Audit Articles

Casual vacancy of auditor

CS Divesh Goyal 26 September 2016 at 10:25

Detailed analysis on casual vacancy of an auditor

Audit by department: Justified or not?

Pradeep Jain 22 September 2016 at 10:46

On one hand the courts have understood the pain of the assessees to be assessed by ineligible auditors and on the other hand the government does not want to let..

Internal Financial Control

P.R. Sethuraman 14 September 2016 at 10:39

The first and foremost duty of auditors with regard to Internal Financial Controls over Financial Reporting is to see and get satisfied as to the framework set in place as specified in the Guidance Note and as �declared in Directors

Determining the Acquisition date as per Ind IAS 103 for Consolidated Financial Statements

Nidhi 02 September 2016 at 11:00

The below article gives an overview of the guidance provided by Ind IAS 103 regarding the determination of Acquisition date for any business combination and how it is subject to interpretation.

Importance of communication with management during audit of financial statement

CA Amrita Chattopadhyay 10 August 2016 at 11:13

Since the auditor is required to maintain the audit evidences, the oral communication is needed to be documented.

Forensic Audit - A Modern Day Thrust and Thirst

P.R. Sethuraman 09 July 2016 at 11:29

Forensic Audit-a Modern Day Thrust and ThirstIntroduction: In the recent past, more so in the previous decade, accounting and auditing community witnessed and i..

Internal Financial Controls - Practical approach in evaluating a Control

CA.Rajeev Joshi (CA,CISA,DISA) 27 June 2016 at 10:35

In current article we delve on the aspect of 'Auditors Role' and take one practical example of evaluating the control which influences the �Financial Reporting� (FR).

Develop & Establish Internal Financial Controls

CA.Rajeev Joshi (CA,CISA,DISA) 22 June 2016 at 10:49

The intention of this article is to embark upon a journey, which in its course continues to contribute series of articles in continuity thereby exploring the nuisance of the professional domain. See you soon in my next article in the series on IFC.

Significant changes introduced in the revised auditing standard - SA 570 going concern

CA Amrita Chattopadhyay 07 June 2016 at 10:41

The revised Auditing Standard introduced for SA 570 Going concern is for the audits of financial statements for the periods beginning on or after 01st April, 2017.Significant changes introduced in the standard:ScopeThe earlier standard which was effe

Ind AS 19 on Employee Benefits

P.R. Sethuraman 03 June 2016 at 10:51

Employee Benefits include and cover all forms of consideration given by an entity in exchange for service rendered by employees. Pictorially, it is mapped out below. Post-Employment Benefits are employee benefits (other than termination benefits