Audit Articles


Annual Customer Balance Confirmations: Why They Matter

Posted by Sachin 23 August 2024 391 Views

Discover the importance of annual customer balance confirmations for accuracy, legal compliance, and building customer trust. Learn how to implement an effective process.



Data Security & Audit Trail Compliance: Legal & Operational

Posted by CA Amrita Chattopadhyay 17 August 2024 565 Views

Discover why robust data security is vital for audit trail compliance under the Companies Act 2013. Ensure integrity, accountability & meet legal demands.



Secretarial Audit Compliance: Companies Act 2013 Guide

Posted by Affluence Advisory 27 July 2024 635 Views

Understand Secretarial Audit compliance under the Companies Act, 2013. Discover applicability, requirements, and the process for your company.



Professional Skepticism: Key to Effective Auditing

Posted by CA Prateek Agarwal 29 July 2024 428 Views

Discover the importance of professional skepticism in auditing. Learn how this critical mindset enhances fraud detection, decision-making, and financial reporting quality.



Cost Audit and Cost Records Applicability 2024-25 & Non Compliance attracting Show Cause Notices

Posted by CMA Navneet Kr Jain 26 June 2024 3698 Views

Simple way of checking the applicability of Section 148 with regard to applicability of maintenance of Cost records or cost audit for 2024-25 is to review the financials of 2023-24 &Check the Total turnover of the Company



Valuing Intangible Assets Under IFRS: A Guide

Posted by Sai Nithyashri 21 June 2024 438 Views

Learn how to value intangible assets according to IFRS. Discover methods, inputs, and disclosure requirements for accurate financial reporting.



NFRA Charges Audit Firm for Vikas WSP Interest Cost Lapses

Posted by Aarti Maurya 14 June 2024 1027 Views

NFRA charges audit firm S. Prakash Aggarwal & Co. for misconduct in Vikas WSP audit, failing to disclose interest costs. Learn about the penalties.



Corporate Red Flags: Spotting Fraudulent Activity

Posted by Shailesh Prajapati 22 May 2024 732 Views

Learn to identify corporate red flags across financial, accounting, operational, and behavioural aspects. Protect your business from fraud.



Systems vs Process Audit: What's the Difference?

Posted by Sundaran.D 15 May 2024 894 Views

Understand the key differences between systems audits and process audits. Learn how to integrate them for better efficiency and risk management.



Cost Audit 2023-24: Report Delays to MCA

Posted by CMA Navneet Kr Jain 13 May 2024 1802 Views

Ensure timely cost audit filings for 2023-24. Discover reporting requirements for delays and UOM compliance to avoid MCA scrutiny.




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