Review how stock is aged and how slow-moving and obsolete items are provided for.
Scope / period: ___ | Prepared by: ___ | Reviewed by: ___ | Date: ___
Use this to review how the client ages stock and provides for slow-moving, obsolete and damaged items. The ageing bands and provision percentages must come from the client's written policy and your assessment of the facts; none are suggested here.
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.
Everything is generated in your browser and on a stateless API endpoint — no account, nothing stored on our servers. We’ll ask for a work email once before your first download so we can send you the file and the occasional relevant update; after that, downloads on this device are instant. Edit freely in Word, Google Docs or Pages before sending to your client.
