5	Borrow-ings	Summary of amount utilized for each External Commercial Borrowings (ECB)/Borrowing individually	Summary of amount utilized for each External Commercial Borrowings (ECB)/Borrowing individually
5	Borrow-ings	ECB returns filed during the period.	ECB returns filed during the period.
5	Borrow-ings	Reinstatement of Foreign currency loans taken if any, along with accounting treatment done for the same.	Reinstatement of Foreign currency loans taken if any, along with accounting treatment done for the same.
6	Provis-ions	Details (opening, provision created, provision utilized, reversed, closing) of the provisions for following during the year ended March 31, 20xx	Details (opening, provision created, provision utilized, reversed, closing) of the provisions for following during the year ended March 31, 20xx
6	Provis-ions	Gratuity (along with company policy, working and actuarial valuation)	Gratuity (along with company policy, working and actuarial valuation)
6	Provis-ions	Leave Encashment (along with company policy, working and actuarial valuation)	Leave Encashment (along with company policy, working and actuarial valuation)
6	Provis-ions	Bonus (along with company policy, calculation and approvals)	Bonus (along with company policy, calculation and approvals)
6	Provis-ions	Warranty (along with company policy and calculation)	Warranty (along with company policy and calculation)
6	Provis-ions	Rent Equalization (along with working and copy of rent agreements)	Rent Equalization (along with working and copy of rent agreements)
6	Provis-ions	Income Tax (along with computation of Income Tax liability)	Income Tax (along with computation of Income Tax liability)
6	Provis-ions	Proposed Dividend (along with workings and management approvals)	Proposed Dividend (along with workings and management approvals)
6	Provis-ions	Doubtful Debts (along with policy and calculation)	Doubtful Debts (along with policy and calculation)
6	Provis-ions	Expenses (Along with supporting and basis of calculation)	Expenses (Along with supporting and basis of calculation)
6	Provis-ions	Break-up of all the above provisions into current and non-current	Break-up of all the above provisions into current and non-current
7	Trade Payables	List of Creditors (separately for trade goods/ services, Capital goods and expenses)	List of Creditors (separately for trade goods/ services, Capital goods and expenses)
7	Trade Payables	Creditors aging as on March 31, 20xx with subsequent adjustments	Creditors aging as on March 31, 20xx with subsequent adjustments
7	Trade Payables	Balance confirmation from all creditors (Track chart attached)	Balance confirmation from all creditors (Track chart attached)
7	Trade Payables	Restatement of foreign currency creditors as on March 31, 20xx	Restatement of foreign currency creditors as on March 31, 20xx
7	Trade Payables	Details of balance written back during the year, along with management approvals and reasons thereof	Details of balance written back during the year, along with management approvals and reasons thereof
8	Other Liabilities	Details of other liabilities along with bifurcation into current and non-current	Details of other liabilities along with bifurcation into current and non-current
8	Other Liabilities	Details of advances received from customers along with ageing	Details of advances received from customers along with ageing
8	Other Liabilities	Details of amounts payable to employees	Details of amounts payable to employees
8	Other Liabilities	Details of Statutory dues outstanding as on March 31, 20xx along with date and supporting of subsequent payment.	Details of Statutory dues outstanding as on March 31, 20xx along with date and supporting of subsequent payment.
9	Taxation (Direct and Indirect)	Copy of Income Tax Return (ITR) for AY 20xx-xx along with ITR-V	Copy of Income Tax Return (ITR) for AY 20xx-xx along with ITR-V
9	Taxation (Direct and Indirect)	Status of all on-going assessment of Income tax as at March 31, 20xx along with copy of assessment orders received during the year.	Status of all on-going assessment of Income tax as at March 31, 20xx along with copy of assessment orders received during the year.
9	Taxation (Direct and Indirect)	Computation of Income Tax/ Minimum Alternate Tax and Deferred Tax for the year.	Computation of Income Tax/ Minimum Alternate Tax and Deferred Tax for the year.
9	Taxation (Direct and Indirect)	Copy of Challans for Advance tax deposited during the year	Copy of Challans for Advance tax deposited during the year
9	Taxation (Direct and Indirect)	Copy of Form 26AS for the relevant AY along with reconciliation with TDS receivable as per books of account.	Copy of Form 26AS for the relevant AY along with reconciliation with TDS receivable as per books of account.
