Audit Articles

A Cure for Enron-Style Audit Failures

M.RR CHARYULU 02 April 2018 at 11:48

If companies and regulators are ever to learn from the collapse of Enron�and prevent similar corporate debacles in the future�they must look more cl

10 practical tips to optimize physical verification

CA Vipin Garg 30 March 2018 at 12:22

Physical verification of inventory is an uphill task for retailers. Being a tedious task, it not only takes hours but is also a function with higher possibiliti..

Internal Audit - Dynamic Profession & Heart of Technology

Chetna Rathi 26 March 2018 at 12:56

The chocolaty profession, technological, money oriented, future stable, today fuel of organizati

Communicating Key Audit Matters in the Independent Auditor's Report

CA PRASANTH.K 05 March 2018 at 11:11

Objective To determine key audit matter; and To report such key audit matter after forming an opinion on the financial statement ..

Why documentation is Important for Auditors?

CA Amrita Chattopadhyay 05 March 2018 at 11:11

In the wake of recent bank scams questions have been raised on the professional standards, quality, and commitments of Chartered Accountants. These allegations..

Chapter X on Audit and Auditors

P.R. Sethuraman 09 February 2018 at 11:07

The Companies Act 2013 vis a vis Amendment to the chapter(Sections 139 to 148) Introduction:Any amendment is to �mend&rsquo

Provision requiring Internal Audit to be conducted

Varsha singh 25 January 2018 at 11:17

Clause 49 of the listing agreement: This section states that The Audit Committee is required to review certain points in regards to adequacy and efficiency of

Clarification on Statutory Auditor's Report over Internal Financial Control

chirag rajendra parekh 15 January 2018 at 11:51

Background:The Companies Act, 2013 ('the Act') had introduced many new reporting requirements for the statutory auditors of companies. One of these

Check list for Insurance Audit

nawin kumar kintali 05 January 2018 at 11:37

Basic legal frameworks to be familiarize before doing an insurance audit1) The Insurance Act , 1938 as amended by the Insurance laws (amendment act) ,2015 in..

Forensic Analysis of Financial Statements - Basic about Forensic

Tehsinkhan Pathan 18 December 2017 at 10:48

PREAMBLE Fraud is a burning problem all over the world, not only for India. Enron, WorldCom, Satyam are some of the famous fraud cases you might have heard. Up ..