First-year engagement paper: predecessor communication, the nine opening-balance procedures (receivable collections, inventory roll-back, PPE continuity), exceptions and the opinion effect — editable in Word.
Entity: ___ · Year ended: ___ · Prepared by: __________ · Reviewed by: __________
Purpose: for an initial audit engagement (first year, or predecessor auditor changed), document evidence that opening balances do not contain misstatements materially affecting the current period, and that accounting policies are consistently applied (SA 510).
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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