9	Taxation (Direct and Indirect)	Schedule of TDS deducted by the company with details (Date of booking expense, Party name, Nature of payment, Expense ledger in which amount booked, gross amount, TDS deducted, date of deposit of TDS, challan number. (Gross amount and TDS should be reconciled with books of account)	Schedule of TDS deducted by the company with details (Date of booking expense, Party name, Nature of payment, Expense ledger in which amount booked, gross amount, TDS deducted, date of deposit of TDS, challan number. (Gross amount and TDS should be reconciled with books of account)
9	Taxation (Direct and Indirect)	Copy of TDS Challans and TDS return	Copy of TDS Challans and TDS return
9	Taxation (Direct and Indirect)	Copy of Certificate for lower deduction/Nil deduction received if any.	Copy of Certificate for lower deduction/Nil deduction received if any.
9	Taxation (Direct and Indirect)	Returns of GST filed during the year	Returns of GST filed during the year
9	Taxation (Direct and Indirect)	Details of GST charged and paid during the year	Details of GST charged and paid during the year
9	Taxation (Direct and Indirect)	Details of GST paid/payable under reverse charge (Nature of service, Gross Amount, GST liability)	Details of GST paid/payable under reverse charge (Nature of service, Gross Amount, GST liability)
9	Taxation (Direct and Indirect)	Copy of challan for GST	Copy of challan for GST
9	Taxation (Direct and Indirect)	Status of all on-going assessment of Excise/VAT/Service tax as at March 31, 20xx	Status of all on-going assessment of Excise/VAT/Service tax as at March 31, 20xx
9	Taxation (Direct and Indirect)	Copy of demand orders received during the year for Excise/Service Tax/VAT	Copy of demand orders received during the year for Excise/Service Tax/VAT
9	Taxation (Direct and Indirect)	Working and documents related to insurance claim receivable.	Working and documents related to insurance claim receivable.
10	Property, Plant and Equip-ment including Intang-ible Assets	PPE register as at March 31, 20xx providing a. Year of acquisition; b. Classification, that is, the head under which it is shown in accounts e.g., Land, Building, Plant & Machinery, Furniture & Fixtures, Office Equipment, etc; c. Location; d. Quantity, i.e. no. of units; e. Original Cost; f. Adjustment for revaluation or for increase or decrease in cost consequent on revolution of Foreign Currency Liabilities if any; g. Depreciation Written off to date; h. Written down value of asset	PPE register as at March 31, 20xx providing a. Year of acquisition; b. Classification, that is, the head under which it is shown in accounts e.g., Land, Building, Plant & Machinery, Furniture & Fixtures, Office Equipment, etc; c. Location; d. Quantity, i.e. no. of units; e. Original Cost; f. Adjustment for revaluation or for increase or decrease in cost consequent on revolution of Foreign Currency Liabilities if any; g. Depreciation Written off to date; h. Written down value of asset
10	Property, Plant and Equip-ment including Intang-ible Assets	Details of change in method of Depreciation, if any, along with accounting treatment for the same.	Details of change in method of Depreciation, if any, along with accounting treatment for the same.
10	Property, Plant and Equip-ment including Intang-ible Assets	List of all additions/deletions of PPE during period along with copy of invoices. In case of no additions certificate that there has not been any addition during the period.	List of all additions/deletions of PPE during period along with copy of invoices. In case of no additions certificate that there has not been any addition during the period.
10	Property, Plant and Equip-ment including Intang-ible Assets	Calculation of gain/loss of sale of PPE during the year.	Calculation of gain/loss of sale of PPE during the year.
10	Property, Plant and Equip-ment including Intang-ible Assets	Depreciation calculation for the period under Companies Act, 2013 and Income Tax Act, 1961.	Depreciation calculation for the period under Companies Act, 2013 and Income Tax Act, 1961.
10	Property, Plant and Equip-ment including Intang-ible Assets	Details and certificate for physical verification of PPE done during the period	Details and certificate for physical verification of PPE done during the period
10	Property, Plant and Equip-ment including Intang-ible Assets	Schedule of CWIP & Capital Advances as at March 31, 20xx along with movement in CWIP and certificate of completion from vendor for CWIP capitalized during the year.	Schedule of CWIP & Capital Advances as at March 31, 20xx along with movement in CWIP and certificate of completion from vendor for CWIP capitalized during the year.
