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Audit Articles


Mastering Purchase Reconciliation: A Guide to Efficiency and Insight

  Nikita Agarwal    23 August 2023 at 08:58

Balancing the Books: Exploring the How-To and Why-It-Matters of Reconciling Purchases with the Purchase Register



Vertical Analysis of the Income Statement

  Swathi Reddy    07 August 2023 at 08:45

Vertical analysis is a way to analyze financial statements. It shows each item as a percentage of a base figure. It is easy to understand. In this type of analysis, all income statement items are shown as a percentage of Sales.



Step wise Human Resource Audit with Checklist and its Benefits

  Nikita Agarwal    03 August 2023 at 09:00

A human resource audit is a comprehensive review and evaluation of an organization's HR policies, practices, and procedures. It helps identify strengths, weaknesses, and areas for improvement in the HR function.



Tax Audit Applicability - A Guide

  CA Ruby Bansal    01 August 2023 at 17:22

Tax audit refers to the examination and verification of a taxpayer's financial records, transactions, and other relevant information to ensure that they hav



Role Of Auditor: Balancing Audit Procedures And Professional Skepticism

  CA Amrita Chattopadhyay    01 August 2023 at 12:44

This article delves into the significance of auditors' role in the financial ecosystem, emphasizing the delicate balance between conducting thorough audits and staying vigilant against potentially fraudulent activities.



Risk-Based Internal Audit: Strengthening Governance and Enhancing Organizational Resilience

  Sundaran.D    15 July 2023 at 06:53

This article explores the concept of risk-based internal audit, its benefits, and its role in enhancing organizational resilience.



Q&A on Enterprise Risk Management Concept

  TARANDEEP SINGH BHATIA    05 July 2023 at 14:20

An enterprise risk management framework refers to a structured set of guidelines that organizations use to manage risk reporting procedures.



The FLDG Model and Fintech-Bank Collaboration in India

  Affluence Advisory    05 July 2023 at 08:39

The emergence of Financial Technology providers (fintechs) has revolutionized the way in which financial services are delivered. Fintech firms have leveraged te..



Financial Due Diligence - Fictitious Revenue

  Anurag    05 July 2023 at 08:36

Just like GoMechanic, Mojocare’s founders also recently admitted that they were misreporting revenue and fudging numbers, under the pressure to inflate GMV after raising $20 Mn in August 2022.



Importance of Internal Audit for SMEs

  Sundaran.D    04 July 2023 at 08:54

This article highlights the importance of internal audit specifically tailored for SMEs and how it can contribute to their overall success.