There is a sea change that is expected in the way businesses (including banking) is conducted and the way the audit profession would require to nurture itself to adopt to the changing environment.
Impact of COVID-19 situation on Audit of Financial Statements
By this time, when the Accounting and auditing community are busy with the finalization of financial statements for the year ended 2020, they might have gone through The ICAI ACCOUNTING & AUDITING ADVISORY Impact of Coronavirus on Financial Reporting and the Auditors Consideration.
Bank Branch Statutory Audit from Remote Location due to COVID 19
Recent reliefs by RBI in Bank Branch Audit due to COVID-19. The Reserve Bank of India has brought 3 major circulars in form of COVID-19 regulatory package.
In this crunch time, we should realize now, how vital it is, the implementation of healthy BUSINESS CONTINUITY PLAN (BCP) and DISASTER RECOVERY PLAN(DRP).
Bank audit is one of the most critical functions auditors perform every year. Bank Audit plays an important role in promoting confidence in the financial information provided by banks to various stakeholders. Here are the key changes in Bank Audit due to COVID-19 outbreak.
Basics on Internal Audit of Sections(Segment) Electric Distribution Company (EDC)An EDC undertakes their operations through various segments these segments may ..
Inventory Verification is undertaken by the companies at the year-end. Due to the outbreak of the COVID-19, the inventory verification process of various companies has been affected. Here is how the same can be dealt with.
MOC- MEMORANDUM OF CHANGES, more often referred to as MOC is an important document enclosed with the Bank Audit Report whenever the Auditor observes significant issues affecting the Financial Statements of the Bank.
All Subjects Combo (Regular Batch) Jan & May 26