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The New Statutory Audit Feature in Tally.ERP 9 - Auditors’ Edition . Statutory Audit – Scope Covered. Data Analysis Auditing Financial Statements As Per Schedule VI. Data Analysis – Tools available. Verification of Chart of Accounts Verification of Balances Verification of Stock items

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Presentation Transcript
statutory audit scope covered
Statutory Audit – Scope Covered
  • Data Analysis
  • Auditing
  • Financial Statements As Per Schedule VI
data analysis tools available
Data Analysis – Tools available
  • Verification of Chart of Accounts
  • Verification of Balances
  • Verification of Stock items
  • Analytical Procedures
  • Pending Documents
  • Statutory Payments

Mark the Status as Verification Complete after Analysing the data

verification of chart of accounts
Verification of Chart of Accounts

Exception Types with Ledger Details

All the Ledgers are Listed Under the

Different Exception Types

verification of stock items
Verification of Stock Items

Verification of Stock Items Report

Similar to Chart of Accounts

verification of balances
Verification of Balances

Groups with Opening Balance differences are shown in red color

Displays the Transaction details, Groups with

Balance against the default Group behavior

shown in red

auditing vouching
Auditing/Vouching
  • Verification of Vouchers
  • Related Party Transactions
  • Forex Transactions
  • Outstanding of MSMEs
  • Salary/Wages Payments (including ‘Head Count’)

The Auditing procedure is similar to the Tax Audit and the Vouchers with respective Audit Status will be displayed in the respective columns

auditing verification of vouchers
Auditing – Verification of Vouchers
  • Audit only sampled transaction or all transactions

Option to Audit only Sampled or

all transactions has been provided

auditing related party transactions
Auditing – Related Party Transactions

Once the Related Parties are identified, all the

Related Party transactions will be available for Scrutiny

Auditor can identify the Related

Parties with the help of Client

auditing forex transactions
Auditing – Forex Transactions

All the transactions involving Forex will be listed for scrutiny. The auditor

can drill down to check the Rate of Exchange used by the Client for each

auditing outstanding bills from msme
Auditing – Outstanding Bills from MSME

The MSME’s can be identified by Auditor with the help of the Client

and all the Outstanding Bills from MSME’s will be available for Scrutiny

auditing salary wages payments
Auditing – Salary & Wages Payments

Salary/Wages report provides the details of the actual Head Count details

Along with the Salary details for each month and each Employee

financial reports provided
Financial Reports – Provided
  • Balance Sheet as per Schedule VI
  • Profit & Loss A/c as per Schedule VI
schedule vi balance sheet features
Schedule VI Balance Sheet – Features
  • Can be generated with just a single click
  • Tally Default Groups (Business Groups) are mapped to Schedule VI groupings by default too.
  • Can be further regrouped as required (User defined)
  • Flexible Schedule numbering
  • Generation of Schedules
  • Export to Excel for further formatting if required.
schedule vi balance sheet
Schedule VI Balance Sheet

The selected Group is moved along with the Balance without affecting the actual data

The Group/Subgroup/Ledger Balances can be Moved

From one Schedule VI titles to another as required or

within default Tally Groups.

Movement is possible using Ctrl+X Move button or

Ctrl+Enter Configuration screen

To undo all changes click on button or press F10

Select the Group which needs to be moved

Move the cursor to the required line

To undo last change click on the button or press Ctrl+U

Click on this button or

press Ctrl+X to CUT/Move

Click this button or press Ctrl+V to PASTE

schedule vi balance sheet19
Schedule VI Balance Sheet

Final Schedule VI Balance Sheet

With Schedules nos.

schedule vi profit loss a c features
Schedule VI Profit & Loss A/c – Features
  • Sales & Income Groups are mapped to INCOME by default
  • Expenses & Purchase Groups are mapped to EXPENDITURE
  • Option to rename INCOME & EXPENDITURE is provided to support all industries
  • Flexibility to regroup within INCOME & EXPENDITURE
  • Flexible Schedule numbering
  • Generation of Schedules
  • Export to Excel for further formatting if required.