Review an expected credit loss provision: method, data, loss rates and disclosures.
Scope / period: ___ | Prepared by: ___ | Reviewed by: ___ | Date: ___
Use this to review a provision for expected credit losses on trade receivables or other financial assets. The method and inputs come from the entity's policy and the accounting standard it follows; check the current text. This sheet records what you tested.
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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