India Audit Lens
Generate ageing, asset, MSME, and confirmation-readiness work
Ageing & Schedules creates versioned work from the engagement's imported receivable, payable and supplier populations. PPE & CWIP contains the separate capital-asset audit cycle for CWIP, tangible PPE and intangible…
By India Audit Lens product team · Updated 2026-08-23
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.
Generate receivable or payable ageing
Confirm that the engagement period and relevant parties, invoices and balances are imported. Open Examination → Ageing & Schedules. Select Trade Receivables or Trade Payables. Click the relevant Generate … Ageing action. Use Regenerate only when you intend to create or refresh work from a changed source population. Review the summary totals and bucket distribution. Inspect the party × bucket table. The standard ageing bands include 0–30, 31–60, 61–90 and 90+ days where applicable. Click a party or item to inspect its invoices/source detail. Investigate unusual credit/debit balances, old…
An ageing bucket is a computed classification, not a recoverability conclusion. Perform subsequent receipt/payment, dispute, provision/NRV and cut-off work as applicable.
Review CWIP, tangible PPE and intangible assets
Confirm that the asset register and related trial-balance accounts are imported and classified. Open Examination → PPE & CWIP. Open CWIP, Tangible PPE or Intangible Assets and generate the required schedule. For CWIP, review project allocation, ageing, planned completion, recorded project cost and capitalization indicators. Review PPE cost/addition/disposal and depreciation/amortisation movement through closing WDV. Check the Difference statistic and per-category Diff against the trial balance. Expand a category to inspect individual assets, then open an asset for its detailed evidence.…
Assess MSME section 43B(h) exposure
Open MSME 43B(h) → Supplier Ledgers. Identify suppliers supported as registered micro or small enterprises; turn on MSME, record the registration number and choose the category. Verify classification from current supporting evidence. Do not flag a supplier solely because its name suggests MSME status. Open 43B(h) Report and click Generate MSME Report. Review overdue items, the 45-day analysis and the displayed section 43B(h) disallowance exposure. Expand each creditor to inspect invoice dates, due dates and balances. Capture supported exposures to Findings or the tax-audit work, and export…
The platform calculation is a workpaper input. Consider the supplier's actual statutory category, agreement/credit terms, payment date, relevant tax year and the law applicable to the engagement.
Finalise a reviewed schedule
Use the version selector to confirm the intended DRAFT. Reconcile its source totals and resolve material differences. Confirm the review/sign-off responsibility under the firm's workflow. Click Finalize. Verify the green FINAL badge and finalisation message.
Only the final version is intended for report consumption. Generate/regenerate carefully: preserve the prior version and document why the source or calculation was refreshed.
Use the SA 505 confirmation-readiness sub-tab
Open External Confirmations (SA 505). Review the readiness conclusion and the parties placed into material-balance/contact-data buckets. Expand an item to read the population evidence, why it matters and suggested next steps. Correct missing contact/master data at its source and rerun/reopen the readiness view. Capture selected or all readiness exceptions to Findings. Move to the separate Collaboration → Confirmations workflow to create/track confirmations, where available and authorised.
The embedded Ageing tab does not itself draft, send, remind, receive or match a confirmation. It identifies readiness and evidence gaps. The analytics' default materiality/contact rules are screening aids, not a substitute for the auditor's SA 505 population/selection judgment.
Expected result
The correct draft/final schedule versions are retained; ageing and asset schedules tie or contain documented exceptions; MSME status and exposure are evidence-supported; and confirmation-readiness gaps are captured before any separate controlled confirmation process begins.