Audit Articles

Procedure for Appointment/Re-Appointment of Cost Auditors

Ajay Mishra 04 April 2012 at 11:18

Ministry has reviewed the existing procedure followed by the companies seeking prior approval of the Central Government for appointment of cost auditor under section 233B(2) of the Companie

Bank Branch Statutory Audit Odd Man Concept

CA Satish Badve 26 March 2012 at 14:51

Bank Branch Statutory Audit ODD MAN CONCEPT.

Statutory Audit of Construction/Real Estate Companies: CARR

CMA Navneet Kr Jain 23 March 2012 at 15:06

Applicability of Cost Records in Real Estate/Construction Industry Statutory Auditors of Construction/Real Estate Companies to exercise caution By Navneet Kumar Jain, Practising Cost Accountant, Delhi Till the year 2010-11, cost records were require

Internal Audit Basics

CA Satish Badve 21 March 2012 at 12:18

Internal Audit Basics The

Service Vs Business

Dintakurthi Tirumala 13 March 2012 at 12:17

This is my first Article in this i would like to share some thing about Service Vs Business. To differentiate between Service and Business is very important because 1) services are liable for Service tax whereas business is liable for Sale tax, Vat,

Audit Plan/Tutorial: Audit of Purchase Department

Chiranjiv Singh 12 March 2012 at 12:00

AUDIT PLAN/TUTORIAL: Audit of Purchase Department of a Manufacturing Company A manufacturing company is that where a raw materials are converted into final product by applying certain manufacturing process. Thus, from the above definition, w

Risk Based Internal Audit

CA Prashant Gupta 12 March 2012 at 11:12

Parallel to the great upsurge another factor that hunting the board room of the corporate are Risk. There can be any type of the risk whether it is liquidity risk, fraud risk, reputation risk, competition risk and sundry other risks. T

Art of Internal Auditing!

Selvakumar Selvaraj 07 March 2012 at 11:27

Now, the world is in twenty first century, everywhere changes could be visualised but with respect to accounting, auditing etc, where is the change? Modern organisations have become more sophisticated and thus resulted

Innovative assurance and advisory services

Sonia Jaspal 11 February 2012 at 15:34

The business teams mental picture of an auditor is of a guy focused on nitpicking financial accounts. The excessive focus from regulators on internal controls in finance processes has stereotyped auditors. However, in these dynamic economic cond