10	Property, Plant and Equip-ment including Intang-ible Assets	Management certification on CWIP as at March 31, 20xx	Management certification on CWIP as at March 31, 20xx
10	Property, Plant and Equip-ment including Intang-ible Assets	Provide the list of PPE taken/given on lease during the year.	Provide the list of PPE taken/given on lease during the year.
10	Property, Plant and Equip-ment including Intang-ible Assets	Details of Exchange Fluctuation in case of purchase of imported asset.	Details of Exchange Fluctuation in case of purchase of imported asset.
10	Property, Plant and Equip-ment including Intang-ible Assets	List of third party assets (if any).	List of third party assets (if any).
10	Property, Plant and Equip-ment including Intang-ible Assets	Details of assets revalued and movement in revaluation reserve if any.	Details of assets revalued and movement in revaluation reserve if any.
11	Inventory	Item and month-wise movement in inventory (separately for Raw material, WIP, consumables and Finished goods) during the year stating therein Opening, Purchases/Manufactured, Sales/Issued and Closing Stock (both quantity and value).	Item and month-wise movement in inventory (separately for Raw material, WIP, consumables and Finished goods) during the year stating therein Opening, Purchases/Manufactured, Sales/Issued and Closing Stock (both quantity and value).
11	Inventory	Certificate of physical stock take of inventory as on March 31, 20xx	Certificate of physical stock take of inventory as on March 31, 20xx
11	Inventory	Records of Physical stock take of inventory carried during the year along with details and accounting treatment for variation observed if any.	Records of Physical stock take of inventory carried during the year along with details and accounting treatment for variation observed if any.
11	Inventory	Item-wise closing stock valuation as on March 31, 20xx	Item-wise closing stock valuation as on March 31, 20xx
11	Inventory	Supporting documents for Goods in Transit as at March 31, 20xx if any.	Supporting documents for Goods in Transit as at March 31, 20xx if any.
11	Inventory	Inventory Ageing analysis as at March 31, 20xx	Inventory Ageing analysis as at March 31, 20xx
11	Inventory	Policy for inventory provisioning.	Policy for inventory provisioning.
11	Inventory	Calculation of provision for inventory created as on March 31, 20xx. along with management approval.	Calculation of provision for inventory created as on March 31, 20xx. along with management approval.
11	Inventory	Inventory valuation Cost vs Net Realisable Value. Details with their supporting documents.	Inventory valuation Cost vs Net Realisable Value. Details with their supporting documents.
12	Trade Receiv-ables	Listing of debtors along with Debtors ageing from the dates on which they become due as at March 31, 20xx	Listing of debtors along with Debtors ageing from the dates on which they become due as at March 31, 20xx
12	Trade Receiv-ables	Listing of open invoices as at March 31, 20xx along with the subsequent collection status.	Listing of open invoices as at March 31, 20xx along with the subsequent collection status.
12	Trade Receiv-ables	Balance confirmation in respect of major debtors. (Track Chart attached)	Balance confirmation in respect of major debtors. (Track Chart attached)
12	Trade Receiv-ables	Listing of trade receivables whose recoverability is doubtful (like debtors with legal cases, old outstanding debtors, etc) along with management assessment for recoverability.	Listing of trade receivables whose recoverability is doubtful (like debtors with legal cases, old outstanding debtors, etc) along with management assessment for recoverability.
12	Trade Receiv-ables	Restatement of foreign currency receivables at March 31, 20xx	Restatement of foreign currency receivables at March 31, 20xx
12	Trade Receiv-ables	Policy for debtors provisioning and provision made during the year	Policy for debtors provisioning and provision made during the year
12	Trade Receiv-ables	Details of Bad debts recovered (if any)	Details of Bad debts recovered (if any)
13	Other Non Current and Current assets	Classification of all assets (wherever necessary) into current and non-current with basis of such classification	Classification of all assets (wherever necessary) into current and non-current with basis of such classification
13	Other Non Current and Current assets	Schedule of balance with government authorities as per books of account (like CENVAT credit of Excise/service tax, VAT, CVD, GST, Income Tax etc) – including reconciliation with statutory records.	Schedule of balance with government authorities as per books of account (like CENVAT credit of Excise/service tax, VAT, CVD, GST, Income Tax etc) – including reconciliation with statutory records.
