Articles by Anurag

Company Audit-2 for CA IPCC

Posted by Anurag 29 October 2013 31302 Views

Books of Accounts u/s 209 U/s 209, company must maintain proper books of account at its registered office: a) Receipts/payments b) Sales and Purchases c) Assets and Liabilities d) If company engaged in production, processing, manufacturing or

Preparing for Government Audit

Posted by Anurag 16 October 2013 22142 Views

EXPENDITURE AUDIT (M99,M07)(N01,N03,N06)(N11) Audit against Rules &Orders(M08) Is expenditure = in conformity with statutory provisions and financial rules and regulations? Functio

Audit Report for CA IPCC

Posted by Anurag 16 October 2013 28565 Views

AUDIT REPORT Draft an illustrative Audit Report u/s 227 of the Companies Act, 1956, with a few qualifications. Annexure u/s 227(4A) is not required. In this situation, we depict a case where the auditor was unable to obtain su

Audit Working Papers - CA IPCC

Posted by Anurag 08 October 2013 42752 Views

Audit Working Papers (M10, N11, M07, and N12) Theme If you havent documented, you havent performed SA 230 Audit Documentation (N08) Utility: Documen

Audit Trail in EDP: Audit CA IPCC

Posted by Anurag 05 October 2013 28737 Views

Audit Trail in EDP (N04) Audit is doable if one can relate one-to-one basis, the original input along with the final output a) In some situations, output is as complete and as detailed as in any manual system. E.g. Detailed calc

Preparation Strategies for Auditing & Assurance - IPCC Paper 6

Posted by Anurag 01 October 2013 141973 Views

Instead of giving you a blanket statement Study hard etc, I though would give you more strategic insights. There is no assurance that the strategy I enumerate would necessarily work for you in the Auditing paper. However given my pas

The CA degree - your trust with your destiny

Posted by Anurag 27 September 2013 17552 Views

"If the tax auditor certifies that these are the heads, the officer has no discretion. The Income tax Officer has to accept the tax audit certificate unless it turns out to be a patently false certificate. W

Preparation Strategy for Audit for CA Final

Posted by Anurag 20 September 2013 41103 Views

Advising someone on how to go about preparing for auditing is a tricky affair as I had adopted a very risky strategy.Luckily the gambit worked for me .But the same may not work for you. Actually it all depends on the question paper. Audit would alwa

Five important Standards on Auditing for CA IPCC

Posted by Anurag 17 September 2013 50434 Views

SA 210: Agreeing the Terms of Audit Engagements Scope This S.A deals with the Auditors Responsibility in Agreeing with the Terms of Audit Engagement with Management and See Whether any of the Preconditions of the Management Restricts hi

Case Studies for Company Audit -1 (CA-IPCC)

Posted by Anurag 17 September 2013 42536 Views

At the AGM of ICI Ltd., Mr X was appointed as the statutory auditor. He, however, resigned after 3 months since he wanted to give up practice and join industry. State, how the new auditor will be appointed by ICI Ltd. Specify provisions of Sectio