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?
CA Vijeta Verma
(Expert)
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
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CA Vijeta Verma
(Expert)
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.
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