The assistant of CA Bhavik is assigned responsibility of drafting "audit programme" relating to purchases appearing in financial statements of Arya…
CA Intermediate · Auditing and Ethics · MTP · May 2025
The assistant of CA Bhavik is assigned responsibility of drafting "audit programme" relating to purchases appearing in financial statements of Arya Industries, a partnership firm for F.Y. 2023-24 The said firm is a GST registered taxpayer and is engaged in manufacturing of packing boxes from a special type of paper taxable under GST. Draft a sample audit programme for purchases.
Suggested Answer and Working Notes:
Sample audit programme pertaining to purchases Name of Concern : Arya Industries Financial Year : 2023-24 Prepared by : Name of person with date Reviewed by : Name of person with date Approved by : Name of person with date S.no. Nature of Procedure Extent of Check Basis of Sample Done by (i) Vouch few purchase invoices of paper from purchase records of concern. (ii) Trace these invoices into account books of concern. (iii) Verify few purchase invoices of paper on GST portal. (iv) Trace few purchase invoices of paper in stock records to ensure that these have been added to stocks of raw material.
Topics: Audit Strategy, Audit Planning and Audit Programme
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