Audit Articles
True and Fair view of accounts - An opinion by Statutory Auditor
Lot of investment decisions in the present-day world are based on the reports generated by financial analysists. One of the trusted and important sources of financial information comes from audited published financials.
Additional FAQs on UDIN for Other Audit & Assurance Functions
Additional FAQs on UDIN for Other Audit & Assurance Functions
Companies Auditor Report Order (CARO) Rules, 2020 - Analysis
The MCA has issued the Companies (Auditor's Report) Order, 2020 (CARO 2020), on 25th February 2020. This order has been issued in supersession of the Companies (Auditor's Report) Order, 2016
Complete guide on internal audit
Internal audit is an independent management function, which involves a continuous and critical appraisal of the functioning of an entity with a view to suggest improvements thereto.
Accounting By Schools For Gratuity Benefit
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
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 ...
Compliance of Ind AS 19 by Indian Listed Companies
In Indian context, Companies needs to comply with Accounting Standards notified under Section 133 of Companies Act 2013 to prepare the Financial Statements at the end each Financial Year.
Audit of GR/IR Clearing Accounts
GR/IR CLEARING ACCOUNTS IN SAP GR/IR stands for Goods Receipt/Invoice Receipt.GR/IR clearing accounts are basically intermediate accounts found only in the SAP ERP Module. Goods Received / Invoice Receipts Process The Goods Received / Invoice Rece
The importance of risk based internal audit in banks
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
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...
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