External Audit Checklist.xlsx

	A	B	C	D	E	F
1	Stage	Document / Item	Prepared / Obtained by	Reviewed by	Date	Status
2	Pre-Audit Stage	Engagement Letter (SA 210)
3	Pre-Audit Stage	Independence Declaration (Code of Ethics)
4	Pre-Audit Stage	Previous Year Audit Report & WPs
5	Pre-Audit Stage	Company Profile & Background Info
6	Pre-Audit Stage	Applicable Laws & Regulations List
7	Pre-Audit Stage	Internal Audit Reports
8	Pre-Audit Stage	Board & AGM Minutes
9	Pre-Audit Stage	Chart of Accounts & Accounting Policies
10	Pre-Audit Stage	Preliminary Trial Balance
11	Pre-Audit Stage	Risk Assessment Forms / Questionnaires (SA 315)
12	Pre-Audit Stage	Audit Strategy & Plan (SA 300)
13	Fieldwork Stage – Controls Testing	Internal Control Questionnaire (ICQ) / Evaluation
14	Fieldwork Stage – Controls Testing	Process Flowcharts / Narratives
15	Fieldwork Stage – Controls Testing	Control Testing Working Papers
16	Fieldwork Stage – Substantive Procedures	Cash & Bank – Bank Statements, Reconciliations, Cash Counts
17	Fieldwork Stage – Substantive Procedures	Receivables – Ledgers, Age Analysis, Confirmations
18	Fieldwork Stage – Substantive Procedures	Inventory – Stock Sheets, Valuation, Physical Count
19	Fieldwork Stage – Substantive Procedures	Fixed Assets – Register, Invoices, Depreciation
20	Fieldwork Stage – Substantive Procedures	Liabilities – Ledgers, Confirmations, Agreements
21	Fieldwork Stage – Substantive Procedures	Revenue & Expenses – Invoices, Vouchers
22	Fieldwork Stage – Substantive Procedures	Provisions & Contingencies – Legal Letters, Estimates
23	Fieldwork Stage – Substantive Procedures	Tax Matters – GST/TDS Returns, Computations
24	Fieldwork Stage – Substantive Procedures	Payroll – Master Data, Payslips, PF/ESI Returns
25	Fieldwork Stage – Analytical & Adjustments	Analytical Procedures (SA 520) – Ratio Analysis, Comparatives, Variances
26	Fieldwork Stage – Analytical & Adjustments	Audit Adjustments – Proposed JEs, Unadjusted Misstatements (SA 450)
27	Completion Stage	Subsequent Events Review (SA 560)
28	Completion Stage	Going Concern Assessment (SA 570)
29	Completion Stage	Related Party Transactions – List & Disclosures (SA 550)
30	Completion Stage	Final Trial Balance (Post Adjustments)
31	Completion Stage	Management Representation Letter (SA 580)
32	Completion Stage	Final Audit Working Papers File
33	Completion Stage	Audit Completion Checklist
34	Completion Stage	Draft Financial Statements (Reviewed)
35	Reporting Stage	Final Audit Report (SA 700 / SA 705 / SA 706)
36	Reporting Stage	CARO Report (if applicable)
37	Reporting Stage	Annexures / Certificates (e.g., Form 3CD)
38	Reporting Stage	Management Letter / Letter of Weakness
39	Reporting Stage	Documentation for File Closure & Archival (SA 230)
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