Audit Articles

Important points for Bank Audit while auditing MSME borrowers

CA Kushal Soni 06 April 2019 at 12:41

90 days delinquency norm is a condition for classification of majority of loans into NPA, loans to

FAQ in relation to UDIN for Bank Audit

Guest 01 April 2019 at 12:21

The following are the FAQs in relation to UDIN for Bank Audit:1. Whether UDIN is mandatory for Statutory Bank Audit?For Statutory Bank Audit, UDIN is not mandat..

Key Points while Auditing Agriculture Advances

CA PIYUSH KAPOOR 01 April 2019 at 11:15

Before understanding the Norms for Agriculture Advance first should know about the Which type of Loans cover under Agriculture Advances:Types of Agricultural Lo..

Frequently asked questions regarding NPA

CA PIYUSH KAPOOR 01 April 2019 at 11:15

1. Whether a working capital account will become an NPA if the stock statements are not submitted regularly? What should be the period for which the stock state..

Key points for Bank Audit 2019

CA Mahesh Bansal 25 March 2019 at 10:57

Many of you may have been allotted bank branch audits. I congratulate them heartily. Today, I am sharing with you few things to keep in mind while going for ban..

Procedure to set-up an Internal Audit Department by an organisation

CMA TAPAN DHAR 18 March 2019 at 11:07

What is Internal Audit?Internal Audit is an independent & objective assurance and consulting activity that is guided by a philosophy of adding value to impr

All you need to know about KAM- Key Audit Matters

CA. Anshul Gupta 13 March 2019 at 10:46

For the first time, audit reports of listed companies for Financial year 2018-19 will contain a section called Key Audit Matters (KAM). T

Audit Report - What is'true and fair view?'

P.R. Sethuraman 11 March 2019 at 11:03

The present formats of the audit reports are primarily guided by the relevant SAs:

An insight into Forensic Audit

MEENAL BANSAL 02 March 2019 at 11:26

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..