Audit Articles

Detecting Fictitious Sales: A Guide to Identifying Red Flags and Protecting Your Business

Posted by Rashmi 28 February 2023 6607 Views

Identifying fictitious sales can be a challenging task, but there are several ways to detect red flags that may indicate the presence of fictitious sales.

Audit of Charitable Institutions

Posted by Abhishek Kumar 20 February 2023 19722 Views

Charitable Institutions refer to those organizations which are constituted and worked for the purpose of public charity.

Importance of Follow up procedure in Internal Audit

Posted by CA Amrita Chattopadhyay 09 February 2023 9303 Views

Internal audit is a process which provides assurance to the management regarding company’s risk management, control procedures and their operational efficiency.

Forensic Accounting vs Normal Auditing: A Comparative Analyses

Posted by SAMIR CHAUDHARY 07 February 2023 13390 Views

Forensic Accounting is an emerging field for professionals. It is somewhat different than other conventional accounting and auditing practices.

Comments On Publication Of Annual Transparency Reports By Auditor/Audit Firms

Posted by Kotte Murali Krishna 24 January 2023 1894 Views

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".

Appointment Process Of Cost Auditor

Posted by Chetan Chauhan 13 January 2023 12300 Views

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.

Cost Auditing & its Process

Posted by Suhasini

13 January 2023 15316 Views

Cost auditing is the process of examining and verifying the accuracy and completeness of a company's cost accounting records.

Audit Report & its Format

Posted by Suhasini

12 January 2023 8880 Views

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.

Additional methods for detection of fraud in the financial statement

Posted by CA Amrita Chattopadhyay 03 January 2023 6337 Views

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.