Audit Process.

1. TB Generation and Mapping

- Comparatives does not get linked. (Copy +Alt +V)
- Current year mapping should be as per the previous year mapping.
- All required accounting adjustments should be in adjustments column
- All required reclassifications should be in reclassification column and does not necessary require accounting
reclassification
- First TB should be mapped in FS, however if there is a change in TB, the changes must be adjusted in
Adjustment Column.
- If there is no TB, each and every entry & adjustments in TB should be adjusted with shareholder’s current
account.
- For Multiple currency use central bank exchange rates.
 2. TB Assessment
- In general everything gets tested & assessed, materiality factor is not considered.

3. Communication
- All communication from and to client should be saved in a separate word document, in a folder, with the date of
communication.

4. List of Audit Requirements

4. Documentation

- After preparation of audit files and sending it for review, it should be saved in a back up folder with specified
date.