Audit Articles

Data analysis in accounts payable and accounts receivable - Audit perspective

Posted by CA Amrita Chattopadhyay 02 November 2020 12504 Views

For auditors, the main driver of using data analytics is to improve the quality of an audit. In this article, we discuss two important areas where the auditors need to concentrate.

How COVID-19 will affect Audit of Financial Statements?

Posted by Anupinder Singh 02 November 2020 3610 Views

Impact of COVID-19 situation on Audit of Financial Statements

CARO 2020 - A Stitch in Time Saves Nine

Posted by Prateek Mankad 31 October 2020 7842 Views

The requirement to report exceptions in the consolidated financial statements requires careful planning. Auditors should factor this when finalizing the group audit instructions.

CARO 2020 - The devil is in the detail!

Posted by Prateek Mankad 31 October 2020 6921 Views

In this article, we deal with the reporting requirements related to assets. CARO 2020 largely retains the principles and reporting requirements of property, plant, and equipment.

Bank Branch Statutory Audit from Remote Location due to COVID 19

Posted by CA Satish Badve 28 October 2020 8000 Views

Bank Branch Statutory Audit from Remote Location due to COVID 19

Key observations of the Performance Audit report on Income Tax Search and Seizure Assessments

Posted by CA.Mohit Gupta 27 October 2020 3166 Views

Summary of key findings and recommendations in the CAG’s performance audit report on income tax search and seizure assessments (Report no.14 of 2020)

Does Appointment of Auditors to fill up vacancy, form a part of tenure allowed u/s 139(2) of the Companies Act, 2013?

Posted by Ramaswami Kalidas 20 October 2020 20377 Views

The Companies Act 2013 has caused a paradigm shift in the manner of appointment and the tenure of appointment of Statutory Auditors for companies belonging to a particular genre. However, does the Appointment of Auditors to fill up vacancy, form a part of tenure allowed u/s 139(2)?