|FREE for all users of Tally.ERP 9.*
The highlights of this release are listed below.
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Audit Working Papers
In a live audit scenario, Auditors have to manually record their comments. The Audit Working Paper (AWP) feature in Tally.ERP 9 Auditors' Edition eliminates this manual-entry.
Track Transactions on Holidays & Weekly Offs
Auditors can now check for transactions which are entered by the client on holidays (weekly offs- viz., Sunday & National/State/Bank Holidays).
Inter Bank Transfers
This feature provides visibility to fund transfers from one Bank to another, allowing the Auditor to investigate frequent instances.
The Unadjusted Advances feature gives an overall report of the status of ledgers having pending advance receivables.
Highest & Lowest Value Transactions
Transactions of any kind can either be consistent or near - consistent over a period of time; they should not fluctuate wildly. This feature allows Auditors to analyse the top High and/or Low 'X' (eg: 5 or 10) number of transactions.
Accounts squared off during the year
This feature in Tally.ERP 9 Auditors' Edition will help the Auditor track transactions which do not have an opening balance or a closing balance, i.e. balances which are squared off in the financial year.
Checklist of Accounting Standard (AS) Compliance
The Checklist of Accounting Standard (AS) Compliance feature in Tally.ERP 9 Auditors' Edition lists all the standards as per the Accounting Standards Board (ASB); Auditors can check if their clients comply.
Checklist of Audit & Assurance Standard (AAS) Compliance
Tally.ERP 9 Auditors' Edition provides a complete list of Audit & Assurance Standards (AAS). These benchmarks are used to measure the quality and the objectives achieved in audits.
Percentage report of sample size for substantive test
The Percentage Report dashboard in the Auditors' Edition provides a list of vouchers sampled along with the percentage of the sampling methods adopted for each of them.
Cash Withdrawals/Deposits to Bank
Cash Withdrawals and Deposits are scrutinised based on their respective dates recorded in the books. Tally.ERP 9 Auditorsí Edition helps Auditors track and review irregularities in such transactions.
When cheques have not been deposited into the Bank or not cleared within a specified time-frame, they are called Stale Cheques/Instruments. Tally.ERP 9 Auditorsí Edition introduces this feature which lists all such instruments for the purpose of scrutiny by the Auditor.
See the complete release notes here.
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