Audit Articles

An In-Depth Look at the Audit of Accounts Receivable and its Impairment Assessment

CA Sanat Pyne 19 April 2023 at 08:48

Accounts receivable refers to the money owed by customers to a business for the goods or services they have purchased on credit. It is an important part of a business's working capital and represents the amount of cash that the business can expect to receive in the near future.

Sample Format for Creditors Confirmation

CA Ramanujan Sharma 17 April 2023 at 08:57

In this article author has discussed about the External confirmation and shared the sample format for obtaining Creditors Confirmations

FAQs relating to professional ethics of members pertaining to Bank Assignments

CA Ruby Bansal 10 April 2023 at 09:50

Q 1: Whether a Firm of Chartered Accountants can accept Audit of a branch of a bank, while one of the partners of the said firm has taken loan from a different ..

Who is responsible for the maintenance & preservation of audit trail?

CA Praveen 10 April 2023 at 08:56

With this article, the author intends to discuss the responsibility casted upon the Management for effective maintenance and safe custody or preservation of records including Audit Trail.

Auditor's Responsibility in respect of Audit Trail effective from 1st April 2023

CA Praveen 08 April 2023 at 09:45

Applicability of Account Rules will commence on or after April 1, 2023.

Automated Controls and Audit Trail

CA Amrita Chattopadhyay 07 April 2023 at 12:31

Finance & Accounting field has seen a shift change in the last two decades. From basic manual-driven cars to cruise controls, and thereafter autonomous crui..

Mandatory Audit Trail in Accounting Software: A Game-Changer for Corporate Governance

Rashmi 06 April 2023 at 08:52

An audit trail is a documented record of the sequence of activities and events that are associated with a specific transaction, process or system.

Implementation of Audit Trail software

CA Sanat Pyne 03 April 2023 at 08:45

An Audit Trail is a chronological record of all the events or transactions that have occurred within a particular system or process. It is used to track changes to data and document who made those changes, when they were made, and why.

Important Principles enunciated in Standards on Auditing

CA Rakesh Ishi 30 March 2023 at 12:11

Auditing standards play a significant role in the auditing profession. Among the important auditing standards, SA 700, SA 705, and SA 530 provide guidance for the auditor's opinion.

Bank Branch Audit: A New Approach

CA. Peeyush Sharma 29 March 2023 at 08:50

Bank branch audits are a critical component of the banking industry, as they help to ensure that financial institutions are operating in compliance with laws and regulations, safeguarding customer assets, and maintaining the integrity of the financial system.