Single format · FV03-C25

Summary of audit differences (SAD)

Every misstatement above the clearly trivial threshold goes on one schedule, corrected or not; at the end you evaluate what is left both on the profit and loss and on the balance sheet, individually and in aggregate, and then ask whether anything qualitative makes a small number a material one, because that last question decides more opinions than the arithmetic does.

Length
4 pages
Blanks to fill
23
Files
Word and PDF
Law stated to
13 September 2026

What it covers

  1. 1Summary of audit differences (SAD)SA 45023 blanks

Read the opening

The first part of the format, as it downloads. Blanks are highlighted.

[Name of the firm] · Chartered Accountants

SUMMARY OF AUDIT DIFFERENCES
Worked example — Sunrays Auto Components Private Limited, year ended 31 March 2026

WP ref: 1.4 · Prepared by: [Name, date] · Reviewed by: [Manager, date] · Concluded by: [Partner, date]

Benchmark

Rs lakh

Revenue from operations (reported)

8,460.00

Profit before tax (reported)

462.00

Net worth (reported)

2,180.00

Overall materiality (1% of revenue — benchmark rationale at WP 2.3)

85.00

Performance materiality (75%)

64.00

Clearly trivial threshold (5% of overall materiality)

4.25

18 more paragraphs and tables follow in the full format.

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