Audit Articles
Forensic Analysis of Financial Statements - Can I do?
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
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
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
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
The article throws light on modern technologies in Finance and audit sector.
Role of Key Audit matters
Role of key audit matters (KAM) (SA 101)
Internal Audit in India
Internal Auditing is the evaluation of organizations activities and operations to bring in efficiency add value and improve organizations operations.
Demonetization - Additional audit procedures
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
IFCs made easy
Auditor's/ Management perspective - Equity Investments per Ind AS
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...
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