Audit Articles

AAS

Posted by Kaustuv 05 September 2007 9630 Views

I. As the members are aware, the Institute of Chartered Accountants of India has tilldate issued 35 (thirty five) Auditing and Assurance Standards (AASs). It may be reiterated that all the Standards are mandatory in nature. This means that while carr

Process for conducting Internal Audit!!

Posted by CA Nikita 08 August 2007 45577 Views

Although every audit project is unique, the audit process is similar for most engagements and normally consists of four stages: Planning (sometimes called Survey or Preliminary Review), Fieldwork, Audit Report, and Follow-up Review. Client involvemen

Remuneration payable to the Statutory Central and Branch Auditors of Public Sector Banks from the year 2006-07

Posted by CA Nikita 06 August 2007 7707 Views

RBI/2007-2008/101DBS.ARS.BC. No. 3/ 08.92.001/ 2007-08 July 25, 2007To,The Chairman & Managing Director, all Nationalised Banks andThe Managing Director, Associate Banks of SBIDear Sir/Madam, Remuneration pa

Multidisciplinary firms - Care, caution and credits

Posted by Late CA Sampat Jain 10 July 2007 64956 Views

Subject : Chartered Accountants Act & Regulations Month-Year : May 2007 Author/s : T. N. Manoharan Chartered Accountant Topic : Multidisciplinary firms - Care, caution and credits

Fair Value Stumps Auditors

Posted by CA Nikita 26 June 2007 5955 Views

Fair Value Stumps Auditors, PCAOB ToldAuditors won't feel at ease about dealing with fair value foranother 20 to 30 years, the PCAOB's advisory group predicts.Sarah Johnson, CFO.comJune 22, 2007The Public Company Accounting Oversight Board's advisory

Audit thyself

Posted by CA Nikita 21 June 2007 7987 Views

On the face of it, the information and broadcasting ministry's proposal to ask television channels to appoint auditors is a good one. It keeps the government off the channels' backs, and there will not be incidents of the type where the I&B minis

How can make an audit effective by coordinating audit aspects & audit procedures

Posted by Praveen Kumar Daga 25 May 2007 15004 Views

Beforestating anything I have two words to explain aspects and procedures. Now if wewant to do any work perfectly than we should know the aspects and proceduresrelated to that particular work. To be professional in our work we shouldanalyze first wha