13	Other Non Current and Current assets	Schedule of employee advances as at March 31, 2xx3 specifying nature of advance and supporting documentation. Also give status on subsequent settlement.	Schedule of employee advances as at March 31, 2xx3 specifying nature of advance and supporting documentation. Also give status on subsequent settlement.
13	Other Non Current and Current assets	Schedule for prepaid expenses as at March 31, 20xx along with supporting documents.	Schedule for prepaid expenses as at March 31, 20xx along with supporting documents.
13	Other Non Current and Current assets	Movement wise schedule of security deposits showing party name, date of deposit, amount and nature, agreement and balance confirmation	Movement wise schedule of security deposits showing party name, date of deposit, amount and nature, agreement and balance confirmation
13	Other Non Current and Current assets	Details of Loans & Advances given to employees during the year along with its repayment schedule.	Details of Loans & Advances given to employees during the year along with its repayment schedule.
13	Other Non Current and Current assets	Schedule of advances given to creditors specifying nature of advance and supporting documentation. Also give status on subsequent settlement.	Schedule of advances given to creditors specifying nature of advance and supporting documentation. Also give status on subsequent settlement.
13	Other Non Current and Current assets	Details / workings of Deposits (assets) made during the year along with copy of maturity invoices.	Details / workings of Deposits (assets) made during the year along with copy of maturity invoices.
13	Other Non Current and Current assets	Details and movement of Government grant during the year.	Details and movement of Government grant during the year.
14	Invest-ments	Provide investment schedule as on March 31, 20xx (Openings, Investments made, investment sold/matured, closing)	Provide investment schedule as on March 31, 20xx (Openings, Investments made, investment sold/matured, closing)
14	Invest-ments	Classification of all investment (wherever necessary) into current and non-current with basis of such classification	Classification of all investment (wherever necessary) into current and non-current with basis of such classification
14	Invest-ments	Working sheet of valuation for investment as per Ind AS 109 and their corresponding income.	Working sheet of valuation for investment as per Ind AS 109 and their corresponding income.
14	Invest-ments	Provide the copy of policy adopted by the management for investments made by company.	Provide the copy of policy adopted by the management for investments made by company.
14	Invest-ments	Provide the Certificates / Correspond-ences from Custodian or depository organization /third parties regarding investment made.	Provide the Certificates / Correspond-ences from Custodian or depository organization /third parties regarding investment made.
15	Cash and cash equival-ents	Certificates of cash & cash equivalents balance as at March 31, 20xx.	Certificates of cash & cash equivalents balance as at March 31, 20xx.
15	Cash and cash equival-ents	Details and certificate for cash payments in excess of Rs. 10,000 during the year.	Details and certificate for cash payments in excess of Rs. 10,000 during the year.
15	Cash and cash equival-ents	List of Bank accounts held by the company	List of Bank accounts held by the company
15	Cash and cash equival-ents	Schedule of bank balances as on March 31, 20xx (segregating current accounts and deposit accounts)	Schedule of bank balances as on March 31, 20xx (segregating current accounts and deposit accounts)
15	Cash and cash equival-ents	Bank reconciliation statements for the month of March 31, 20xx for all the bank accounts, if any	Bank reconciliation statements for the month of March 31, 20xx for all the bank accounts, if any
15	Cash and cash equival-ents	Bank balance confirmations (including for deposit accounts) at March 31, 20xx for all banks. (post details of bank confirmation letter will be provided on ABC’s letterhead.)	Bank balance confirmations (including for deposit accounts) at March 31, 20xx for all banks. (post details of bank confirmation letter will be provided on ABC’s letterhead.)
15	Cash and cash equival-ents	Bank Statements for all the bank accounts till (Month) 20xx	Bank Statements for all the bank accounts till (Month) 20xx
15	Cash and cash equival-ents	Schedule for movement in Fixed deposits during the period.	Schedule for movement in Fixed deposits during the period.
15	Cash and cash equival-ents	Copy of Fixed deposit receipts of the new & matured FD's during the year	Copy of Fixed deposit receipts of the new & matured FD's during the year
15	Cash and cash equival-ents	Working of interest accrued on FD during the year	Working of interest accrued on FD during the year
