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Audit Articles


Removal of Auditors under the Companies Act, 2013: A Comprehensive Legal Analysis with Case Law

  CS Akshi Jain    26 August 2024 at 14:29

This article provides an exhaustive legal analysis of the process and conditions for the removal of auditors under the Companies Act, 2013, supported by relevant case law that elucidates the application and interpretation of these provisions.



The Importance of Annual Customer Balance Confirmations

  Sachinpro badge    23 August 2024 at 08:44

In the realm of business and finance, maintaining accurate records and ensuring transparency with customers is crucial. One practice that plays a significant role in this is the annual customer balance confirmation.



Basic and Universal Concepts in Auditing

  Chhaviraj Joshipro badge    22 August 2024 at 14:10

In this article, I will share some of the fundamental building blocks related to Auditing. These are universal concepts and apply to all organizations irrespective of legal form or size.



The Critical Role Of Data Security In Ensuring Audit Trail Compliance: A Legal And Operational Perspective

  CA Amrita Chattopadhyaypro badge    17 August 2024 at 06:33

This article explores the significance of preserving audit trails for eight years and how this requirement is deeply connected to the security of the data centers where these records are stored



Understanding Professional Skepticism: A Cornerstone of Effective Auditing

  CA Prateek Agarwal    29 July 2024 at 08:35

This article explores the definition, importance, and practical applications of professional skepticism in the auditing process.



Secretarial Audit Compliance under Companies Act, 2013

  Affluence Advisory    27 July 2024 at 08:42

Secretarial Audit is a compliance audit and it is a part of total compliance management in an organization. The Secretarial Audit is an effective tool for corporate compliance management. It helps to detect non-compliance and to take corrective measures.



Cost Audit and Cost Records Applicability 2024-25 & Non Compliance attracting Show Cause Notices

  CMA Navneet Kr Jain    26 June 2024 at 08:29

Simple way of checking the applicability of Section 148 with regard to applicability of maintenance of Cost records or cost audit for 2024-25 is to review the financials of 2023-24 &Check the Total turnover of the Company



Valuation of Intangible Assets as per IFRS

  Sai Nithyashri    21 June 2024 at 08:34

Valuation of intangible assets under IFRS (International Financial Reporting Standards) involves assessing their fair value, which is the amount for which an asset could be exchanged between knowledgeable, willing parties in an arm's length transaction.



NFRA Charges Audit Firm for Non-Disclosure of Interest Costs in Vikas WSP Audit

  Aarti Maurya    14 June 2024 at 08:44

In the matter of M/s S. Prakash Aggarwal & Co., ICAI Firm Registration No. 06105C, under Section 132(4) of the Companies Act 2013 read with Rule 11(6) of National Financial Reporting Authority 2018 - Order No. - 009/2024



Corporate Structure and Identification of Red Flags

  Shailesh Prajapati    22 May 2024 at 08:45

Understanding various flags and fixing the flags