Audit Articles

Internal Audit Checklist: Your Essential Guide

Posted by Tanuj Chandra Saxenaa 11 December 2021 28715 Views

Master your internal audits with our comprehensive checklist. Plan, assess risks, and prepare effectively for successful audits. Get started now!

Statutory Audit of Banks: Your Essential Guide

Posted by Tanuj Chandra Saxenaa 11 December 2021 17679 Views

Understand the mandatory statutory audit for banks, including LFAR. Discover key checks for cash, loans, and tax compliance. Learn more!

MCA Issues Notices for Non-Appointment of Cost Auditors

Posted by CMA Navneet Kr Jain 03 December 2021 2264 Views

The Ministry of Corporate Affairs (MCA) is issuing preliminary notices for non-appointment of Cost Auditors. Learn about compliance requirements and potential penalties.

AI in Audit Quality Control: Enhance Efficiency

Posted by CA Amrita Chattopadhyay 02 December 2021 1715 Views

Discover how Artificial Intelligence can elevate your audit firm's quality control using the Audit Quality Maturity Model. Improve efficiency and independence.

Internal Audit Evidence: Collection & Retention Guide

Posted by CA. Heet Shah 01 December 2021 5468 Views

Learn how to collect, retain, and review internal audit evidence. Ensure sufficiency and appropriateness for reliable audit opinions.

Auditor Resignation: Companies Act 2013 Procedures

Posted by Tanuj Chandra Saxenaa 28 November 2021 2815 Views

Learn how to resign as an auditor under the Companies Act 2013. Understand the procedures, forms, and timelines for auditor resignation and appointment.

Tax Audit under sec 44AB of the Income Tax Act

Posted by Soumya Laha 26 November 2021 388821 Views

Tax Audit limit of Rs 1 crore has been increased to Rs 5 crore with effect from AY 2020-21 (FY 2019-20) if the taxpayer's cash receipts are limited to 5% of the gross receipts or turnover, and if the taxpayer's cash payments are limited to 5% of the aggregate payments.