Articles by Anurag

Preparing for Government Audit

Anurag 16 October 2013 at 13:06

EXPENDITURE AUDIT (M99,M07)(N01,N03,N06)(N11) Audit against Rules &Orders(M08) Is expenditure = in conformity with statutory provisions and financial rules and regulations? Functio

Audit Report for CA IPCC

Anurag 16 October 2013 at 13:05

AUDIT REPORT Draft an illustrative Audit Report u/s 227 of the Companies Act, 1956, with a few qualifications. Annexure u/s 227(4A) is not required. In this situation, we depict a case where the auditor was unable to obtain su

Audit Working Papers - CA IPCC

Anurag 08 October 2013 at 11:40

Audit Working Papers (M10, N11, M07, and N12) Theme If you havent documented, you havent performed SA 230 Audit Documentation (N08) Utility: Documen

Audit Trail in EDP: Audit CA IPCC

Anurag 05 October 2013 at 13:17

Audit Trail in EDP (N04) Audit is doable if one can relate one-to-one basis, the original input along with the final output a) In some situations, output is as complete and as detailed as in any manual system. E.g. Detailed calc

Preparation Strategies for Auditing & Assurance - IPCC Paper 6

Anurag 01 October 2013 at 19:11

Instead of giving you a blanket statement Study hard etc, I though would give you more strategic insights. There is no assurance that the strategy I enumerate would necessarily work for you in the Auditing paper. However given my pas

The CA degree - your trust with your destiny

Anurag 27 September 2013 at 12:56

"If the tax auditor certifies that these are the heads, the officer has no discretion. The Income tax Officer has to accept the tax audit certificate unless it turns out to be a patently false certificate. W

Preparation Strategy for Audit for CA Final

Anurag 20 September 2013 at 12:21

Advising someone on how to go about preparing for auditing is a tricky affair as I had adopted a very risky strategy.Luckily the gambit worked for me .But the same may not work for you. Actually it all depends on the question paper. Audit would alwa

Case Studies for Company Audit -1 (CA-IPCC)

Anurag 17 September 2013 at 18:05

At the AGM of ICI Ltd., Mr X was appointed as the statutory auditor. He, however, resigned after 3 months since he wanted to give up practice and join industry. State, how the new auditor will be appointed by ICI Ltd. Specify provisions of Sectio

Five important Standards on Auditing for CA IPCC

Anurag 17 September 2013 at 18:04

SA 210: Agreeing the Terms of Audit Engagements Scope This S.A deals with the Auditors Responsibility in Agreeing with the Terms of Audit Engagement with Management and See Whether any of the Preconditions of the Management Restricts hi

CARO 2003

Anurag 10 September 2013 at 11:41

Companies (Auditors Report) Order, 2003 (CARO, 2003) All companies including a foreign company as defined u/s 591 Banking companies, insurance companies and Section 25 companies = Exempt Private companies fulfilling certain conditions