Company audit

This query is : Resolved

Report Abuse Follow Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

29 November 2013 which main points are to be covered in a company audit?

CA Vijeta Verma

CA Vijeta Verma (Expert)
Follow

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

Message likes : 1 times

CA Vijeta Verma

CA Vijeta Verma (Expert)
Follow

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

Upgrade to CAclubindia Pro. Subscribe Now!