Audit Articles

Business Continuity Plan amidst COVID-19 outbreak

CA ANILKUMAR B.COM FCA DISA 15 April 2020 at 10:53

In this crunch time, we should realize now, how vital it is, the implementation of healthy BUSINESS CONTINUITY PLAN (BCP) and DISASTER RECOVERY PLAN(DRP).

Bank Audit: Recent Changes and Key Aspects

CA Kushal Soni 13 April 2020 at 11:03

Bank audit is one of the most critical functions auditors perform every year. Bank Audit plays an important role in promoting confidence in the financial information provided by banks to various stakeholders. Here are the key changes in Bank Audit due to COVID-19 outbreak.

Internal Audit of Sections(Segments) of Electric Distrubution Co.(EDC)

CA Satish Badve 06 April 2020 at 12:18

Basics on Internal Audit of Sections(Segment) Electric Distribution Company (EDC)An EDC undertakes their operations through various segments these segments may ..

Inventory Verification Issues Due to COVID 19

CA Satish Badve 31 March 2020 at 10:45

Inventory Verification is undertaken by the companies at the year-end. Due to the outbreak of the COVID-19, the inventory verification process of various companies has been affected. Here is how the same can be dealt with.

MOC - Memorandum of Changes

Rahul ojha 31 March 2020 at 10:20

MOC- MEMORANDUM OF CHANGES, more often referred to as MOC is an important document enclosed with the Bank Audit Report whenever the Auditor observes significant issues affecting the Financial Statements of the Bank.

COVID-19 Impact- ICAI Advisory on Auditing and Accounting

Suhasini 27 March 2020 at 12:30

Impact of Corona Virus on Financial ReportingCoronavirus (COVID-19) Impact on Financial Reporting – Accounting Year Ending March 31, 2020ICAI is concerned..

Audit/Certificate on Utilization of Govt Grant/Aid/Funds

CA Satish Badve 26 March 2020 at 10:02

The Utilization Certificate and audit of utilization is required and asked by the authority Govt, Semi-Govt,Trust etc. This certificate is asked from Independent Chartered Accountants not related in any way to the Utilization entity.

An overview of Internal Audit Series 100 and 200

Ram Agrahari 12 March 2020 at 10:19

This article gives an overview of the Internal Audit Series(SIA) 100 and 200. It explains the scope, applicability and objectives of Internal Audit Series(SIA) 100 and 200.