Easy Office
LCI Learning

Audit Articles


Case of the Uncooperative Auditor and a Lesson in Professional Responsibility

  CA Aman Rajput    11 January 2024 at 09:00

Few days ago, I appealed ICAI to raise professional misconduct fund, even posted at my LinkedIn handle regarding ICAI to bring some insurance scheme to cover risks of CA from paneities and fines up to 50 lac to 1 crore with a nominal premium every year

Posted in Audit |   4577 Views


Company Secretary as a Forensic Auditor

  FCS Deepak Pratap Singh    26 December 2023 at 08:52

Forensic Audit represents an area of finance that combines detective skills and financial acuity.

Posted in Audit |   836 Views


Understanding of Standard on Quality Management SQC 1

  Ninad Mankar    13 December 2023 at 10:33

SQC 1 deals with the firm's responsibility for having a system of quality management. The SQC is the mechanism that creates an environment that enables and supports engagement teams in performing quality engagements.

Posted in Audit |   2545 Views


NFRA Imposes 5 Lakh Penalty and 10-Year Ban on Two Auditors of BHPL over Audit Lapse

  CA Kunal Jain    08 December 2023 at 09:21

This Order by the NFRA disposes of the SCN issued to CA Jignesh Mehta, a member of ICAI and the Engagement Partner (EP) for the statutory audit of Dewan Housing Finance Corporation Limited (DHFL) for the Financial Year 2017-18.

Posted in Audit |   17552 Views


How to Start an Audit of a Listed Entity?

  CA Aman Rajput    27 November 2023 at 08:48

In this article, we will discuss the step-by-step process of initiating an audit of a listed entity.

Posted in Audit |   68 Views


Standards on Auditing for LLPs by ICAI

  CA Aman Rajput    24 November 2023 at 09:01

ICAI has proposed Standards on Auditing for Limited Liability Partnerships (LLPs), let's discuss this with explanation of each SA applicable to LLPs

Posted in Audit |   3799 Views


Crucial role of internal auditor in educational institution

  CA Amrita Chattopadhyay    02 September 2023 at 11:47

In an era where educational institutions play a pivotal role in shaping the future of individuals and societies, ensuring transparency, accountability, and qual..

Posted in Audit  2 comments |   2338 Views


Mastering Purchase Reconciliation: A Guide to Efficiency and Insight

  Nikita Agarwal    23 August 2023 at 08:58

Balancing the Books: Exploring the How-To and Why-It-Matters of Reconciling Purchases with the Purchase Register

Posted in Audit  1 comments |   1899 Views


Vertical Analysis of the Income Statement

  Swathi Reddy    07 August 2023 at 08:45

Vertical analysis is a way to analyze financial statements. It shows each item as a percentage of a base figure. It is easy to understand. In this type of analysis, all income statement items are shown as a percentage of Sales.

Posted in Audit |   3518 Views


Step wise Human Resource Audit with Checklist and its Benefits

  Nikita Agarwal    03 August 2023 at 09:00

A human resource audit is a comprehensive review and evaluation of an organization's HR policies, practices, and procedures. It helps identify strengths, weaknesses, and areas for improvement in the HR function.

Posted in Audit  3 comments |   11700 Views