Audit Articles

Audit Committee's Role in Internal Financial Control

Posted by CA Amrita Chattopadhyay 15 March 2021 6442 Views

Discover the crucial role of the Audit Committee in overseeing internal financial controls, as mandated by the Companies Act, 2013. Learn about their responsibilities and importance in corporate governance.

Tax Audit Benefits: Understand Your Business Better

Posted by CA Chanchal Jain 13 March 2021 11758 Views

Discover the benefits of a tax audit! Learn how Form 3CD reporting can strengthen your financial data and improve business planning.

Tax Audit Forms 3CA, 3CB, 3CD, 3CE Explained

Posted by Shweta 28 February 2021 27397 Views

Understand tax audit reports and forms 3CA, 3CB, 3CD, and 3CE. Learn who needs them, their purpose, and deadlines. Get comprehensive analysis.

Tax Audit Limit Increased to 5 Cr: Who Qualifies?

Posted by Soumya Laha 28 February 2021 47176 Views

Discover if the increased tax audit limit to 5 Cr applies to your business. Learn the conditions for this change under Section 44AB.

Audit Risks: What They Are & How to Minimise Them

Posted by Namrata 27 February 2021 7221 Views

Understand audit risks, including control, detection, and inherent risks. Learn how to minimise these risks through effective audit strategies.

Note on Management Representation Letter (MRL)

Posted by CA Satish Badve 24 February 2021 74489 Views

An MRL is issued by the client (Auditee) to the auditor in writing as a part of Audit Evidence. This document during the audit clarifies the separation of responsibilities of the auditor and auditee (management).

Auditor Remuneration, Powers & Duties Explained

Posted by DEEPAK SETH 21 February 2021 11209 Views

Understand auditor remuneration, their extensive powers, and crucial duties. Learn about access to records, reporting requirements, and compliance standards.

Payroll Data Analysis for Internal Audit

Posted by CA Amrita Chattopadhyay 02 February 2021 5612 Views

Discover how data analysis enhances internal audit for payroll. Learn to identify errors, inconsistencies, and potential fraud to ensure accuracy and compliance.

AUDIT UNDER COMPANIES ACT,1956

Posted by Jaideep 30 January 2021 208082 Views

AN OVERVIEW RELATING TO AUDIT UNDER THE COMPANIES ACT, 1956 Audit of Annual Accounts of a company is compulsory and is indispensable part of incorporated business. Those who carry on business with the other people’s money have to be accountab

Section 141 of the Companies Act, 2013 on Eligibility, qualifications and disqualification of auditors

Posted by P.R. Sethuraman 30 January 2021 172528 Views

The purpose of the article is limited to the topic on Section 141 of the Companies Act, 2013 on Eligibility, qualifications and disqualification of auditors