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Audit Articles


How to check purchases

Posted by Ankur Dudani 20 October 2014 44021 Views

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)

Posted by shikha 20 October 2014 22184 Views

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

Posted by Sushil krishnan 22 September 2014 14545 Views

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?

Posted by Sundharesan Jayamoorthi 02 September 2014 22555 Views

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

Posted by CA Satish Badve 25 August 2014 10058 Views

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



Risk based audit

Posted by Deepika Agarwal 20 August 2014 25659 Views

INTRODUCTION Many of us think that the job of an auditor is very fascinating and easy, but it is not so, the job of an auditor is very hectic and involves lot of hard work and commitment. It involves checking whether the financial statements of the en



Web Based Audit in Cloud computing era

Posted by pappachan 11 August 2014 7837 Views

Last decade saw an evolution of cloud computing in area pertaining to Customer Relationship Management, Accounting and Financial Planning & Analysis. With major emphasis towards data efficiency and accuracy, cloud computing has now become buzz in



Recent Changes in Tax Audit Report

Posted by manoj sethia 01 August 2014 40127 Views

Vide notification no. 33/2014 dated 25.07.2014, CBDT has made amendments in Form 3CD and the same have been made effective for Tax Audit for assessment year 2014-15. Broadly, the changes have been made making Tax Audit Report (TAR) more comprehensive



Procedure for Appointment of Cost Auditor: 2014-15 onward

Posted by CMA Navneet Kr Jain 25 July 2014 88660 Views

The enactment of new Companies Act 2013 has brought far reaching changes. On the one hand it has tried to fi



Non Fund Based Credit Facility by Banks

Posted by RAM KUMAR GUPTA 23 July 2014 51819 Views

IMPORTANT POINTS FOR LETTER OF CREDIT AND BANK GUARANTEEWHO IS? APPLICANT:The buyer /importer of goods: This person has to make payment of letter of credit to the issuing bank if the documents are in accordance with the terms and conditions of LC.1.




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