https://help.tallysolutions.com/docs/te9rel64/Auditor_Edition/India/Statutory_Audit/features_of_statutory_audit.htm

Features of Statutory Audit (India)

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, you can:

Create and maintain an Audit Programme .

Prepare and maintain Audit Working Papers .

Mark the applicable and complied Accounting Standards and Audit and 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:

o Schedule VI Balance Sheet.

o Schedule VI Statement of Profit and Loss.

Track the post-audit changes, if any.