internal audit engagement letter

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Invitation to contribute question bank for Information system audit


Announcement Invitation for contributions to Question Bank in respect of Information System Audit Assessment Test ISA AT New Syllabus Information Systems Audit is a post qualification course meant for the members of the Institute Members who are registered for the course are required to appear and p

Guidance Note on Audit of Banks 2017 released


Guidance Note on Audit of Banks 2017 edition issued by the Auditing and Assurance Standards Board The Auditing and Assurance Standards Board of the ICAI has today issued the Guidance Note on Audit of Banks 2017 edition For the benefit of the members complete text of the Guidance Note and the content

CBI Arrests three Central Excise Officials in a bribery case


The Central Bureau of Investigation has arrested two Superintendents and an Inspector all of Central Excise Audit Department Govt of India Murthal District Sonepat Haryana while demanding accepting bribe of Rs Three lakh from the complainant CBI registered the case on a complaint alleging that the s

Exemption for audit of accounts u/s 44AB increased to Rs 2 crore


The existing provision of section 44AB of the Act inter alia provides that every person carrying on the business is required to get his accounts audited if the total sales turnover or gross receipts in the previous year exceeds one crore rupees The threshold limit for applicability of presumptive ta

Presumptive income scheme for audit of entities raised from Rs. 1 crore to Rs. 2 crore


Finance Minister unveils string of measures towards Ease of Doing Business Presumptive income scheme for audit of entities raised from Rs 1 crore to Rs 2 crore Threshold for maintenance of books for individuals and HUF more than doubled Individual Insurance agents earning below taxable limit to be e

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Experts Opinions

Tax audit requirement


Hello Experts Mr A is engaged in the activity of selling the Mutual Funds of various companies for which he gets Commission Brokerage from the respective Company He is professionally qualified and registered with AMFI India to sell the MF and act as a Financial Advisor Similarly he is engaged in the

Tax audit requirement


Hello Experts Mr A is engaged in the activity of selling the Mutual Funds of various companies for which he gets Commission Brokerage from the respective Company He is professionally qualified and registered with AMFI India to sell the MF and act as a Financial Advisor Similarly he is engaged in the

sign and seal of auditor in independent audit report.


I am prensently working in a bank as credit manager and now while doing appraisal of a account I observed that the last three audit reports were not stamped by the auditors however it was initialled Further only the notes to accounts were stamped Please clarify me on the same

Audit turnover limit


Dear Respected Members Please tell is the limit of audit increase 2 crores in after budget or the this limit is only increased for those file under 44ad or for everyone

Audit risk


Can Audit Risk be quantified in monetary terms If yes then how Please explain Thanks

Discussion

Appointment of auditor

An individual CA be a member of an CA firm may be big4 who worked as statutory Auditor of particular company and the same person running another CA firm In Partnership and maintain books of accounts for the same company in the name of Partnership farm which audited by big4 CA firm Is any individual

Audit risk

Can Audit Risk be quantified in monetary terms

Authorization letter format

Hi Can someone share with me a sample authorization letter to a Chartered accountant to appear before IT Officer

Gst -authorization letter to partner/directors/karta

Below is the format of Authorzation toPartner Karta Designated Person Director to act on behalf of business in GST Declaration for Authorised Signatory I Details of All Partners 1 ABC 2 XYZ hereby solemnly affirm and declare that ABC to act as an authorized signatory for the business Firm Name for w

Society audit report

Society Audit report

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File Download

  • Bank Branch Audit

    Contains the informative notes Audit programme and checklist on Bank Branch Audit by Bombay Chartered Accountant s Society
  • GST Authorised Letter

    GST AUTHORIZATION LETTER FOR AUTHORISED SIGNATORY Required for GST registration
  • Audit Notes by AIR1

    CA Final Audits Notes and Tips by AIR1
  • Nalanda University Audit Re-Tender

    Internal Auditing
  • EYE - Expand Your Edges

    Have a look at Our Magazine EYE Expand Your Edges Highlights 1 Budget 2017 2 Legal Updates 3 Audit Diary 4 International Taxation 5 About CISA Course 6 Finance Budget Technical Analysis 7 Bank Audit 8 How to read Budget Its just to enrich Your knowledge in Various Aspects CA MEDHA KENDRA

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Articles

Auditing & professional Ethics preparation and presentation techniques


Auditing subject is most unpredictable subject in CA curriculum After writing exam we cant even fairly estimate the marks like Accounts Costing etc Auditing is the most difficult subject in terms of uncertainty of what to study and how to study because the syllabus is not clear cut Here I provided s


Ind As Audit Report- ICAI Implementation Guide - A Preview and Purview


Since there are substantial differences between the Accounting Standards used hitherto for the preparation of financial statements and the Ind AS the first time implementation of Ind AS has thrown up many challenges for the companies as well as their statutory auditors First time implementation of I


Critical issue of removal of auditor


BACKGROUND Many professionals have been raising question on interpretation procedure for removal auditor Situation The Companies Act 2013 permits removal of auditor before completion of his term The procedure for removal of auditors is given in sub section 1 of Section 140 of the Act If a Company is


Audit Certificate of Innocence of all concerned!!


Audit of accounts and records of any person is required under various business laws in India that are applicable on such person whether natural or artificial For example Annual Statutory Audit is required for companies cooperative societies Tax Audit is required for any person having business income


Internal Financial Controls


Meaning of Internal Financial Controls IFC As per Section 134 of the Companies Act 2013 the Act the term Internal Financial Controls means the policies and procedures adopted by the company for ensuring orderly and efficient conduct of business including adherence to companys policies safeguarding o


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Updated on : 3/24/2017 6:05:15 PM


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