Audit

Auditors Responsibilities while doing Tax Audit: The tax auditor should obtain from the assessee, the statement of particulars in Form No. 3CD duly authenticated by him. It would be advisable for the assessee to take into…

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…

How to carry out Audit of Assets & Liabilities? - When we sit to study audit, our basic concepts relating to how to carry out the various audits should be very clear. The most important aspects while auditing the financial statements…

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…

Cost and Management Accountant play pivotal role in Stock Audit of various industries, but the role in banking sector is more crucial. Empanelment in banking sector is a altogether different experience. After Conducting Concurrent Audit…

Cost Audit: This article is important because this is the audit for which we cost accountants are known. But, if we really ask ourselves that are we really have practical knowledge of cost audit? Out of 10 only 1 or 2 cost accountants are…

In the famous historic case of the Kingston Cotton Mill Co., Ltd., in 1896, the ruling given by the Lindley L.J under Section 10 of companies (winding-up) Act, 1890 in favour of the Auditors of the company Mr. Pickering and Mr. Peasegood.…

With a dynamic industry environment, it is now a mandate for the organisations to invest time, money and efforts in adapting to the future way of doing things, at present. A cloud system is part of the basic infrastructure now. When the…

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…

Internal Audit & Internal Financial Control, According to Companies Act 2013, Internal Financial Control (IFC) is a procedure to follow proper policies, such as prevention and recognition of fraud, obedience to company policies,…

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…

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…