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Audit Articles


Game changer tips for audit paper

Posted by CA Ravi Taori 23 April 2015 22821 Views

GAME CHANGER TIPS FOR AUDIT PAPER(Improve marks by 20-30%) How you approach audit paper is very important, follow these to excel in exams. 1. First thing is to select questions & do ranking (determining solving sequence), it may be 3rd and then 6



What is Internal Audit?

Posted by CA Tanmay srivastava 22 April 2015 28790 Views

Internal Auditing is an independent, objective assurance and consulting activity designed to add value and improve an organizations operations. It helps an organization accomplish its objectives by bringing systematic , disciplined approach



CARO 2015

Posted by Aditya Maheshwari 13 April 2015 26925 Views

The MCA has issued Companies (Auditors Report) Order, 2015 vide order dated 10th April, 2015. It shall come into force on the date of its publication in the Official Gazette. The matters which on which reporing are required under CARO 2015 Aud



Auditors report for 2014-15- FAQ

Posted by CA Sripriya K 10 April 2015 41149 Views

There have been several mails and calls seeking clarifications on the Auditors Report to be issued for the period ended March 31, 2015. I summarise the issues as under in the form of an FAQ. What is the present ( as at April 9, 2015 ) position on Aud



Penalties: Cost records and cost audit non-compliance

Posted by CMA Navneet Kr Jain 06 April 2015 36151 Views

Penalties For Non Compliance With Cost Records And Cost Audit Provisions For 2014-15 OnwardsCMA Navneet Kumar JainFCMA, MBA, LL.B., M.COM, PGDTL, LIII, AIIISLA Normally, the companies have casual approach towards compliance with regard to the Cost



How to conduct octroi audit?

Posted by Pranjul Mittal 01 April 2015 8959 Views

Octroi audit is basically conducted to check whether the amt of audit paid by the payer or claimed by the customer/retailer/distributor from the com



Bank audit 2015 - Deposits - The peripheral aspects

Posted by Amresh 01 April 2015 18596 Views

When we go to audit the banking industry, we came to know which of the Banks must be treated with respect and which are in low water ,it simply add our responsibility to take cognizance of peripheral area of DEPOSITS. Deposits are peripheral areas o



Ready referencer on bank audit- 2015

Posted by CA Amresh Vashisht 26 March 2015 21573 Views

The Institute of Chartered Accountants has already issued 660 Page Guidance Note Bank Statutory Audit 2015.The publication is a regular annual publication with the foreword note of new President in Office. This is the Tenth Edition. The first Edition



Tendering audit services is a menace to the CA fraternity

Posted by CA Amresh Vashisht 26 March 2015 11922 Views

The latest quote price of Rs 2 per month per panchayat at Madhya Pradesh has once again shattered the profession heart & soul. Thank GOD this time, its double to 2012 rates, where the lowest tender for primary school audits was Re 1 per sc



Services which can be rendered by the auditors

Posted by CS Divesh Goyal 25 February 2015 16640 Views

As per Provisions of Section- 144 of Companies Act, 2013, A Statutory Auditor of company cant provide the following below mentioned services to followings: Services which a Statutory Auditor cant provide directly or indirectly to above




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