Audit Articles

Liabilities of the Auditor under Companies Act 2013

Posted by Neethi V. Kannanth 10 April 2023 126244 Views

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.

FAQs relating to professional ethics of members pertaining to Bank Assignments

Posted by CA Ruby Bansal 10 April 2023 8179 Views

Q 1: Whether a Firm of Chartered Accountants can accept Audit of a branch of a bank, while one of the partners of the said firm has taken loan from a different ...

Who is responsible for the maintenance & preservation of audit trail?

Posted by CA Praveen 10 April 2023 5454 Views

With this article, the author intends to discuss the responsibility casted upon the Management for effective maintenance and safe custody or preservation of records including Audit Trail.

Auditor's Responsibility in respect of Audit Trail effective from 1st April 2023

Posted by CA Praveen 08 April 2023 23125 Views

Applicability of Account Rules will commence on or after April 1, 2023.

Automated Controls and Audit Trail

Posted by CA Amrita Chattopadhyay 07 April 2023 7805 Views

Finance & Accounting field has seen a shift change in the last two decades. From basic manual-driven cars to cruise controls, and thereafter autonomous crui...

Mandatory Audit Trail in Accounting Software: A Game-Changer for Corporate Governance

Posted by Rashmi 06 April 2023 13684 Views

An audit trail is a documented record of the sequence of activities and events that are associated with a specific transaction, process or system.

Implementation of Audit Trail software

Posted by CA Sanat Pyne 03 April 2023 4167 Views

An Audit Trail is a chronological record of all the events or transactions that have occurred within a particular system or process. It is used to track changes to data and document who made those changes, when they were made, and why.

Important Principles enunciated in Standards on Auditing

Posted by CA Rakesh Ishi 30 March 2023 4103 Views

Auditing standards play a significant role in the auditing profession. Among the important auditing standards, SA 700, SA 705, and SA 530 provide guidance for the auditor's opinion.

Bank Branch Audit: A New Approach

Posted by CA. Peeyush Sharma 29 March 2023 7649 Views

Bank branch audits are a critical component of the banking industry, as they help to ensure that financial institutions are operating in compliance with laws and regulations, safeguarding customer assets, and maintaining the integrity of the financial system.