Audit Articles

5 tips for surviving an audit

Posted by Mr. PURNA P 03 November 2007 16182 Views

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

Posted by Aisha 29 October 2007 5928 Views

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?

Posted by CA. Rayan Sequeira 08 October 2007 8322 Views

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

Professional Ethics - An Introductory Course in Value Education

Posted by CA. Rayan Sequeira 06 October 2007 11227 Views

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?

Posted by CA. Rayan Sequeira 06 October 2007 8628 Views

Its Tax Audit Time

Posted by CA. Rayan Sequeira 05 October 2007 20702 Views

--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

Posted by Ankit Dangayach 05 October 2007 15870 Views

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

Posted by riya 28 September 2007 6291 Views

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

"The Audit Landscape: 2001-2007" -ABROAD

Posted by riya 18 September 2007 5448 Views

Big Four Audit Firms Feel the Effects of Post SOX Inroads As Audit Fees SkyrocketThe Corporate Library today has released summary findings from its seminal study of the changes in the audit industry post Sarbanes-Oxley. In-depth analysis and data und

Case study on IS Audit

Posted by Ravi Satpal 16 September 2007 6816 Views

Case study on IS Audit You are chartered accountant in practice who has recently passed the ISA Exam. Your firm has received an inquiry from a Public Sector Bank for submitting a proposal for IS Audit. Key highlights of the inquiry are:Software Packa