Exercise 1 - jb nagar cpe study circle of wirc of icai

Audit ChecklistSolution Exercise 1 - Identification of ChecklistSr. No Type Staffing Level TimingGeneral AreasStandard/ Creatio Upda Execut ReviCustomize n te ion ewInterimProa Finalctive1 Auditing Standard Checklist None 1 2 3 1 Y2 CARO Checklist Standard + 1 2 3 1 Y Y3 Accounting Standard Checklist None 1 2 3 1 Y Y4 Company's Act Checklist Standard + 1 2 3 1 Y Y5 Schedule VI None 1 2 3 1 Y5 Corporate Governance Checklist Standard + 1 2 3 1 Y Y6 Firms Internal Protocal Checklist Standard 1 2 3 1 YSpecific Areas1 ShareCapital Customize 1 2 4 2 Y Y2 Reserves and Surplus Customize 1 2 4 2 Y Y3 Borrowings Customize 1 2 4 2 Y Y4 Creditors Customize 1 2 4 2 Y Y5 Oustanding Liabilities Customize 1 2 4 2 Y Y6 Gratuity & Leave Provision Customize 1 2 4 2 Y Y7 Taxation Customize 1 2 4 2 Y Y8 Contingent Liabilities Customize 1 2 4 2 Y Y9 Fixed Assets Customize 1 2 4 2 Y Y10 Investments Customize 1 2 4 2 Y Y11 Inventories Customize 1 2 4 2 Y Y12 Sundry Debtors Customize 1 2 4 2 Y Y13 Current Assets Customize 1 2 4 2 Y Y14 Profit and Loss Account Customize 1 2 4 2 Y Y15 Profit and Loss Anaytical Review Customize 1 2 4 2 Y Y16 Specific Cycle - Purchase Customize 1 2 4 2 Y Y17 Specific Cycle - Sale Customize 1 2 4 2 Y Y18 Specific Cycle - Inventory Customize 1 2 4 2 Y YQuestion for Participants1 Identify Checklist to be Responded as either Standard or Customize2 Identify Level of Staffing to be Deployed (1 Partner, 2, Manger, 3 Qualified, 4 Article) for Creation,Update and Review3 Identify Timing for its Execution (Interim, Proactive, Final)29 Rakesh Agarwal