16	Revenue	Invoice wise sales register (in excel file) for the year ended March 31, 2xx3 with following details: Invoice Number, Invoice Date, Party, Material Sold, Quantity, Sale Value, GST charged	Invoice wise sales register (in excel file) for the year ended March 31, 2xx3 with following details: Invoice Number, Invoice Date, Party, Material Sold, Quantity, Sale Value, GST charged
16	Revenue	Invoice wise list of service income earned for the year ended March 31, 2xx3 with following details: Invoice Number, Invoice Date, Party, service rendered, Service Value, GST charged.	Invoice wise list of service income earned for the year ended March 31, 2xx3 with following details: Invoice Number, Invoice Date, Party, service rendered, Service Value, GST charged.
16	Revenue	Schedule of break up of sales and service income into domestic and export sales for the year ending March 31, 2xx3	Schedule of break up of sales and service income into domestic and export sales for the year ending March 31, 2xx3
16	Revenue	Agreement made during the year with major customers.	Agreement made during the year with major customers.
16	Revenue	Revenue process along with the revenue control chart	Revenue process along with the revenue control chart
16	Revenue	Supporting documents of the samples (list to be shared during audit)	Supporting documents of the samples (list to be shared during audit)
16	Revenue	Details of all the sales returns made during the year ended March 31, 2xx3, if any.	Details of all the sales returns made during the year ended March 31, 2xx3, if any.
16	Revenue	Compliances regarding Foreign exchange management Act in case of export sales/service.	Compliances regarding Foreign exchange management Act in case of export sales/service.
16	Revenue	Reconciliation of sales made during the year with the statutory returns and books of account.	Reconciliation of sales made during the year with the statutory returns and books of account.
16	Revenue	Agreement for commission income if any	Agreement for commission income if any
16	Revenue	Promotional scheme given (Details, Calculation, approvals)	Promotional scheme given (Details, Calculation, approvals)
16	Revenue	Schedule of other operating income earned.	Schedule of other operating income earned.
17	Other Income	Schedule of Interest Income earned on fixed deposits for the year showing calculation for the year ending March 31, 20xx and reconciliation with form 26AS	Schedule of Interest Income earned on fixed deposits for the year showing calculation for the year ending March 31, 20xx and reconciliation with form 26AS
17	Other Income	Consolidated details of commission income earned by company for rendering support service to customers or head office (as the case may be) along with the contracts/agreement entered by company in this behalf.	Consolidated details of commission income earned by company for rendering support service to customers or head office (as the case may be) along with the contracts/agreement entered by company in this behalf.
17	Other Income	Detail of interest received from authorities on refund made by them.	Detail of interest received from authorities on refund made by them.
17	Other Income	Detail of back margin/cash discount received by the company along with the supporting for the same.	Detail of back margin/cash discount received by the company along with the supporting for the same.
17	Other Income	Detail of other income, service fee for the year ending March 31, 20xx	Detail of other income, service fee for the year ending March 31, 20xx
17	Other Income	Detailed calculation of Foreign Exchange income earned during the year. (Unrealised + Realised)	Detailed calculation of Foreign Exchange income earned during the year. (Unrealised + Realised)
17	Other Income	Details of Scrap sales for the period	Details of Scrap sales for the period
18	Purchase & Manufacturing Expenses	Provide breakup for Manufacturing Expenses	Provide breakup for Manufacturing Expenses
18	Purchase & Manufacturing Expenses	Invoice wise list of Purchases of Raw material and consumables for the year ended March 31, 20xx along with copy of invoices and Goods Received Note (GRN)	Invoice wise list of Purchases of Raw material and consumables for the year ended March 31, 20xx along with copy of invoices and Goods Received Note (GRN)
18	Purchase & Manufacturing Expenses	Purchases register in excel for the FY xx-xx showing item wise and voucher wise purchases	Purchases register in excel for the FY xx-xx showing item wise and voucher wise purchases
18	Purchase & Manufacturing Expenses	Provide the list of Purchase orders which are pending from more than 1 month as on March 31, 20xx	Provide the list of Purchase orders which are pending from more than 1 month as on March 31, 20xx
