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Audit Working Paper

The auditor should document matters which are important in providing evidence that the audit was carried out in accordance with the basic principles. Working Papers aid in the planning and performance; supervision and review; and provide evidence of the audit work performed to support the auditors opinion. Tally.ERP 9 provides a facility to generate Audit Working Papers with a click of a button. It extends a facility to dynamically generate report specific Audit Working Papers with the details such as audit activity, record data and time, auditor/article's user name, sampling applied, working Note etc. Security Level capability is also enhanced to give access to update, alter, delete Working Note, print /display of Audit Working Paper to article(s)/users. To view Audit Working Paper Go to Gateway of Tally > Audit & Compliance > Audit Documentation > Audit Working Paper

The Working Note Status displayed as Future Ref, the Working Note details will be displayed in Audit Working Paper of Current as well as Next Audit Period The Audit Working Paper is divided into three parts:

Company Note: This section displays Company Level notes entered by the aditor(s)/article(s) during audit along with the Name of the person who added the Working Note. Masters Note: This section displays Masters (Groups/Ledgers/Stock Group/Stock Item) Level notes entered by the aditor(s)/article(s) during audit along with Group Name, Scope, Status, Note and the Name of the person who added the Working Note. Voucher Note: This section displays Vouchers Level notes entered by the aditor(s)/article(s) during audit along with Voucher Date, Ledger Name, Voucher Number, Scope, Status, Note and the Name of the person who added the Working Note.

Button options in Audit Working Paper

F9: Inv Reports Click on F9: Inv Reports or press F9 key to navigate to the default Inventory Reports like Godown Summary, Movement Analysis, Stock Summary etc

F10: Acc Reports

Click on F10: Acc Reports or press F10 key to navigate to the default Accounting Reports like Balance Sheet, Cash Flow, Trail Balance etc.

F10: Audit Reports

Click on F10: Audit Reports or press Alt+F10 keys to navigate to the other Audit Reports within Statutory Audit. F12: Configure

Show Working Note of: Select the required Working Note Level (from Company, Masters, Vouchers and All) to filter and display Audit Working Paper for the selected Working Note Level. Show Note Type of: Select the required Note type, Audit/Verify Notes, Future Ref. Notes, Working Notes and All Items for Company/Masters/Vouchers/All to filter and display notes for the selected Note Type.

Show Including Configuration: Set this option to Yes to view the working paper with actions such as apply, alter, delete, restore default of configurations like MSME, Related Party, Sampling, Periodic Payments.

Note: All system copied activities like restore, delete, apply sampling etc. will be displayed in Italics.

Show Date and Time: Set this option to Yes to display the Date and Time of entry of audit/Working notes. Sorting Method: Select the appropriate sorting method form the Sorting Methods. Depending on the Working Note Level (Company/Voucher/Masters) selected the sorting methods displayed for selection will differ. This option will not be displayed in F12: Configuration if the Working Note Level selected for the option Show Working Note of is All. Show Transaction Value: Set this option to Yes to view the transaction value of the voucher . This option will be displayed in F12: Configure only for the Working Note Level - Vouchers

Company Note
The Audit Working Paper configured to view only the Company Note is displayed as shown

Audit Working Paper for Company Note will display the details of Notes, Date-Time, along with the Name of the auditor(S)/article(s) who entered the working/Audit note. Note: Date and Time of entry of Audit Note will be displayed only when the option Show Date and Time is set to Yes.

Masters Note
The Audit Working Paper configured to view only the Masters Note is displayed as shown

Audit Working Paper for Masters Note will display the information such as Name of Masters, Type of Masters (Group/Ledger/Stock Item/ Stock Group) scope, Date-Time, Status, Notes along with the Name of the auditor(S)/article(s) who entered the working/Audit note. The Working Note Status displayed as Future Ref, the Working Note details will be displayed in Audit Working Paper of Current as well as Next Audit Period. Note: Date and Time of entry of Audit Note will be displayed only when the option Show Date and Time is set to Yes.

Voucher Note
The Audit Working Paper configured to view only the Voucher Note is displayed as shown

Audit Working Paper for Voucher Note will display the information such as Name of Masters, Type of Masters (Group/Ledger/Stock Item/ Stock Group) scope, Date-Time, Status, Notes along with the Name of the auditor(S)/article(s) who entered the working/Audit note. Note: Date and Time of entry of Audit Note will be displayed only when the option Show Date and Time is set to Yes.

Button options in Configured (Company/Masters/Vouchers) Audit Working Paper

D: Delete Click on D: Delete or press Alt+D key to delete the audit note already entered at company/masters/ voucher level (using the spacebar). F9: Multi Alteration Click on Alt+F9: Multi Alteration or press Alt+F9 key to alter the note already entered at company/masters/ voucher level (using the spacebar). For Single Note Alteration, you can select the Note and press Ctrl + Enter to alter the Working Note already entered. Note: F9: Multi Alteration/Single Note Alteration will allow only to alter the Voucher Note. On alteration application won't update Date & Time/Name of the user altering the note/Status etc.

Report specific Audit Working Paper

Tally.ERP 9 provides the capability to define/add working note and generate report specific Audit Working Papers such as Ledger Vouchers, Verification of Chart of Accounts, Verification of Stock Items, MSME Transactions, Forex Transactions, Salary/Wages payments, etc.

Security Control
Audit Working Paper Access Type:

Create - Allows only to add Working Notes. Alter - Allows to add and alter Working Notes

Full Access - Allows to add, alter, delete the working Note and change F11: Features.

Note: Access Type - Create and Alter will not allow the article(s) to Disable/Enable Audit Working Paper in F11: Features.