Audit Articles

CMAs' Role in Tax Audit

Posted by CMA Arif Farooqui 14 July 2014 31496 Views

Finance Act, 1984 introduced Section 44AB under Income-tax Act, 1961 w.e.f Assessment Year 1985-86. Under this section, if the total sales / turnover or gross receipts for previous year exceed the prescribed limits then assessee is required to get hi

Open letter to Prime Minister

Posted by SANJAY KUMAR DEY 08 July 2014 11217 Views

Respected Prime Minister Sri Narendra Modi Ji, Im a mediocre salaried class always dream to own the things which I aspire or looks around.In the new age mass communica

Independent Auditor & Trustworthy Audit

Posted by Satvir Singh 25 June 2014 9307 Views

Independence is the bedrock of audit profession. Only an independent auditor can expected to be skeptical, objective & unbiased. To strengthen the independence of auditors, new Companies Act, 2013 contains provisions related to Auditor Rotation. Only

Basics of Audit, New Concepts

Posted by CA Satish Badve 02 June 2014 15828 Views

All type of audits like bank audit, company audit, internal audit,statutory audit requires to some extend applying of same principles of audits,and audit techniques. BEFORE AUDIT: As observed, 80% of the work of audit in a CA Firm has repetit

Secretarial Audit - An Overview

Posted by Guest 31 May 2014 16784 Views

Introduction: Secretarial Audit is a process to check compliance with the provisions of various laws and rules/regulations/procedures, maintenance of books, records etc., by an independent professional to ensure that the company has complied with th

Status of CARR and CAR, 2011 w.e.f. 1-Apr-2014

Posted by Girish HS 03 April 2014 19095 Views

The MCA has notified Section 148 of The Companies Act, 2013 regarding maintenance of Cost Accounts / Cost Audit on 26th March 2014, to be effective from 1st April 2014. The MCA however has not notified Final Rules under Section 148 rela

Audit of Banks with the help of Finacle - Segment 2

Posted by Pranav Vijay Pandya 26 March 2014 82196 Views

Hello everyone! Since the Bank Audit season is around the corner, I thought it to be appropriate to come up with another article regarding Audit of Banks having Finacle as their CBS platform. This ar

Payment of Term Deposit with mandate revised guidelines

Posted by RAM KUMAR GUPTA 20 March 2014 14847 Views

PAYMENT TO EITHER OR SURVIVOR IN DEPOSITS OF BANK-REVISED GUIDELINES OF RESERVE BANK OF INDIAMy purpose to write this article is to make, the people at large, aware of the changes made by Reserve Bank of India which have material impact on their deci

Guest Auditor leveraging your organisation Talent

Posted by satya narayana 19 March 2014 24798 Views

GUEST AUDITORS LEVERAGING ORGANIZATIONS TALENT1GUEST AUDITOR INTRODUCTION The concept of Guest Auditor is prevailing in some of the companies. The advantage

Caro and its clauses which needs reporting by auditor

Posted by vipin verma 12 March 2014 72887 Views

The central government come out with these extra reporting requirements to ensure that the auditor should check and report on the matters mentioned in CARO for ensuring smooth working of company.Co