Audit Articles

Inventory Valuations and Board of Director's Responsibility

CMA Navneet Kr Jain 28 November 2011 at 13:17

INVENTORY VALUATIONS AND BOARD OF DIRECTORS RESPONSIBILITY 2011-12 ONWARD UNDER NEW COST ACCOUNTING RECORD RULES-2011: By Navneet Kumar Jain, Practising Cost Accountant, Delhi Inventory valuation is one of the most important task in the accou

Embezzlement-Arthshastra, Audit and Tax

Lekshmi 28 November 2011 at 13:14

Fraud, embezzlement, concealment of material facts, misappropriation, the list seem endless when the auditor is involved in the examination of financial statements. Chanakya who lived in India, is considere

10 Steps for Restructuring Risk Management Function

Sonia Jaspal 28 October 2011 at 11:27

Don't judge each day by the harvest you reap but by the seeds that you plant. By Robert Louis Stevenson Last decade altered the risk profile of the world. Look it from any lens - financial, technological, political, leg

Points useful while doing auditing

Aman Daga 08 October 2011 at 15:24

POINTS USEFUL WHILE DOING AUDITING September 9 2011 REGARDING TDS REGARDING BONUS REGARDING FBT

10 Best Practices for Governance, Risk Management & Compliance

Sonia Jaspal 15 September 2011 at 12:50

Indian economic progress has forever changed the role of risk functions within the organizations. The bespectacled serious-brow-furrowed auditor who goaded and badgered business

Implement Anti-Bribery Policies

Sonia Jaspal 01 September 2011 at 12:50

Fashionistas traded their mascaras for a layer of emissions from exhaust pipes. Employees replaced their jackets with white tees imprinted with India Against Corruption slogan. On 24 August 2011, Bangroleans formed a 17-kilometer human

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