Audit Articles

NFRA Order: CA Rakesh Puri's Audit Lapses Exposed

Posted by Rashmi 31 May 2023 4559 Views

Discover the major audit failures by CA Rakesh Puri highlighted in the NFRA order, including revenue misstatements and lack of due diligence. Learn from these critical findings.

MOC - Memorandum of Changes

Posted by Rahul ojha 30 May 2023 113469 Views

MOC- MEMORANDUM OF CHANGES, more often referred to as MOC is an important document enclosed with the Bank Audit Report whenever the Auditor observes significant issues affecting the Financial Statements of the Bank.

Secretarial Auditor Fined Rs. 2 Lakh for Non-Compliance

Posted by CS Divesh Goyal 29 May 2023 3408 Views

Discover why a Secretarial Auditor faced a Rs. 2 lakh penalty for failing to report company non-compliance under the Companies Act 2013. Learn from this case.

Stock audit basics & checklist of documents required

Posted by Niket Agarwal 06 May 2023 196286 Views

What is a Stock Audit?It is the physical verification of the inventory. However at times it may also include valuation of the inventory, this would depend upon the terms of referrence or the engagement letter of the assignment. Important thing to rem

Audit Trail & Access Control: New Auditor Reporting Rules

Posted by CA Amrita Chattopadhyay 04 May 2023 8780 Views

Understand new auditor reporting rules for accounting software audit trails. Learn about access control importance and compliance requirements. Read now!

Board Oversight & Auditor Role in Corporate Litigation

Posted by CA Sanat Pyne 02 May 2023 2724 Views

Discover the vital roles of board oversight and auditor responsibility in preventing and mitigating corporate litigation risks. Learn best practices for robust governance.

Audit Trail Explained: Rules, Applicability & Requirements

Posted by CS Divesh Goyal 27 April 2023 11350 Views

Understand Audit Trail requirements in India. Learn about applicability, management & auditor responsibilities, and record-keeping rules. Get compliant!

Auditor Misconduct: Lessons on Professional Conduct

Posted by Rashmi 25 April 2023 3186 Views

Learn crucial lessons for auditors on professional conduct, ethics, and due diligence from a recent regulatory penalty and ban.

Audit Property, Plant & Equipment (PPE) in India: A Guide

Posted by CA Sanat Pyne 21 April 2023 22969 Views

Learn how to audit Property, Plant, and Equipment (PPE) in India. This guide covers key considerations for auditors, including Ind AS 16 compliance.

Audit Accounts Receivable & Impairment: A Deep Dive

Posted by CA Sanat Pyne 19 April 2023 3032 Views

Learn about auditing accounts receivable and assessing impairment. Discover key procedures, reporting requirements, and challenges in this in-depth guide.