Financial statements- Balance Sheet, Profit and Loss Account, Cash Flow
Statement and other related annexure,
Statements of purchase, sales, debtor, creditor over than 100 thousand rupee,
Tax assessment and tax adjustment forms,
Statements of tax deduction and deposit,
Amount deposited to retirement fund on behalf of their staff,
Date-wise assets purchased, disposed statements,
Calculation of category-wise depreciation base of assets, yearly depreciation
and repair and maintenance expenditure,
Statement of allowable and capitalized interest, research and development
expenditure ,
Tax deducted at source and deposited,
In case of stock, opening and closing stock with quantity and value indicating
valuation,
Calculation of cost of goods sold,
Insurance expenses and claim received during the year,
Statement of receivable, payable written off,
Contingent liability and change in capital structure,
Justification of income or expenditure included in income and expenditure
account but not in income return,
Non-taxable income and related expenditure,
Exchange gain loss statement,
Detail of import/export including payment through letter of credit,
In case of industry, details of finished product and byproduct and their cost,
raw materials, packing materials, import, local purchase, production, sales,
stock of raw materials and finished product, wastage, recovery rate, selling
price and valuation of closing stock,
In case of contractor, contract agreement, cost estimate, contract wise income
and expenditure, price variation, work addition deletion, payment certification
letter, Ø In case of commission based taxpayer, contract agreement and
term of payment, commission rate.
Company audit is mandatory for all companies registered under the
company act 2063. Company Audit is governed by the Companies Act. Company audit has the
objective of reporting the state of the company’s accounts & finance to the regulatory
authority. Audit and assurance services like company audits are performed by qualified
auditors who are working as an independent external party.