risk based audit

News

New and revised standards on auditing


Revised SA 700 Forming an Opinion and Reporting on Financial Statements New SA 701 Communicating Key Audit Matters in the Independent Auditors Report Revised SA 705 Modifications to the Opinion in the

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Preparation of Panel of CA and Firms having experience for Forensic Auditing


Central Bureau of Investigation CBI has sought the help of the Institute of Chartered Accountants of India for investigation of important Forensic Audit assignments Chartered Accountants firms having

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Simplification of procedure to deal with audit objections raised in indirect taxes by CAG


Central Board of Excise and Customs CBEC has issued a circular to simplify the procedure of dealing with audit objections raised in indirect taxes by the office of CAG The Circular rescinds all the pa

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Remedial action on revenue audit objections raised by CAG


Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Sub Modification of Instruction No 9 2006 dealing with remedial action on Revenue Audit Objections not accep

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No Hike in Passenger Fare


65 000 Additional Berths and 17 000 Bio Toilets to be Installed Operations Audit to Improve Punctuality of trains Proposed Wi Fi Facilities in 400 more Stations Stations to be Developed Under PPP Mode

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Experts Opinions

audit report


what is the meaning of cash loss under audit report

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Internal audit of listed public company


Mr Ram is a Statutory Auditor of Subsidiary Company pvt ltd co of a listed public limited co He wants to take up internal audit of listed public limited co Whether it is violation of Section 144 of Co

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Is partnership firm required audit u/s 44ab r.w.s. 44ad (5)


dear all partnership firm nature of business builder having turn over of 40 lakh for fy 15 16 actual net profit of rs 2 lakh No Interest and remuneration is paid to partner total income before brought

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Bank audit


Dear sir during stat audit of a co operative bank I came to know that loan limit against immovable property of one borrower has been extended Earlier franking was done on mortgage deed of Rs 40 lacs e

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Appointment of auditor


There is a private limited company having no operational activity since the year 1999 The company s last balance sheet and annual return was filed for the year ended march 1999 Since then the Company

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Discussion

Internal audit of listed public company

Mr Ram is a Statutory Auditor of Subsidiary Company pvt ltd co of a listed public limited co He wants to take up internal audit of listed public limited co Whether it is violation of Section 144 of Co

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Income tax query reg tax audit

Can anyone say me abt the tax audit limits for both business and profession for F Y 2015 16 i e A Y 2016 17

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Audit of educational society registered u/s 12aa of income tax act

If any educational society registered under sec 12AA of the income tax act 1961 and it s annual gross receipt is less than Rs 1 00 Crore whether society can file return under section 10 23C iiad witho

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Service tax detail scrutiny after special audit

Can Officer issue notice for detailed scrutiny for following details For FY2012 13 2013 14 Officer issued Special Audit notice for scrutiny purpose in FY 2014 15 Officer again issued notice for the sa

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Freight & forwading company audit

Hi frnds i want to do audit of freigt forwading company can u pls provide me a detail checklist or a brief idea as to how to proceed futher

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File Download

  • Risk based audit (RBA)

    Detailed approach on how to perform a RBA

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  • Statement on Impact of Audit Qualification under LODR

    Under Regu 33 and 52 of LODR Regulations format of Statement of Impact of Audit Qualification

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  • Disclosure of the Impact of Audit Qualifications by the List

    SEBI has put in place a mechanism to review the audit qualifications contained in the audit reports of the listed entities The detailed procedure for the same has been prescribed in Schedule VIII read with Regulation 33 and Regulation 52 of the SEBI Listing and Other Disclosure Requirements Regulations 2015 Listing Regulations and SEBI circular no CIR CFD CMD 15 2015 dated November 30 2015

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  • Finacle Commands for Bank Audit

    Important Finacle commands which will help you to perform bank audit effectively efficiently with maximization of available resources and time I hopy you will get maximum benefit from this file

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  • General Loan Terms file

    Dear Friends During the Audit we not used to check the terms and conditions of loan if accepted by company from related party In exceptional cases Herein i am attaching sheet under which a general terms and condition sheet attached through we can accept a declaration made by company and director on loans Kindly share your s view on this for further changes Rahul Verma rahulverma3055 gmail com

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Articles

Applicability of companies act, 2013 based on limits


Sr No Provision under Companies Act 2013 Applicability of Provision Non Applicability of provision 1 XBRL General Circular No 16 2012 Dated 06 07 2014 a All companies LISTED with any Stock Exchange s


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3 steps to control risk in your investment portfolio


Any investor would agree that ignorance and lack of awareness in the investment field can prove to be expensive In the world of finance and investment risk management is very closely related rather ne


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Audit of educational Institutions


Audit of books of educational institutions i e Schools Colleges Universities etc is known as audit of educational institutions This type of audit comes under the category of special audit Generally th


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Projected audit score and analysis of May 16 Audit paper


Exam days are busy days both for students professors Doubt solving morale boosting last minute tips and so on 6th May was a similar day as we had CA Final Audit Paper I was anxious how will be paper h


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Risk of fraud in E-commerce business


Introduction One business segment which has seen continuous growth in the last decade is E commerce despite of weak economy While the E Commerce business continues to grow few people understand the ri


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Updated on : 6/4/2016 8:36:41 PM


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