Audit Articles

The Rise of AI and Its Impact on SOX Controls

CA. Ramya U R 28 February 2026 at 09:00

Explore how Artificial Intelligence is transforming SOX compliance, financial controls and IT governance. Learn the emerging risks, audit challenges, real-world scenarios, and key considerations for auditors in an AI-enabled control environment.

Why Compliance Falls Apart in SMEs and How to Get Ahead of It

Aashok F C Advisory 21 February 2026 at 07:19

Why compliance breaks down in SMEs and how to fix it before penalties hit. Learn practical steps to build systems, assign ownership, improve documentation, and stay audit-ready.

Internal Control Failures: Real Examples and Lessons for Auditors

CA Tushar Makkar 01 January 2026 at 07:19

Explore real-world internal control failures like the Satyam scandal and global fraud cases. Learn practical audit lessons every CA and audit student must know...

Navigating from SQC-1 to SQM-1: What Indian Audit Firms Must Know Before 2026

CA Amrita Chattopadhyay 27 November 2025 at 09:49

SQM-1 marks a major shift in India’s audit landscape, moving firms from documentation-led compliance to risk-based quality management. Learn how the transition from SQC-1 to SQM-1 strengthens governance, RCA, continuous monitoring, and prepares Indian firms to compete globally.

Understanding the Different Types of Audits: Which One Is Right for Your Business?

CA Tushar Makkar 19 November 2025 at 09:20

Understand the different types of audits - financial, internal, tax, compliance, operational, IT and forensic and learn how to choose the right one for your business.

Audit Materiality Explained: Planning Materiality, Tolerable Error and Summary of Audit Difference

Arpitha Kanchi 11 October 2025 at 06:43

Learn how auditors use Planning Materiality, Tolerable Error, and Summary of Audit Difference to assess financial misstatements and ensure fair presentation.

Key Changes in MSME Reporting for Tax Audits

CA Umesh Sharma 05 August 2025 at 08:34

Understand the latest updates in Clause 22 of Form 3CD for FY 2024-25. Learn how MSME payments must be reported under the MSMED Act and Section 43B(h) with insights from a fictional Arjuna-Krishna dialogue.

Key Statutory Compliance Areas to Cover in a Statutory Audit

Abhishek Musaddi 25 July 2025 at 08:30

Explore a comprehensive statutory audit checklist for India covering key laws, rules, and sector-specific regulations including Companies Act, GST, Income Tax & more.

Red Flags in Forensic Audits: A Practical Insight

CA Shiwali Dagar 02 June 2025 at 08:48

Forensic audits go beyond routine financial reviews - they uncover fraud, misconduct, and financial irregularities. Recognizing "red flags" early is crucial for forensic auditors, corporates, and regulatory bodies alike.