Audit Articles

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..

How Audit will change in next 5 years?

Pawan 26 December 2018 at 11:52

Transparency in Audits � How audit is conducted vs How it is presented to the Stake HoldersA gap exists between how an audit is conducted and how the data

Queries deserving attention for consideration for Auditors

P.R. Sethuraman 17 November 2018 at 14:40

Merited attention is invited to Para D 8 of Ind. AS 101 - on First Adoption of Indian Accounting Standards. Clause (b) of Para D 8 of the above said Stand