18	Purchase & Manufacturing Expenses	Bifurcation of purchases for raw material and for trade	Bifurcation of purchases for raw material and for trade
18	Purchase & Manufacturing Expenses	Details of freight and other direct expenses charged on the products	Details of freight and other direct expenses charged on the products
18	Purchase & Manufacturing Expenses	Details of Consumables and scrap sales for the period	Details of Consumables and scrap sales for the period
18	Purchase & Manufacturing Expenses	Matching of purchase as per financials with stock records maintained	Matching of purchase as per financials with stock records maintained
18	Purchase & Manufacturing Expenses	Copy of agreement with new vendors.	Copy of agreement with new vendors.
18	Purchase & Manufacturing Expenses	Supporting documents of the samples (list to be shared during audit)	Supporting documents of the samples (list to be shared during audit)
18	Purchase & Manufacturing Expenses	GST summary on month on month basis	GST summary on month on month basis
19	Employee benefit expenses	List of all employees for the period ended March 31, 20xx (Name, designation, date of joining, date of leaving) along with appointment letters for the new employees and full & final settlement for employees who left during the period.	List of all employees for the period ended March 31, 20xx (Name, designation, date of joining, date of leaving) along with appointment letters for the new employees and full & final settlement for employees who left during the period.
19	Employee benefit expenses	HR Manual and details of all types of leaves provided to employees along with its encashment and carry forward policy	HR Manual and details of all types of leaves provided to employees along with its encashment and carry forward policy
19	Employee benefit expenses	Salary sheet in excel for each month for the period	Salary sheet in excel for each month for the period
19	Employee benefit expenses	Working of incentive (ex-gratia, performance / target incentive) for the period ended March 31, 20xx along with management approvals.	Working of incentive (ex-gratia, performance / target incentive) for the period ended March 31, 20xx along with management approvals.
19	Employee benefit expenses	Schedule of directors’ remuneration for the year (Expat Computation)	Schedule of directors’ remuneration for the year (Expat Computation)
19	Employee benefit expenses	Schedule of staff welfare expenses incurred by the company.	Schedule of staff welfare expenses incurred by the company.
19	Employee benefit expenses	Actuarial valuation (provision) in respect of gratuity, leave encashment as at March 31, 20xx	Actuarial valuation (provision) in respect of gratuity, leave encashment as at March 31, 20xx
19	Employee benefit expenses	- Employee wise base data as sent to actuary	- Employee wise base data as sent to actuary
19	Employee benefit expenses	- Actuarial valuation report and working of entries passed in books	- Actuarial valuation report and working of entries passed in books
19	Employee benefit expenses	Details of LWF, PF and ESIC deducted and calculated, along with working thereof and copy of challans and return.	Details of LWF, PF and ESIC deducted and calculated, along with working thereof and copy of challans and return.
20	Finance cost	Interest calculation for various borrowings made by the company along with reconciliation with books of accounts.	Interest calculation for various borrowings made by the company along with reconciliation with books of accounts.
20	Finance cost	Loan Agreement with the Holding Co/Bank as the case may be	Loan Agreement with the Holding Co/Bank as the case may be
20	Finance cost	Certificate of interest accrued but not payable as on March 31, 20xx from Bank/borrower.	Certificate of interest accrued but not payable as on March 31, 20xx from Bank/borrower.
21	Extraordinary and Exceptional items	Details of extraordinary and exceptional items, if any.	Details of extraordinary and exceptional items, if any.
21	Extraordinary and Exceptional items	Impact of Covid-19 on the financials if any and their treatment in books	Impact of Covid-19 on the financials if any and their treatment in books
22	Other expenses	Details of foreign exchange fluctuation for the year and closing restatement of foreign receivable / payable balance as at March 31, 20xx.	Details of foreign exchange fluctuation for the year and closing restatement of foreign receivable / payable balance as at March 31, 20xx.
22	Other expenses	Schedule of month wise rent paid on various premises during the year. Copy of lease agreement for all new lease arrangement entered during the year.	Schedule of month wise rent paid on various premises during the year. Copy of lease agreement for all new lease arrangement entered during the year.
