Page 11 - IA Manual

Papilio compliance Before sending service closure request

a. Consistent tagging is followed throughout the audit

b. Files are uploaded in an orderly manner
c. All tasks are closed by respective team members

d. Files are linked to respective tasks AM

e. Updation of relevant comment to the task lists on need basis
f. Time sheet of respective team sheet

g. OPE workings for respective assignments

16. Collections

a. Follow - up for collection from finance team of the client
b. Obtain ledger extract of the client as per GJ books and reconcile the same with client's books
on quarterly basis AM

c. Once ETDS returns are filed by client for respective quarter, check with accounts team if TDS
credit is reflecting in Form 26AS of Guru & Jana. If not, escalate to client to do the needful.

17. Follow up Action on Audit Observations

a. Annual follow - up of audit observation in terms of implementation of corrective actions

b. In case management is not taking necessary steps, escalate the same to TCWG/ Investors as
the case may be to ensure that corrective measures are implemented
AM
c. Document the minutes of BOD meetings with regard to areas to be covered in following audit
cycle, focus points, audit approach, scope of audit, expectation of stakeholder for following
audit cycle and frame audit program for following quarter accordingly
d. Upload it to client master database into Papilio with the help of IT Team

18. Quarterly Review of Services

a. Audit Managers shall review "Overall status of Internal Audits" sheet on quarterly basis and
escalate the pending things to Engagement Partner.

AM
b. Action points to be discussed and necessary steps to be taken to close pending aspects