The Accounting Standards, Holiday Calendar and the Vouchers/Ledgers that are marked as Need Clarification by the Auditor will be available for the Client’s Clarification in the Report section under Audit and Compliance Information report.
Go to Gateway of Tally > Display > Statement of Accounts > Audit and Compliance Info > Statutory Audit Info .
The Statutory Audit Information screen displays the number of Vouchers under each Auditing - Verification of Vouchers, Related Parties, Forex Transactions, Outstanding Payments from MSME's and Salaries and Wages Payments for which the Clarification is asked by the Auditor. The Statutory Audit Information screen has two sections:
● The first section displays the following reports:
o External Confirmation (Third Party Confirmation)
Select External Confirmation (Third Party Confirmation) and press Enter . The screen appears ass shown below:
Ledgers that have been marked for External Confirmation will be displayed here, along with their respective Closing Balance and Remarks. Those Ledgers for which request has been sent will be marked Yes in the Request Sent column.
Click here to know how to use this option
Press F8 or click F8 : Show Ledger to view the Ledger Vouchers report of the selected Ledger.
To unmark a Ledger that has been marked as Request Sent , place the cursor on the Ledger and press Spacebar to select. Click on Ctrl+F10 : Restore Request or press Ctrl+F10 to unmark the Ledger.
Press F12 to change the default view of the report:
● Show Name of Group : Set this option to Yes to view the respective Accounting Groups of the Ledgers displayed.
● Show Requested Ledgers only : Set this option to Yes to view only those Ledgers that have been marked as Request Sent.
● Appearance of Names : Select the required Display Style for the Ledger Names.
● Sorting Method : Select the required Sorting Method to be applied for displaying the Ledgers.
o Holiday Calendar Configuration
This report allows users to configure the weekly off and define other declared holidays depending on their system of holidays. By default Sunday has been set as Weekly off.
● Weekly Off: In this field you can select any other week day as weekly off or if you work on all 7 days of the week you can set Not Applicable or if you more than one day as weekly off select the appropriate days as weekly off.
Note: Currently selection of week days as Weekly off is restricted to 2 Days.
● In the second section of Holidays Calendar Configuration screen, you can enter the dates of declared holidays.
o In Date field enter the date of declared holiday, based on the date entered Day will be displayed automatically.
o In Reason for Holiday field enter the details of declared holiday.
o Statement of Accounts for Reconciliation
Select Statement of Accounts for Reconciliation and press Enter .
The Statement of Accounts for Reconciliation report appears as shown below:
Click F2 : Period or press F2 to change the selected period.
Click F4 : Group to view Ledgers categorised under a particular Group.
Click this button to export Statements of Accounts as XML Files for Account Reconciliation .
Click F9 : Inv Reports or press F9 to navigate to the default Inventory Reports like Godown Summary, Movement Analysis, Stock Summary and so on.
Click F10 : Acc Reports or press F10 to navigate to the default Accounting Reports like Balance Sheet, Cash Flow, Trial Balance and so on.
Click F10 : Audit Reports or press Alt+F10 to navigate to the other Audit Reports within Statutory Audit.
Click F11 : Features for viewing and altering the Company Features.
Press F12 to change the default view of the report:
● Show Name of Group : Set this option to Yes to view the respective Accounting Groups of the Ledgers displayed.
● Sorting Method : Select the required Sorting Method to be applied for displaying the Ledgers.
Select Accounting Standards and press Enter to view the Accounting Standards report. The Accounting Standards and their applicability will be displayed in this report:
● The second section displays the Audit Types, and the number of Vouchers that have been marked for clarification under each of them. Vouchers marked by the auditor for clarification will be displayed under External Clarification, and Vouchers marked by another user within the organisation will be displayed under Internal Clarification.
The Client can press Enter and drill down to List of Need Clarification Vouchers screen. The Client can either correct the Vouchers or provide the necessary clarification.
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