Relative Size Factor (RSF) (Audit and Compliance)

 

The new report will compare the Highest Value transactions for each Ledger Vouchers to the Second Highest Value and displays the Relative Size Factor which can lead into further investigation to correct the above mistakes.

To view the Relative Size Factor report,

Go to Gateway of Tally > Audit & Compliance > Audit & Analysis > Relative Size Factor (RSF)

The Relative Size Factor report displays the Ledger wise RSF value as shown above. The Auditor can drill down from the above report to view the details of the Ledger Vouchers where the details of the Relative Size Factor computation can be viewed.

The configured Relative Size Factor report is displayed as shown:

The Relative Size Factor report displays the Ledger wise Highest, Average and RSF Value along with the count of vouchers as shown above. The Auditor can drill down from the above report to view the details of the Ledger Vouchers where the details of the Relative Size Factor computation can be viewed.

Note: Average Value will be calculated by considering the total of the ledger divided by the number of transactions of that ledger.

Button options in the Relative Size Factor report

F2: Period

Click on F2: Period or press F2 to view the Relative Size Factor report for any required period.

F4: Group

Click on F4: Group or press F4 to filter the view the Relative Size Factor report for the selected Group.

F8: Show Ledger

Click on F8: Show Ledger or press F8 to display the Ledger Vouchers report for the selected Ledger.

F9: Audit

Click on F9: Audit or press Alt+F9 to audit the selected Voucher(s). The process of Auditing is similar to Verification of Vouchers report.

Note: The F9: Audit button will be highlighted only when one or more Vouchers is/are selected for auditing using the Spacebar key.

Ctrl+F10: Remove Audit

Click on Ctrl+F10 Remove Audit or press Ctrl+F10 to change the Audit Status for the selected Vouchers as Unaudited (blank).

W: Working Note

Click on W: Working Note or press Alt+W keys to specify the working note details at Company or Group or Ledger or Voucher level. The details provided in working note will be captured in Audit Working Paper along with the details of User Name, Working Note Date & Time, Status, Note etc.

Ctrl+W: Audit Wkg Paper

F9: Inv Reports

Click on F9: Inv Reports or press F9 key to navigate to the default Inventory Reports like Godown Summary, Movement Analysis, Stock Summary etc.

F10: Acc Reports

Click on F10: Acc Reports or press F10 key to navigate to the default Accounting Reports like Balance Sheet, Cash Flow, Trial Balance etc.

F10: Audit Reports

Click on F10: Audit Reports or press Alt+F10 keys to navigate to the other Audit Reports within Statutory Audit and 44AB Audit (Tax Audit).

F12: Configure

Click on F12: Configure or press F12 to change the default display for the above report.

Note: In the above screen, all the Vouchers where total amount is greater than 1000 will be displayed in the report once the configuration is saved.

F12: Range

Click on F12: Range or press Alt+F12 to use the Range Filter option to search the specific Vouchers from the list of Ledger Vouchers displayed.

Ctrl+F12: Value

Click on Ctrl+F12 or press Ctrl+F12 to filter the Vouchers and calculate the balances as per the specified conditions