Audit Trail - A Practical Guide

About Audit Trail - A Practical Guide Chapter 1 Introduction Chapter 2 Difference in financial years for accounting (FY 2023-24) and auditing (FY 2022-23) – A conundrum Chapter 3 Audit trail for books of accounts or accounting software Chapter 4 Whether appropriateness of audit trail needs to be assessed retrospectivelyChapter 5 Accounting Software – one for books of accounts and another for financial statements Chapter 6 Consolidated financial statements Chapter 7 Using the accounting software which is supported by service providers Chapter 8 Internal controls and audit approach for assessing the appropriateness of audit trail Chapter 9 Retention of audit trail Chapter 10 Audit trail operated throughout the year for all transactions recorded in the software Chapter 11 Management’s Responsibility and Directors’ ReportChapter 12 Written Representations Chapter 13 Risk assessment in IT environment Chapter 14 Standards on Auditing (SA) Checklists Chapter 15 Companies (Auditor's Report) Order 2020 — Checklist Chapter 16 Prominent Case Studies on Audit Trail Appendix 1 Extracts of relevant sections and rules