Tests whether the entity's PROCESS for identifying, approving and disclosing related party transactions is designed and operating — a controls test, distinct from the transaction-level RPT register itself.
Entity: ___ · Period: ___
Scope: tests whether the entity's PROCESS for identifying, approving and disclosing related party transactions (Sec 188 Companies Act 2013, AS 18 / Ind AS 24, Sec 40A(2)(b) Income-tax Act) is designed and operating effectively. This is a controls test, not the transaction-level register — see our Related Party Transaction Register template for that.
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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