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Articles by kotte murali krishna

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Comments on NFRAs Consultation Paper On Statutory Audit And Auditing Standards for MSMCs

  kotte murali krishna    09 October 2021 at 09:45

In case, NFRA takes any drastic decision to exempt the need for statutory audit of MSME companies for any reason, the size of frauds would go up and the Indian economy will be in the doldrums.

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Posted in Audit  2 comments |   1098 Views

Identification and Calculation of Funds Diversion for Bank Audit

  kotte murali krishna    01 April 2021 at 09:57

Whenever an Auditor finds any new investments of either long term or short term of unrelated assets on the face of company Balance Sheet during audit, there is a need to verify and confirm the source for the investment.

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Posted in Audit |   3531 Views