22	Other expenses	Schedule of Legal and professional expenses giving party wise / nature wise break up.	Schedule of Legal and professional expenses giving party wise / nature wise break up.
22	Other expenses	Details of Travelling expenses incurred during the year along with the name of the employee who has incurred these expenses.	Details of Travelling expenses incurred during the year along with the name of the employee who has incurred these expenses.
22	Other expenses	Details of Foreign currency travel expenses incurred	Details of Foreign currency travel expenses incurred
22	Other expenses	Detail of Payments made to contractual labourers.	Detail of Payments made to contractual labourers.
22	Other expenses	Detail of Corporate Social Responsibility (CSR) expense made by company if applicable as per Companies Act 2013.	Detail of Corporate Social Responsibility (CSR) expense made by company if applicable as per Companies Act 2013.
22	Other expenses	Working of warranty expenses booked.	Working of warranty expenses booked.
22	Other expenses	Details of Brokerage paid during the year	Details of Brokerage paid during the year
22	Other expenses	Details of initial and running royalty booked and paid during the period along with copy of agreements for the same. (if any)	Details of initial and running royalty booked and paid during the period along with copy of agreements for the same. (if any)
22	Other expenses	Schedule of debtors / advances/ other balance written off or provided as doubtful debts.	Schedule of debtors / advances/ other balance written off or provided as doubtful debts.
22	Other expenses	Details of freight and logistics expenses paid during the period	Details of freight and logistics expenses paid during the period
22	Other expenses	Schedule for repair and maintenance expenses incurred during the period	Schedule for repair and maintenance expenses incurred during the period
22	Other expenses	Details on expenditure incurred by way of penalty.	Details on expenditure incurred by way of penalty.
22	Other expenses	Details of Registrar of Companies (ROC) Fees paid during the year	Details of Registrar of Companies (ROC) Fees paid during the year
22	Other expenses	Schedule of Annual maintenance expense along with party name and nature of exp.	Schedule of Annual maintenance expense along with party name and nature of exp.
22	Other expenses	Schedule of Insurance expense.	Schedule of Insurance expense.
22	Other expenses	Copy of invoices with respect to rates & taxes incurred during the year.	Copy of invoices with respect to rates & taxes incurred during the year.
22	Other expenses	Supporting documents of the samples (list to be shared during audit)	Supporting documents of the samples (list to be shared during audit)
23	Secret-arial Records	Meetings of Directors and Minutes	Minutes book of meetings of Directors
23	Secret-arial Records	Meetings of Directors and Minutes	Minutes books of proceeding of general meetings
23	Secret-arial Records	Meetings of Directors and Minutes	Notices sent to members for general meeting.
23	Secret-arial Records	Forms, Returns and Documents	Annual Return filed with ROC
23	Secret-arial Records	Forms, Returns and Documents	Return of allotment of shares, if any
23	Secret-arial Records	Forms, Returns and Documents	Notice of redemption of preference shares, consolidation, division, increase in share capital, cancellation of shares and increase in number of members
23	Secret-arial Records	Forms, Returns and Documents	Directors declaration for interests from all directors of the year.
23	Secret-arial Records	Forms, Returns and Documents	Directors declaration u/s 164(2) in prescribed format.
23	Secret-arial Records	Forms, Returns and Documents	Return of appointment of managing director / whole time/director /manager along with challans
23	Secret-arial Records	Statutory Registers	Register of Directors' shareholding
23	Secret-arial Records	Statutory Registers	Register of deposits.
23	Secret-arial Records	Statutory Registers	Register of members
23	Secret-arial Records	Statutory Registers	Register and index of debenture holders
23	Secret-arial Records	Statutory Registers	Register of particulars of contracts in which directors are interested under Section 189 of Companies Act 2013
23	Secret-arial Records	Statutory Registers	Register of investments
24	Informat-ion pursuant to Notes to Accounts and Addition-al informat-ion	Expenditure in foreign currency and CIF value of imports	Expenditure in foreign currency and CIF value of imports
24	Informat-ion pursuant to Notes to Accounts and Addition-al informat-ion	Earnings in foreign currency	Earnings in foreign currency
24	Informat-ion pursuant to Notes to Accounts and Addition-al informat-ion	Calculation of Earnings per Share	Calculation of Earnings per Share
