Audit Articles

Auditors Create Caustic Work Environment

Sonia Jaspal 22 August 2011 at 12:23

When I say auditors create caustic work environment, I expect an indignant response from auditorville to the effect What are you saying, we are beacons of decency and always walk the high moral ground. A question that begs an

Need to make a stronger CAG

Harish Chandra 18 August 2011 at 11:52

(Comptroller and Auditor General of India)Supreme Audit Institution of India The CAG of India is an authority, established by the Constitution of India, who audits all receipts and expenditure of the Government of India and the state go

Social Audit - Concept discussion

CA Ruban kumar 16 August 2011 at 19:19

SOCIAL AUDIT - Concept discussion For the people, of the people, by the people Our country being a democratic nation and a Welfare State revolves around people. Government takes any decision keeping the common people in mind. G

Impact of Organization Culture on Internal Controls

Sonia Jaspal 11 August 2011 at 12:14

The COSO defines Internal Control as a process, effected by an entitys board of directors, management and other personnel, designed to provide reasonable assurance regarding the achievement of objectives in the following categories: ef

Good to Great Risk Management

Sonia Jaspal 28 July 2011 at 12:35

In the aftermath of the financial crises, it would seem fair to presume that risk management functions now have higher visibility, authority and influence. However, a recent report Too good to fail? issued by Economist Intelligence Uni

Be Audible, Dear Auditor!!!

Vishnu Nair 23 July 2011 at 12:41

6BE AUDIBLE, DEAR AUDITOR!!! By Vishnu Nair, CA Final Student, Institute of Chartered Accountants of India Auditing is a profession which is destined to serve myriads of stakeholders like shareholders, lenders, creditors, analysts, credit ratin

Duties of a Auditor

Harish Chandra 16 July 2011 at 14:14

1) STATUTORY DUTIES (A) REPORT TO MEMBERS [SEC. 227 (2)] The auditor is required to make a report to the members of the company on the following matters a. Whether in his opinion the Profit and Loss Account shows a `true and fair view o

Hand Book on Professional Opportunities in Internal Audit/Assurance Work

Rajkumar Adukia 02 July 2011 at 12:51

INTRODUCTION A calm mind is better focused than a turbulent one. Internal auditor exhibits supremacy with his systematic and a well laid out approach, which offers him clarity and edge in whatever he undertakes. There is no limit on his accompli

Alignment of Excise Classification Code and Products under Cost Audit

CMA Navneet Kr Jain 01 July 2011 at 13:37

Alignment of Excise Classification Code and products under Cost Audit (under Sec 233B) of Companies Act (year 2011-12 onwards) Amendment to Notification dtd 3rd May, 2011 Sir, In continuation of our earlier updates on cost audit, we would like

FAQ's on Appointment of Cost Auditor by Companies

sunil 11 May 2011 at 13:52

Frequently Asked Questions on Appointment of Cost Auditor by Companies Q.1 Has the Government prescribed a new procedure for appointment of cost auditor by the companies? Ans. Yes. The procedure has been modified by the Cost Audit Branch