Audit Articles


Clause by Clause Changes in CARO 2020

  Mehul Gada    03 March 2020 at 10:10

Clause by Clause Changes in CARO 2020



Key changes under Companies (Auditor's Report) Order, 2020

  Brajesh Kumar    02 March 2020 at 10:31

Key changes under Companies (Auditor's Report) Order, 2020



Comparison of CARO 2016 and CARO 2020

  CA, CS & DISA VIVEK KHANDELWAL    29 February 2020 at 11:07

Companies Auditor Report Order (CARO) Rules, 2020



Companies Auditor Report Order (CARO) Rules, 2020 - Analysis

  Vivek Agarwal    27 February 2020 at 10:41

The MCA has issued the Companies (Auditor's Report) Order, 2020 (CARO 2020), on 25th February 2020. This order has been issued in supersession of the Companies (Auditor's Report) Order, 2016



Tax Audit u/s 44AB limit increased upto 5 Cr. w.e.f. AY 20-21- Is it applicable to all businesses?

  Soumya Laha    20 February 2020 at 10:34

Tax Audit U/s 44AB limit has been proposed to increase up to Rs. 5Cr. from AY 2020-2021 for MSME sector in Union Budget 2020 but several conditions apply.



Compliance of Ind AS 19 by Indian Listed Companies

  Tikaram Chaudhary    02 November 2019 at 13:54

In Indian context, Companies needs to comply with Accounting Standards notified under Section 133 of Companies Act 2013 to prepare the Financial Statements at the end each Financial Year.



SEBI circular on the resignation of statutory auditors (with Format of Information)

  Amitav Ganguly    21 October 2019 at 12:05

SEBI circular on the resignation of statutory auditors



Integrity Of Auditor - PMC Bank Crisis

  Tejas Kasar    21 October 2019 at 10:57

Few days ago some of you may have heard news saying that RBI has imposed restrictions of withdrawal on PMC bank holders. The RBI restricted to withdraw only Rs. 1,000 for whole 6 months. All the monies of account holders is at stake.



GST Testing under Internal Audit

  Mandli Ravi Tej    27 September 2019 at 11:02

We are almost at the end of statutory audit season and many of us will be working in internal audits from now. Statutory compliance will be the compulsory component in the scope. We will be covering basic reconciliations as a part of GST testing.



CBDT extends the due date to submit the Tax Audit Report to 31st October, 2019

  Vaishali Dhek    17 September 2019 at 13:50

After the extension of the due date to file the Income Tax Return, the Chartered Accountants are now requesting the Income Tax Department to extend the due date to submit the Tax Audit Report as soon as possible to reduce their workload.