Audit Articles

Audit of Banks with the help of Finacle

Pranav Vijay Pandya 16 January 2014 at 12:59

Audit of Banks with the help of FinacleThe banking sector in India has developed tremendously after it adopted the Core Banking Solution (CBS). Finacle is also one of such CBS softwares developed by Infosys. Many nationalized banks such as Bank of B

How To Start An Audit For Beginners

Ankit Aryal 15 January 2014 at 10:56

HOW TO START AN AUDIT AND TAKE IT TO A CONCLUSION Ankit Aryal

The Anatomy of Controls

Nishanth 02 January 2014 at 13:04

This was first posted on my website www.theauditschool.com. Every step I take in learning new things about internal controls, audit or risk management, I like to take two steps back to see the basic concepts which I have learnt years back and see

Importance of Internal Audit Report for the Statutory Auditor

Ca Jai Prakash Agarwal 12 December 2013 at 11:03

Internal Audit report is a very crucial document and if internal audit is carried our fairly, it contains lot of insights and information about the entitys operations. The statutor

Does an Internal Auditor require Industry Specialization?

Ca Jai Prakash Agarwal 03 December 2013 at 11:37

Internal Audit is a very important function and it is very important for an internal auditor to understand the basic functions of an organisation so as to conclude the internal audit assignment effectively. In case of in-house internal audit departm

MVAT Audit 2013 - Approach & Important Issues

Guest 27 November 2013 at 11:26

Applicability of audit under MVAT Act, 2002 To whom audit is applicable? As per Section 61(1) of the MVAT Act, 2002, audit is applicable to: A dealer who is liable to pay tax and his turnover, either of sales or purchases, exceeds Rs. 6

Internal Audit and Risk Management

Ca Jai Prakash Agarwal 23 November 2013 at 13:43

Internal Audit and Risk Management Whether Synonyms or something else. By CA Jai Prakash Agarwal M.Com, LL.B, ACMA, ACA, ACS, DISA (ICAI), DIRM (ICAI), UGC NET What is Risk Management? Risk management once a jargon has become a much kno

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