Articles by CA Amrita Chattopadhyay

Audit Quality Maturity Model Version 1.0 - Practice Management

Posted by CA Amrita Chattopadhyay 04 August 2021 8337 Views

Audit Quality Maturity Model (AQMM) is a tool for self-evaluation of audit firms & sole proprietor towards technological driven mechanism to increase the operational efficiency.

Paradigm Shift In Board Of Indian Companies due To Induction Of Woman Director

Posted by CA Amrita Chattopadhyay 20 July 2021 1906 Views

More woman on the Board not only results in compliance with the law, but it also results in increased sales and production apart from creating a public image.

Is being a Digital Chartered Accountant, a need of the hour?

Posted by CA Amrita Chattopadhyay 02 July 2021 10906 Views

The adoption of IT no longer remains a choice. It is critical for the firms to consider effective implementation of IT infrastructure to obtain the desired results.

Auditing Standard on other Assurance Services

Posted by CA Amrita Chattopadhyay 21 June 2021 2741 Views

One of the areas in which a CA renders services is assurance engagement. Discussing Auditing Standards on Other Assurance Services including Certifications, Projections and Provisional Statements.

Applicability Of Code Of Ethics For Practicing Firms

Posted by CA Amrita Chattopadhyay 07 June 2021 2126 Views

ICAI has issued a revised Code of Ethics 2019 which is applicable from 1st April 2020. The purpose of the Code is to promote an ethical culture in auditing.

Concept Of Small Shareholder Director

Posted by CA Amrita Chattopadhyay 17 May 2021 5957 Views

The term Small Shareholders have been defined as persons holding shares of a nominal value of not more than INR 20,000 or such other sum as may be prescribed.

Integration Of Fraud Risk Factor In IFC Framework

Posted by CA Amrita Chattopadhyay 01 May 2021 2226 Views

The management needs to have a certain benchmark to assess the adequacy of controls for the mitigation of risks. Without these benchmarks, the risk assessment will be subjective without any guiding post.

Registration u/s 12A: New Procedure under Income Tax Act

Posted by CA Amrita Chattopadhyay 24 April 2021 8815 Views

The new provisions have removed the concept of perpetuity and have provided that the registration of even existing organizations registered u/s 12A and 12AA would be renewable after 5 years.

Recent amendments in Schedule III of Companies Act 2013

Posted by CA Amrita Chattopadhyay 17 April 2021 14181 Views

The Ministry of Corporate Affairs vide Notification dated 24 March 2021 has amended Schedule III to the Companies Act, 2013, which shall be effective from the 1st day of April 2021.

Understanding Cyber Security And Impact On Bank Audit

Posted by CA Amrita Chattopadhyay 31 March 2021 3161 Views

Cyber security risks and controls are within the scope of the auditor's concern only to the extent that it could impact the financial statement. For this purpose, the auditor needs to have an understanding of the impact of IT on the financial statement.