Exercise 1 - jb nagar cpe study circle of wirc of icai

Audit ChecklistExercise 1 - Identification of ChecklistType Staffing Level TimingGeneralAreasStandard/ Creati Updat Execu Review Interim Proactive FinalCustomize on e tion1 Auditing Standard Checklist2 CARO Checklist Standard + 1 2 3 1 Y Y3 Accounting Standard Checklist None 1 2 3 1 Y Y4 Company's Act Checklist5 Schedule VI5 Corporate Governance Checklist6 Firms Internal Protocol ChecklistSpecificAreas1 Share-Capital Customize2 Reserves and Surplus Customize3 Borrowings Customize4 Creditors Customize5 Outstanding Liabilities Customize6 Gratuity & Leave Provision Customize7 Taxation Customize8 Contingent Liabilities Customize9 Fixed Assets Customize10 Investments Customize11 Inventories Customize 1 2 4 2 Y Y12 Sundry Debtors Customize13 Current Assets Customize14 Profit and Loss Account Customize15 Profit and Loss Analytical Review Customize16 Specific Cycle – Purchase Customize17 Specific Cycle – Sale Customize18 Specific Cycle – Inventory Customize 1 2 4 2 Y YQuestion forParticipants1 Identify Checklist to be Responded as either Standard or Customize2 Identify Level of Staffing to be Deployed (1 Partner, 2, Manger, 3 Qualified, 4 Article) for Creation, Updateand Review3 Identify Timing for its Execution (Interim, Proactive, Final)14 Rakesh Agarwal