Audit Articles

Audit Plan/Tutorial: Audit of Purchase Department

Posted by Chiranjiv Singh 12 March 2012 55694 Views

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

Posted by CA Prashant Gupta 12 March 2012 17771 Views

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!

Posted by Selvakumar Selvaraj 07 March 2012 18755 Views

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

Posted by Sonia Jaspal 11 February 2012 10957 Views

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

Audit program for purchases by manufacturing organizations

Posted by Third Eye Advisory 06 February 2012 66102 Views

Whether purchase planning is centralised or decentralised. Check the role of Head Office/Works in formulating the p

Master audit program of administration expenses

Posted by Third Eye Advisory 02 February 2012 37464 Views

COURIER CHARGES 1.Check whether comparative quotations have been called for or not see whether the best quotation has been selected - Annual rate contract can be checked.

Strategy To Execution - A Risky Path

Posted by Sonia Jaspal 27 January 2012 6715 Views

Some companies fail and some succeed spectacularly in the same market conditions. The question for successful companies is what did they do differently? On the other hand, failure is attributed to either poor strategy or pathetic operation

Challenges in Finalization of Accounts for the year 2011-12

Posted by CMA Navneet Kr Jain 17 January 2012 22998 Views

Challenges in Finalization of Accounts for the year 2011-12 post new Cost Accounting Records Rules By Navneet Kumar Jain FICWA, MBA, LL.B., M.COM., PGDTL, LIII., AIIISLA Ministry of Corporate Affairs has done a remarkable job for the indus

Statutory Audit of Branch of The Bank

Posted by CA Satish Badve 13 January 2012 126743 Views

The bank branch statutory audit is a yearly task and has a vital importance due to following reasons. 1. Time for completion of audit is very limited and the audit had to be completed on or before specific date. 2. Increase in instances and new te

Basic of Stock Audit

Posted by CA Satish Badve 08 January 2012 128166 Views

Preface: The exercise of stock audit was initiated by the banks in way back 1992 onwards, after Harshad Metha Scam. The idea is to verify the security offered to the banks against