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 the appropriateness of the 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

Appendix 1 - Extracts of relevant sections and rules