Audit tools for India

 

The Audit and Compliance feature provided for India is divided into two:

AuditReady

Now you can not only maintain financial data on Tally.ERP 9, you can also make it ready for audit - AuditReady!

Tally.ERP 9 offers auditing tools which will help you ensure that your books of accounts are maintained as per statutory requirements:

AuditReady is a complete package which enables you to perform internal checks, and ensure a simplified audit cycle for your business.

Account-based capturing of Audit Details

Tally.ERP 9 Audit Tools are now available for Non-BAP customers (users who are not registered as BAP users of Tally.ERP 9) too, which means they can prepare their financial data before it is used for auditing.

With Audit Tools, users can perform internal scrutiny on their data, and audit the data with their own teams within the organisation, before the same is presented to auditors.

This way, the amount of checks to be done by the organisation's internal/external auditors is reduced, and the entire auditing process is simplified.

The audit details recorded by users while scrutinising their data will be captured and stored for their respective Account IDs. Likewise, audit details recorded by CAs who are registered as BAP Users will be captured and stored for their respective BAP Account IDs. Audit Details recorded by the customer and the BAP user will therefore, be stored separately.

Illustration 1: One customer (Non-BAP User) and one CA (BAP user)

Here, Mr. A will be able to view the Audit Note he has recorded, but not the Audit Note Mr. B, his Auditor has recorded. Similarly, Mr. B will not be able to view the Audit Note recorded by Mr. A.

Illustration 2: One customer (Non-BAP User) and two CAs (BAP users)

If, in the above scenario, two CAs, Mr. B and Mr. C,  having BAP Account IDs are involved in auditing Mr. A's data,

Here, Mr. A will be able to view the Audit Note he has recorded, but not the Audit Note Mr. B or Mr. C, his Auditors have recorded. Similarly, Mr. B and Mr. C will not be able to view the Audit Note recorded by Mr. A.

Illustration 3: One customer (Non-BAP User),  two BAP users, and one article (BAP user)

If, in the above scenario, two CAs, Mr. B and Mr. C,  having BAP Account IDs are involved in auditing Mr. A's data, and Mr. D, an article who is a part of the audit teams of both Mr. A and Mr. B,

The Account IDs of both Mr. B and Mr. C will be in the List of Accounts for selection: