Company audit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 November 2013
which main points are to be covered in a company audit?
29 November 2013
All the points of CARO.
Previous year qualifications/reservations by auditor.
Compliance with AS/Ind AS,Revised scedule vi.
Compliance with tax laws ,ESIC,PF Act for all statutory dues & regularity/irregularity of return filings.
Consideraton for auditors as per new companies act,2013
Findings from internal audits,limited reviews if any.
Third party confirmations & management represntations on all relevant issues.
Various ledgers scrutiny
Analysis of ageing/scheduling of recievables,payables
Previous year qualifications/reservations by auditor.
Compliance with AS/Ind AS,Revised scedule vi.
Compliance with tax laws ,ESIC,PF Act for all statutory dues & regularity/irregularity of return filings.
Consideraton for auditors as per new companies act,2013
Findings from internal audits,limited reviews if any.
Third party confirmations & management represntations on all relevant issues.
Various ledgers scrutiny
Analysis of ageing/scheduling of recievables,payables
Message likes :
1 times
29 November 2013
Also go through previous /current yr audit program /plans/checklists prepared by your firm & take it as a base for your work.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CAPITAL GAIN REDEVELOPED FLAT
- Multiple payment of self assessment tax for A Y 2025-2026
- Requirement under FEMA &RBI
- REGARDING ITR FILING QUESTION
- Missed TDS
- TDS NOT YET CREDIED
- TDS refund Indemnity Bond
- Gst reverse charge mechanism to be claimed in the month of payment
- Query regarding TDS on EPFO Higher Pension Arrears- under wrong section
- Query regarding reporting of exempt foreign remuneration in ITR
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
