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Audit Articles


Corporate Structure and Identification of Red Flags

  Shailesh Prajapati    22 May 2024 at 08:45

Understanding various flags and fixing the flags



Understanding Systems Audit and Process Audit: A Comparative Analysis

  Sundaran.D    15 May 2024 at 08:39

In the sphere of organizational management, audits serve as indispensable tools for enhancing efficiency, ensuring compliance, and driving overall effectiveness. Among the array of audit types, two stand out prominently: systems audit and process audit.



Delay in complying with timelines relating to Cost Audit 2023-24 to be informed to MCA by Cost Auditors

  CMA Navneet Kr Jain    13 May 2024 at 08:41

Recently, MCA issued various notices after reviewing the cost audit reports, and now ICMAI has come up with an advisory, which we need to follow. We request that you ensure the accuracy of the data, the timely completion of the data, and the filing of the cost audit report.



Statutory Auditors' Role in Detecting and Reporting Fraud in Companies

  CA Rakesh Ishi    02 May 2024 at 12:29

In this article, we delve into the statutory auditors' responsibilities concerning fraud in a company, emphasizing the importance of vigilance and adherence to regulatory mandates.



HR Audits: Ensuring Legal Compliance and a Happy Workplace

  CA Rakesh Ishi    25 March 2024 at 07:01

HR audits are important because they help avoid legal problems and make sure employees are happy. By checking how things are done, companies can fix issues and prevent lawsuits or complaints.



Unlocking Success: How Process Audits Propel Small and Medium Enterprises (SMEs)

  Sundaran.D    22 March 2024 at 14:27

In the vibrant realm of business, Small and Medium Enterprises (SMEs) serve as pivotal contributors, fostering innovation, generating employment, and stimulating economic growth.



Planning for an effective bank branch Statutory Audit

  CA.Sangam Aggarwal    18 March 2024 at 08:58

In this article, we will discuss in depth about audit of branch of bank.



Concrete Insights: A Comprehensive Audit Approach For The Cement Sector

  CA Amrita Chattopadhyay    19 February 2024 at 09:41

The Indian cement industry is one of the largest in the world, both in terms of production and consumption. The sector has been experiencing steady growth due to infrastructure development, housing projects, and increased demand from the real estate sector.



Audit Trail: A Key Element of Financial Audits

  CA Rakesh Ishi    17 February 2024 at 12:05

An audit trail is a chronological record of all changes made to financial transactions within an accounting system. It helps maintain the integrity and accuracy of financial records.



A Complete Guide ESG in Auditing

  Sai Kiran    10 February 2024 at 09:12

Here's a guide on ESG (Environmental, Social, and Governance) in auditing as per discussions and recommendations from UNO