Audit Articles
CBDT extends the due date to submit the Tax Audit Report to 31st October, 2019
After the extension of the due date to file the Income Tax Return, the Chartered Accountants are now requesting the Income Tax Department to extend the due date to submit the Tax Audit Report as soon as possible to reduce their workload.
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
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
SAT order - quashing the ban on PWC from auditing listed companies
SAT order - quashing the SEBI order debarring PW from auditing listed companies: Auditor's duty is verification and not detection
Standards on internal audit: A Bird's Eye View
The Internal Audit Standard Board of the ICAI has, with other pronouncements, issued five Standards on Interna
Impact of Ind AS 116 on Leases - When it is Operative
Introduction: Ind. AS 116 on Leases
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