Audit Articles

Value Dating check in relation to Concurrent Audit of Banks

Sahil Jolly 13 January 2015 at 10:19

Value Dating check in relation to Concurrent Audit of Banks Dear Professional colleagues, Concurrent Audit of Banks are fast gaining significance in the wake of increase in Non-Performing Assets (NPA) and other irregularities which have surfaced in t

Importance of vouching

DHARMENDRA SHARMA 03 January 2015 at 11:00

I have come across many articles assistant and on asking their experience of audit one thing which I found common is that they all hate vouching during audit. For them, Vouching is a boring and monotonous work. But after reading my article, I am sure

Tax audit puzzles

Guest 02 January 2015 at 11:26

RECENT CAG REPORT The Comptroller and Auditor General Report no.32 of 2014 has taken the list of Chartered Accountants who have signed tax Audit cases under Income tax Act of more than 400during FY 2012-13 and there are 22people in the list. ARBITRAR

Book Review 1 - Not Just An Accountant

Nikhil Kaushik 26 December 2014 at 10:56

Not Just An Accountant - The Diary of the Nation's Conscience Keeper - Vinod Rai7 January 2009 - A normal day with business as usual turned into one of the darkest day in the Indian corporate history. The company which had as recent as September

Complete Audit: A new look at social audit

DR. NEERAJ MEEL 27 November 2014 at 13:35

Abstract It is a Research paper. The purpose of this article is to evaluate the current state of social audit. Analyzed the importance of social audit in every social activity. Universal imperatives of social audit are shown with examples.

How to check purchases

Ankur Dudani 20 October 2014 at 11:48

Hi Friends,This article is about How to check Purchases in any organisation during Audit:-Remember that during audit whatever document you take from client take his signature on the same basically its a approval from client side that we provided the

A Brief explanation of standard on auditing (SA 550 related)

shikha 20 October 2014 at 11:48

This standard on auditing lays emphasis on the auditors responsibilities in regard to the related parties identified during the conduct of an audit of financial statments. It deals with the responsibilities and expands on how to make application of t

Oligopoly of the Big 4s

Sushil krishnan 22 September 2014 at 11:36

Since at least the 1980s the audit market has functioned as an Oligopoly with few large firms providing the auditing services to the majority of large companies. The past three decades have seen a steady tightening of the oligop

Compliances for annual filings 2014 - Are you CA 2013 ready?

Sundharesan Jayamoorthi 02 September 2014 at 11:09

Take care of these issues failing which you may fail on ensuring to be compliant this year for conducting the Annual General Meeting. Section 136 – Circulation of Financial statements • Financial statements, auditor’s report and ever

Concurrent Auditor and Family Doctor

CA Satish Badve 25 August 2014 at 10:53

As concurrent audit is a continues function it will always be called as extended arm of management function, a tool to reduce the gap between the transaction and audit of the same, a part of Internal control and so on. In spite of being there in t