Expected value vs. recorded value for each tested line item, with the variance and variance-to-expected ratio computed automatically — the SA 520 substantive analytical procedures working paper, up to 6 line items.
Entity: ___ · Period ended: ___
Describe the source of the expectation used below — prior-period figures adjusted for known changes, budgeted/forecast amounts, industry or peer benchmarks, or a relationship between financial and non-financial data (e.g. payroll expense vs. headcount). SA 520 requires the expectation to be developed independently and with enough precision to identify a misstatement that, individually or aggregated with others, may cause the financial statements to be materially misstated.
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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