Audit Articles
Bank Concurrent Audit
PLANNING & REQUIREMENTS Documents to gather Information / Guidelines before Audit
All about professional ethics
ICAI (Institute of Chartered Accountants ) is a statutory body constituted under Chartered Accountants Act 1949 governed by Ministry o
Key Changes made in Auditor's reporting Standard & Emphasis on Audit documentation
In the wake of the present financial crisis, the role of the auditor has been questioned by many stakeholders. One of the concern of the stakeholder was that th...
Important points for Bank Audit while auditing MSME borrowers
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
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
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
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
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
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
For the first time, audit reports of listed companies for Financial year 2018-19 will contain a section called Key Audit Matters (KAM). T
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