Articles by CA Amrita Chattopadhyay

View Full Profile

Third Party Risk Assessment

CA Amrita Chattopadhyay 03 June 2023 at 09:54

The third-party risk assessment which is also generally known as the supplier risk assessment as most of the risk assessment are done for the associated supplier.

Posted in Corporate Law | 507 Views

Audit Trail and Importance of Access Control

CA Amrita Chattopadhyay 04 May 2023 at 11:55

The Ministry of Corporate Affairs vide notification dated March 24, 2021 issued the Companies (Audit and Auditors) Amendment Rules, 2021 which made various changes in Rule 11 of the Companies (Audit and Auditors) Rules, 2014.

Posted in Audit | 1 comments | 6903 Views

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..

Posted in Audit | 2 comments | 5553 Views

Importance of Follow up procedure in Internal Audit

CA Amrita Chattopadhyay 09 February 2023 at 12:47

Internal audit is a process which provides assurance to the management regarding company’s risk management, control procedures and their operational efficiency.

Posted in Audit | 4 comments | 3408 Views

Additional methods for detection of fraud in the financial statement

CA Amrita Chattopadhyay 03 January 2023 at 13:07

The new way of conducting the business has forced auditors to adopt new thinking, new multi-dimensional approach and new tools to conduct the audit of financial statement.

Posted in Audit | 4 comments | 4119 Views

Highlights on Data Protection Bill, 2022

CA Amrita Chattopadhyay 05 December 2022 at 12:05

With the world going digital and geographical boundaries getting blurred day by day, data plays a very important role. The digital world contains `personal, p..

Posted in Others | 2751 Views

Implementing Governance, Risk & Compliance (GRC) in an organization

CA Amrita Chattopadhyay 12 November 2022 at 17:51

Most of the organization till date view the risk, governance and compliance in Silo resulting in miscommunication, inter-departmental tensions and lack of integrated approach which mostly results in inefficiencies.

Posted in Corporate Law | 1440 Views

Identification of Green flags in Audit of Financial Statement

CA Amrita Chattopadhyay 20 August 2022 at 16:32

While conducting the audit of financial statement and fraud investigation it is imperative for the auditor to focus his attention not only for the RED Flags but also to draw his attention towards the green flags in the financial statements and the operations in the organization.

Posted in Audit | 11 comments | 6162 Views

Why interview skills are important during audit?

CA Amrita Chattopadhyay 02 July 2022 at 12:38

As an auditor who needs to conduct the audit as per the auditing standards prescribed by ICAI, it is important for the auditor to have proper planning of the audit, execution and collecting of evidences as per the audit plan and reporting the findings to the management or Those Charged with Governance.

Posted in Audit | 3384 Views

Why should auditor of financial statement be concerned about cyber security?

CA Amrita Chattopadhyay 08 June 2022 at 12:43

With the fast-changing business environment and the fast-paced change in the technology and the way business is being conducted, it becomes important for the auditors to also keep in pace with the rapid changes taking place and adopt technology while conducting audits.

Posted in Audit | 2 comments | 3333 Views