DHFL has diverted Rs 34,615Cr borrowed from banks. The CBI has alleged that DHFL‘s promoters formed 87 shall companies, created more than 2,60,000 "Fictitious borrowers' and set up "Virtual Branch "to divert money borrowed from banks".
An appointment of a cost auditor refers to the process of appointing an independent expert to review and assess the costs incurred in a legal matter.
13 January 2023 at 17:23
Cost auditing is the process of examining and verifying the accuracy and completeness of a company's cost accounting records.
12 January 2023 at 16:35
An audit report is a document that presents the findings of an audit. Audits are conducted to assess the accuracy and compliance of financial statements and records and an audit report is the written documentation of the auditor's findings and conclusions.
The new way of conducting the business has forced auditors to adopt new thinking, new multi-dimensional approach and new tools to conduct the audit of financial statement.
A statutory audit is an independent examination of an organization's financial records and statements by an external auditor.
Materiality is a Benchmark used to obtain reasonable assurance that an audit does not detect any material misstatement that can significantly impact the usability of financial statements.
Debits and credits are twins of Accounting, On which depend the efficacy of Accounts.
In this article author has tried to simplify the procedure to be followed while conducting audit of the Debtors in a brief manner
The Heart Of Audit - Professional Skepticism simply means having a questioning mind. It means being aware and alert of anything and everything, that may indicate possible misstatement due to error or fraud.
Online GST Course - Master the Fundamentals of GST with Practical Insights
CAclubindia
