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Audit Articles

The MCA has issued the Companies (Auditor's Report) Order, 2020 (CARO 2020), on 25th February 2020. This order has been issued in supersession of the Companies (Auditor's Report) Order, 2016

Posted in Audit |   3612 Views

Tax Audit u/s 44AB limit increased upto 5 Cr. w.e.f. FY 2020-21 - Is it applicable to all businesses?

Posted in Audit  6 comments |   4187 Views

In Indian context, Companies needs to comply with Accounting Standards notified under Section 133 of Companies Act 2013 to prepare the Financial Statements at the end each Financial Year.

Posted in Audit  2 comments |   1086 Views

SEBI circular on the resignation of statutory auditors

Posted in Audit |   1323 Views

Integrity Of Auditor - PMC Bank Crisis

  Tejas Kasar    21 October 2019 at 10:57

Few days ago some of you may have heard news saying that RBI has imposed restrictions of withdrawal on PMC bank holders. The RBI restricted to withdraw only Rs. 1,000 for whole 6 months. All the monies of account holders is at stake.

Posted in Audit  3 comments |   1513 Views

GST Testing under Internal Audit

  Mandli Ravi Tej    27 September 2019 at 11:02

We are almost at the end of statutory audit season and many of us will be working in internal audits from now. Statutory compliance will be the compulsory component in the scope. We will be covering basic reconciliations as a part of GST testing.

Posted in Audit  1 comments |   3999 Views

After the extension of the due date to file the Income Tax Return, the Chartered Accountants are now requesting the Income Tax Department to extend the due date to submit the Tax Audit Report as soon as possible to reduce their workload.

Posted in Audit  49 comments |   39925 Views

SAT order - quashing the SEBI order debarring PW from auditing listed companies: Auditor's duty is verification and not detection

Posted in Audit |   2575 Views

Lot of investment decisions in the present-day world are based on the reports generated by financial analysists. One of the trusted and important sources of financial information comes from audited published financials.

Posted in Audit |   1424 Views

Additional FAQs on UDIN for Other Audit & Assurance Functions

Posted in Audit  1 comments |   1713 Views

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