Audit Articles

Difference: Cost Compliance Report and Cost Audit Report

CMA Navneet Kr Jain 23 November 2012 at 11:20

Difference in applicability of Cost Compliance Report and Cost Audit Report New Cost Audit Orders and its Comparision with earlier orders By CMA Navneet Kumar Jain FCMA, MBA, LL.B., M.COM., PGDTL, LIII., AIIISLA With issue of various circulars, c

Petty Cash Guidelines

Pankaj Gandhi Jaiswal 22 November 2012 at 11:29

Record Management Cash book maintenance & closing of daily balances. Signature of PCA on daily closing balance at the end of day Daily Cash Report to be sent to SM Accounts/CFO/MD by Mail Hard Copy Filing of Daily

What is Statutory Audit?

Pankaj Gandhi Jaiswal 19 November 2012 at 11:44

What is Statutory Audit : By the meaning of word the statutory audit in India is the audit which is prescribed by statute. There is many audit in India which is prescribed by the different statute like Income Tax Act require audit as per him simi

All about Internal Audit

Pankaj Gandhi Jaiswal 17 November 2012 at 12:14

When we run an Enterprize we be too busy in getting the goals or loosing the goals and become biased for the reason of success or failure. If we get success we think that we are strong and if we fail that then think that we

All about CAG

CA Pooja Agarwal 30 October 2012 at 11:54

CAGs Cannot Be Cheer Leaders Very recently, Indias national auditor has said the government should not expect it to be a cheerleader for all of its actions. Comptroller & Auditor General Vinod Rai took the opportunity of addressing his se

MCA to Review Cost Audit/Compliance Reports

CMA Navneet Kr Jain 24 October 2012 at 13:03

MCA to Review Cost Audit/Compliance Reports

Forensic Audit

Member (Account Deleted) 20 October 2012 at 13:33

FORENSIC AUDIT-DEFINITION Forensic audit involves examination of legalities by blending the techniques of propriety , regularity and investigative and financial audits. The objective is to find out whether or not true business value has been reflect

Internal Audit- 'A Shift'

Jitendra Jain 03 October 2012 at 12:43

A shift from Conventional Internal Audit to Risk Based Internal Audit The present Internal Audit across small and mid-sized organisation involves a dry review of Purchase, Sales, Operations, Finance and Payroll fun

Audit of fixed assets

*RENU SINGH * 02 October 2012 at 13:06

Objectives:- Ensure that All Expenses which need to be capitalized are capitalized; Company is maintaining proper Records of Fixed Assets; Deprecation , Profit/Loss on Fixed Assets Correctly Calculated; Compliance of Ac

Risk Assessment of Marketing Function

Sonia Jaspal 11 September 2012 at 11:56

The global economy is facing turbulent times with US in recession, Europe in economic crises and emerging markets growth slowing down. Frequently organizations panic on hearing forecasts of looming recession. They cut down marketing budgets, innov