Audit Articles
Importance of vouching
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
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
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
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
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)
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
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?
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
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
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
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