Checklist of Audit & Assurance Standard (AAS) Compliance
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This feature in Tally.ERP 9 Auditors' Edition provides a complete list of Audit & Assurance Standards (AAS) which are benchmarks used to measure the quality of audits performed and the audit objectives achieved. In accordance to the standards issued by Institute of Chartered Accountants of India (ICAI), an Auditor who is a member of ICAI has to conduct the audit following these standards and disclose any material deviation from the same.
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The feature would help the Auditors to track their tasks closely and make a decision on whether to use a particular standard depending on the nature of the audit.
Benefits :
• Assists in increasing the quality of Audits
• A tracking tool for achievement of audit objectives
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