R Subramanian and Company LLP

Chartered Accountants

Standards on Auditing Checklist

Name of the entity:

Period ended:
Subject:

SA
200
210
220
230
240

250
260
265
299
300
315
320
330
402
450
500
501
505
510
520
530
550
560
570
580
600
610
620
700
705
706

710

720

800

805
amanian and Company LLP
red Accountants

rds on Auditing Checklist

Checklist on Standards on Auditing

Particulars
OVERALL OBJECTIVES OF THE INDEPENDENT AUDITOR AND THE CONDUCT OF
AUDIT IN ACCORDANCE WITH STANDARDS ON AUDITING
AGREEING THE TERMS OF AUDIT ENGAGEMENTS
QUALITY CONTROL FOR AN AUDIT OF FINANCIAL STATEMENTS
AUDIT DOCUMENTATION
THE AUDITOR'S RESPONSIBILITIES RELATING TO FRAUD IN AN AUDIT OF
FINANCIAL STATEMENTS
CONSIDERATION OF LAWS AND REGULATIONS IN AN AUDIT OF FINANCIAL
STATEMENTS
COMMUNICATION WITH THOSE CHARGED WITH GOVERNANCE
COMMUNICATING DEFICIENCIES IN INTERNAL CONTROL TO THOSE CHARGED
WITH GOVERNANCE AND MANAGEMENT
RESPONSIBILITY OF JOINT AUDITORS
PLANNING AN AUDIT OF FINANCIAL STATEMENTS
IDENTIFYING AND ASSESSING THE RISK OF MATERIAL MISSTATEMENT
MATERIALITY IN PLANNING AND PERFORMING AN AUDIT
THE AUDITOR'S RESPONSES TO ASSESSED RISKS
AUDIT CONSIDERATIONS RELATING TO AN ENTITY USING A SERVICE
ORGANISATION
EVALUATION OF MISSTATEMENTS IDENTIFIED DURING THE AUDIT
AUDIT EVIDENCE
AUDIT EVIDENCE—SPECIFIC CONSIDERATIONS FOR SELECTED ITEMS
EXTERNAL CONFIRMATIONS
INITIAL AUDIT ENGAGEMENTS-OPENING BALANCES
ANALYTICAL PROCEDURES
AUDIT SAMPLING
RELATED PARTIES
SUBSEQUENT EVENTS
GOING CONCERN
WRITTEN REPRESENTATIONS
USING THE WORK OF ANOTHER AUDITOR
USING THE WORK OF INTERNAL AUDITOR
USING THE WORK OF AN AUDITOR'S EXPERT
FORMING AN OPINION AND REPORTING ON FINANCIAL STATEMENTS
MODIFICATIONS TO THE OPINION IN THE INDEPENDENT AUDITOR'S REPORT
EMPHASIS OF MATTER PARAGRAPHS AND OTHER MATTER PARAGRAPHS IN THE
INDEPENDENT AUDITOR'S REPORT
COMPARATIVE INFORMATION- CORRESPONDING FIGURES AND COMPARATIVE
FINANCIAL STATEMENTS
THE AUDITOR'S RESPONSIBILITY IN RELATION TO OTHER INFORMATION IN
DOCUMENTS CONTAINING AUDITED FINANCIAL STATEMENTS
AUDITS OF FINANCIAL STATEMENTS PREPARED IN ACCORDANCE WITH SPECIAL
PURPOSE FRAMEWORKS
SPECIAL CONSIDERATIONS—AUDITS OF SINGLE FINANCIAL STATEMENTS AND
SPECIFIC ELEMENTS, ACCOUNTS OR ITEMS OF A FINANCIAL STATEMENT
Prepared by:
Reviewed by:
Date:

Compliance W/P Reference Additional Remarks (if any)

R Subramanian and Company LLP
Chartered Accountants

Standards on Auditing Checklist

Name of the entity:

Period ended:
Subject: Checklist on Standards on Auditing

SRE Particulars
2400 Whether the practitioner and client agree on the terms of engagement as per the engagement letter
2400 Whether the practitioner has planned the work so that effective engagement will be performed
Whether when using work performed by another practitioner or an expert, the practitioner was satisfied
2400 that such work is adequate for the purposes of the review.
The practitioner has applied judgment in determining the specific nature, timing and extent of review
2400 procedures.
The practitioner should apply the same materiality considerations as would be applied if an audit
2400 opinion on the financial statements were being given

Whether the procedures for review included the following:

1. Obtaining an understanding of the entity’s business and the industry in which it operates.
2. Inquiries concerning the entity’s accounting principles and practices
3. Analytical procedures designed to identify relationships and individual items that appear unusual.
4. Inquiries concerning actions taken at meetings of shareholders, the board of directors, committees of
the board of directors and other meetings that may affect the financial statements
5. Reading the financial statements to consider, on the basis of information coming to the practitioner’s
attention, whether the financial statements appear to conform with the basis of accounting indicated
2400 6. Inquiries to persons having responsibility for financial and accounting matters
Whether attention has been given to events subsequent to the date of the financial statements that may
2400 require adjustment of or disclosure in the financial statements

Whether the practitioner has reason to believe that the information subject to review may be materially
misstated, and whether the practitionerhad carried out additional or more extensive procedures as are
2400 necessary to be able to express negative assurance or to confirm that a modified report is required
2400 Whether the review report contains a clear written expression of negative assurance

Whether the report on a review of financial statements should contain the following basic elements,
ordinarily in the following layout:
(a) Title;
(b) Addressee;
(c) Opening or introductory paragraph including:
(d) Scope paragraph, describing the nature of a review, including:
(e) Statement of negative assurance;
(f) Date of the report;
(g) Place of Signature;
(h) Practitioner’s signature and membership number assigned by the Institute of Chartered Accountants
of India (ICAI);
(i) The Firm’s registration number of the member of the Institute, wherever applicable, as allotted by
ICAI; and
2400 (j) Other clauses as specified in SRE
 Whether the auditor should comply with the ethical requirements relevant to the audit of the annual
2410 financial statements of the entity
Whether the auditor has implemented quality control procedures that are applicable to the individual
2410 engagement
Whether the auditor has obtained evidence that the interim financial information agrees or reconciles
2410 with underlying accounting records?
Has auditor has inquired whether management has changed its assessment of the entity’s ability to
2410 continue as a going concern
2410 Whether management representation has been obtained?
2410 Whether the auditor has read the other information that accompanies the financial statements?
Prepared by:
Reviewed by:
Date:

Compliance W/P Reference Additional Remarks (if any)