# Related Party Transactions — Audit Working Paper

**Client:** _______________________  **FY:** __________  **Prepared by:** __________

## 1. Objective

Verify that all related party transactions (RPTs) are identified, approved per Sections 177 and 188, conducted at arm's length, and adequately disclosed in the financial statements.

## 2. Procedures

| # | Procedure | Done | Ref |
|---|-----------|------|-----|
| 1 | Obtain RPT policy and list of related parties | ☐ | |
| 2 | Compare related party list with register of directors/KMP and group structure | ☐ | |
| 3 | Review board/audit committee minutes for RPT approvals | ☐ | |
| 4 | Test sample transactions for arm's-length pricing | ☐ | |
| 5 | Reconcile RPT register with ledger and financial statement disclosures | ☐ | |
| 6 | Confirm no undisclosed RPTs from board minutes, loan agreements, contracts | ☐ | |

## 3. Findings

| Related party | Nature | Amount (₹) | Approved | Disclosed | Remark |
|---------------|--------|------------|----------|-----------|--------|
| | | | ☐ | ☐ | |

## 4. Conclusion

☐ RPTs identified, approved, and disclosed — no material exceptions  
☐ Exceptions noted (attach memo): _______________________

**Reviewed by:** __________  **Date:** __________

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