24	Informat-ion pursuant to Notes to Accounts and Addition-al informat-ion	Capital commitments & other commitments	Capital commitments & other commitments
24	Informat-ion pursuant to Notes to Accounts and Addition-al informat-ion	Information on litigations and claims as at March 31, 2xx3 along with certificate from advocate for pending legal cases and expected cash outflow in each case.	Information on litigations and claims as at March 31, 2xx3 along with certificate from advocate for pending legal cases and expected cash outflow in each case.
24	Informat-ion pursuant to Notes to Accounts and Addition-al informat-ion	Information on fraud reported on or by the Company along with its current status, if any	Information on fraud reported on or by the Company along with its current status, if any
24	Informat-ion pursuant to Notes to Accounts and Addition-al informat-ion	List of Related parties & details of transactions with them along with reconciliation with party ledgers in books of account	List of Related parties & details of transactions with them along with reconciliation with party ledgers in books of account
24	Informat-ion pursuant to Notes to Accounts and Addition-al informat-ion	Details of balance outstanding with related parties.	Details of balance outstanding with related parties.
24	Informat-ion pursuant to Notes to Accounts and Addition-al informat-ion	Unhedged foreign currency	Unhedged foreign currency
24	Informat-ion pursuant to Notes to Accounts and Addition-al informat-ion	Schedule of consumption of raw materials, components and spares	Schedule of consumption of raw materials, components and spares
24	Informat-ion pursuant to Notes to Accounts and Addition-al informat-ion	Details of litigations/disputes/claims with respect to employees/ex-employees, customers, vendors etc and current status of the same.	Details of litigations/disputes/claims with respect to employees/ex-employees, customers, vendors etc and current status of the same.
24	Informat-ion pursuant to Notes to Accounts and Addition-al informat-ion	Details of outstanding bank guarantees, bill discounted, letters of credit and acceptances, if any	Details of outstanding bank guarantees, bill discounted, letters of credit and acceptances, if any
24	Informat-ion pursuant to Notes to Accounts and Addition-al informat-ion	Summary sheet showing calculation of realized and un-realized Foreign Exchange Fluctuation.	Summary sheet showing calculation of realized and un-realized Foreign Exchange Fluctuation.
24	Informat-ion pursuant to Notes to Accounts and Addition-al informat-ion	Details of managerial remuneration paid to managerial personnel during the period.	Details of managerial remuneration paid to managerial personnel during the period.
24	Informat-ion pursuant to Notes to Accounts and Addition-al informat-ion	Details of charges or lien created against any PPE through guarantees, loan arrangements	Details of charges or lien created against any PPE through guarantees, loan arrangements

The above list does not represent an exhaustive list and additional information may be requested during the course of audit.

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What’s inside

An excerpt from the template.

It is important to convey to client, what information is required in order to start the audit

The above list does not represent an exhaustive list and additional information may be requested during the course of audit.

↑ Excerpt only — the full template is what you download as Word

About this template

What you’re downloading, and when to use it.

This template follows the format published by the Institute of Chartered Accountants of India (ICAI) in the AASB Audit Working Paper Templates (June 2023), the authoritative reference for Indian statutory-audit documentation. Fill in your firm’s letterhead and the engagement details on the form above, click Download Word file, and you’ll get a fully formatted .docx ready to use.

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Common questions

FAQs.

What documents should I request at the start of a statutory audit?

At minimum: signed prior-year financial statements + audit report, current-year trial balance, general ledger, fixed asset register, statutory registers, board and committee minutes, bank confirmations, GST/TDS returns, ITR-V, prior-year management letter, and all prior-year working papers if you are the continuing auditor.

When should this checklist go to the client?

Immediately after the engagement letter is signed and at least 2-3 weeks before fieldwork starts. This gives the client time to collate the documents and your team time to plan around any gaps.

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