Audit Articles

All About Tax Audit and Form 3CD (Part-1)

Neethi V. Kannanth 20 January 2022 at 09:32

There are various kinds of audits being conducted under different laws such as company audit /statutory audit conducted under company law provisions, cost audit, stock audit etc. Similarly, income tax law also mandates an audit called 'Tax Audit'.

Concept of Virtual Audits

Tanuj Chandra Saxenaa 09 January 2022 at 09:13

The virtual audit is becoming popular amongst organizations due to fast advances in information technology. Businesses already include high-tech strategies that permit the audit teams to receive and share data, conduct interviews, and also make observations with entities all over the world.

Overview of Various Types of Audits Performed in the Corporates

Tanuj Chandra Saxenaa 14 December 2021 at 09:12

An audit refer to a systematic and independent examination of books, accounts, statutory records, documents and vouchers of an organization to ascertain that how far the financial and non-financial statements and disclosures present a true and fair view of the company.

Checklist of internal audit

Tanuj Chandra Saxenaa 11 December 2021 at 11:32

All internal audit projects should begin with the team clearly understanding why the project was put on the audit plan.

Audit of Banks: Statutory Audit of Banks & LFAR

Tanuj Chandra Saxenaa 11 December 2021 at 09:28

Statutory Audit is a type of audit which is mandated by a Law or a Statute to ensure the books of accounts presented to the regulators and public are true and fair.

Preliminary Notices for non-appointment of Cost auditors being issued by MCA

CMA Navneet Kr Jain 03 December 2021 at 09:53

It is important to note that the non-compliance is identified at the earliest by the management itself and appoint the cost auditors before the they receive the notice from the MCA.

Artificial Intelligence in Quality Control Maturity Model

CA Amrita Chattopadhyay 02 December 2021 at 11:55

Audit Quality Maturity Model (AQMM) is a tool for self-evaluation of audit firms & sole proprietors towards a technologically driven mechanism to increase operational efficiency.

Resignation of Auditor under Companies Act 2013

Tanuj Chandra Saxenaa 28 November 2021 at 18:09

Auditors work in various capacities within different industries. Auditor appointment and resignation all are to be served to Registrar of Companies.

Audit is completely Risk Free provided we follow the Science and Rules of it

CA. (Dr.) Rajkumar Adukia 06 November 2021 at 09:38

The penalties and responsibilities of an auditor may seem onerous however it would be incorrect to hold audit as risky. With essential features of auditor like independence, professional skepticism, documentation skills and continuous knowledge upgradation any Chartered Accountant can make a name for himself in the field of Audit profession.