Audit Articles


MCA Cost Audit Report Review: A Warning for Auditors

Posted by CMA Navneet Kr Jain 14 October 2022 7868 Views

The MCA is reviewing Cost Audit Reports, issuing notices to companies and auditors. Understand the implications and prepare for data scrutiny. Read more.



Corporate Governance Audit: Essential Review Guide

Posted by Gopinath Vedula 04 October 2022 2761 Views

Conduct a thorough corporate governance review. Explore key areas like ESG, board composition, risk management, and ethics for better business performance.



Checklist for Statutory Audit - Documents to be obtained

Posted by CA Ramanujan Sharma 12 July 2023 52541 Views

In this article author has tried to brief the procedures to be followed while conducting a statutory audit in a brief manner.



Management Representation Letter: Audit Essentials

Posted by CA Ramanujan Sharma 26 September 2022 10400 Views

Understand the Management Representation Letter (MRL) for audits. Learn what it confirms and why it's crucial for financial statement accuracy.



Qualifications and Disqualification of the Auditor

Posted by Neethi V. Kannanth 29 October 2024 286732 Views

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.



Auditor Removal & Resignation: Your Guide

Posted by Neethi V. Kannanth 19 February 2024 19895 Views

Learn the procedures for removing an auditor before their term ends or for an auditor's resignation under the Companies Act, 2013. Understand forms and fees.



Liabilities of the Auditor under Companies Act 2013

Posted by Neethi V. Kannanth 10 April 2023 126336 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.



Bank Revenue Leakage Audit: Key Areas & Procedures

Posted by CA Ramanujan Sharma 05 September 2022 4391 Views

Conduct a thorough bank revenue leakage audit. Discover key areas like interest, fees, and charges to prevent financial loss. Learn the audit procedure.



Green Flags in Financial Audit: Spotting 'Too Good to Be True'

Posted by CA Amrita Chattopadhyay 20 August 2022 13300 Views

Discover 'Green Flags' in financial audits – signs that seem positive but could hide fraud. Learn to identify these 'too good to be true' indicators.



Company Auditor: Role, Responsibilities & Rights Explained

Posted by CS CHARU VINAYAK 20 July 2022 29629 Views

Discover the essential role and responsibilities of a company auditor. Learn about their rights, duties, and the qualities needed to ensure financial accuracy and integrity.




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