Audit Articles

Forensic Auditing & Internal Auditing

Shikha Sanat Kotak 02 July 2013 at 11:49

Forensic Auditing: Todays era has fallen prey to complete digitalization; may it be in the field of accounting or for that matter all the spheres of business conduits. While this computerization has enormous advantages; like any other devel

Comparison Of Old Audit Report Format With SA 700(Revised)

CA Vinay parmar 22 June 2013 at 12:11

Hello, Everyone, as we all know Audit period has started and we all are busy in Auditing and Finalization work and this time we all have to prepare Audit Report in a Revised Format. While going through the Revised format and the Old Format, I have

Introduction of New Audit Report Format by ICAI

CS DHANAPAL 21 June 2013 at 16:54

Revision in format of Implementation of SA 700 (Revised) /SA 705/SA 706

Stock Audit

Nitin Agrawal 21 May 2013 at 11:59

A cash credit limit against hypothecation of Stock & Debtors is very commonly adopted as a mode of finance. In such case the borrowers are required to submit stock statements showing details of Stock (RM,WIP,Consumables,FG) & Debtors so that

Importance of Gaining Knowledge About Client's Business

ashish sharma 11 May 2013 at 13:31

In an audit it is important for an auditor to acquire sufficient knowledge about the client's businessthis will not only help him/her express an opinion as to the truth and fairness of assertions in the financial statements but also help him/her safe

Indian Banks Give Customer Service for Money Laundering

Sonia Jaspal 06 May 2013 at 12:39

Indian Banks Give Customer Service for Money Laundering

More than Just Auditing

Tejas 26 March 2013 at 11:36

What things make difference between normal auditor and valuable auditor? More particularly I am focusing on article called as More than Just Auditing because we are leaving in a country which is emerging as a developed country by lat

Audit Evidence & Audit Documentation-Fundamental Necessity and Professionalism

mohit goyal 25 March 2013 at 11:32

About The Topic- This is very important topic for students and professionals both. As far as for students of Ca-Final and CA-IEPCC (earlier called IPCC) it cover

Why we need Internal Auditing?

Srinath P 21 March 2013 at 11:19

Most of the executives of successfully running small medium enterprises have this question in mind. We have already spending for statutory audits (namely external audits) and why we need to spend again for internal aud

Internal Audit Process and Reporting

Dr. Rashid Mehmood, CPA, Ph.D 20 March 2013 at 11:28

I received a message from one of our club member and she was keen to learn internal audit process & reporting and requested for some sample audit report. I replied her to develop her own audit report and send me for review, after reviewing the