Auditing standards play a significant role in the auditing profession. Among the important auditing standards, SA 700, SA 705, and SA 530 provide guidance for the auditor's opinion.
Bank branch audits are a critical component of the banking industry, as they help to ensure that financial institutions are operating in compliance with laws and regulations, safeguarding customer assets, and maintaining the integrity of the financial system.
I have given an attempt to draft a Forensic Audit Report with every care to ensure accuracy.
Identifying fictitious sales can be a challenging task, but there are several ways to detect red flags that may indicate the presence of fictitious sales.
Charitable Institutions refer to those organizations which are constituted and worked for the purpose of public charity.
Internal audit is a process which provides assurance to the management regarding company’s risk management, control procedures and their operational efficiency.
Forensic Accounting is an emerging field for professionals. It is somewhat different than other conventional accounting and auditing practices.
DHFL has diverted Rs 34,615Cr borrowed from banks. The CBI has alleged that DHFL‘s promoters formed 87 shall companies, created more than 2,60,000 "Fictitious borrowers' and set up "Virtual Branch "to divert money borrowed from banks".
An appointment of a cost auditor refers to the process of appointing an independent expert to review and assess the costs incurred in a legal matter.
Cost auditing is the process of examining and verifying the accuracy and completeness of a company's cost accounting records.