Audit Articles

Forensic Analysis of Financial Statements - Can I do?

Tehsinkhan Pathan 29 September 2017 at 09:53

There is a lot of buzz about one most heard world Financial Analysis or Forensic Analysis of financial statement among students and new comer professionals.

External Confirmations 3R's - Relevant, Reliable, Risk Mitigable

CA Kanika Mittal 27 September 2017 at 11:37

When used with other audit procedures, external confirmations can be an effective audit tool in detecting fraud in accounts. In addition, to obtain sufficient a..

Ind AS transition - A pleasure though under pressure

P.R. Sethuraman 18 August 2017 at 12:09

Any pleasure issues out of pressure. The first delivery of a just married couple is full of expectation and hope, not only for the couple graced with but also f..

Tax Audit under sec 44AB of the Income Tax Act

Soumya Laha 17 August 2017 at 11:22

Tax Audit limit of Rs 1 crore has been increased to Rs 5 crore with effect from AY 2020-21 (FY 2019-20) if the taxpayer's cash receipts are limited to 5% of the gross receipts or turnover, and if the taxpayer's cash payments are limited to 5% of the aggregate payments.

Innovation in Finance and Audit

Saumit Patki 31 July 2017 at 10:58

The article throws light on modern technologies in Finance and audit sector.

Role of Key Audit matters

P.R. Sethuraman 26 July 2017 at 10:54

Role of key audit matters (KAM) (SA 101)

Internal Audit in India

Shekhar Gupta 04 July 2017 at 11:05

Internal Auditing is the evaluation of organizations activities and operations to bring in efficiency add value and improve organizations operations.

Demonetization - Additional audit procedures

CA Amrita Chattopadhyay 08 June 2017 at 11:33

The objective of demonetization is to prevent the funding of terrorism as well as to crack down on black money in the country.

An overview : Internal Financial Controls

Shreya Garg 29 May 2017 at 11:12

IFCs made easy

Auditor's/ Management perspective - Equity Investments per Ind AS

CA Anuj Agrawal 04 May 2017 at 11:07

After the applicability of Ind-As in India the situation specific to the treatment of Equity Investments will be different and it will eventually change the who..