LMP Chartered Accountant’s Documentation and Compliance for Audits and Reviews – 20th Edition 2025 is India’s most reliable and comprehensive reference manual designed to support practicing Chartered Accountants in managing audit documentation, compliance procedures, and professional standards effectively.

Updated in accordance with the latest auditing standards (SAs), Companies Act, 2013, and Institute of Chartered Accountants of India (ICAI) guidelines, this 20th edition addresses the core requirement of quality audit documentation and regulatory compliance. It serves as a hands-on toolkit for handling statutory audits, tax audits, internal audits, and review engagements, enabling CAs to create defensible working papers and structured audit files in line with best practices.

The book includes detailed audit programs, illustrative checklists, specimen letters, reports, engagement documents, and peer review-ready documentation formats. It also incorporates practical insights into SA 230 (Audit Documentation), SA 300 (Planning), SA 315, SA 500, SA 700 series, and other key standards, tailored for both large firms and solo practitioners.

Key Features:

• 🗂️ Comprehensive Audit Documentation Templates: Includes formats for engagement letters, client acceptance forms, audit programs, and working paper files for various audit types.

• 📋 ICAI Compliant Checklists: Covers tax audit, statutory audit, GST audit, and internal audit procedures with standardized checklists and illustrative examples.

• 🏢 Covers Corporate and Non-Corporate Entities: Applicable to audits of companies, LLPs, firms, societies, trusts, and other organizations.

• 📚 Peer Review-Ready: Designed to meet peer review and Quality Review Board (QRB) requirements with adequate documentation formats and file structures.

• ⚖️ Updated for 2025 Changes: Reflects the latest developments under the Companies Act, 2013, Income Tax Act, and changes to Schedule III, CARO 2020, and SA revisions.

• 🧾 Real-world Scenarios & Specimens: Contains sample audit reports, management letters, and notes for documentation in high-risk or fraud-susceptible areas.

• 🔍 Risk-Based Audit Planning Tools: Guidance on identifying and documenting significant risks, controls, and audit responses with sample documentation.

• 👨‍💼 Essential for Practicing CAs & Firms: Ideal for CA firms of all sizes to implement standardized documentation practices and manage regulatory risk.

Why This Book is Essential:

• ✅ Improves Audit Efficiency & Quality: Enables structured documentation and standardized audit practices to ensure consistency and defensibility.

• ✅ Regulatory & ICAI Aligned: Assists in complying with ICAI standards, peer reviews, and audit documentation mandates under SQC 1 and SA 230.

• ✅ Reduces Professional Risk: Ensures compliance with documentation requirements to safeguard auditors from disciplinary proceedings or litigation.

• ✅ Practical and User-Friendly: Offers ready-to-use templates and actionable guidance that saves time and enhances compliance.

• ✅ Must-Have Toolkit for Audit Professionals: Helps streamline audit processes, whether you are an independent practitioner or a mid-size firm.

LMP Chartered Accountant’s Documentation and Compliance for Audits and Reviews – 20th Edition 2025 continues to be the definitive guide for audit documentation in India, enabling Chartered Accountants to conduct professional, regulation-compliant, and well-documented audit engagements. Whether preparing for peer review or ensuring internal quality standards, this book is your ultimate professional companion.