Audit Articles

Secretarial Audit - An Overview

Posted by Guest 31 May 2014 16795 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 19108 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 82212 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 14869 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 24813 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 72893 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

Provision of Companies Act, 2013 relating to Auditor

Posted by Karan Domadia 10 March 2014 78936 Views

Provision Of Companies Act 2013 relating to Auditor. INTRODUCTION There is a huge tremendous Change in new Provisions under the Companies Act, 2013 with respect to Auditors as compared to the old Companies Act, 1956. The new Act in

How to improve Bank Audit Appointment System?

Posted by CA Nitesh Kumar More 05 March 2014 18219 Views

PRESENT APPOINTMENT SYSTEM: A) Every year, ICAI forward the Bank Branch Auditors Panel to Reserve Bank of India. The said panel was classified into following three lists by RBI:- i. List of auditors stationed at cooling period (applicable to

Analysis of Provisions on Statutory/Cost/Secretarial Audits & Auditors

Posted by CA Nitesh Kumar More 04 March 2014 26132 Views

THE COMPANIES ACT 2013(Chapter X- Sections 139 to 148 & 204) About the Act The long-awaited new Companies Bill 2012 has at last seen the light of the day as The Companies Act 2013 (Act No.18 of 2013) with its publication in the Gazette of India E

Limited Review

Posted by Umesh Rijal 26 February 2014 167373 Views

Limited Review can be defined as the audit of financial statements on quarterly basis. Listed companies are required to conduct limited review through statutory auditors before s