Audit Articles

Impact of Organization Culture on Internal Controls

Posted by Sonia Jaspal 01 May 2021 13247 Views

The COSO defines Internal Control as a process, effected by an entitys board of directors, management and other personnel, designed to provide reasonable assurance regarding the achievement of objectives in the following categories: ef

Good to Great Risk Management

Posted by Sonia Jaspal 29 April 2021 8629 Views

In the aftermath of the financial crises, it would seem fair to presume that risk management functions now have higher visibility, authority and influence. However, a recent report Too good to fail? issued by Economist Intelligence Uni

Reliefs by RBI in Bank Branch Audit due to COVID-19

Posted by CA Pooja Dhoot 27 April 2021 7044 Views

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.

MCA to Review Cost Audit/Compliance Reports

Posted by CMA Navneet Kr Jain 22 April 2021 4670600 Views

MCA to Review Cost Audit/Compliance Reports

Registration of an LLP

Posted by CA yesha sutaria 21 April 2021 39731 Views

Executive Summary: In India, The Limited Liability Partnership Act, 2008 was published in the official Gazette of India on January 9, 2009 and has been notified with effect from 31 March 2009. AS per MCA Report, d

All you need to know about Forensic Audit

Posted by CA Diwakar Jha 17 April 2021 13328 Views

The article throws light on Forensic Audit

An insight into Forensic Audit

Posted by MEENAL BANSAL 08 April 2021 8100 Views

I have been hearing and reading about Forensic Audit lately, so decided to write this article.As the name suggests Forensic Audit means independent and comprehe...

Understanding Cyber Security And Impact On Bank Audit

Posted by CA Amrita Chattopadhyay 02 April 2021 3164 Views

Cyber security risks and controls are within the scope of the auditor's concern only to the extent that it could impact the financial statement. For this purpose, the auditor needs to have an understanding of the impact of IT on the financial statement.

Audit Trail in Accounting Software

Posted by SANJAN DE 30 March 2021 24832 Views

Audit trails are records (manual or electronic) that chronologically catalogue events to provide supporting documentation used to establish authentication and integrity of a transaction.

Role Of Audit Committee In Internal Financial Control

Posted by CA Amrita Chattopadhyay 15 March 2021 6425 Views

Let us review the role of an audit committee and the applicability of the audit committee as per the Companies Act, 2013 to understand its importance in Corporate Governance & role in Internal Financial Control.