Audit Articles

New Bank Audit Norms: Statutory Auditor Empanelment

Posted by CA.Saibaburao Nanduri 22 July 2016 22629 Views

Discover the revised empanelment norms for statutory auditors of public sector banks, financial institutions, and RBI, effective from 2004-05.

Exemptions for CARO

Posted by CA Sripriya K 05 July 2016 30929 Views

The previous and the present CARO is placed side by side for easy reference. Please note that CARO will not be applicable for certain categories of Companies as stated in the order. Companies (Auditor's Report) Order, 2003 Compan

Green Audit vis-a-vis Cost Audit & Financial Management - A CMA's Perspective

Posted by LAKSHMANARAO UDANDRAO 28 June 2016 15208 Views

Biodiversity is a variation, variety and number of living organisms on this ecosystem or on the Earth. It is about the Earths eco-system

IND-AS, Indian Accounting Standards

Posted by Shubham Gupta 24 June 2016 33012 Views

Indian Accounting StandardsOBJECTIVE The basic objective of Accounting Standards is to remove variations in the treatment of several accounting aspects and to bring about standardization in presentation. They intent to harmonize the diverse accountin

Combine Technology-Based Auditing Tools with BI Tools to Achieve Swift, Accurate Results

Posted by Arbuda Dave 24 June 2016 6285 Views

Whether internal or external, professional auditors have a profound responsibility to, and impact on, an organization. Auditing is required in every organization to ensure industry and governmental compliance and to assure management that policies an

Guidelines/Audit Programe for Bank Audits

Posted by Anmol 24 June 2016 23757 Views

Audit Program for Concurrent Audit Deposits/Accounting Opening/KYC All the documents required for opening of account as mention in account opening form(AOFs) should be obtained from the party and updated in the system

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

Posted by CA Amrita Chattopadhyay 07 June 2016 12214 Views

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

Posted by P.R. Sethuraman 03 June 2016 76830 Views

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

Shocking observations on auditors of listed companies

Posted by CA Ravi Taori 29 April 2016 37447 Views

Major changes were made in CA Act 1949 in year 2006 to improve quality of services given & punish CAs who indulges in professional misconduct. One of the very important change was introduction of Chapter VIIA, Sec 28A to 28D dealt with very power

Auditors Can Deliver Accurate, Swift Results with Integrated Business Intelligence Tools

Posted by Arbuda Dave 27 April 2016 8330 Views

When an enterprise engages in an audit process, it must have access to data from numerous systems and sources. This data will play a crucial role in gathering facts, analyzing processes, getting to the heart of issues and problems, uncovering and mit