Statutory Audit Checklist Layout Template
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Statutory Audit Checklist Layout

Prepared by:

[YOUR NAME]

Date:

January 5, 2055

Company Name:

[YOUR COMPANY NAME]

1. Preliminary Activities

  • Engagement Acceptance

  • Understand Client's Business Environment

  • Develop Audit Plan

2. Internal Controls Evaluation

  • Review Control Environment

  • Test Control Activities

  • Evaluate Risk Assessment Procedures

3. Compliance with Laws and Regulations

  • Validate Compliance with Tax Regulations

  • Ascertain Compliance with Industry Standards

  • Verify Legal Proceedings Documentation

4. Financial Statements Verification

  • Audit Balance Sheet

  • Assess Profit and Loss Account

  • Review Cash Flow Statements

5. Audit Evidence Collection

  • Collect Sufficient Evidence for Assertions

  • Ensure the Reliability of Audit Evidence

  • Document Evidence Properly

6. Audit Reporting

  • Prepare Draft Audit Report

  • Discuss Findings with Management

  • Issue Final Audit Report

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