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https://help.tallysolutions.com/docs/te9rel51/Auditor_Edition/India/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, you 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.