India Audit Lens
Assess going concern, inventory, and income-statement risk
Use these examination screens to orient and perform targeted work over financial-statement, inventory and transaction data. Their ratios, models, thresholds and anomaly labels identify areas for professional…
By India Audit Lens product team · Updated 2026-09-04
Before you begin
Open the correct client and engagement and confirm the period under examination. Make sure the latest books, mappings, materiality, and relevant source evidence are available. Confirm who will prepare the work and who will review it. Do not conclude from a dashboard count alone; inspect the underlying records and evidence.
Perform the SA 570 going-concern assessment
Open the engagement and choose Going concern. The workspace keeps the active stage and view in the URL and presents the work in five stages. Screening is decision support; the audit conclusion is the auditor's and is recorded in the reviewed workpaper.
Delivery note: The five-stage navigation and baseline analysis/assessment are live at the verified revision above. D-069 implementation in this lane adds structured preliminary/beyond- period and communication controls, practical evidence references, strict revisions and a current-state controlled export. Verification and release evidence are pending: do not describe these additions as released until the release record is completed. An absent structured field never removes the audit responsibility. Recorded references/provenance are not a claim of immutable evidence storage; deeper…
1. Readiness & indicators
Confirm the engagement, financial-statement date and reporting period. Review Readiness for conclusion. Resolve unavailable or stale source information and note which indicators were evaluated or excluded. Open Indicator summary and inspect the source, period, calculation basis and limitations for every item requiring attention. Open Early warnings and investigate relevant financial, operating and other conditions. Treat supplementary distress models, ratios, thresholds and any screening index as attention aids only. They do not determine the SA 570 or CARO conclusion. Do not rely on…
Examine inventory
The inventory checks compute live from normalised stock data; there is no separate Run button.
Open Examination → Inventory → Stock Movement & Dormancy. Review No Stock Movement, Opening-Only, Purchased, Never Sold and Slow-Moving (180d). Inspect closing quantity and last movement, then capture items requiring existence/NRV work. Open Negative Stock (SA 501) and select an item to review negative episodes, maximum depth and dates. Consider cut-off, existence and source-data sequencing. Open Valuation Method (AS 2). Treat a LIFO label as possible non-compliance and an ambiguous label as requiring review; a universally blank method is a data gap. Open Manufacturing Yield and inspect…
The slow-moving period and manufacturing-yield tolerance are internal analytics thresholds, not automatic statutory conclusions.
Review revenue, expenses, collections, and SA 520 signals
Confirm sales invoices, purchase invoices and receipts are normalised and the engagement period is correct. Open Examination → Revenue & Expense → Revenue. Review gross revenue, credit notes, net revenue, average invoice, monthly trend and CN ratio. Inspect the Top 10 Customers and concentration indicators; click a party to view source invoices. Open the expense view and review composition/top vendors with the same source drill-down. Open Collections and review collection ratio, receivables ageing and top overdue customers. Open Analytical Procedures (SA 520) and inspect deterministic…
The screen aggregates normalised subledger records, so it may differ from the TB when data is missing/unmapped. Its period filter scopes records but does not itself test cut-off or revenue recognition. Document the substantive/controls work used to resolve each flagged risk.
Expected result
The going-concern file separates management information, auditor procedures and analytical screening; records the supported SA 570 conclusion and independent applicable CARO conclusion; and shows whether the reviewed workpaper is current. Inventory signals are resolved through evidence; income-statement/collection analytics are traced to source and reconciled to the wider audit; and supported exceptions are captured rather than left only on analytical dashboards.