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 retrospectively

Chapter 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’ Report

Chapter 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