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https://help.tallysolutions.com/docs/te9rel49/Statutory_Audit/features_of_statutory_audit.htm

Features of Statutory Audit

Tally.ERP 9 provides a comprehensive tool to perform the Statutory Audit in a systematic process. The tool provides step-by-step approach to conduct an Audit on the given data in the fastest possible manner.

With Tally.ERP 9's Statutory Audit tools, the user can:

  • Create and maintain an Audit Programme

  • Prepare and maintain Audit Working Papers

  • Mark the applicable and complied Accounting Standards and  Audit & Assurance Standards for a company.

  • Extract the financial information required for Statutory Audit

  • View relevant data in the required form for analysis

  • Analyse data by comparing it with previous year's data

  • Audit Vouchers along with instant statistics

  • Track and audit the Related Party, MSME and Forex transactions

  • Apply various Sampling Methods

  • Audit and interact with the Client remotely

  • Generate the following Financial Statements as per the format specified in Companies Act:

  • Schedule VI Balance Sheet

  • Schedule VI Statement of Profit and Loss

  • Track the post-Audit changes if any