Audit Articles

Frequently asked questions regarding NPA

CA PIYUSH KAPOOR 01 April 2019 at 11:15

1. Whether a working capital account will become an NPA if the stock statements are not submitted regularly? What should be the period for which the stock state..

Key points for Bank Audit 2019

CA Mahesh Bansal 25 March 2019 at 10:57

Many of you may have been allotted bank branch audits. I congratulate them heartily. Today, I am sharing with you few things to keep in mind while going for ban..

Procedure to set-up an Internal Audit Department by an organisation

CMA TAPAN DHAR 18 March 2019 at 11:07

What is Internal Audit?Internal Audit is an independent & objective assurance and consulting activity that is guided by a philosophy of adding value to impr

All you need to know about KAM- Key Audit Matters

CA. Anshul Gupta 13 March 2019 at 10:46

For the first time, audit reports of listed companies for Financial year 2018-19 will contain a section called Key Audit Matters (KAM). T

Audit Report - What is'true and fair view?'

P.R. Sethuraman 11 March 2019 at 11:03

The present formats of the audit reports are primarily guided by the relevant SAs:

An insight into Forensic Audit

MEENAL BANSAL 02 March 2019 at 11:26

I have been hearing and reading about Forensic Audit lately, so decided to write this article.As the name suggests Forensic Audit means independent and comprehe..

Standards on internal audit: A Bird's Eye View

CA Rubneet Anand 11 February 2019 at 13:27

The Internal Audit Standard Board of the ICAI has, with other pronouncements, issued five Standards on Interna

Impact of Ind AS 116 on Leases - When it is Operative

P.R. Sethuraman 29 January 2019 at 11:26

Introduction: Ind. AS 116 on Leases

Equity share capital and Balance Sheet

P.R. Sethuraman 09 January 2019 at 11:45

Introduction:A glance through of the Ind. AS will highlight a hell of a difference of treatment of Equity share Capital from IGAPP as well

Artificial Intelligence in tracking Expenses Reimbursement Frauds

Pawan 31 December 2018 at 11:30

Artificial Intelligence is exposing Employees Reimbursement FraudsIntroductionAI abbreviation of Artificial Intelligence is widening its base in the Audit as we..