Audit Articles

Central Excise Audit - A Practical Perspective

CA Ankit Gulgulia (Jain) 21 August 2013 at 14:07

Central Excise Audits Practical Perspective for Assessees Centra

MCA issues notices for non-compliance with Cost Audit

CMA Navneet Kr Jain 07 August 2013 at 12:57

MCA has started issuing notices for non-compliance with cost audit provisions By CMA Navneet Kumar Jain FCMA, MBA, LL.B., M.COM., PGDTL, LIII., AIIISLA It is natural for the corporates to go soft on the compliance provisions with regard to any of

Comprehensive Procedure for E-Filing of Tax Audit Report

CA SUDHIR HALAKHANDI 08 July 2013 at 11:56

Registration of CA Go to incometaxindiaefiling.gov.in and click on REGISTER YOURSELF and select the option Tax professional Chartered Accountant. The Registration Form will require your Membership Number, enrolmen

Internal Audit-Role of Management and Internal Auditor

Ca Jai Prakash Agarwal 04 July 2013 at 11:24

Internal Audit Role of Management and Internal Auditor in its successful and effective execution WHAT IS INTERNAL AUDIT? Internal Audit as the name implies is an audit which is got carried out by the internal management. Generally internal audit is

Forensic Auditing & Internal Auditing

Shikha Sanat Kotak 02 July 2013 at 11:49

Forensic Auditing: Todays era has fallen prey to complete digitalization; may it be in the field of accounting or for that matter all the spheres of business conduits. While this computerization has enormous advantages; like any other devel

Comparison Of Old Audit Report Format With SA 700(Revised)

CA Vinay parmar 22 June 2013 at 12:11

Hello, Everyone, as we all know Audit period has started and we all are busy in Auditing and Finalization work and this time we all have to prepare Audit Report in a Revised Format. While going through the Revised format and the Old Format, I have

Introduction of New Audit Report Format by ICAI

CS DHANAPAL 21 June 2013 at 16:54

Revision in format of Implementation of SA 700 (Revised) /SA 705/SA 706

Stock Audit

Nitin Agrawal 21 May 2013 at 11:59

A cash credit limit against hypothecation of Stock & Debtors is very commonly adopted as a mode of finance. In such case the borrowers are required to submit stock statements showing details of Stock (RM,WIP,Consumables,FG) & Debtors so that

Importance of Gaining Knowledge About Client's Business

ashish sharma 11 May 2013 at 13:31

In an audit it is important for an auditor to acquire sufficient knowledge about the client's businessthis will not only help him/her express an opinion as to the truth and fairness of assertions in the financial statements but also help him/her safe