Auditing

Corporate Frauds and Auditors Responsibility , The Companies Act, 2013, has introduced several new reporting requirements for statutory auditors. Section 143(12) requires statutory auditors to report to the government about frauds /…

Audit Program for Vouching and verification of Transaction: Program planning regarding the nature, extent, and timing of procedures is critical to audit efficiency and effectiveness. Planning an audit involves establishing the overall…

Format of Engagement Letter of Auditor, Find Engagement Letter of Auditor, Download Sample Format of Engagement Letter of Auditor. in this article you can find Specimen Letter of Engagement for an Audit and Specimen Letter of Engagement…

Audit Program for In depth Scrutiny of Ledgers. Check Compete Audit Program for Scrutiny of Various Ledgers like - Scrutiny of Debtors, Scrutiny of Creditors, Scrutiny of Fixed Assets and Depreciation, Scrutiny of…

Internal Control - Meaning, Objectives, Scope, Limitations. As per SA-315, the internal control may be defined as “The process designed, implemented and maintained by those charged with governance, management and other personnel to provide…

Concurrent Audit Mechanism in banks: The banking industry in India has a huge canvas of history. Banking industry plays a critical role in driving the economic growth. It is closely regulated and supervised to monitor the sector and bring…

Pre-Audit for payments is a new sort of audit many big MNCs are opting now days for their payments. Handling payments of vendors is not an easy task as they have to comply with policies of the company and Statutory compliances Like TDS,…

Things to check when you are on a Stock Audit. Find Complete Details for Inventory Audit Procedures, What to Look for When Auditing Inventory, In this article, you can find complete details regarding "Things to check when you are on a…

Statutory Bank Audit : Audit Planning and Sample Check list: Banking is a dynamic activity which has constantly been undergoing change. The recent past has witnessed banking industry becoming focus of attention towards its capital…

Punishment for fraud under Companies Act, Section 447 deals with the provision related to punishment for fraud. It says: ‘Without prejudice to any liability including repayment of any debt under this Act or any other law for the time being…

A Detailed Audit Program with Sample Draft for CA Articles Assistance and Professionals. An audit program consists of an appropriate audit procedure to achieve audit objectives. Program planning regarding the nature, extent, and timing of…

Standards on Auditing (SA) provide a Chartered Accountant most effective tool to evidence, justify & defend their auditing actions. In an era where Chartered Accountants are increasingly subjected to public scrutiny and are facing…