Integrated reporting is founded on integrated thinking which helps to demonstrate the interconnectivity (co-creation) of strategy, strategic objectives, performance, risk and incentives which further helps to identify the sources of value creation.
It was observed that the separate section on going concern was not reported by the auditor as required by SA 570 (Revised)
The government has started relying on the professional and has given certain certification powers to the professionals who are being regulated by the professional Institutes.
For the purpose of recapitulation of some of the important aspects, an effort is made to undertake objective review of the various aspects of modern CG which might also serve as a checklist.
In this article author has tried to brief the procedures to be followed while conducting a statutory audit in a brief manner.
In this article, the author has shared the format of the Management Representation Letter or Written Representation (MRL/WR) to be obtained from the management during various professional engagements
There are certain criteria set for a person to be appointed as an auditor of the company. The same is discussed in this article. Read on to know more.
An auditor appointed under section 139 of the Companies Act, 2013 cannot be removed from his office before the expiry of his term.
When a person who has engaged an auditor, has suffered some loss, damage or detriment due to non-performance of duty by such auditor in accordance with the accepted professional standards, it shall give rise to the liability of the auditor.
In this article author has tried to throw some light on the procedure to be followed while conducting Revenue Leakage audit in a brief manner.
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