Audit Trail – A Practical Guide with case studies & Sample Reporting by Auditors

Description Discover the comprehensive guide “Audit Trail – A Practical Guide with case studies & Sample Reporting by Auditors ” featuring Preface, Introduction, and 272 pages of essential content including chapters on differences in financial years, audit trail assessment, accounting software, internal controls, risk assessment, and prominent case studies. Authored by leading experts, this discounted edition offers invaluable insights into managing and assessing audit trails effectively. ISBN: 978-81-9705-602-4, Edition: 2nd edn., 2024, Author: CA. Kamal Garg, Publisher: Bharat Publishers. Chapter Contents Pages Preface 5 1 Introduction 1 2 Difference in financial years for accounting (FY 2023-24) and auditing (FY 2022-23) – A conundrum 15 3 Audit trail for books of accounts or accounting software 21 4 Whether appropriateness of audit trail needs to be assessed retrospectively 25 5 Accounting Software – one for books of accounts and another for financial statements 29 6 Consolidated financial statements 32 7 Using the accounting software which is supported by service providers 35 8 Internal controls and audit approach for assessing the appropriateness of audit trail 40 9 Retention of audit trail 52 10 Audit trail operated throughout the year for all transactions recorded in the software 55 11 Management’s Responsibility and Directors’ Report 61 12 Written Representations 63 13 Risk assessment in IT environment 66 14 Standards on Auditing (SA) Checklists 69 15 Companies (Auditor’s Report) Order, 2020 — Checklist 171 16 Prominent Case Studies on Audit Trail 231 Appendix 1 Extracts of relevant sections and rules 247