Audit Articles

What is Professional Skepticism

Kaustuv 28 January 2008 at 10:32

Professional skepticism § Professional skepticism is a key element of a quality audit § Professional skepticism means: · Not accepting the evidence you have gathered at face value· Continuing to pursue all avenues of inquiry on the topic at hand

5 tips for surviving an audit

Mr. PURNA P 03 November 2007 at 12:52

5 tips for surviving an audit If you are being audited, don't panic. Be prepared and know your legal rights.1. Do your homework. Before you go into the auditor's office, get organized. Get all your papers together. Go over your return carefully. Beco

Auditing needs to become global

Aisha 29 October 2007 at 17:15

European investors today regularly invest across national borders. In order to safeguard their interests, the European Commission (EC) is concerned about the regulation of non European Union (EU) audit firms and has proposed principles for such regul

Eliminating The Audit Expectations Gap: Reality or Myth?

CA. Rayan Sequeira 08 October 2007 at 21:33

A gap between the auditor's actual standard of performance and the public expectations of auditor's performance."Blessed is the man who expects nothing, for he shall never be disappointed" is one of the famous quotes by Alexander Pope what we had bee

MAT Credit - An overview of its rationale and impact

CA. Rayan Sequeira 06 October 2007 at 16:15

"There was an era when the corporate entities mocked at the income tax department, since they had sizeable profits as per the accounting books but ended up contributing nothing to the coffers of the department. Taking the tax provisions to their adva

Professional Ethics - An Introductory Course in Value Education

CA. Rayan Sequeira 06 October 2007 at 16:15

Ethics generally means the science of conduct or morality. Ethics are a blend of customs and cultures followed by people and are important in all kind of work we do, be it business or profession.Equally it applies even to our profession and we cannot

Eliminating The Audit Expectations Gap: Reality or Myth?

CA. Rayan Sequeira 06 October 2007 at 14:15

Its Tax Audit Time

CA. Rayan Sequeira 05 October 2007 at 23:55

--Concept, emergence and prolongation of tax audit.The year 2007 marks the completion of 22 years of Tax Audit"It's not enough that we do our best; sometimes we have to do what's required", a quot

SOX Act of 2002: Overview

Ankit Dangayach 05 October 2007 at 23:55

The Sarbanes-Oxley Act of 2002 (SOA or SOX) "The Act does not differentiate between U.S. and Non U.S. companies in its application."What is Sarbanes Oxley Act of 2002?Legislation passed by the US Congress providing new corporate governance rules, re

Planning /Selecting Performance Audits

riya 28 September 2007 at 22:18

By Turksema, Rudi van der Knaap, PeterAll performance auditors share the same goal: to auditthe most relevant problems using the right people andthe most appropriate methods and techniques at theright moment and to use the audit findings to make amea