Audit Articles

Accounting By Schools For Gratuity Benefit

Tikaram Chaudhary 28 August 2019 at 10:48

How Schools should do their accounting is explained by The Institute of Chartered Accountants of India in a guidance note GN(A) 21 (Issued 2005) Guidance Note on Accounting by Schools, here in after referred to as GN (A) 21.

Appointment of joint auditor - Impact on the corporate world

CA Amrita Chattopadhyay 19 August 2019 at 11:42

In last couple of years, the audit profession has received the attention which no other profession has received due to corporate frauds which has surfaced, the ..

The importance of risk based internal audit in banks

T.R.Radhakrishnan 24 July 2019 at 11:15

Deregulation and liberalization of Indian financial sector call for effective and crucial risk management and internal control system in the conduct of banking ..

SEBI proposed to stringent the norms for resignation of auditors

Kavita D. Shah 23 July 2019 at 10:59

There have been a significant number of instances of abrupt resignation of Statutory Auditors from listed entities in recent times. In most of the cases, the st..

Audit documentation requirement and observation as per QRB

CA Amrita Chattopadhyay 10 July 2019 at 11:25

The audit profession has been in news in the recent times due to various frauds reported in the corporate world. Various questions have been raised on the profe..

Purpose of doing peer quality review

Venkat Raj 01 July 2019 at 11:21

This chapter holds paramount importance in today �s Corporate World. With the advent of Companies Act 2013, all companies are forced to follow

DPT-3 still requires clarification

P.R. Sethuraman 01 July 2019 at 11:21

Introduction:The purpose of the article is not on examinatio

Tax Audit & The Presumptive Taxation

CA. Atul Khurana 13 June 2019 at 11:20

Section 44AB vs 44ADWhen we talk about Presumptive Taxation, then it automatically relates to Tax Audit under Income Tax Act, 1961.At student level, I have seen..

All about Inventory Management

CMA Supriya Talegaonkar 10 June 2019 at 11:38

Inventory Management is the process of ordering, storing, handling, retrieving, dispatching and accounting stock.

Importance of risk assessment as required in auditing standard

CA Amrita Chattopadhyay 31 May 2019 at 18:03

Developments in business, regulation, corporate governance and user expectations drive change in auditing standards and methodologies, as do changes to the cont..